TRADING CALLS
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Mansukh Securities & Finance Ltd
Published on 02-11-2026 11:19 am
HIGH RISK HIGH VOLATILE: BUY BANK NIFTY 54800 PUT NOV ABOVE 676.75 SL BELOW 590 TGT 710-758-815. 23 NOV
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ICICI Direct
Published on 02-11-2026 10:34 am
Intraday Rational :
• Trend - Robust recovery from key support of 53800 confirms strong support zone
• Levels : Buy around Fridays close
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ICICI Direct
Published on 02-11-2026 10:34 am
Technical Outlook :
• The index started the week on negative note. However, supportive efforts from September lows around 53800 levels which helped Index to recover losses and settle above 54600 levels. The weekly price action formed is bullish piecing line candle, indicating supportive efforts from lower levels.
• Going ahead volatility is likely to remain elevated ahead of US mid-term election. The follow trough strength above psychological mark of 55000 would help index to extend the pullback towards 56000 mark being 80% retracement of recent decline.
• In the process, 53800 would continue to act as immediate being placement of September low
• On the oscillator front, weekly stochastic recorded bullish crossover after bouncing from oversold territory
• Nifty PSU Bank Index formed bullish Engulfing and close near its 52 weeks EMA which has been respected over past seven months. The formation of higher high-low on the weekly chart would open the door for meaningful pullback.
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ICICI Direct
Published on 02-11-2026 10:33 am
Nifty Bank : 54687
Technical Outlook
Week that was :
Bank Nifty settled the session on a positive note, up 0.7. At 54687 levels. Meanwhile, the Nifty PSU Bank relatively outperformed by gaining 2% for the week.
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ICICI Direct
Published on 02-11-2026 10:33 am
Intraday Rational :
• Trend – Formation of higher high low signifies positive bias
• Levels – Buy around Fridays close.
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