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.
