Stocks retained in F&O ban: RBL Bank, Sammaan Capital
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 extended its southward journey amid volatility for the second consecutive session, falling 0.32 percent on October 14. Considering that the index stayed above all key moving averages & midline of Bollinger bands, and momentum indicators remain favourable, the overall trend continues to favour the bulls despite the ongoing consolidation. However, if the index breaks below the 25,060 and 24,950 support levels, the bears may take full control. Until then, consolidation and range-bound trading may persist, according to experts. The Nifty 50 formed a long bearish candle with a lower shadow on the daily charts, indicating weakness; however, there was evident buying interest at lower levels. The index sustained above all key moving averages and the midline of the Bollinger Bands, continuing its higher high–higher low formation. The RSI maintained a positive crossover, though it tilted down to 55.08. The MACD also sustained its positive crossover, while the histogram held above the zero line. All of this indicates underlying strength in the trend, despite near-term volatility. The Bank Nifty snapped its four-day winning streak and fell 129 points, forming a small bearish candle with a minor upper shadow and a long lower shadow on the daily charts. This pattern suggests moderate weakness, but also healthy buying interest at lower zones. Notably, the index defended the falling support trendline. It traded above all key moving averages, which are trending upward. Momentum indicators also showed a positive bias. All of this indicates that the index retains strength and resilience, despite the minor dip.
Nifty:25227.5/-58/-0.23%;Candle:OGD;; Bank Nifty:56625/15.25/0.03% Candle:OGD; Short day green; HB:OGD;977;Short day green;TCS;OF;Short day red;3007; RIL;OGD’1376;Doji;
Stocks retained in F&O ban: RBL Bank, Sammaan Capital
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):Bulls took a breather after a two-day rally as the Nifty 50 fell 0.23 percent following a gap-down opening on October 13, driven by renewed US-China trade tensions. However, the broader bullish trend remained intact. The index continued to form a higher high–higher low pattern, supported by healthy momentum indicators. It defended the 25,150–25,200 zone, which can act as immediate support, with 25,000 serving as a key support level. On the higher side, the 25,400–25,500 range is expected to be a key resistance zone. A decisive move above this range could open the door to test the June swing high of 25,670, according to experts. The Nifty 50 formed a bullish candle with minor upper and lower shadows on the daily charts, despite a moderate correction, indicating strong recovery from the day’s low amid volatility. The index traded well above the 20-, 50-, and 100-day EMAs, all of which are trending higher. The MACD maintained its bullish crossover with consistent strength in the histogram. The RSI also held a positive bias, though it tilted down to 58.5, while the Stochastic RSI sustained a bullish crossover. All of this indicates underlying strength and continued positive momentum. The Bank Nifty also formed a bullish candle with a minor upper shadow on the daily timeframe, reflecting buying interest despite some pressure at higher levels. The index stayed above the downward-sloping resistance trendline for another session and continued to trade above all key moving averages. The 20-, 50-, and 100-day EMAs remained upward-trending. Meanwhile, the RSI rose to 66.90, and the MACD remained strong, with continued strength in the histogram. All of this indicates sustained bullish momentum and underlying strength in the index.
