231026 @8.00 by Prakash Gaba

Prakash Gaba • 9 days ago

Original source

What This Video Is About

Prakash Gaba, a SEBI-registered analyst, shares his personal views on the Indian market, covering the Sensex, Nifty, and Bank Nifty, and provides insights into potential market movements.

Major Ideas Discussed

  • The Sensex may experience a slight upmove, potentially reaching 74000, but selling pressure is expected around that level, and the overall structure is weak.
  • The Nifty future faces strong resistance at 2280, and any upmove below this level is not trustworthy.
  • The Bank Nifty future may reach 55500, but the resistance level around 55500 makes it difficult to predict the market's direction.
  • The market structure is weak, and traders should be cautious, as 90% of traders lose money in the market.
  • It is essential to trade only what you can afford to lose and consult a financial advisor before making any decisions.

What to Watch Next

Traders should monitor the resistance levels, especially 74000 for the Sensex and 2280 for the Nifty, as well as the overall market structure, to make informed decisions.