Today is a monthly expiry and I have selected three stocks for today, SBILIFE, Reliance and Justdial.
Justdial for 29 Oct 2020
Justdial seems to rest on a support trendline which can be a buy option. If breaks the support trendline then sell.
Reliance for 29 Oct 2020
Reliance is trying hard for sustaining 2000 and making it a strong support zone but the strength seems to be decreasing and it would break this mark today.
Sustaining this which seems very difficult to me will take the price to upper trendline which could be around 2025 and above that it can be a breakout and strong buying can be seen only after breaking the trendline.
SBI Life for 29 Oct 2020
SBILIFE seems to be giving a breakout as the momentum in ending session was positive in 15 Minutes time frame.
Buying at the support trendline and painting SL of the same can be a profitable trade. Breaking the support trendline in the first hour will be a move for bearishness.
