Nifty:19751.05/-42.95/-0.22%;Candle:OGD,Short day green; Bank Nifty:44287.95/-311.25/-0.7% Candle:OGD,Doji ; HB:OGD,Short day red,1537,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;317;Opt%
OI data Nifty ( max pain W19750M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:HDFC Bank, Jio Financial Services, Federal Bank, CEAT, ICICI Securities, Bank of Maharashtra, NELCO, Yatra Online, Choice International, Cyient DLM, Indbank Merchant Banking Services, Jai Balaji Industries, Nath Bio-Genes, Oriental Hotels, Selan Exploration Technology, and Tinplate Company of India will be in focus ahead of quarterly earnings on October 16.
The NSE has added SAIL to its F&O ban list for October 16, while retaining Balrampur Chini Mills, BHEL, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, L&T Finance Holdings, Manappuram Finance, Punjab National Bank, and Sun TV Network to the said list.
Market wrap up(DWM,T,N,E):The market is expected to take support at 19,600, which somewhat coincides with the 50-day EMA (exponential moving average) in coming sessions as breaking of the same can trigger major correction, while the 19,800-19,850 area is likely to be critical for march upwards towards 19,900-20,000 levels, experts said. On October 13, the market managed to cut down losses by more than 100 points on the Nifty50 and settled off day’s low, holding the 19,750 on closing and taking support at 19,600 intraday. The BSE Sensex declined 126 points to 66,283, while the Nifty50 fell 43 points to close at 19,751, and formed bullish candlestick pattern on the daily charts. “The bulls were able to protect the level of 19,600 during the day on last Friday, thanks to the strong open interest (OI) build-up at the 19,600 strike price by Put writers. The strength may continue as long as the index remains above 19,600,” only a decisive fall below 19,600 might trigger serious long unwinding in the market, till then a buy on dips strategy will favour the market. On the higher end, the resistance is visible at 19,850, and above 19,850, the index might move towards 20,000, The broader markets also ended moderately lower with the Nifty Midcap 100 and Smallcap 100 indices declining 0.1 percent and 0.4 percent respectively, while the volatility index, VIX, ended flat at 10.62 levels.
Nifty:19794/-17.35/-0.09%;Candle:OF,Doji; Bank Nifty:44599.2/82.3/0.18% Candle:OF,Doji ; HB:OF,Short day green,1547,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long29%FutCash;-1863;Opt93%
OI data Nifty ( max pain W19800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:HDFC Life Insurance Company, Aditya Birla Money, Tata Steel Long Products, Den Networks, Sai Silks (Kalamandir), Som Distilleries & Breweries, Gala Global Products, Gujarat Hotels, Hathway Bhawani Cabletel & Datacom, Premier Capital Services, Amal, Artson Engineering, and Vivanta Industries will be in focus ahead of quarterly earnings on October 13.
The NSE has added BHEL, Delta Corp, and Sun TV Network to its F&O ban list for October 13, while retaining Balrampur Chini Mills, Hindustan Copper, Indiabulls Housing Finance, India Cements, L&T Finance Holdings, Manappuram Finance, and Punjab National Bank to the said list.
Market wrap up(DWM,T,N,E):Equity benchmark indices entered into a consolidation mode after a two-day rally, with the Nifty50 closing a tad below the 19,800 mark with moderate losses on October 12. The index remained in the range of 19,750-19,850 for yet another session, hence the decisive breakout on either of these ranges can give clear direction to the market going forward, experts said. The BSE Sensex fell 65 points to 66,408, while the Nifty50 dropped 17 points to 19,794 and formed a bearish candlestick pattern with minor upper and lower shadows, which resembles the Spinning Top kind of pattern on the daily charts, indicating indecisiveness among bulls and bears about future market trend “Throughout the session on Thursday, the Nifty barely moved outside the previous day’s range. Looking ahead, we can expect the market to continue this rangebound movement until Nifty makes a decisive breakout either above 19,850 or below 19,750,” If the Nifty gives a clear breakout above 19,850, it could potentially propel the index towards 20,000 levels, he feels. The broader markets outperformed benchmark indices with the Nifty Midcap 100 and Smallcap 100 indices climbing 0.2 percent and 0.65 percent respectively. India VIX, which measures the expected volatility for the next 30 days in the Nifty50, dropped for the third straight session, indicating some stability in the equity markets. The VIX fell by 3.34 percent from 10.99 to 10.62 levels.
