Nifty:24340.85/-126/-0.51%;Candle:OGD,Short day red,; Bank Nifty:51807.5/-513.2/-0.98% Candle:OGD,Short day red, ; HB:OGD,Short day red,1737
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long36%FutCash;-4673;Opt91%
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: IDFC First Bank, IndiaMART InterMESH, Punjab National Bank, RBL Bank
Stocks removed from F&O ban: L&T Finance, Manappuram Finance
Market wrap up(DWM,T,N,E):The market remained consolidative ahead of the monthly expiry of Futures and Options contracts scheduled for October 31, with the Nifty 50 shedding half a percent on October 30 after a rally over the past couple of days. Overall, the index has been in the range of 24,100-24,500 for a week now. Until it breaks this range on either side, the consolidation may continue. A decisive and sustainable trade above 24,500 may start a new leg of upward movement, while a drop below 24,100 could lead to selling pressure that may drag the index toward the August low of 23,900, experts said. The Nifty 50 formed a small bearish candlestick pattern with a long upper shadow on the daily charts, indicating pressure at higher levels. The index remains below the 20-, 50-, and 100-day EMAs, signaling a negative and consolidative trend, while on a weekly basis, the 20-week EMA is crucial for any potential upside. The Bank Nifty appears to be performing better than the Nifty 50 on the charts, as it has held above all key moving averages and sustained within the upper band of the Bollinger Band. However, it saw some profit booking on Wednesday, falling 1 percent to 51,808. Even on the weekly timeframe, the index traded above all key moving averages, which is a positive sign.
Nifty:24457/117.85/0.48%;Candle:OF,Short day green; Bank Nifty:52284.85/1025.55/2% Candle:OGU,Short day green ; HB:OGD,Long day green,1750
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long40%FutCash;-548;Opt94%
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: IDFC First Bank, IndiaMART InterMESH, L&T Finance, Manappuram Finance, Punjab National Bank, RBL Bank
Stocks removed from F&O ban: Dixon Technologies, Escorts Kubota
Market wrap up(DWM,T,N,E):The market extended gains for another session, rising half a percent, but still traded within the previous day’s range and below the 100-day EMA (Exponential Moving Average – 24,475) on a closing basis. This rally was primarily backed by banks on October 29. Therefore, until the Nifty 50 decisively closes above 24,500, further upward movement is challenging. Above this level, the immediate resistance zone to watch is 24,600-24,700, followed by 24,800-24,900. However, support remains in the 24,100-24,000 range, according to experts. The Nifty 50 formed a bullish candlestick pattern with a lower shadow on the daily charts, indicating buying interest at lower levels, with above-average volumes. However, it is still trading below the 20-, 50-, and 100-day EMAs. The momentum indicator RSI (Relative Strength Index) showed a positive crossover, which is a favourable sign. The Bank Nifty recorded a long bullish candlestick pattern on the daily timeframe with above-average volumes for another session, rising 2.07 percent to 52,321. It reached near the 50 percent Fibonacci retracement level (from the record high to the October low). The index decisively climbed above all key moving averages, continuing the higher highs-higher lows formation, and broke out of a falling resistance trendline. Furthermore, the momentum indicators RSI and MACD (Moving Average Convergence Divergence) reported positive crossovers, all of which are positive signs.
Nifty:24339.15/158.35/0.65%;Candle:OGU,Short day green; Bank Nifty:51259.3/471.85/0.93% Candle: OGU,Short day green; HB:OGU,Short day red,1734,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long40%FutCash;-3228;Opt94%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Punjab National Bank
Stocks retained in F&O ban: Dixon Technologies, Escorts Kubota, IDFC First Bank, IndiaMART InterMESH, L&T Finance, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Aarti Industries, Bandhan Bank, NMDC
Market wrap up(DWM,T,N,E):The market sentiment showed some improvement on October 28 after a sharp fall in the previous week, with the Nifty 50 climbing 0.65 percent. However, it still traded below all short- to medium-term key moving averages, indicating that the overall trend remains negative. To continue this upward movement in the upcoming sessions, the index needs to sustain above 24,500, which somewhat coincides with the 100-day EMA (Exponential Moving Average). On the downside, 24,000 is expected to be crucial support; below this level, selling pressure may widen, experts said. The Nifty 50 formed a bullish candlestick pattern with upper and lower shadows on the daily charts, indicating volatility in the index. The momentum indicator RSI (Relative Strength Index) reported a minor uptick after hitting the oversold zone but is still showing a negative bias. Furthermore, the index continues to trade below the 20, 50, and 100-day EMAs, indicating a negative trend. The Bank Nifty reported a bullish candlestick pattern with an upper shadow on the daily charts, indicating pressure at higher levels, although the volume was significantly higher. The index managed to climb above the 100-day EMA but remains below the 20- and 50-day EMAs, as well as the 20-day SMA, all of which are crucial levels for resuming an upward journey.
