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.
