Nifty:25250.1/-546.8/-2.12%;Candle:OGD,Long day red; Bank Nifty:51845.2/-1077/-2.04% Candle:OGD,Long day red ; HB:OGD,Long day red,1681
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long66%FutCash;-15243;Opt97%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Granules India, Manappuram Finance
Stocks retained in F&O ban: Bandhan Bank, Birlasoft, Hindustan Copper, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market nosedived by more than 2 percent to 25,250 on the Nifty 50 with above-average volumes, as bears tightened their control over Dalal Street on October 3. The Nifty 50 decisively fell below short-term moving averages and the support trendline, leading experts to believe that further correction can’t be ruled out in the upcoming sessions. The 25,100-25,000 range is the crucial support area to watch on the downside, as falling below it could increase selling pressure. In the event of a rebound, the 25,400-25,500 range is likely to pose a hurdle. The Nifty 50 formed a bearish candlestick pattern on the daily timeframe, continuing its lower tops-lower bottoms formation for the fourth consecutive session. The index has decisively broken below the 20-day moving average, the middle of the Bollinger bands, as well as the support trendline. Additionally, momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) have shown a negative crossover, all of which indicate a negative trend. The Bank Nifty also formed a bearish candlestick pattern on the daily charts, continuing its downtrend and lower highs-lower lows formation for the fourth consecutive session with above-average volumes. The index has also dipped decisively below both the 20-day moving average and the 50-day EMA (Exponential Moving Average). Furthermore, the 5-day EMA has fallen below the 10-day EMA, while the momentum indicators RSI and MACD showed a negative bias, which is also a bearish sign. The index was down by 1,077 points, or 2 percent, at 51,845