Nifty:24180.8/-218.6/-0.9%;Candle:OF,Long day red; Bank Nifty:50787.45/-743.7/-1.44% Candle:OGD,Long day red ; HB:OF,short day red,1743,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long37%FutCash;-3037;Opt91%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Dixon Technologies, IDFC First Bank, L&T Finance,
Stocks retained in F&O ban: Aarti Industries, Bandhan Bank, Escorts Kubota, IndiaMART InterMESH, Manappuram Finance, NMDC, RBL Bank
Stocks removed from F&O ban: Indian Energy Exchange, Piramal Enterprises
Market wrap up(DWM,T,N,E):The market sentiment weakened further, with the Nifty 50 decisively breaking below the 100-day EMA (Exponential Moving Average) and falling below 24,200, resulting in nearly a percent loss. This led to the achievement of the first target of the Head and Shoulders pattern on October 25. Hence, experts foresee the index extending its southward journey to reach the August low of 23,894, followed by the 200-day EMA at 23,455 in the upcoming sessions. However, any rebound towards 25,650 (10-day EMA), given the RSI is in oversold territory, is expected to face selling pressure, and a “sell on rally” strategy is advised. The Nifty 50 formed a bearish candlestick pattern on the daily charts, continuing the lower highs-lower lows formation for the fourth consecutive session amid above-average volumes. The index reached closer to the lower end of the Bollinger Band, and the 20-day EMA line fell below the 50-day EMA. The momentum oscillator RSI (Relative Strength Index) dropped below the 30 level, entering the oversold zone. On a weekly scale, the index shed 2.71 percent with a long bearish candle, continuing the formation of lower tops and bottoms for the fourth consecutive week, which is a negative sign.
Nifty:24399.4/-36.1/-0.15%;Candle:OF, Short day red; Bank Nifty:51531.15/292.15/0.57% Candle:OF, Short day green ; HB:OF, Short day green,1751
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long35%FutCash;-5063;Opt93%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Escorts Kubota
Stocks retained in F&O ban: Aarti Industries, Bandhan Bank, Indian Energy Exchange, IndiaMART InterMESH, Manappuram Finance, NMDC, Piramal Enterprises, RBL Bank
Stocks removed from F&O ban: Birlasoft, GNFC
Market wrap up(DWM,T,N,E):The market remained rangebound for another session and closed slightly below 24,400, with marginal losses on the Nifty 50 on October 24, extending its southward journey for the fourth consecutive day. Considering the formation of Inverted Hammer and Doji patterns in the last couple of days, some bounce cannot be ruled out in the upcoming sessions. However, the overall trend remains in favour of the bears; hence, experts advised continuing with a ‘sell on rally’ strategy. On the upside, 24,500-24,600 may serve as resistance for the index, while a break below 24,300 could drag it down sharply. The Nifty 50 formed a Doji-like candlestick pattern on the daily charts, following an Inverted Hammer pattern in the previous session. This comes after a recent fall and generally indicates a potential reversal in trend. However, the lower highs and lows formation has persisted, with the index trading below the 100-day EMA (Exponential Moving Average) and the 20-week EMA. Furthermore, the momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) maintain a negative crossover, indicating weakness in the short term. The Bank Nifty formed a bullish candlestick pattern on the daily timeframe, defending the 100-day EMA and reporting a higher high-higher low formation. However, it remains below the 20-day and 50-day EMAs, as well as the 20-day SMA (Simple Moving Average), which are crucial levels for an upward move. The index was up 292 points at 51,531 but lost 250 points from its day’s high. The momentum indicator RSI showed a positive crossover on Thursday. On the weekly scale, the index fell by 1 percent and formed a bearish candlestick pattern while sustaining the higher highs-higher lows formation for another week.
