Nifty:24971.3/-86.05/-0.34%;Candle:OGD,Short day red; Bank Nifty:51801.05/-104.95/-0.2% Candle:OGD,Doji ; HB:OGD,Short day green,1700,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long33%FutCash;-3436;Opt92%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
tocks added to F&O ban: Nil
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, Manappuram Finance, National Aluminium Company, Punjab National Bank, RBL Bank, SAIL, Tata Chemicals
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market extended its downward journey amid rangebound trade for yet another session on October 16, with the Nifty 50 falling below the 25,000 mark, losing 86 points. The index has been trading within a range of 24,900 to 25,200 for the last six days, and it needs to decisively breach either side of this range for a clearer direction. A move above 25,200 could lead to a test of 25,400, while a fall below 24,900 may see the index drop to the 24,800-24,700 zone, according to experts. The Nifty 50 formed a small bearish candle with upper and lower shadows on the daily timeframe, signaling a rangebound session. The index could not sustain above the 50-day EMA (Exponential Moving Average) but defended the 24,900 level on both an intraday and closing basis. Additionally, the volume has remained below average over the last six trading sessions, and on a weekly basis, the index remains within the previous week’s range. The Bank Nifty saw a small bullish candle with an upper shadow on the daily charts, indicating selling pressure at higher levels, but it continued the higher highs-higher lows formation for the third consecutive session, falling 105 points to 51,801. The index managed to defend the 10-day and 50-day EMAs, but it could not hold the 20-day EMA, which is key for further upside. On a weekly basis, it has seen a higher high-higher low formation after two consecutive weeks of lower highs and lower lows.
Nifty:25057.35/-70.6/-0.28%;Candle:OGU,Short day red; Bank Nifty:51906/89.1/0.17% Candle:OGU,Doji ; HB:OGU,Doji,1686.
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long35%FutCash;-1748;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: Bandhan Bank, L&T Finance
Stocks retained in F&O ban: Chambal Fertilisers and Chemicals, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Indian Energy Exchange, Manappuram Finance, National Aluminium Company, Punjab National Bank, RBL Bank, SAIL, Tata Chemicals
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market reversed some of its previous day’s gains and closed a third of a percent lower on October 15, but defended the 50-day EMA (Exponential Moving Average) with volatility at lower zones and a continuation of the higher highs formation. The Nifty 50 may continue to face hurdles in the 25,200-25,250 zone on the higher side; above this level, a strong rally can’t be ruled out. Until then, consolidation is expected to continue, with immediate support at 25,000, followed by 24,900, according to experts. The Nifty 50 formed a bearish candlestick pattern on the daily timeframe, facing resistance at the 10- and 20-day EMAs. Additionally, there appears to be an ascending triangle formation, which is generally a bullish setup. If the upper horizontal trendline is breached with rising volume, there may be a possibility of further upward movement. The Bank Nifty sustained above the 50-day EMA despite volatility and closed with a gain of 89 points at 51,906, forming a small bearish candle with a small upper shadow and a long lower shadow on the daily charts. The index continued its higher highs-higher lows formation for another session, reaching closer to the 20-day EMA (51,962), which is crucial for further upward movement. The momentum indicator RSI (Relative Strength Index) stands at 49.45 and seems to be inching upward.
Nifty:25127.95/163.7/0.66%;Candle:Of,Long day green; Bank Nifty:51816.9/644.6/1.26% Candle:OF,Long day green ; HB:OF,Long day green,1689,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long35%FutCash;-3732;Opt99%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Indian Energy Exchange, National Aluminium Company, Tata Chemicals
Stocks retained in F&O ban: Chambal Fertilisers and Chemicals, 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 gained strength after a three-day consolidation, climbing seven-tenths of a percent on October 14 with a further decline in volatility. The Nifty 50 formed a bullish candlestick pattern on the daily charts and managed to close above the 50-day EMA (Exponential Moving Average) at 25,050. As long as it sustains above this level, an upward rally towards the 25,200-25,300 range can’t be ruled out, followed by the 25,500-25,600 zone, while crucial support lies at 24,800, according to experts. The Nifty 50 recorded a higher high-higher low formation and closed above the previous week’s high. The index climbed above the 50-day EMA but still traded below the 10-day and 20-day EMAs. The momentum indicator RSI (Relative Strength Index) at 46.54 on the daily charts seems to be climbing towards the 50 mark. The Bank Nifty formed a long bullish candlestick pattern on the daily timeframe and closed above the 10-day and 50-day EMAs, but still below the 20-day EMA and the 50 percent Fibonacci retracement level (52,323), taken from the record high to October low. The momentum indicator RSI (48.64) is also inching towards the 50 mark. The index closed at 51,817, up 645 points or 1.26 percent.
