Nifty:25877.85/-176.05/-0.68%;Candle:OGD;; Bank Nifty:58031.1/-354.1/-0.61% Candle:OGD; ; HB:OGD;Shooting star doji;1000;TCS’:OGD;Short day red;3036;RIL:OGD;Short day red;;1490
Market wrap up(DWM,T,N,E):The Nifty 50 could not see follow-through buying on October 30, losing 0.7 percent to close below the 26,000 mark after the outcome of the Federal Reserve meeting. Given the cautious sentiment, the index may consolidate for a few sessions before the beginning of the next leg of the upmove. If the index stays below 26,000, the consolidation may continue with support at 25,800–25,700, followed by 25,500 as a crucial support level. However, climbing decisively above 26,000 can open the door for the 26,100–26,300 zone, according to experts. The Nifty 50 formed a bearish candle on the daily timeframe and fell below the 5-day EMA, signalling caution. The index still sustained well above the short- and medium-term moving averages; however, the RSI dropped to 64.14 with a bearish crossover. The Stochastic RSI also showed a negative crossover. The MACD maintained a bullish crossover, while the histogram stayed above the zero line but has been falling gradually, signalling fading momentum. All these indicators point to near-term caution despite an overall positive structure. The Bank Nifty also showed action similar to the Nifty, forming a bearish candle with an upper shadow on the daily charts. This action suggests weakness with selling pressure at higher levels. The banking index still sustained above key moving averages, which continue to trend upward. The RSI, at 66.98, and the Stochastic RSI showed a negative crossover, while the histogram remained above the zero line but continued to fall consistently, signalling fading momentum, even though the MACD maintained a bullish crossover. All these factors indicate short-term weakness with potential consolidation at higher levels.
Nifty:26053.9/117.7/0.45%;Candle:OGU;Short day green; Bank Nifty:58385.25/171.15/0.29% Candle:OGU;Doji ; HB:OGU ;Doji;1009;TCS:OGD; Doji;3060;RIL:OGU;Short day green;1504;
Market wrap up(DWM,T,N,E):The Nifty 50 started off the November series on a healthy note, rising 0.45 percent to hit a 13-month closing high on October 29, supported by favourable technical and momentum indicators ahead of the Federal Reserve meeting outcome scheduled for tonight, wherein the central bank cut the benchmark interest rate by 25 basis points to the 3.75–4.00 percent range. The index has consistently held above the 5-day EMA throughout the current month. Experts noted that holding above 26,000 can open the door for a move toward the immediate target of 26,100, followed by 26,300 (near the record high), while the 25,900–25,800 zone can act as a key support area. The Nifty 50 formed a bullish candle with a minor upper shadow on the daily charts with above-average volumes, following a Doji candle formation in the previous session. This indicates a positive trend despite some profit booking near the 26,100 hurdle. The index also sustained well above all key moving averages, which continued to trend upward. Meanwhile, the RSI climbed to 72.43, and the MACD trended higher with its histogram sustaining above the zero line. All these factors indicate continued bullish momentum in the market. The Bank Nifty formed a small bullish candle with a long lower shadow on the daily timeframe, signalling a positive mood with buying interest at lower levels. The key moving averages continued their northward movement, while the RSI, at 74.19, also trended higher. The MACD maintained its bullish bias, with the histogram staying above the zero line. All these signals indicate ongoing strength in the banking index.