Nifty:24435.5/-36.6/-0.15%;Candle:OGD,Doji; Bank Nifty:51239/18.15/0.04% Candle:OGD,Doji ; HB:OGD,Long day green,1636
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long33%FutCash;-5684;Opt92%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks retained in F&O ban: Aarti Industries, Bandhan Bank, Birlasoft, GNFC, Indian Energy Exchange, IndiaMART InterMESH, Manappuram Finance, Piramal Enterprises, RBL Bank
Stocks removed from F&O ban: Chambal Fertilisers and Chemicals, L&T Finance, Punjab National Bank
Market wrap up(DWM,T,N,E):The market could not sustain the intraday rally and closed moderately lower at 24,436 on October 23, extending its downfall for the third straight day. The index remained well below the 20-week EMA (24,550) and the 20-week SMA (24,700), which are key hurdles on the higher side. As long as it trades below these levels, consolidation may continue, with immediate support at the 24,400-24,350 zone. If the index breaks this support area, levels of 24,200-24,000 can’t be ruled out in the upcoming sessions, experts said. The Nifty 50 formed a small bullish candlestick pattern with a long upper shadow, resembling a Bullish Inverted Hammer pattern on the daily charts (though not a classical one). This is generally a bullish reversal pattern, but it needs confirmation in the following sessions. The index maintained a lower highs-lower lows formation for another session, with a negative crossover in momentum indicators, continuing to trade below the 100-day EMA (Exponential Moving Average), which is a negative sign. The Bank Nifty also formed a Bullish Inverted Hammer kind of pattern on the daily timeframe (again, not a classical one). The index is near the 100-day EMA (51,100), which is crucial for direction going forward. It fell 18 points to 51,239 with above-average volumes, sustaining below the 20-day and 50-day EMAs, while continuing the lower highs-lower lows formation for another session, which is a negative sign. On the weekly charts, there was a long bearish candle formation, but the index still held above the 20-week EMA (51,206) on a closing basis, down 1.6 percent.
Nifty:24472.1/-309/-1.3%;Candle:OF,Long day red; Bank Nifty:51257.15/-705.55/-1.36% Candle:OF,Long day red ; HB:OF,Long day red,1714.5
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long32%FutCash;-3979;Opt91%
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: Aarti Industries, Bandhan Bank, Birlasoft, Chambal Fertilisers and Chemicals, GNFC, Indian Energy Exchange, IndiaMART InterMESH, L&T Finance, Manappuram Finance, Piramal Enterprises, Punjab National Bank, RBL Bank
Stocks removed from F&O ban: Granules India, Hindustan Copper, IDFC First Bank, SAIL
Market wrap up(DWM,T,N,E):The market nosedived sharply on October 22, breaking crucial support levels and hitting a 10-week low amid the corporate earnings season. The Nifty 50 plunged 1.25 percent to 24,472, decisively falling below the crucial supports at 24,700 and 24,550. Falling below the mid-Bollinger band on a weekly basis is a negative sign. Hence, the immediate support lies at 24,400; below this level, the index may correct to the 24,000-23,900 zone. However, on the higher side, immediate resistance is seen at 24,700, according to experts. The Nifty 50 formed a long bearish candlestick pattern on the daily timeframe, falling below the 100-day EMA (Exponential Moving Average) for the first time since June 4. Further, there was a lower highs-lower lows formation on the weekly charts, indicating the continuation of the downtrend for the fourth consecutive week. The index also dropped below the mid-Bollinger band (24,717) and the 20-week EMA (24,550) on the weekly scale, all of which indicate weakness in the market. The momentum indicators, RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence), showed a negative bias on both the daily and weekly charts. The Bank Nifty recorded a long bearish candle on the daily timeframe with a lower high-low formation, trading below the 20-day SMA (or mid-Bollinger band) and the 50-day EMA, indicating further signs of weakness. The index fell 706 points to 51,257, with above-average volumes. A negative bias was also observed in the momentum indicators on both the daily and weekly scales.
