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.
