Nifty:25057.35/-70.6/-0.28%;Candle:OGU,Short day red; Bank Nifty:51906/89.1/0.17% Candle:OGU,Doji ; HB:OGU,Doji,1686.
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long35%FutCash;-1748;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: Bandhan Bank, L&T Finance
Stocks retained in F&O ban: Chambal Fertilisers and Chemicals, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Indian Energy Exchange, Manappuram Finance, National Aluminium Company, Punjab National Bank, RBL Bank, SAIL, Tata Chemicals
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market reversed some of its previous day’s gains and closed a third of a percent lower on October 15, but defended the 50-day EMA (Exponential Moving Average) with volatility at lower zones and a continuation of the higher highs formation. The Nifty 50 may continue to face hurdles in the 25,200-25,250 zone on the higher side; above this level, a strong rally can’t be ruled out. Until then, consolidation is expected to continue, with immediate support at 25,000, followed by 24,900, according to experts. The Nifty 50 formed a bearish candlestick pattern on the daily timeframe, facing resistance at the 10- and 20-day EMAs. Additionally, there appears to be an ascending triangle formation, which is generally a bullish setup. If the upper horizontal trendline is breached with rising volume, there may be a possibility of further upward movement. The Bank Nifty sustained above the 50-day EMA despite volatility and closed with a gain of 89 points at 51,906, forming a small bearish candle with a small upper shadow and a long lower shadow on the daily charts. The index continued its higher highs-higher lows formation for another session, reaching closer to the 20-day EMA (51,962), which is crucial for further upward movement. The momentum indicator RSI (Relative Strength Index) stands at 49.45 and seems to be inching upward.
