Nifty:19638.3/114.75/0.59%;Candle:OGU,Doji; Bank Nifty:44584.55/283.6/0.64% Candle:OGU,DOji ; HB:OF,Doji,1528,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long28%FutCash;-1685;Opt91%
OI data Nifty ( max pain W19650M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has not added any stock to its F&O ban list for October 3.
Market wrap up(DWM,T,N,E):The market recouped more than half of its previous day’s losses on September 29, the first day of the October F&O series. The Nifty50 closed within the previous day’s range and formed a bullish candlestick pattern on the daily charts, known commonly as bullish harami pattern, at the downtrend, indicating the possibility of a rise in the coming sessions. The index consistently faced resistance at the 19,750 levels, which is expected to be crucial for further upside going forward, but failure to do the same can drag it towards 19,500 again, experts said. The BSE Sensex climbed 320 points to 65,828, and the Nifty50 gained 115 points to 19,638, after a day of steep fall. “The Nifty has formed a bullish harami candle on the daily chart. The index took support from the 50-day exponential moving average (DEMA) of 19,562 and moved up steadily,” that strong Put writing was observed at the 19,500 and 19,600 strikes that led to an up-move in the Nifty. The 19,500 level on the downside and the 19,800 level on the upside are the two key levels to track in the Nifty, and a decisive break on either side will provide cues about the future direction in the index, The broader markets rebounded sharply with the Nifty Midcap 100 and Smallcap 100 indices rising a percent each on positive breadth, which was in the 2:1 ratio, while the India VIX, which measures the expected volatility for next 30 days in the Nifty50, fell 10.68 percent to 11.45 levels from 12.82 levels, supporting the bullish sentiment. The market was shut on October 2 for Mahatma Gandhi Jayanti.