Nifty:25936.2/-29.85/-0.11%;Candle:OF;Doji; Bank Nifty:58214.1/99.85/0.17% Candle:OF;Short day green ;58214; HB:OF;Short day green;1005; TCS:OGD;Doji;3060;RIL:OF;Doji;1490;
Market wrap up(DWM,T,N,E):The Nifty 50 closed the monthly F&O expiry session flat with a negative bias and formed an indecisive pattern on October 28. Overall, the bulls still hold the upper hand, supported by healthy technical indicators. Hence, experts believe the benchmark index is gradually expected to reclaim 26,100, followed by 26,300 (near its previous record high) in the upcoming sessions, once it starts trading above the psychological 26,000 mark. On the downside, support is placed in the 25,850–25,800 zone. he Nifty 50 formed a Doji candlestick pattern, indicating indecision among bulls and bears after a bullish candle formation in the previous session. All key moving averages continued to trend higher, with the 5-day EMA acting as support since the start of the current month. The RSI sustained above the 70 zone despite a normal pullback, while the MACD maintained its upward trajectory with the histogram positioned above the zero line. All these factors indicate that the overall bullish structure remains intact despite ongoing consolidation phase. The Bank Nifty formed a bullish candle with a lower shadow on the daily timeframe, signalling a positive bias with buying interest emerging at lower levels. The banking index, which gained 100 points, remained above all key moving averages, with these averages trending upward. The RSI, at 72.88, stayed strong, while the MACD continued its upward journey with the histogram above the zero line. All these indicators suggest that the bullish momentum remains intact, and any dips are likely to attract buying interest.
Nifty:24966.05/170.9/0.66%;Candle:OGU;Short day green; Bank Nifty:58114.25/414.65/0.72% Candle:OGU;Short day green; ; HB:OGU;Short day green; 1004;TCS:OGU;Short day green;3083; RIL:OGU;;Long day green;1483;
Market wrap up(DWM,T,N,E):The Nifty 50 rebounded sharply after a day of profit booking, climbing 171 points on October 27 ahead of the expiry of monthly F&O contracts due on October 28. Friday’s correction could not alter the broader uptrend as key moving averages continued to trend northward and momentum indicators remained healthy. The index reclaimed the 26,000 mark intraday but could not sustain above it. Experts said that if the index manages to stay above this level, then 26,100 is the level to watch, followed by the record high of 26,277, while immediate support is placed at 25,900, followed by 25,800 (around Monday’s low). The Nifty 50 formed a bullish candle with a minor upper shadow on the daily charts, signalling a positive trend despite minor profit-taking at the 26,000 level. The index remained well above all crucial moving averages, which also sustained their northward trajectory. The RSI inched up to 71.49, while the MACD maintained its bullish bias, with the histogram staying above the zero line. All these indicators reflect continued strength in market momentum and support the bullish sentiment in the near term. The Bank Nifty also formed a bullish candle with minor upper and lower shadows on the daily charts, indicating a positive trend despite some volatility. The index rose 415 points. The short- and medium-term averages trended upward. The RSI, at 72.11, which was earlier on the verge of a breakdown, maintained a bullish crossover, while the MACD sustained its positive bias with the histogram above the zero line. However, the Stochastic RSI showed a negative crossover, hinting at possible consolidation in the short term. All these indicators suggest underlying strength, though some near-term volatility cannot be ruled out.
Nifty:25795.15/-96.25/-0.37%;Candle:OGU;Short day red; Bank Nifty:57699.6/378.45/-0.65% Candle:OGU;Long day red; ; HB:OGU;Long day red;996; TCS:OGU;Short day red;3060; RIL:OGU;Doji;1451;
Market wrap up(DWM,T,N,E):The market continued to witness profit booking-led selling pressure for another session, with the Nifty 50 falling 96 points and breaking its six-day winning streak on October 24. This signals a pause in momentum and suggests that the index may have entered a consolidation phase in the short term, possibly before resuming its uptrend. A decisive fall below 25,700, the immediate support, can open the door to 25,500, a crucial support level, which could strengthen bearish momentum. On the higher side, the 25,900–26,000 zone is likely to act as resistance, as sustaining above this range could revive bullish sentiment, experts said. The Nifty 50 formed another long bearish candle with a minor lower shadow on the daily charts, signalling pressure with limited buying at lower levels. The index negated the higher high–higher low formation of the previous six days, though the higher high–higher low structure continued on the weekly charts, accompanied by an expansion in Bollinger Bands. The index remained well above all key moving averages, while the RSI, at 67.92, bent downward, and the Stochastic RSI showed a negative crossover. The MACD sustained its bullish crossover, and the histogram stayed above the zero line, though momentum faded further. All these factors indicate a short-term consolidation despite the broader positive trend. The Bank Nifty also displayed a lower high–lower low structure on Friday, after hitting a fresh record high followed by profit booking on Thursday. The banking index formed a bearish candle with a lower shadow on the daily timeframe, indicating that selling pressure persisted with limited buying interest at lower levels. Meanwhile, it remained well above all key moving averages, with the short- and medium-term averages still trending higher. However, the RSI, at 68.69, is on the verge of a breakdown, while the Stochastic RSI has shown a bearish crossover. The MACD continued to maintain a positive crossover, and the histogram stayed above the zero line, though momentum has gradually been fading. All these factors indicate emerging some weakness within the ongoing bullish structure.
