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.