Nifty:24964.25/-34.2/-0.14%;Candle:OF,Doji; Bank Nifty:51172.3/-358.6/-0.7% Candle:OF,Short day red ; HB:OF,Short day red,1651
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long36%FutCash;-4163;Opt96%
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: Chambal Fertilisers and Chemicals, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank, SAIL
Stocks removed from F&O ban: Bandhan Bank, Birlasoft, Tata Chemicals
Market wrap up(DWM,T,N,E):The rangebound trade with a flat close continued for the third consecutive session on October 11. In between, the Nifty 50 could not close above the 50-day EMA (Exponential Moving Average) of 25,050 amid struggles, while on the lower side, it defended the level of 24,900. At the same time, volatility dropped significantly from the week’s high. Hence, if the index manages to climb decisively above the 50-day EMA, an upmove towards 25,200-25,300 cannot be ruled out, with 24,900 as support. If it breaks this support, selling pressure may extend to last week’s low of 24,700, according to experts.The Nifty 50 formed a small bearish candlestick pattern with minor upper and lower shadows on the daily charts, indicating rangebound trade. On the weekly scale, there was a bearish candlestick pattern formation with long upper and lower shadows, resembling a High Wave pattern after a significant bear candle in the previous week, indicating a possible reduction in selling pressure. The Bank Nifty formed a bearish candlestick pattern on the daily charts following a 359-point fall to 51,172, with low volume. However, it continued to trade within last Monday’s range (50,200-51,800) and below the 50-day EMA (51,750-51,800), which coincides with the upper end of Monday’s range. The index was down 290 points for the week and recorded a bearish candle with a minor upper and long lower shadow on the weekly timeframe, indicating buying interest at lower levels while defending the 20-day EMA on a closing basis, which is a positive sign.
Nifty:24998.45/16.5/0.07%;Candle:OGU,Doji; Bank Nifty:51530.9/523.9/1.03% Candle:OGU,Long day green ; HB:OGU,Long day green,1662.4
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long36%FutCash;-4927;Opt95%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Chambal Fertilisers and 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, Tata Chemicals
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market remained within the previous day’s range throughout the session and finished flat with a positive bias amid a mixed trend in global peers on October 10. The falling volatility played a supportive role for the market. Experts expect the consolidation to sustain in the upcoming sessions, with a key hurdle at 25,300 on the higher side; above this, 25,500 is the level to watch. On the lower side, 24,900 is the immediate support, followed by 24,700, which is a crucial support level that may signal the resumption of a new leg of the downtrend.
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.
Nifty:25013.15/217.4/0.88%;Candle:OF,Long day green; Bank Nifty:51021/542.1/1.07% Candle:OGU,Long day green, ; HB:OGU,Long day green,1651,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long43%FutCash;-5730;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: SAIL
Stocks retained in F&O ban: Bandhan Bank, Birlasoft, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market snapped its six-day losing streak on October 8, rising nearly one percent to close just above the 25,000 mark after a 5.6 percent loss from its all-time high. The index formed a bullish candlestick pattern on the daily charts but continued the trend of lower highs. Consolidation is likely to be seen in the upcoming sessions until the index gives a strong close above 25,500, with key support in the 24,750-24,700 zone. If the index sustains above 25,000, immediate resistance on the higher side is likely to be at 25,200-25,300. However, if the index falls below 25,000, 24,800 is the immediate level to watch, according to experts. The Nifty 50 formed an Inside Bar pattern on the daily charts and managed to sustain above the upward-sloping support trendline (connecting lows from June 24, August 5, and October 7), with above-average volumes. The momentum indicators, RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence), showed a positive crossover on the hourly charts, which is a positive sign. However, the 10-day EMA (Exponential Moving Average) has fallen below the 20-day EMA, and the index is still trading below the 50-day EMA.The Bank Nifty formed a Bullish Harami candlestick pattern (though not classical) on the daily charts, which is a positive sign. The index also sustained above the upward-sloping support trendline, rising by 542 points, or 1.07 percent, to 51,021, with a positive crossover in the momentum indicators on the hourly charts. However, the 10-day EMA remains below the 20-day EMA, and the index is still well below both the 50-day EMA and the 20-day SMA.
