Nifty:26178.95/-37.1/-0.14%;Candle:OF,Short day red; Bank Nifty:53834.3/-541.05/-1.0% Candle:OF,Long day red ; HB:OF,Long day red,1753,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long81%FutCash;-1209;Opt106%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Nil
Stocks retained in F&O ban: Nil
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market snapped its six-day winning streak due to profit booking, with the Nifty 50 closing 37 points lower on September 27, the first day of the October series. However, the index maintained a higher highs-higher lows formation for another session, and volatility hit a fresh two-month low. As long as the index sustains above the 26,000 mark, reaching 26,500 cannot be ruled out in the upcoming sessions, especially after likely consolidation. The crucial support lies in the 25,900-25,800 zone, according to experts. The Nifty 50 formed a bearish candlestick pattern on the daily charts but continued the formation of bullish candlestick patterns on the weekly charts for the third consecutive week. Additionally, the momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) maintained an upward bias, indicating a positive trend ahead. The Bank Nifty recorded a Bearish Belt Hold pattern formation on the daily charts with above-average volumes after a recent sharp uptrend, which is somewhat negative. However, the index still held on to the weekly low on a closing basis, finishing down 541 points at 53,834 on Friday. On the weekly charts, the index saw a Shooting Star-like pattern formation (a bearish reversal pattern) after big green candles in the previous two weeks, signaling some caution given the likely limited upside, though the broader trend remains bullish.