Stocks retained in F&O ban: Aarti Industries, Bandhan Bank, Birlasoft, Chambal Fertilisers and Chemicals, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Indian Energy Exchange, L&T Finance, Punjab National Bank, RBL Bank, SAIL
Stocks removed from F&O ban: National Aluminium Company, Tata Chemicals
Market wrap up(DWM,T,N,E):The market failed to continue its previous day’s upward move on October 21, with the Nifty 50 declining 73 points to 24,781, accompanied by negative overall breadth. The index still traded below the 20- and 50-day EMAs (Exponential Moving Average), which is a negative sign. Sustaining above these EMAs could bring the bulls back into play, but until then, weakness and rangebound trading may continue. A decisive fall below 24,700 could drag the index down to 24,500, a crucial support level, while 25,000 is likely to be immediate resistance on the upside, according to experts. The Nifty 50 formed a bearish candlestick pattern on the daily charts, with the 10-day EMA falling below the 50-day EMA. Momentum indicators remained negative on both the daily and weekly timeframes. The index fell below the 20-week SMA (Simple Moving Average) at 24,700 for another week but managed to defend it on a closing basis. The Bank Nifty also formed a bearish candlestick pattern on the daily timeframe but sustained above all key moving averages. It reported a higher high-higher low formation and a positive crossover in the momentum indicator RSI (Relative Strength Index). The index moved closer to the crucial 52,300 level, which coincides with the 50 percent Fibonacci retracement (from the all-time high to the October low) as well as the 20-day SMA. Sustaining above this level will be crucial for a sharp upward rally. On the weekly scale, the index held above the 10-week EMA with higher highs and higher lows for another week, which is a positive sign. The index fell 132 points to close at 51,963.
Nifty:24854.05/104.2/0.42%;Candle:OGD,Long day green ; Bank Nifty:52094.2/805.4/1.57% Candle:OGD,Long day green ; HB:OGD,Long day green,1682
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long34%FutCash;-5486;Opt97%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Aarti Industries, Birlasoft
Stocks retained in F&O ban: Bandhan Bank, Chambal Fertilisers and Chemicals, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Indian Energy Exchange, L&T Finance, National Aluminium Company, Punjab National Bank, SAIL, Tata Chemicals
Stocks removed from F&O ban: Manappuram Finance, RBL Bank
Market wrap up(DWM,T,N,E):Bulls, with full force, managed to gain control over the market after the bears pulled down the Nifty 50 near the 20-week EMA (Exponential Moving Average) of 24,550 intraday. This snapped a three-day weakness and pushed the index slightly above the 24,850 level on October 18, up 104 points. The index held on to the neckline of a Head and Shoulders pattern (i.e., at 24,670) as well as above the 20-week EMA, which is a positive sign; however, the formation of lower tops and bottoms continued. Hence, if the index decisively closes below these support levels, further sharp selling pressure cannot be ruled out, while immediate resistance is placed at 25,000, followed by 25,200, according to experts. The Nifty 50 reported a bullish candlestick pattern on the daily charts but still traded below the 20- and 50-day EMAs and near the lower band of the Bollinger Band. The continuation of the lower highs-lower lows formation for the third consecutive session was noted. On the weekly timeframe, a High Wave pattern was formed, indicating volatility. The Bank Nifty outperformed the benchmark Nifty 50, rising above all key moving averages with a positive crossover in the momentum indicator RSI (Relative Strength Index). Furthermore, the index formed a bullish candlestick pattern on the daily charts, closing 1.6 percent higher at 52,094 and moving closer to the middle of the Bollinger Band (52,375). On the weekly timeframe, the index climbed back to the middle of the Bollinger Band and formed a bullish candle, negating the lower highs-lower lows pattern, which is a positive sign.
Nifty:24749.85/-221.45/-0.89%;Candle:OF,Long day red; Bank Nifty:51288.8/-512.25/-0.99% Candle:OF,Long day red ; HB:OF,Long day red,1674,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long33%FutCash;-7421;Opt88%
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: Bandhan Bank, Chambal Fertilisers and Chemicals, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Indian Energy Exchange, L&T Finance, Manappuram Finance, National Aluminium Company, Punjab National Bank, RBL Bank, SAIL, Tata Chemicals
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):Bears tightened their grip over the market on October 17, dragging down the benchmark indices near the previous week’s low amid the quarterly earnings season. The Nifty 50 dropped sharply by 221 points to 24,750. The breakdown of the support trendline and the Bearish Flag pattern were key drivers of this decline. If the Nifty 50 decisively breaks 24,700 (the previous week’s low), the next support lies at 24,550 (20-week EMA). However, in the case of a rebound, the immediate resistance zone to watch is 24,800-25,000, experts said. The Nifty 50 exhibited a long bearish candlestick pattern on the daily charts, breaking the long upward-sloping support trendline as well as the Bearish Flag pattern, indicating increased nervousness in the market. The momentum indicators, RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence), maintained a negative bias. The Bank Nifty also formed a bearish candlestick pattern on the daily charts, falling by 512 points to 51,289 with much lower-than-average volumes. In fact, the volumes remained below average for the sixth consecutive session. The index traded below both the 10-day and 50-day EMAs, but still defended the 20-week EMA on a closing basis, which is crucial for further downside.
