Nifty:19140.9/93.65/0.49%;Candle:OF.Long day green; Bank Nifty:43039.15/257.15/0.6% Candle:OGDShort day green ; HB:OGD,Short day green
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:12% FII Long%FutCash;-1762;Opt89%
OI data Nifty ( max pain W19100M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Larsen & Toubro, Bharti Airtel, Tata Consumer Products, GAIL (India), Indian Oil Corporation, Arvind, Adani Total Gas, Birlasoft, CARE Ratings, DCB Bank, Five-Star Business Finance, Indiabulls Real Estate, Jindal Steel & Power, Mankind Pharma, Max Financial Services, Motherson Sumi Wiring India, Navin Fluorine International, Nuvoco Vistas Corporation, PNC Infratech, RITES, and VIP Industries will be in focus ahead of September quarter earnings on October 31.
Market wrap up(DWM,T,N,E):The market extended its upward journey for yet another session on October 30, but will that northward move continue in coming sessions? Possibly yes, if the index decisively surpasses its hurdle of 19,250-19,300 area in coming sessions; otherwise the rangebound trade may continue, experts say. The clearing and holding above this resistance of 19,250-19,300 can open doors for 19,500, the 50-day EMA (exponential moving average) given the Nifty50 made higher tops and higher bottoms for yet another session with bullish candlestick pattern on the daily timeframe. But if it fails to sustain above Friday’s close, i.e. 19,050, then it may take support at the 18,900-18,800 area, experts said. The BSE Sensex climbed 330 points to 64,113, while the Nifty50 jumped 94 points to 19,141 and formed a bullish candlestick pattern with a long lower shadow on the daily charts. The index showed a 200-point recovery from the day’s low. “The Nifty index staged a strong recovery with the bulls successfully defending the previous day’s low, ultimately closing at its highest point. Despite a broader negative outlook due to the prevailing downtrend, the possibility of a pullback exists, potentially taking the index to the 19,300 mark,” Kunal Shah, senior technical & derivative analyst at LKP Securities said. The broader markets had a flat closing on the first day of the week, while the volatility index, India VIX rose by 5.36 percent to 11.49 levels which remained in the broad range of 9-13 levels for the past several months.
Nifty:19047.25/190/1.01%;Candle:OGU,Short day green; Bank Nifty:42782/501.85/1.2% Candle:OGU, Short day green; HB:OGU,Doji,1476
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long12%FutCash;-1500;Opt87%
OI data Nifty ( max pain W19050M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:UPL, DLF, TVS Motor, Adani Green Energy, Marico, APL Apollo Tubes, Blue Star, Castrol India, GMR Airports Infrastructure, KPIT Technologies, Nippon Life, Petronet LNG, Ramco Systems, Spandana Sphoorty Financial, Speciality Restaurants, Supreme Industries, and Tube Investments of India will be in focus ahead of quarterly earnings on October 30.
The NSE has not added any stock to its F&O ban list for October 30.
Market wrap up(DWM,T,N,E):The market rebounded sharply after days of relentless selling, with benchmarks Sensex and Nifty closing a percent higher on October 27. Will the indices, which closed the week 2.5 percent lower, hold on to the gains? Unlikely, say experts. Bearish sentiment is expected to prevail and uptrend, if any, is likely to be sold into, experts said. At best the Nifty, which closed at 19,047, may consolidate below 19,500 with major support at 18,800, the low of the previous week, experts said. Selling pressure will intensify if the index slips below 18,800 and can slide to 18,600-18,500. On the higher side, 19,200-19,300 will be the immediate resistance, followed by 19,500. “The index closed significantly below the critical breakdown level of 19,250. As long as it stays below 19,250, the market may continue to be inclined towards selling on any upward movements,” On the downside, weakness will resume if the index falls below 18,800. This is because Put writers are likely to defend the Nifty with substantial positions at 18,800, with immediate support placed at 19,000, he said.
