Nifty:25013.15/217.4/0.88%;Candle:OF,Long day green; Bank Nifty:51021/542.1/1.07% Candle:OGU,Long day green, ; HB:OGU,Long day green,1651,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long43%FutCash;-5730;Opt94%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: SAIL
Stocks retained in F&O ban: Bandhan Bank, Birlasoft, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market snapped its six-day losing streak on October 8, rising nearly one percent to close just above the 25,000 mark after a 5.6 percent loss from its all-time high. The index formed a bullish candlestick pattern on the daily charts but continued the trend of lower highs. Consolidation is likely to be seen in the upcoming sessions until the index gives a strong close above 25,500, with key support in the 24,750-24,700 zone. If the index sustains above 25,000, immediate resistance on the higher side is likely to be at 25,200-25,300. However, if the index falls below 25,000, 24,800 is the immediate level to watch, according to experts. The Nifty 50 formed an Inside Bar pattern on the daily charts and managed to sustain above the upward-sloping support trendline (connecting lows from June 24, August 5, and October 7), with above-average volumes. The momentum indicators, RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence), showed a positive crossover on the hourly charts, which is a positive sign. However, the 10-day EMA (Exponential Moving Average) has fallen below the 20-day EMA, and the index is still trading below the 50-day EMA.The Bank Nifty formed a Bullish Harami candlestick pattern (though not classical) on the daily charts, which is a positive sign. The index also sustained above the upward-sloping support trendline, rising by 542 points, or 1.07 percent, to 51,021, with a positive crossover in the momentum indicators on the hourly charts. However, the 10-day EMA remains below the 20-day EMA, and the index is still well below both the 50-day EMA and the 20-day SMA.
