Nifty:19122.15/-159.6/-0.83%;Candle:OF,Long day red; Bank Nifty:42832/-319.2/-0.74% Candle:OGU,Long day red ; HB:OGU,Long day red,1494,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long26%FutCash;-4236;Opt89%
OI data Nifty ( max pain W19200M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Asian Paints, ACC, Punjab National Bank, Canara Bank, Colgate-Palmolive (India), Aavas Financiers, Vodafone Idea, Aditya Birla Sun Life AMC, Coromandel International, Dixon Technologies, Indian Bank, Jindal Saw, Max India, NLC India, RailTel Corporation, Shriram Finance, Symphony, Tata Teleservices, and Westlife Foodworld will be in focus ahead of quarterly earnings on October 26.
The NSE has added Delta Corp to its F&O ban list for October 26, while retaining RBL Bank on the said list.
Market wrap up(DWM,T,N,E):With the decisive breaking of the 20-week EMA as well as August lows, the bears seem to be having a strong hold over the market. Hence if the Nifty50 breaks 19,000 in coming sessions, then 18,800-18,900 can be the levels to watch on the downside which also coincides with the long horizontal resistance trendline and 200-day EMA (exponential moving average), but in case of a bounce back, 19,300 is the immediate resistance, experts said. On October 25, the BSE Sensex was down 523 points at 64,049, while the Nifty50 dropped 160 points to 19,122. “A long bear candle was formed on the daily chart, which signalled a back-to-back sharp decline in the market in the last two sessions. This also indicates a decisive downside breakout of the immediate supports around 19,300-19,250 levels,” Currently, the Nifty is placed at the edge of another weekly support of the long-term trend line at 19120 as per the concept of change in polarity. Hence, he feels the short-term trend of the Nifty continues to be negative. “Having placed at the long-term support at the lows, there is a possibility of a small upside bounce from near 19,100-19,000 levels. A breakdown of 19,000 is likely to open the next downside of 18,600 levels in the near term,” But the fall in broader markets was less compared to benchmarks. The Nifty Midcap 100 and Smallcap 100 indices were down 0.65 percent and 0.24 percent respectively. The market breadth remained in favour of bears as about 1,506 shares declined against rising 593 shares on the NSE.
