Nifty:19230.6/97.35/0.5%;Candle:OGU,Doji; Bank Nifty:43318.25/310.05/0.7% Candle:OGU, ; HB:OGU,Short day red,1484,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-12;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Divis Laboratories, Bharat Forge, Hindustan Petroleum Corporation, FSN E-Commerce Ventures (Nykaa), Adani Energy Solutions, Bajaj Electricals, Emami, Exide Industries, Gland Pharma, NHPC, Sobha, Sun Pharma Advanced Research Company, TVS Supply Chain Solutions and Varun Beverages will be in focus ahead of quarterly earnings on November 6.
The NSE has retained GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) to its F&O ban list for November 6.
Market wrap up(DWM,T,N,E):The market extended an uptrend for the second consecutive session on November 3, but considering it is at the crucial hurdle of the 19,200-19,300 area, which had acted as a strong support area in August before getting into a sharp rally in September, and also there is a continuation of tug-of-war between bulls and bears for firm direction, will it be able to extend uptrend from here on? Yes, it is possible only if the index surpasses and holds the 19,300 mark, then 19,500-19,600 can be the next possible resistance area for the index, whereas, on the downside, 19,000-18,900 seems to be the key support zone, experts said. On November 3, the BSE Sensex jumped 283 points to 64,364 while the Nifty50 was up 97 points at 19,231 and formed a Spinning Top kind of candlestick pattern on the daily charts, indicating indecisiveness among buyers and sellers about future trends. “Nifty is likely to trade in the range of 19,000 to 19,300 with sideways to positive bias. A decisive breakthrough of upper range value will take such advance for 19,500, while on the downside, a sustainable fall below the psychological mark 19,000 will trigger more selling for 18,800-18,700,” The index has reached closer to the resistance zone of multiple moving averages now (20, 100 and 50-day EMA). “We need a decisive close above 19,500 to negate the bearish tone and inch towards 19,850 levels. On the downside, the 18,800-19,000 zone would offer support in case the decline resumes,” Ajit Mishra, SVP – Technical Research at Religare Broking said. The broader markets also continued an uptrend, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.7 percent and 1.2 percent respectively, on positive breadth. About two shares advanced for every falling share on the NSE.
