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.
