Nifty:19545.75/109.65/0.56%;Candle:OGU,Doji; Bank Nifty:44213.35/249.3/0.51% Candle:OGU,Doji ; HB:OGU,Doji,1537,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long26%FutCash;-1864;Opt82%
OI data Nifty ( max pain W19550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Punjab National Bank to its F&O ban list for October 6, while retaining Indiabulls Housing Finance, Delta Corp, and Manappuram Finance to the said list.
Market wrap up(DWM,T,N,E):The market rebounded smartly after couple of days of correction and climbed back above the 19,500 mark on October 5, with formation of bullish candlestick pattern on the Nifty on the daily charts. If the index sustains this uptrend in coming session then it may face hurdle at 19,600-19,700 levels, whereas on the lower side 19,400-19,350 can be key support, The positive signals from PMI data, and fall in oil prices seem to have boosted sentiment, while in terms of sectors, banking & financial services and technology stocks supported the market. The benchmark indices had a gap up opening, with the BSE Sensex rising 406 points at 65,632, and the Nifty50 climbing 110 points to 19,546, ahead of the outcome of Monetary Policy Committee scheduled on October 6. “The opening downside gap of Wednesday and the opening upside gap of Thursday are unfilled, which is indicating a formation of bullish ‘island reversal’ type pattern as per hourly/daily timeframe chart. This is positive indication for the short term and it opens potential upside pattern target of 19726 levels for the short term,” The broader negative chart pattern like lower tops and bottoms is intact as per daily timeframe chart and further upside from here could open chances of new lower top formation, “The display of further strength in current upside bounce could possibly pull Nifty towards 19,726 levels. Any failure to sustain the highs is expected to trigger fresh weakness from the lower highs,” On the broader markets front, the Nifty Midcap 100 index was flat and the Nifty Smallcap 100 index rose 0.6 percent amid positive breadth. The volatility cooled down considerably with the India VIX declining 5.94 percent to 10.94 levels.