Nifty:25891.4/22.8/0.09%;Candle:OGU;Short day red; Bank Nifty:58078.05/70.85/0.12% Candle:OGU;Short day red ; HB:OGU;Inverted hammer;1007;TCS:OGU;Short day green;3070;RIL:OGU;Long day red;1448;
Market wrap up(DWM,T,N,E):The Nifty 50 surpassed the psychological 26,000 mark intraday for the first time since September 30 but could not sustain that level at the close due to profit booking on October 23. The index wiped out an over 200-point rally before ending with moderate gains, thereby sustaining its northward journey for the sixth consecutive session. The uptrend remains intact despite the formation of a bearish candlestick pattern. Experts note that as long as the index defends the 25,700 zone support, the upmove toward the 26,000–26,100 hurdle cannot be ruled out, followed by the record high of 26,277 — the crucial resistance level beyond which the index would enter uncharted territory. The Nifty 50 formed a bearish candlestick pattern with a minor upper shadow on the daily timeframe, indicating profit-booking-led pressure at higher levels. However, the higher high–higher low formation remains intact. The index continues to trade well above its crucial moving averages, while the RSI stays in the bullish territory, suggesting underlying strength in momentum despite the day’s corrective move. All these factors indicate continued positivity and resilience in the broader trend. The Bank Nifty also witnessed profit booking after surpassing 58,500 intraday, closing with 71 points of gains and hitting a fresh record high of 58,577 during the session. The index formed a bearish candle with a long upper shadow and a minor lower shadow on the daily charts, signalling selling pressure and intraday volatility. Despite this, the index maintained its higher top–higher bottom formation, with all crucial moving averages trending upward. The RSI surged to 76.64, while the MACD sustained a positive crossover, reflecting continued bullish momentum. All these indicators point toward ongoing strength in the banking space despite near-term volatility.
Market wrap up(DWM,T,N,E):The market continued its upward journey for the fifth consecutive day on October 21, closing 25 points higher amid volatility with a healthy market breadth. The technical and momentum indicators remained quite strong, with a consistent higher high-higher low structure, even after a significant rally since the start of the current month. Hence, the index is expected to face a hurdle at 26,000, as decisively surpassing this level could open the door for a move to 26,200-26,300 (which coincides with the record high of 26,277 seen in September 2024) in the upcoming sessions, provided the index defends support in the 25,750-25,700 zone, according to experts. The Nifty 50 formed a bearish candle with minor upper and lower shadows on the daily charts, indicating volatility, but remained at the upper Bollinger Band. The index maintained its higher high-higher low structure, with all key moving averages trending northward. The RSI, at 72.26, and the MACD sustained their upward momentum, with the histogram strengthening. All this indicates continued positive sentiment. The Bank Nifty also traded near the upper Bollinger Band, though it formed a small bearish candle with minor upper and lower shadows on the daily timeframe within the previous day’s range. All key moving averages trended upward, while the RSI remained well above the 70 mark, at 76.17. The MACD continued its northward trajectory, with the histogram staying above the zero line. This suggests sustained positive momentum.
