Nifty:24981.95/-31.2/-0.12%;Candle:OF,; Bank Nifty:51007/-14/-0.03% Candle:OGU ; HB:OGU,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long38%FutCash;-4563;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: Tata Chemicals
Stocks retained in F&O ban: Bandhan Bank, Birlasoft, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank, SAIL
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market faced selling pressure at higher levels and could not sustain intraday gains, with the Nifty 50 falling just below the 25,000 mark, posting moderate losses on October 9. The index negated the lower highs formation seen in the previous six trading sessions on the daily charts but maintained lower tops and bottoms on the weekly charts for another week. Therefore, if the index manages to sustain above the 25,300-25,350 zone, the trend may turn in favour of the bulls; until then, consolidation is likely, with support at 24,700, experts said. The benchmark Nifty 50 formed a small bearish candlestick pattern with a long upper shadow on the daily timeframe, indicating selling pressure at higher levels, although there was a higher high-higher low formation. The index sustained above the upward-sloping support trendline but still traded below the 50-day EMA (Exponential Moving Average), which is crucial for an upward rally. The Bank Nifty also formed a small red candle with a long upper shadow on the daily charts, with above-average volumes during the weekly F&O expiry session, although it reported a higher top-bottom formation and closed moderately lower. Furthermore, the banking index still traded between the 50-day EMA line and the upward-sloping support trendline; breaking either side of this line is crucial for determining the direction going forward.