Nifty:25285.35/103.55/0.41%;Candle:OF;Long day green; Bank Nifty:56609.75/417.7/0.74% Candle:OF;Long day green ; HB:OGU;Green inverted hammer;982;RIL;OF;Small day green;1381; TCS:OF;Small day red;3028
Market wrap up(DWM,T,N,E):Bulls maintained their hold over the market, decisively driving the Nifty 50 above the 25,200–25,250 zone with a 0.4 percent gain on October 10. Going forward, the index is expected to face resistance at the 25,400–25,450 levels, which will be crucial for its continued upward journey. However, the sharp correction in US counterparts on Friday may impact sentiment in Indian equities on Monday. Still, this is unlikely to alter the broader market trend as long as the Nifty 50 continues to sustain firmly above all key moving averages and the midline of the Bollinger Bands. The 25,000–24,900 range is expected to act as a key support zone in upcoming sessions. A fall below this zone could give the bears an upper hand, according to experts. The Nifty 50 formed a bullish candle with a minor upper shadow on the daily charts, indicating a positive trend despite selling pressure at higher levels. The index remained above all key moving averages and the midline of the Bollinger Bands on both daily and weekly timeframes. The RSI stood at 61, and the MACD maintained a bullish crossover, with further strength seen in the histogram on the daily charts. On the weekly scale, the RSI was at 57.1 with a positive crossover, though the MACD continued to show a negative crossover with the histogram below the zero line. All these indicators suggest underlying strength in the trend, despite mixed signals. The Bank Nifty also formed a bullish candle with a minor upper shadow on the daily timeframe, signalling a bullish trend despite some pressure at higher levels. The index rallied 418 points and closed at the upper Bollinger Band, with the RSI at 66.76. The MACD maintained a bullish crossover with consistent strength in the histogram. However, the Stochastic RSI turned sideways for a couple of sessions, showing a slight negative crossover. Notably, the index decisively closed above the falling resistance trendline (near 56,300). All these factors indicate continued strength with a possibility of further upside, albeit with some caution due to short-term momentum indicators.
Nifty:25181.8/135.65/0.54%;Candle:OF;Short day green; Bank Nifty:56192.05/173.8/0.31% Candle:OF:Short day green ; HB:975;OF;Doji:RIL;OGU;Doji;1377;TCS:OGU;Short day green;3060;
Market wrap up(DWM,T,N,E):The Nifty 50 recouped its previous day’s losses and rallied 136 points on October 9 by consistently defending the 25,000 mark, which is expected to act as the immediate support zone for the index. Overall, the trend remains favourable for bulls despite intermittent consolidation, supported by healthy technical and momentum indicators. Hence, if the index manages to reclaim and sustain above 25,200 — the key immediate resistance — the levels to watch out for would be 25,350–25,450, provided it continues to defend the 25,000–24,900 support zone, according to experts. The Nifty 50 formed a bullish candle with minor upper and lower shadows on the daily timeframe, signalling some volatility but a bullish bias. The index also sustained well above all key moving averages and the midline of the Bollinger Bands. The RSI edged closer to the 60-mark, at 58.03, with a positive crossover. The MACD witnessed a bullish crossover, with further strength in the histogram. All these indicators point to a positive setup for the index. The Bank Nifty rose 174 points and formed a bullish candle with minor upper and lower shadows on the daily charts while defending the previous day’s low, which could act as a support zone in the near term. The banking index also held well above all key moving averages. The MACD continued to maintain its bullish crossover, with the histogram holding firm. The RSI stood at 62.78, sustaining its positive crossover. These signals indicate strength in the index and a continuation of bullish momentum.
Market wrap up(DWM,T,N,E):The Nifty 50 snapped its four-day winning streak and closed 0.25 percent down on profit booking, but managed to defend the 25,000 level, which coincides with the midline of the Bollinger Bands on October 8. The index again faced resistance at 25,200, which seems to be crucial for further upward movement toward the 25,250–25,450 zone. Overall, the trend remains in favour of the bulls, as the index sustained well above all key moving averages. As long as the index stays below 25,200, consolidation may continue with support at 25,000–24,900, according to experts. The Nifty 50 formed a bearish candle with a long upper shadow and a minor lower shadow on the daily charts, indicating profit booking at higher levels. The back-to-back formation of a similar pattern suggests that the bulls are struggling to hold ground beyond key resistance zones. Despite this, the index remains well above all key moving averages, and the RSI still holds a positive crossover, though it has tilted down to 53.75. The MACD is on the verge of a bullish crossover, and the histogram has climbed above the zero line. All of this indicates that the overall trend remains positive, though caution may be needed near resistance levels. The Bank Nifty fell 0.4 percent on profit-taking and formed a small bearish candle with long upper and lower shadows, resembling a high-wave-like candlestick pattern on the daily charts. This signals indecision among bulls and bears. The index stayed above all key moving averages, with both short- and medium-term moving averages trending higher. The MACD maintained its bullish crossover with a strong histogram, while the RSI (at 60.96) also sustained a positive crossover, though it has tilted down. All of this indicates that the overall trend remains bullish, but there is uncertainty in the near term.
