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.
