Nifty:19047.25/190/1.01%;Candle:OGU,Short day green; Bank Nifty:42782/501.85/1.2% Candle:OGU, Short day green; HB:OGU,Doji,1476
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long12%FutCash;-1500;Opt87%
OI data Nifty ( max pain W19050M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:UPL, DLF, TVS Motor, Adani Green Energy, Marico, APL Apollo Tubes, Blue Star, Castrol India, GMR Airports Infrastructure, KPIT Technologies, Nippon Life, Petronet LNG, Ramco Systems, Spandana Sphoorty Financial, Speciality Restaurants, Supreme Industries, and Tube Investments of India will be in focus ahead of quarterly earnings on October 30.
The NSE has not added any stock to its F&O ban list for October 30.
Market wrap up(DWM,T,N,E):The market rebounded sharply after days of relentless selling, with benchmarks Sensex and Nifty closing a percent higher on October 27. Will the indices, which closed the week 2.5 percent lower, hold on to the gains? Unlikely, say experts. Bearish sentiment is expected to prevail and uptrend, if any, is likely to be sold into, experts said. At best the Nifty, which closed at 19,047, may consolidate below 19,500 with major support at 18,800, the low of the previous week, experts said. Selling pressure will intensify if the index slips below 18,800 and can slide to 18,600-18,500. On the higher side, 19,200-19,300 will be the immediate resistance, followed by 19,500. “The index closed significantly below the critical breakdown level of 19,250. As long as it stays below 19,250, the market may continue to be inclined towards selling on any upward movements,” On the downside, weakness will resume if the index falls below 18,800. This is because Put writers are likely to defend the Nifty with substantial positions at 18,800, with immediate support placed at 19,000, he said.