Market wrap up(DWM,T,N,E):The Nifty 50 failed to hold its entire intraday gains as well as the 25,200 zone—the day’s high—due to profit booking, and closed 0.12 percent higher on October 7, continuing its upward journey for a fourth straight session. Technical and momentum indicators remained favourable for bulls, with a continuation of the higher top–higher bottom formation. Hence, if the index decisively surpasses this hurdle, the 25,400–25,500 levels are the ones to watch, provided the 25,000–24,900 zone holds as support, according to experts. The Nifty 50 formed a small bullish candle with a long upper shadow, resembling a Shooting Star-like pattern on the daily timeframe following the recent rally. This is typically a bearish reversal pattern, but confirmation in the following session is required. The index stayed well above the midline of the Bollinger Bands. The RSI climbed to 56.19 with a positive crossover. The MACD is on the verge of a bullish crossover, while weakness in the histogram faded further. All of this indicates underlying strength, but caution is warranted due to the potential reversal signal. The Bank Nifty also witnessed profit booking at higher levels, forming a bullish candle with a long upper shadow and a minor lower shadow on the daily chart. The index sustained near the upper Bollinger Band, maintaining its higher high–higher low structure and extending its upward journey for the sixth consecutive session, rising 0.24 percent on Tuesday. The 20-day EMA is on the verge of a bullish crossover with the 50-day EMA, while both short- and medium-term moving averages continued to trend upward. The RSI jumped to 64.68, and the MACD maintained a positive crossover with further strength in the histogram. All of this indicates continued bullish momentum for the Bank Nifty.
Market wrap up(DWM,T,N,E):The Nifty 50 clocked a 0.74 percent rally on October 6, continuing its northward journey and forming a higher high–higher low structure for the third consecutive session, while decisively surpassing key moving averages and the 50 percent retracement of the recent fall. If the index manages to defend the 25,000 mark, which is the immediate support, then the levels to watch in the short term are 25,100 and 25,250. However, on the lower side, 24,900—where the 10-, 20-, and 50-day EMAs converge along with the 38.2 percent Fibonacci retracement—is expected to be a crucial support, according to experts. The Nifty 50 formed a long bullish candle on the daily charts for the third consecutive session. The index surpassed the 10-, 20-, and 50-day EMAs as well as the midline of the Bollinger Bands. The RSI showed a bullish crossover, rising to 55.26. The histogram weakness faded further, suggesting improving momentum. The MACD also showed some improvement, although it remains in a bearish crossover phase. All of this indicates strengthening momentum and growing confidence among traders. The Bank Nifty staged a strong performance with a decisive gap-up opening, forming a bullish candle, and giving a falling resistance trendline breakout with above-average volumes, signalling a positive trend. In fact, it outperformed the benchmark Nifty 50. The 10-day EMA crossed above the 20-, 100-, and 50-day EMAs, indicating short-term strength. The RSI reached 63.42 with a strong bullish crossover. The MACD maintained a positive crossover, with the histogram strengthening further. All of this indicates a continuation of the bullish momentum in the banking index.