Nifty:18857.25/-264.9/-1.39%;Candle:OGD,Short day red; Bank Nifty:42280.15/-551.85/-1.29% Candle:OGD,Short day red ; HB:OGD,1464.Short day red,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long11%FutCash;-7702;Opt78%
OI data Nifty ( max pain W18900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Reliance Industries, Maruti Suzuki, SBI Life Insurance Company, Bajaj Finserv, Bharat Petroleum Corporation, Cipla, Dr Reddy’s Laboratories, Union Bank of India, Indian Hotels, IRB Infrastructure Developers, M&M Financial Services, Mahindra Lifespace, Mahanagar Gas, Oberoi Realty, SBI Card and Ujjivan Small Finance Bank will release quarter
NTPC, IDFC First Bank, AU Small Finance Bank, Bharat Electronics, Greenlam Industries, JBM Auto and Macrotech Developers will announce their September quarter earnings on October 28.ly earnings scorecard on October 27.
Market wrap up(DWM,T,N,E):After the carnage on Dalal Street with the Nifty50 hitting 200-day EMA (exponential moving average of 18,830) for the first time since April this year and the formation of Three Black Crows candlestick pattern on the daily charts, the bearish pattern, will there be more correction or any possibility of bounce back given the momentum indicator RSI (relative strength index at 26.74 levels) looking oversold? According to experts, any rebound is unlikely to be sustainable in the near term given the bearish sentiment and the index can drift towards 18,600-18,500 in the coming days. “One may observe three long bear candles in the last three sessions, which is indicating a bearish three black crows’ pattern, which signals a downtrend continuation pattern for the short term,” The negative pattern like lower tops and bottoms of a larger degree is intact on the daily chart and the market finding support to form a new lower bottom of the sequence. Still, there is no indication of any bottom formation at the lows, he says. Having moved into an oversold region, there is a chance of upside bounce occurring from the lows. A decisive move below 18,800 levels could open the next downside of 18,500-18,600 levels in the near term,” Nifty has reached a support zone and is appearing oversold on the hourly charts, one can expect a pullback till 19,000–19,050, however, it is likely to be only a temporary pause in the overall downtrend. On the downside, he feels the Nifty is likely to drift towards 18,500 levels in the short term. And the intermediate pullbacks should be used as a selling opportunity, he advised. The BSE Sensex tanked over 900 points to 63,148, while on the broader markets front, the Nifty Midcap 100 index fell 1.2 percent and Smallcap 100 index was down 0.3 percent.
Nifty:19122.15/-159.6/-0.83%;Candle:OF,Long day red; Bank Nifty:42832/-319.2/-0.74% Candle:OGU,Long day red ; HB:OGU,Long day red,1494,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long26%FutCash;-4236;Opt89%
OI data Nifty ( max pain W19200M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Asian Paints, ACC, Punjab National Bank, Canara Bank, Colgate-Palmolive (India), Aavas Financiers, Vodafone Idea, Aditya Birla Sun Life AMC, Coromandel International, Dixon Technologies, Indian Bank, Jindal Saw, Max India, NLC India, RailTel Corporation, Shriram Finance, Symphony, Tata Teleservices, and Westlife Foodworld will be in focus ahead of quarterly earnings on October 26.
The NSE has added Delta Corp to its F&O ban list for October 26, while retaining RBL Bank on the said list.
Market wrap up(DWM,T,N,E):With the decisive breaking of the 20-week EMA as well as August lows, the bears seem to be having a strong hold over the market. Hence if the Nifty50 breaks 19,000 in coming sessions, then 18,800-18,900 can be the levels to watch on the downside which also coincides with the long horizontal resistance trendline and 200-day EMA (exponential moving average), but in case of a bounce back, 19,300 is the immediate resistance, experts said. On October 25, the BSE Sensex was down 523 points at 64,049, while the Nifty50 dropped 160 points to 19,122. “A long bear candle was formed on the daily chart, which signalled a back-to-back sharp decline in the market in the last two sessions. This also indicates a decisive downside breakout of the immediate supports around 19,300-19,250 levels,” Currently, the Nifty is placed at the edge of another weekly support of the long-term trend line at 19120 as per the concept of change in polarity. Hence, he feels the short-term trend of the Nifty continues to be negative. “Having placed at the long-term support at the lows, there is a possibility of a small upside bounce from near 19,100-19,000 levels. A breakdown of 19,000 is likely to open the next downside of 18,600 levels in the near term,” But the fall in broader markets was less compared to benchmarks. The Nifty Midcap 100 and Smallcap 100 indices were down 0.65 percent and 0.24 percent respectively. The market breadth remained in favour of bears as about 1,506 shares declined against rising 593 shares on the NSE.