Events/Results:Infosys, HCL Technologies, HDFC Asset Management Company, Anand Rathi Wealth, Angel One, Tata Metaliks, Facor Alloys, International Travel House, JTL Industries, Kesoram Industries, Kintech Renewables, Roselabs Finance, Shah Metacorp, Sical Logistics, Value Industries, Vandana Knitwear, and Videocon Industries will be in focus ahead of quarterly earnings on October 12
The NSE has added Balrampur Chini Mills, Hindustan Copper, and India Cements to its F&O ban list for October 12, while retaining Indiabulls Housing Finance, L&T Finance Holdings, Manappuram Finance, and Punjab National Bank. However, Delta Corp, and MCX India removed from the said list.
Market wrap up(DWM,T,N,E):The market extended its northward journey for a second consecutive session with the Nifty50 climbing above 19,800, which is on expected lines, on October 11. Hence, if the index sustains the 19,750-19,800 area in the coming sessions, the march towards the 20,000 mark can’t be ruled out, while taking support at 19,600-19,500 levels, experts said. The BSE Sensex jumped 394 points to 66,473, while the Nifty50 rose 122 points to 19,811 and formed a bullish candlestick pattern with a minor upper shadow on the daily charts. “The daily momentum indicator has triggered a positive crossover and hence in case of a dip it should be used as a buying opportunity,” Wednesday’s intraday consolidation is a bullish sign as it sustained the gains. He expects the positive momentum to continue over the next few trading sessions till 19,883 which is the 61.82 percent Fibonacci retracement level of the entire fall from 20,222 to 19,333. On the downside, the gap area formed on Wednesday in the range of 19,718–19,757 is likely to act as short-term support , The broader markets also maintained momentum on positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained half a percent and 0.8 percent respectively, while about two shares advanced for every share rising on the NSE.
Nifty:19689.85/177.5/0.9%;Candle:OGU,Long day green; Bank Nifty:44360.1/473.65/1.08% Candle:OGU,Long day green ; HB:OGU,Doji,1526,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long26%FutCash;-1005;Opt97%
OI data Nifty ( max pain W19650M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Tata Consultancy Services, Delta Corp, Samhi Hotels, Signature Global (India), Zaggle Prepaid Ocean Services, Dipna Pharmachem, Justride Enterprises, National Standard (India), Plastiblends India, and Sanathnagar Enterprises will release the September quarter earnings scorecard on October 11.
The NSE has retained Delta Corp, Indiabulls Housing Finance, L&T Finance Holdings, Manappuram Finance, MCX India, and Punjab National Bank to its F&O ban list for October 11.
Market wrap up(DWM,T,N,E):The market bounced back sharply on October 10 after a day of correction due to geopolitical tensions between Israel and Palestine. The Nifty50 decisively climbed above last week’s high on a closing basis and formed a long bullish candlestick pattern on the daily charts. Hence the strong closing above the 19,700-19,800 area in coming sessions can take the index towards the 20,000 mark, with immediate support at 19,600-19,500 levels and Monday’s low of 19,333 can be bottom in near term, experts said. The BSE Sensex climbed 567 points to 66,079, while the Nifty50 jumped 178 points to 19,690, recouping the entire previous day’s losses. “On the hourly chart, the Nifty has broken out of an Inverted Head and Shoulder’s pattern. In the short term, the index is expected to maintain its strength,” a decisive move above 19,700 levels could potentially propel the index towards the range of 19,850 to 19,900. The support level is situated at 19,600, The Nifty Midcap 100 and Smallcap 100 indices also remained strong on positive breadth, rising 1.4 percent and 1.2 percent respectively. About three shares advanced for every falling share on the NSE.
Nifty:19512.35/-141.15/-0.72%;Candle:OGD,Short day red; Bank Nifty:43886.5/-474.1/-1.07% Candle:OGD,Short day red ; HB:OGD,Short day red,1519,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long27%FutCash;-998;Opt90%
OI data Nifty ( max pain W19550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:GM Breweries will release its earnings scorecard for July-September period on October 10.
The NSE has added L&T Finance Holdings, and MCX India to its F&O ban list for October 10, while retaining Delta Corp, Indiabulls Housing Finance, Manappuram Finance, and Punjab National Bank.
Market wrap up(DWM,T,N,E):The market failed to extend the momentum seen last week and wiped out all the previous two days’ gains on October 9, especially after conflict escalated between Israeli and Palestine, which ultimately boosted oil prices in the international market. The Nifty50 has managed to defend 19,500-19,450 area amid volatility and selling pressure, which if it holds in coming sessions then the resumption of upward rally towards 19,600-19,800 will be seen again, whereas the crucial support for the index remains at 19,300 levels, experts said. The BSE Sensex declined 483 points to 65,512, while the Nifty50 climbed 141 points to 19,512 and formed bearish candlestick pattern with long upper and minor lower shadow on the daily scale. “On the daily charts, we can observe that the positive momentum from the previous week could not continue on Monday and the Nifty has witnessed a correction. We believe that the Nifty is in the process of retracing the rise it has witnessed from 19,333 – 19,676,” On the way down, he feels the support is placed in the 19,500 – 19,460 zone, which coincides with the gap area formed on October 5 and the 61.82 percent Fibonacci retracement level. The Nifty is likely to resume its next leg of up move from the support zone and hence in case of a gap down opening or a dip it should be used as a buying opportunity, he advised. On the broader markets front, the Nifty Midcap 100 and Smallcap 100 indices were down 1.3 percent and 1.8 percent, respectively, on weak breadth, while the volatility index, India VIX jumped sharply by 12.11 percent to 11.40 levels, giving discomfort for bulls.
