Nifty:19140.9/93.65/0.49%;Candle:OF.Long day green; Bank Nifty:43039.15/257.15/0.6% Candle:OGDShort day green ; HB:OGD,Short day green
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:12% FII Long%FutCash;-1762;Opt89%
OI data Nifty ( max pain W19100M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Larsen & Toubro, Bharti Airtel, Tata Consumer Products, GAIL (India), Indian Oil Corporation, Arvind, Adani Total Gas, Birlasoft, CARE Ratings, DCB Bank, Five-Star Business Finance, Indiabulls Real Estate, Jindal Steel & Power, Mankind Pharma, Max Financial Services, Motherson Sumi Wiring India, Navin Fluorine International, Nuvoco Vistas Corporation, PNC Infratech, RITES, and VIP Industries will be in focus ahead of September quarter earnings on October 31.
Market wrap up(DWM,T,N,E):The market extended its upward journey for yet another session on October 30, but will that northward move continue in coming sessions? Possibly yes, if the index decisively surpasses its hurdle of 19,250-19,300 area in coming sessions; otherwise the rangebound trade may continue, experts say. The clearing and holding above this resistance of 19,250-19,300 can open doors for 19,500, the 50-day EMA (exponential moving average) given the Nifty50 made higher tops and higher bottoms for yet another session with bullish candlestick pattern on the daily timeframe. But if it fails to sustain above Friday’s close, i.e. 19,050, then it may take support at the 18,900-18,800 area, experts said. The BSE Sensex climbed 330 points to 64,113, while the Nifty50 jumped 94 points to 19,141 and formed a bullish candlestick pattern with a long lower shadow on the daily charts. The index showed a 200-point recovery from the day’s low. “The Nifty index staged a strong recovery with the bulls successfully defending the previous day’s low, ultimately closing at its highest point. Despite a broader negative outlook due to the prevailing downtrend, the possibility of a pullback exists, potentially taking the index to the 19,300 mark,” Kunal Shah, senior technical & derivative analyst at LKP Securities said. The broader markets had a flat closing on the first day of the week, while the volatility index, India VIX rose by 5.36 percent to 11.49 levels which remained in the broad range of 9-13 levels for the past several months.
