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.