Nifty:25709.85/124.55/0.49%;Candle:OGD;Short day green; Bank Nifty:57713.35/290.8/0.51% Candle:OF;Short day green ; HB:OF;Short day green;1000.6;RIL:OGU;Long day green;1419.7;TCS:OF;Doji;2963
Market wrap up(DWM,T,N,E):With a healthy and consistent three-day rally, the Nifty 50 not only smartly surpassed the falling resistance trendline but also cleared the June swing high hurdle. It closed above 25,700 with a 0.5 percent gain on October 17, thereby strengthening confidence among market participants well ahead of the Diwali celebration week. Experts believe that the index now appears poised for a strong bull run. If it closes and sustains above the long bearish gap of October 3, 2024 (25,740), the first target to watch will be 26,000, followed by 26,200–26,300. This zone coincides with the record high of 26,277, last seen on September 27, 2023. On the downside, immediate support is placed at 25,500. The Nifty 50 formed a long bullish candle with minor upper and lower shadows on the daily chart, indicating a positive bias despite minor volatility. The index continued its higher high–higher low structure with above-average volumes and traded well above all key moving averages, which are trending upward. Momentum indicators also remained strong, with the RSI soaring to 69.34 and the MACD trending northward with a rising histogram. All these signals indicate continued bullish momentum. The Bank Nifty entered uncharted territory on Friday by ending at a new record closing high, forming a bullish candle on the daily timeframe. This came with a continuation of the higher top–higher bottom formation. All key moving averages were seen trending northward, while the RSI jumped to 74.66 and the MACD stayed upward with a strengthening histogram. These factors collectively signal strong bullish strength in the banking space.
Nifty:25585.3/261.75/1.03%;Candle:OGU;Long day green; Bank Nifty:57422.55/622.65/1.1% Candle:OGU;Long day green ; HB:OGU;Long day green; 994;TCS;OF;Doji;2970;Reliane:OGD;Long day green;1398′
Market wrap up(DWM,T,N,E):Bulls maintained their strong hold over the market for another session, lifting the Nifty 50 index 1 percent higher on October 16. The index achieved its highest closing level since June this year, supported by bullish technical and momentum indicators. Experts believe this may reflect a pre-Diwali celebration mood on the Street, which is expected to help the index reach this year’s high of 25,669 soon, followed by 26,000, a crucial resistance level before the record high hurdle. However, the 25,400–25,300 range can act as a support zone. The Nifty 50 formed a long bullish candle on the daily charts after a gap-up opening, moving straight above the downward-sloping resistance trendline (which can now act as a support trendline), signalling a positive trend. Key moving averages continued to trend upward, while the RSI rose to 66.82, and the MACD maintained its upward trajectory with a bullish crossover and a strengthening histogram. All these factors indicate continued bullish momentum. The Bank Nifty also formed a bullish candle with minor upper and lower shadows on the daily charts, indicating a bullish bias despite some volatility. The index continued its higher high–higher low structure, and approached very close to its record high of 57,628 after Thursday’s gap-up opening. Key moving averages remained upward sloping, with strength in the RSI (72.64) and a bullish MACD setup. All of this indicates strong upward momentum in the index.
Nifty:25323.55/178.05/0.71%;Candle:OGU;Short day green; Bank Nifty:56799.9/303.45/0.54% Candle:OF;Short day green; ; HB:OGD;979;Inverted hammer green TCS;OF;Doji;2970; RIL:OGU;1375;Short day red;
Market wrap up(DWM,T,N,E):Bulls staged a strong comeback, driving the Nifty 50 higher by 0.71 percent on October 15, after a couple of days of consolidation. This took the index almost near the falling resistance trendline. The continuation of the higher high-higher low formation and healthy momentum indicators suggest that the index is gradually set to inch toward 24,400-24,500, the September swing high. Beyond that, 25,670 is the crucial hurdle to watch, which could open the door for a record high. However, 25,150 is expected to be immediate support, followed by 25,050, which forms the key support zone, according to experts. The Nifty 50 formed a long bullish candle with minor upper and lower shadows on the daily timeframe, indicating a positive trend despite moderate volatility. The index sustained above all key moving averages, with the short- and medium-term moving averages trending upward. The RSI climbed above the 60 zone to 60.49, while the MACD sustained its bullish crossover, with the histogram turning strong. All these factors indicate a continued positive outlook. The Bank Nifty also had a strong bounce back after a day of consolidation, completing the 78.6 percent Fibonacci retracement from the record high (July) to the September low. This resulted in the formation of a bullish candle on the daily charts, signalling a positive trend. The banking index saw a half percent rally and sustained well above all key moving averages, which were trending northward. Meanwhile, the momentum indicators—RSI and MACD—showed a positive bias. All these factors suggest a continuation of the upward movement.