Nifty:19281.75/-260.9/-1.34%;Candle:OF.Long day red; Bank Nifty:43151.2/-571.85/-1.31% Candle:OGU,Long day red ; HB:1508,OGU,Short day red,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long26%FutCash;252;Opt88%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Axis Bank, Tech Mahindra, Indus Towers, Chalet Hotels, CMS Info Systems, Chennai Petroleum Corporation, Dreamfolks Services, Gulf Oil Lubricants India, Jubilant FoodWorks, Lakshmi Machine Works, Network18 Media & Investments, Rallis India, Asahi Songwon Colors, Aurionpro Solutions, Sona BLW Precision Forgings, Sonata Software, Star Housing Finance, TV18 Broadcast, and Welspun India will be in focus ahead of quarterly earnings on October 25.
The NSE has added RBL Bank to its F&O ban list for October 25, while Indiabulls Housing Finance has been removed from the list.
Market wrap up(DWM,T,N,E):The Nifty has broken below the immediate supports of 19,480 and 19,330 levels in one session. The weekly crucial support of 20-week EMA has been broken on the lower side at 19,340 levels,” On October 23, the Sensex tanked 826 points or 1.26 percent to 64,572 and the Nifty plunged 261 points or 1.34 percent to 19,282 on the escalation in the Israel-Hamas war and rising US bond yields. With the Nifty slipping below the 19,300 mark, the crucial support for the current month, and weak market breadth, the bears seem firmly in control. The index, which formed a long bearish candlestick on the daily charts, is close to the August low of 19,224. If the Nifty slips below it, it can slide to 19,000, followed by 200-day EMA (exponential moving average placed at 18,825), experts said. On the higher side, 19,500-19,600 is expected to be a hurdle, Shetti said.
Nifty:19624.7/-46.4/-0.24%;Candle:OGF,Short day red; Bank Nifty:43754.5/-134.2/-0.31% Candle:OGD,Short day green ; HB:OF,Short day red,1517,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long29%FutCash;-1093;Opt85%
OI data Nifty ( max pain W19650M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
JSW Steel, JSW Energy, One 97 Communications, L&T Finance Holdings, Poonawalla Fincorp, CSB Bank, Atul, Butterfly Gandhimathi Appliances, Central Bank of India, Century Textiles & Industries, CG Power and Industrial Solutions, CreditAccess Grameen, Glenmark Life Sciences, Hindustan Zinc, ICRA, Jammu & Kashmir Bank, Just Dial, and Kajaria Ceramics will be in focus ahead of quarterly earnings on October 20.
ICICI Bank, Kotak Mahindra Bank, RBL Bank, IDBI Bank, Yes Bank, Amber Enterprises India, Anant Raj, Balkrishna Industries, Dodla Dairy, Finolex Industries, Rossari Biotech, Sharda Cropchem and Sterling and Wilson Renewable Energy will release September quarter earnings on October 21.
The NSE has retained Balrampur Chini Mills, Delta Corp, GNFC, Indiabulls Housing Finance, India Cements, Manappuram Finance, and MCX India to its F&O ban list for October 20. Hindustan Copper and SAIL have been removed from the said list.