Nifty:%;Candle:OGU,Doji; Bank Nifty:% Candle:OGU,Doji ; HB:OGU,Doji,1537,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Punjab National Bank, Indiabulls Housing Finance, Delta Corp, and Manappuram Finance to its F&O ban list for October 9.
Market wrap up(DWM,T,N,E):The market clawed back above 10-day EMA (exponential moving average placed at 19,627) as well as 50-day EMA (19,560) on the Nifty50 after the positive trend in last couple of sessions, and is now on the verge of 20-day EMA (19,662). Once it gets back and sustains above the 20-day EMA, then 19,800 can’t be ruled out, till then 19,600-19,500 is expected to act as a support area, experts said. On October 6, the day of MPC (Monetary Policy Committee) meeting outcome, wherein the status quo on policy rates was maintained with clear focus on arresting inflation within the 4 percent target, the BSE Sensex jumped 364 points to 65,996, while the Nifty50 rose 108 points to 19,654 and formed bullish candlestick pattern with minor upper & lower shadows on the daily charts. “On the daily charts we can observe that the Nifty has managed to close above the 40-day moving average (19,610), which is a bullish sign. On the weekly charts, we can observe that the Nifty has closed in the green and in term of pattern it has formed a Dragonfly Doji, which has bullish implications,” this pullback to continue till 19,778 – 19,800, where resistance in the form of the 50 percent Fibonacci retracement level and the 20-day moving average is placed. In the case of a dip towards 19,530 – 19,580 it should be used as a buying opportunity , Buying was also seen in broader markets on positive breadth, with the Nifty Midcap 100 and Smallcap 100 indices gaining 0.5 percent and 0.8 percent respectively. The fear index, India VIX, dropped to over 2-month low at 10.3 levels, down by 5.57 percent from 10.94 levels, which boosted bulls confidence.
Nifty:19545.75/109.65/0.56%;Candle:OGU,Doji; Bank Nifty:44213.35/249.3/0.51% Candle:OGU,Doji ; HB:OGU,Doji,1537,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long26%FutCash;-1864;Opt82%
OI data Nifty ( max pain W19550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Punjab National Bank to its F&O ban list for October 6, while retaining Indiabulls Housing Finance, Delta Corp, and Manappuram Finance to the said list.
Market wrap up(DWM,T,N,E):The market rebounded smartly after couple of days of correction and climbed back above the 19,500 mark on October 5, with formation of bullish candlestick pattern on the Nifty on the daily charts. If the index sustains this uptrend in coming session then it may face hurdle at 19,600-19,700 levels, whereas on the lower side 19,400-19,350 can be key support, The positive signals from PMI data, and fall in oil prices seem to have boosted sentiment, while in terms of sectors, banking & financial services and technology stocks supported the market. The benchmark indices had a gap up opening, with the BSE Sensex rising 406 points at 65,632, and the Nifty50 climbing 110 points to 19,546, ahead of the outcome of Monetary Policy Committee scheduled on October 6. “The opening downside gap of Wednesday and the opening upside gap of Thursday are unfilled, which is indicating a formation of bullish ‘island reversal’ type pattern as per hourly/daily timeframe chart. This is positive indication for the short term and it opens potential upside pattern target of 19726 levels for the short term,” The broader negative chart pattern like lower tops and bottoms is intact as per daily timeframe chart and further upside from here could open chances of new lower top formation, “The display of further strength in current upside bounce could possibly pull Nifty towards 19,726 levels. Any failure to sustain the highs is expected to trigger fresh weakness from the lower highs,” On the broader markets front, the Nifty Midcap 100 index was flat and the Nifty Smallcap 100 index rose 0.6 percent amid positive breadth. The volatility cooled down considerably with the India VIX declining 5.94 percent to 10.94 levels.
Nifty:19436.1/-92.65/-0.47%;Candle:OGD,Doji; Bank Nifty:43964.05/-435/-0.98% Candle:OGD,Short day red ; HB:OGD,Long day red,1529.
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long25%FutCash;-4424;Opt86%
OI data Nifty ( max pain W19450M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Delta Corp, and Manappuram Finance to its F&O ban list for October 5, while retaining Indiabulls Housing Finance to the said list.
