- Nik, Dj, Vix (DJI,NDX;US500)
- Oil, Gold, Bonds, Dollar,
- Nifty:25574.35/82.05/0.32%;Candle:OF;Long day green; Bank Nifty:57937.55/60.75/0.1% Candle: ; HB:OF;Inverted hammer;985;TCSOF;Short day green:;3020;RIL:OF;Inverted hammer;1490;
- Analysis Trend(5Day):Nifty: ; BNF: , HB: ;RL; ;Iny: ;SenX; ;
- Nifty :Supp Rest
- Banknifty:Supp Rest .
- Gift Nifty:% FII Long13%FutCash;-4114;Opt80%
- OI data Nifty ( max pain WM)
- OI data Bank Nifty (max pain W M)
- News:
- Events/Results:
- Stocks added to F&O ban: SAIL
- Stocks retained in F&O ban: Nil
- Stocks removed from F&O ban: Nil
- Market wrap up(DWM,T,N,E):
The Nifty 50 rebounded after a three-day weakness and finished the session one-third of a percent higher on November 10. The index not only stayed above 25,300 but also climbed above the psychological 25,500 zone, thereby negating the lower high–lower low structure of the past six consecutive sessions. If the index manages to hold 25,500, which acts as immediate support, an upward move toward 25,700–25,800 in the upcoming sessions is possible. However, 25,300 is expected to remain a crucial support level, as a decisive break below it could bring bears back into action, experts said. The Nifty 50 formed a bullish candle with an upper shadow on the daily timeframe, indicating a positive bias despite pressure at higher levels. The index tested the short-term moving averages (10- and 20-day EMAs) intraday but could not sustain above them on a closing basis, while it continued to trade well above the medium- and long-term moving averages. The RSI climbed to 52, though it still remained below the reference line. The Stochastic RSI is on the verge of a bullish crossover in the oversold zone, while the MACD continued to exhibit a bearish crossover with the histogram falling further. All these indicators suggest a mild positive bias with potential for further recovery, though some caution is warranted due to mixed momentum signals. The Bank Nifty also formed a bullish candle with an upper shadow on the daily charts, following a Bullish Engulfing–type pattern formation in the previous session. This signals a positive trend despite some pressure at higher levels. The index continued to sustain above all key moving averages as well as the midline of the Bollinger Band. The RSI climbed to 60.71 but still reflected a bearish crossover, while the Stochastic RSI displayed a positive crossover in the oversold zone. The MACD remained below the reference line, with the histogram showing a further decline. All these indicators point toward a positive undertone but also suggest limited momentum at higher levels unless a strong breakout emerges.