Market wrap up(DWM,T,N,E):The market witnessed a pullback after opening the gap down and closed well off the day’s low by taking support at the 19,500 area on October 19. Hence, if the said levels of 19,600-19,500 get hold in the coming days, then further pullback towards 19,700-19,800 is most likely, experts said, adding in case the index breaks the support zone, then the correction may be seen towards the 19,300 mark. The BSE Sensex dropped 248 points to 65,629 while the Nifty50 declined 46 points to 19,625 and formed a bullish candlestick pattern with an upper shadow on the daily charts. “On the daily charts, the Nifty has taken support at 19,530–19,500 zones where support in the form of the 61.82 percent Fibonacci retracement level of the previous rise form 19,333–19,850 is placed,” Thursday’s low of 19,512 shall act as a crucial support and until that is not breached on the downside, one can expect the Nifty to witness a pullback towards 19,730-19,800 from a short-term perspective. The broader markets have a mixed trend with the Nifty Midcap 100 index falling 0.1 percent and Smallcap 100 index rising 0.15 percent.
Nifty:19542.65/-82.05/-%;Candle:OF,Doji; Bank Nifty:% Candle:OGD,Short day green ; HB: OF,Short daay green,1528
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long26%FutCash;456;Opt82%
OI data Nifty ( max pain W19600M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Torrent Pharmaceuticals, PNB Housing Finance, Mahindra Logistics, Mahindra Holidays & Resorts India, Lloyds Metals and Energy, Kewal Kiran Clothing, Alok Industries, Aurum PropTech, New Delhi Television, N R Agarwal Industries, and Poddar Housing and Development will release their quarterly earnings on October 23.
The NSE has retained Indiabulls Housing Finance to its F&O ban list for October 23. Balrampur Chini Mills, Delta Corp, GNFC, India Cements, Manappuram Finance, and MCX India have been removed from the said list.
Market wrap up(DWM,T,N,E):The market remained rangebound with a negative bias throughout the session on October 20 and also closed 1 percent down for the week, though the Nifty manages to hold 19,500-19,480, the crucial support area. The sentiment looks weak and if the index breaks the low of last week (19,480), then 19,300 (around the low of the current month) can’t be ruled out, but in case of a rebound, the 19,600-19,800 will be the hurdle on the higher side, experts said. The BSE Sensex fell 232 points to 65,398, while the Nifty50 slipped 82 points to 19,543, forming a Doji candlestick pattern on the daily charts and a long bearish candlestick pattern on the weekly scale. “Normally, the formation of such patterns (Doji) after a reasonable decline or at the supports alerts bulls for a comeback from the lows. But, the confirmation of said pattern by the way of sustainable upside bounce in the subsequent session signal upside bounce in the underlying,” Further, he said after the formation of a Bullish Hammer-type candle and a follow-through up-move in the last two weeks, the formation of the negative candle for the week (ended October 20) may not be a good sign. He feels the short-term trend of Nifty remains negative. “A slide below the immediate support of 19,480 could drag Nifty towards another important support of 19,350 levels in the near term. Immediate resistance is placed around 19,650 levels,” The broader markets were also under pressure on weak breadth. The Nifty Midcap 100 and Smallcap 100 indices were down 1.1 percent and 0.8 percent, respectively.
Nifty:19671.1/-140.4/-0.71%;Candle:of,Long day red; Bank Nifty:43888.7/-520.8/-1.17% Candle:of,Long day red ; HB:OF,Short day ,red,1520
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long29%FutCash;-1831;Opt85%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Hindustan Unilever, ITC, Nestle India, UltraTech Cement, Voltas, Coforge, Cyient, PVR Inox, Aarti Drugs, Agro Tech Foods, Equitas Small Finance Bank, Hatsun Agro Product, Havells India, HFCL, Indoco Remedies, Jindal Stainless, Mastek, Metro Brands, Mphasis, Ramkrishna Forgings, South Indian Bank, Tanla Platforms, Tata Coffee, Tata Communications, United Breweries, and Updater Services will be in focus ahead of quarterly earnings on October 19.
The NSE has retained Balrampur Chini Mills, Delta Corp, GNFC, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, MCX India, and SAIL to its F&O ban list for October 19. BHEL has been removed from the said list.
