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TRADING CALLS

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Mansukh Securities & Finance Ltd

BUY

Published on 28-10-2026 11:08 am

HIGH RISK HIGH VOLATILE: BUY BANK NIFTY 54000 CALL NOV ABOVE 1108.75 SL BELOW 1035 TGT 1140-1195-1250, 23 NOV


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ICICI Direct

OUTLOOK

Published on 28-10-2026 10:31 am

Technical Outlook :

• The index started the day on negative note and remained southward wherein intraday pullbacks were short lived. The daily price action formed is bear candle with higher high higher low indicating breather at higher levels.

• Going ahead volatility is likely to remain elevated ahead of US Fed meet outcome. Index failed to close above previous session high for seventh consecutive session indicating bias remains corrective as long as it forms lower high lower low formation. A decisive close above previous session high(54654) will be a prerequisite to pause the ongoing corrective phase.

• The breach of immediate support of 53800 would result into extended correction wherein next support is placed at 53000 being 61.8% retracement of Apr-Jun rally (49950- 58700)

• NiftyPSU Bank Index relatively outperformed for the day formed bull candle with higher high higher low indicating positive bias.

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ICICI Direct

OUTLOOK

Published on 28-10-2026 10:31 am

Nifty Bank : 53974

Technical Outlook

Day that was :

Bank Nifty ended the day on negative note down 0.7% at 53974 on back of mixed global cues. However, the Nifty PSU Bank relatively outperformed for the day gaining 0.4% for the day.

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ICICI Direct

OUTLOOK

Published on 28-10-2026 10:31 am

Intraday Rational :

Trend – High wave candle near short term moving average signifies prolonged consolidation

Levels – Sell around Tuesdays close

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ICICI Direct

OUTLOOK

Published on 28-10-2026 10:30 am

Key Monitorables

• US Fed meet

• Crude Oil

• US 10 Year Bond yields

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