Market wrap up(DWM,T,N,E):The market extended losses for the second consecutive session with the Nifty50 breaking the upward-sloping support trendline and remaining below the 50-day and 20-day EMA (exponential moving average) on October 4. This indicates the possible continuity in short-term weakness, and if the index stays below 19,500, then the fall may reach 19,200, the low of August, while the formation of a Doji-kind of candlestick pattern on the daily charts at the downtrend may increase the chances of bounce-back. And getting back above 19,500 can lift the index towards 19,600-19,700 levels in coming sessions, experts said. The BSE Sensex plummeted 286 points to 65,226, while the Nifty50 declined 93 points to 19,436 and formed a small candle on the daily chart with almost identical open and close and with long lower shadow. Technically, this pattern indicates the formation of a Doji or Hammer-type candle pattern. Normally, the formation of such patterns after a reasonable decline or at the key supports signals a comeback of bulls from the lower levels, after the confirmation. Hence, a sustainable close above 19,500 is expected to confirm a short-term upside bounce for the market, Nagaraj Shetti, technical research analyst at HDFC Securities said. He feels that the short-term trend of the Nifty remains negative. “A decisive close above 19,500 levels could possibly open an upside bounce towards 19,650 levels in the near term. But, the inability to sustain the upside bounce or a decline below 19,330 is likely to trigger fresh weakness for the market ahead,” he said. The Nifty Midcap 100 and Smallcap 100 indices have seen more correction than benchmarks, falling 1.4 percent and 1.25 percent respectively on weak breadth.
Nifty:19638.3/114.75/0.59%;Candle:OGU,Doji; Bank Nifty:44584.55/283.6/0.64% Candle:OGU,DOji ; HB:OF,Doji,1528,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long28%FutCash;-1685;Opt91%
OI data Nifty ( max pain W19650M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has not added any stock to its F&O ban list for October 3.
Market wrap up(DWM,T,N,E):The market recouped more than half of its previous day’s losses on September 29, the first day of the October F&O series. The Nifty50 closed within the previous day’s range and formed a bullish candlestick pattern on the daily charts, known commonly as bullish harami pattern, at the downtrend, indicating the possibility of a rise in the coming sessions. The index consistently faced resistance at the 19,750 levels, which is expected to be crucial for further upside going forward, but failure to do the same can drag it towards 19,500 again, experts said. The BSE Sensex climbed 320 points to 65,828, and the Nifty50 gained 115 points to 19,638, after a day of steep fall. “The Nifty has formed a bullish harami candle on the daily chart. The index took support from the 50-day exponential moving average (DEMA) of 19,562 and moved up steadily,” that strong Put writing was observed at the 19,500 and 19,600 strikes that led to an up-move in the Nifty. The 19,500 level on the downside and the 19,800 level on the upside are the two key levels to track in the Nifty, and a decisive break on either side will provide cues about the future direction in the index, The broader markets rebounded sharply with the Nifty Midcap 100 and Smallcap 100 indices rising a percent each on positive breadth, which was in the 2:1 ratio, while the India VIX, which measures the expected volatility for next 30 days in the Nifty50, fell 10.68 percent to 11.45 levels from 12.82 levels, supporting the bullish sentiment. The market was shut on October 2 for Mahatma Gandhi Jayanti.
Nifty:19528.75/-109.55/-0.56%;Candle:OF,Doji; Bank Nifty:44399.05/-185.5/-0.42% Candle:OF,Doji ; HB:OF,Dojii, 1510,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long24%FutCash;;Opt89%
OI data Nifty ( max pain W19550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Indiabulls Housing Finance to its F&O ban list for October 4.
Market wrap up(DWM,T,N,E):The market lost almost all its previous day’s gains and closed half a percent lower on October 3, but the Nifty50 smartly defended 19,500, which is expected to play a crucial role on either side of the trade. If it closes well below the 19,500 mark, then 19,300-19,200 can be a possibility, but holding the same can again raise hopes for a move towards 19,700-19,800 levels, experts said. The BSE Sensex declined 316 points to 65,512, while the Nifty50 dropped 110 points to 19,529 amid volatility and formed a bearish candlestick pattern with a minor lower shadow on the daily charts, making lower high, lower low formation. The index settled below the 50-day EMA (exponential moving average placed at 19,560). Towards the downside, the index found support at the ascending trendline on the daily chart. The sentiment looks pessimistic for the short term,” Looking ahead, he feels the level of 19,480 is expected to serve as a pivotal “make or break” point. If there is a decisive decline below 19,480, it might trigger heavy selling in the market, he said, adding on the upside, 19,600 will continue to remain a significant resistance level.However, the broader markets outperformed frontline indices, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.2 percent and half a percent respectively.