Market wrap up(DWM,T,N,E):After severe correction on October 18, the market needs to take support at the 19,600-19,550 area, which coincides with the 50-day EMA (exponential moving average) and upward-sloping support trendline. In case of failure, the index may break the previous week’s low of 19,480, whereas, on the higher side, the 19,750-19,850 zone will remain as a resistance for the index, experts said. After the rangebound trade with a positive bias in the previous session, the market turned negative with benchmark indices erasing all the previous day’s gains. The BSE Sensex plummeted 551 points to 65,877, while the Nifty50 plunged 140 points to 19,671 and formed a long bullish candlestick pattern on the daily timeframe with lower high, lower low formation. “A long bear candle was formed on the daily chart, which indicates a Double Top type pattern at 19,840 levels as per daily chart. The Nifty is placed within a broader high low range of 19,840-19,635 levels and is now placed at the edge of a downside breakout of the lower range,” the short-term trend of the Nifty seems to have reversed down, after showing a rangebound action. “Further weakness from here is likely to drag the Nifty down to 19,400-19,350 levels in the near term. Immediate resistance is placed at 19,750 levels,” The broader markets were also under pressure with the Nifty Midcap 100 and Smallcap 100 indices declining 0.9 percent and 0.3 percent respectively on weak breadth. About two shares declined for every rising share on the NSE.
Nifty:19811.5/79.75/0.4%;Candle:OGU,Doji; Bank Nifty:44409.5/183.6/0.42% Candle:OGU ,Doji; HB:OGU,Doji,1543,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long29%FutCash;263;Opt88%
OI data Nifty ( max pain W19800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Wipro, IndusInd Bank, Bajaj Auto, LTIMindtree, Bandhan Bank, ICICI Lombard General Insurance Company, IIFL Finance, 5paisa Capital, Astral, Heritage Foods, Persistent Systems, Polycab India, RPG Life Sciences, Shoppers Stop, Tips Industries, Titagarh Rail Systems, UTI Asset Management Company, and Welspun Investments will be in focus ahead of quarterly earnings on October 18.
The NSE has retained Balrampur Chini Mills, BHEL, Delta Corp, GNFC, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, MCX India, and SAIL to its F&O ban list for October 18. Punjab National Bank, and Sun TV Network were removed from the said list.
Market wrap up(DWM,T,N,E):The BSE Sensex jumped 261 points to 66,428, while the Nifty50 climbed 80 points to 19,812 and formed a bearish candlestick pattern with a minor lower shadow on the daily charts as the closing was lower than opening levels, making higher high, higher low formation after Inside Bar as well as Doji kind of candlestick pattern formation in the previous session. Smaller degree positive chart pattern like higher tops and higher bottoms is intact as per daily timeframe chart. Having formed a new higher bottom at 19,635 on October 13, there is a possibility of Nifty moving above 19,850 levels in the coming session to form another higher top of the sequence,” the short-term trend of Nifty continues to be positive with rangebound action. “Nifty is expected to face the patchy road ahead on the upside, as it could encounter multiple resistances like 19,850 (previous swing high), 19,950 (up trendline hurdle) and 20,115 (previous opening down gap) in the near term,” The broader markets continued their upward journey with the Nifty Midcap 100 and Smallcap 100 indices rising 0.35 percent and 0.88 percent respectively on positive breadth.
Nifty:19731.75/-19.3/-0.1%;Candle:OGD,Doji; Bank Nifty:44225.9/-62.05/-0.14% Candle:OGD,Doji ; HB:OGD,Doji, 1533,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long27%FutCash;-594;Opt87%
OI data Nifty ( max pain W19750M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Bajaj Finance, L&T Technology Services, Can Fin Homes, Happiest Minds Technologies, ICICI Prudential Life Insurance Company, Tata Elxsi, Tata Metaliks, IIFL Securities, CIE Automotive India, Hathway Cable & Datacom, Himadri Speciality Chemical, Newgen Software Technologies, PCBL, Syngene International, Vikas Lifecare, VST Industries, and Zensar Technologies will be in focus ahead of their quarterly earnings scorecard on October 17.
The NSE has added GNFC, and MCX India to its F&O ban list for October 17, while retaining Balrampur Chini Mills, BHEL, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Punjab National Bank, SAIL, and Sun TV Network to the said list. L&T Finance Holdings was removed from the said list.
