Nifty:19794/-17.35/-0.09%;Candle:OF,Doji; Bank Nifty:44599.2/82.3/0.18% Candle:OF,Doji ; HB:OF,Short day green,1547,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long29%FutCash;-1863;Opt93%
OI data Nifty ( max pain W19800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:HDFC Life Insurance Company, Aditya Birla Money, Tata Steel Long Products, Den Networks, Sai Silks (Kalamandir), Som Distilleries & Breweries, Gala Global Products, Gujarat Hotels, Hathway Bhawani Cabletel & Datacom, Premier Capital Services, Amal, Artson Engineering, and Vivanta Industries will be in focus ahead of quarterly earnings on October 13.
The NSE has added BHEL, Delta Corp, and Sun TV Network to its F&O ban list for October 13, while retaining Balrampur Chini Mills, Hindustan Copper, Indiabulls Housing Finance, India Cements, L&T Finance Holdings, Manappuram Finance, and Punjab National Bank to the said list.
Market wrap up(DWM,T,N,E):Equity benchmark indices entered into a consolidation mode after a two-day rally, with the Nifty50 closing a tad below the 19,800 mark with moderate losses on October 12. The index remained in the range of 19,750-19,850 for yet another session, hence the decisive breakout on either of these ranges can give clear direction to the market going forward, experts said. The BSE Sensex fell 65 points to 66,408, while the Nifty50 dropped 17 points to 19,794 and formed a bearish candlestick pattern with minor upper and lower shadows, which resembles the Spinning Top kind of pattern on the daily charts, indicating indecisiveness among bulls and bears about future market trend “Throughout the session on Thursday, the Nifty barely moved outside the previous day’s range. Looking ahead, we can expect the market to continue this rangebound movement until Nifty makes a decisive breakout either above 19,850 or below 19,750,” If the Nifty gives a clear breakout above 19,850, it could potentially propel the index towards 20,000 levels, he feels. The broader markets outperformed benchmark indices with the Nifty Midcap 100 and Smallcap 100 indices climbing 0.2 percent and 0.65 percent respectively. India VIX, which measures the expected volatility for the next 30 days in the Nifty50, dropped for the third straight session, indicating some stability in the equity markets. The VIX fell by 3.34 percent from 10.99 to 10.62 levels.
