Nifty:19512.35/-141.15/-0.72%;Candle:OGD,Short day red; Bank Nifty:43886.5/-474.1/-1.07% Candle:OGD,Short day red ; HB:OGD,Short day red,1519,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long27%FutCash;-998;Opt90%
OI data Nifty ( max pain W19550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:GM Breweries will release its earnings scorecard for July-September period on October 10.
The NSE has added L&T Finance Holdings, and MCX India to its F&O ban list for October 10, while retaining Delta Corp, Indiabulls Housing Finance, Manappuram Finance, and Punjab National Bank.
Market wrap up(DWM,T,N,E):The market failed to extend the momentum seen last week and wiped out all the previous two days’ gains on October 9, especially after conflict escalated between Israeli and Palestine, which ultimately boosted oil prices in the international market. The Nifty50 has managed to defend 19,500-19,450 area amid volatility and selling pressure, which if it holds in coming sessions then the resumption of upward rally towards 19,600-19,800 will be seen again, whereas the crucial support for the index remains at 19,300 levels, experts said. The BSE Sensex declined 483 points to 65,512, while the Nifty50 climbed 141 points to 19,512 and formed bearish candlestick pattern with long upper and minor lower shadow on the daily scale. “On the daily charts, we can observe that the positive momentum from the previous week could not continue on Monday and the Nifty has witnessed a correction. We believe that the Nifty is in the process of retracing the rise it has witnessed from 19,333 – 19,676,” On the way down, he feels the support is placed in the 19,500 – 19,460 zone, which coincides with the gap area formed on October 5 and the 61.82 percent Fibonacci retracement level. The Nifty is likely to resume its next leg of up move from the support zone and hence in case of a gap down opening or a dip it should be used as a buying opportunity, he advised. On the broader markets front, the Nifty Midcap 100 and Smallcap 100 indices were down 1.3 percent and 1.8 percent, respectively, on weak breadth, while the volatility index, India VIX jumped sharply by 12.11 percent to 11.40 levels, giving discomfort for bulls.
