Nifty:25049.85/-200.25/-0.76%;Candle:OGD,Short day red; Bank Nifty:51556.4/-288.6/-0.56% Candle:OGD,Short day red ; HB:OGD,Short day red,1663
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long58%FutCash;-9896;Opt98%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: GNFC
Stocks retained in F&O ban: Bandhan Bank, Birlasoft, Granules India, Hindustan Copper, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 plunged nearly 5 percent from its record high and fell 1 percent on October 4. The index closed below its 50-day EMA (Exponential Moving Average) with above-average volumes for the first time in the last four months. According to experts, the overall trend remains in favour of the bears, indicating a “sell on rally” market, though a bounce-back cannot be ruled out given the major downtrend. The 24,750 level is key if the index decisively breaks 25,000 on a closing basis, whereas on the higher side, the hurdle lies at 25,300. The Nifty 50 formed a bearish candlestick pattern with a long upper shadow on the daily timeframe, indicating selling pressure at higher levels for another session. This marks the continuation of the lower highs-lower lows formation for the fourth straight day. The 5-day EMA has now fallen below the 10-day and 20-day EMAs, with a negative bias in the momentum indicator RSI (Relative Strength Index) on both the daily and weekly timeframes. The Bank Nifty recorded a bearish candlestick pattern with a long upper shadow, resembling an Inverted Hammer (not a classical one) on the daily charts. While the Inverted Hammer is a bullish reversal pattern, confirmation will be required in the following session. The index was down 0.74 percent at 51,462 on Friday, continuing its downtrend and lower tops-bottoms formation for the fifth consecutive session, with above-average volumes. For the week, it fell 4.4 percent and formed a long bear candle on the weekly timeframe, closing below both the 5-week and 10-week EMAs. The momentum indicator RSI also showed a negative bias on the daily, weekly, and monthly charts, indicating the overall trend remains negative.