Market wrap up(DWM,T,N,E):The Nifty 50 saw follow-up buying interest on October 3, rising 0.2 percent with above-average volumes and sustaining above the 100-day EMA, while forming a green candle on the daily charts. Sentiment improved; however, momentum indicators still need to show bullish crossovers, and the index must surpass and sustain above the midline of the Bollinger Bands to continue its upward journey. The 25,000 level is expected to be a crucial hurdle for any further uptrend toward 25,100–25,250. Until then, consolidation and rangebound trading may persist, with support at 24,600, experts said. The Nifty 50 formed a bullish candle on the daily charts with a higher high–higher low structure for another session, although the broader pattern of lower high–lower low remains intact. The index sustained above the 100-day EMA but needs to reclaim and sustain above the 20-day and 50-day EMAs, as well as the midline of the Bollinger Bands, to confirm a further uptrend. The RSI showed a further uptick but still maintained a negative crossover. The MACD continued to show a bearish crossover, though histogram weakness faded, it remained below the zero line. All these indicators suggest caution, with confirmation of an uptrend still pending. The Bank Nifty continued to outperform the benchmark Nifty 50, rising 0.44 percent, trading above all key moving averages, and moving closer to the downward-sloping resistance trendline, accompanied by above-average volumes. The RSI sustained a bullish crossover, while the MACD also maintained a positive crossover, with the histogram strengthening further. All these indicators suggest continued strength and potential for further gains.
Market wrap up(DWM,T,N,E):The Nifty 50 clocked a nearly 1 percent rally on October 1 as bulls ruled the market after an eight-day struggle, climbing back above the 100-day EMA (24,740). Sentiment definitely improved somewhat after the RBI policy announcement. However, the index needs to surpass and sustain above 25,000 (the midline of the Bollinger Bands and the 50 percent retracement of the recent fall) for a sharp upward journey. Until then, it may see consolidation and range-bound trading, with 24,600 acting as support — a level that has been defended in the previous three sessions, experts said. The Nifty 50 formed a long bullish candle on the daily timeframe with above-average volumes. The index climbed above the 100-day EMA, but remains below the short- and medium-term moving averages. These moving averages have flattened after trending downward during the recent fall. The RSI jumped to 47.23, the Stochastic RSI showed a positive crossover, and the MACD still sustains a bearish crossover, but the histogram indicates that bearish momentum is fading. All this indicates a potential shift in momentum, but confirmation is still required with a move above key resistance levels. The Bank Nifty staged a spectacular rally on Wednesday, forming a strong bullish candle on the daily charts with above-average volumes, and surpassing all key moving averages in a single session. The index also formed a higher high–higher low pattern for another session and reached close to a falling resistance trendline. The RSI and Stochastic RSI showed bullish crossovers, while the MACD also showed a positive crossover, with the histogram moving above the zero line. All this indicates strengthening bullish momentum and a potential breakout if the resistance trendline is crossed.
Market wrap up(DWM,T,N,E):The market experienced a southward journey for the eighth consecutive session, although the selling pressure has eased in the past two days. On September 30, the monthly F&O expiry day, the Nifty 50 fell by 0.1 percent. Technical and momentum indicators continue to signal a negative trend. If the Nifty 50 breaks 24,500—coinciding with the upward-sloping support trendline—the fall may extend toward the August lows in the 24,400–24,300 zone. However, on the upside, the index may face resistance at the 24,700–24,900 levels, according to experts. The Nifty 50 formed a bearish candle with minor upper and lower shadows on the daily timeframe, indicating choppy trade. The index has continued the lower top-lower bottom structure for the eighth straight day, with short- and medium-term moving averages trending downward. The 10-day EMA has fallen below both the 20- and 50-day EMAs. The RSI dropped to 38.13, while the MACD declined below the zero line with a negative crossover. The histogram showed further weakness, indicating that the trend remains bearish. The Bank Nifty gained strength for the second straight session, rising by 175 points on the monthly F&O expiry day. The index formed a bearish candle with upper and lower shadows, resembling a high-wave-like candlestick pattern on the daily charts. This suggests volatility and indecision between bulls and bears for another session. The index is well below the 20-, 50-, and 100-day EMAs, with the 10-day EMA trading below all three. Additionally, the 20-day EMA is on the verge of falling below the 100-day EMA. The RSI at 45.14 showed an uptick but still maintains a bearish crossover, while the MACD continues its bearish crossover, with further weakness in the histogram.