Nifty:24795.75/-218.85/-0.87%;Candle:OGU,Long day red; Bank Nifty:50478.9/-983.15/-1.91% Candle:OGU,Long day red ; HB:OF,Long day red,1623
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long47%FutCash;-8293;Opt95%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: IDFC First Bank, Punjab National Bank
Stocks retained in F&O ban: Bandhan Bank, Birlasoft, GNFC, Granules India, Hindustan Copper, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The sell-off seems to be unstoppable as the market started the week on a dismal note, with the benchmark indices falling nearly one percent on October 7, continuing the downtrend for the sixth consecutive session, with breadth strongly in favour of bears. The Nifty 50 approached the September low, a crucial support level at 24,750, with above-average volumes. If the index holds this level on a closing basis, a rebound towards the 25,000-25,100 zone is possible, but a decisive break below it could open the doors for an initial drop to the 24,500 level, according to experts. The Nifty 50 formed a long bearish candlestick pattern on the daily charts, with a continuation of lower tops and lower bottoms for the fifth consecutive session. The momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) maintained a negative bias on both the daily and weekly charts. The Bank Nifty also formed a big red candle on the daily timeframe, closing 1.91 percent, or 983 points, lower at 50,479 with significantly higher volumes (the highest since August 30). However, the index managed to defend the September low on a closing basis. It continued its lower highs-lower lows formation for the sixth consecutive session, while the RSI and MACD remained negative on both daily and monthly timeframes. The daily RSI (34.21) was near its oversold level.
Nifty:25049.85/-200.25/-0.76%;Candle:OGD,Short day red; Bank Nifty:51556.4/-288.6/-0.56% Candle:OGD,Short day red ; HB:OGD,Short day red,1663
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long58%FutCash;-9896;Opt98%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: GNFC
Stocks retained in F&O ban: Bandhan Bank, Birlasoft, Granules India, Hindustan Copper, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 plunged nearly 5 percent from its record high and fell 1 percent on October 4. The index closed below its 50-day EMA (Exponential Moving Average) with above-average volumes for the first time in the last four months. According to experts, the overall trend remains in favour of the bears, indicating a “sell on rally” market, though a bounce-back cannot be ruled out given the major downtrend. The 24,750 level is key if the index decisively breaks 25,000 on a closing basis, whereas on the higher side, the hurdle lies at 25,300. The Nifty 50 formed a bearish candlestick pattern with a long upper shadow on the daily timeframe, indicating selling pressure at higher levels for another session. This marks the continuation of the lower highs-lower lows formation for the fourth straight day. The 5-day EMA has now fallen below the 10-day and 20-day EMAs, with a negative bias in the momentum indicator RSI (Relative Strength Index) on both the daily and weekly timeframes. The Bank Nifty recorded a bearish candlestick pattern with a long upper shadow, resembling an Inverted Hammer (not a classical one) on the daily charts. While the Inverted Hammer is a bullish reversal pattern, confirmation will be required in the following session. The index was down 0.74 percent at 51,462 on Friday, continuing its downtrend and lower tops-bottoms formation for the fifth consecutive session, with above-average volumes. For the week, it fell 4.4 percent and formed a long bear candle on the weekly timeframe, closing below both the 5-week and 10-week EMAs. The momentum indicator RSI also showed a negative bias on the daily, weekly, and monthly charts, indicating the overall trend remains negative.
