Nifty:24971.3/-86.05/-0.34%;Candle:OGD,Short day red; Bank Nifty:51801.05/-104.95/-0.2% Candle:OGD,Doji ; HB:OGD,Short day green,1700,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long33%FutCash;-3436;Opt92%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
tocks added to F&O ban: Nil
Stocks retained in F&O ban: Bandhan Bank, Chambal Fertilisers and Chemicals, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Indian Energy Exchange, L&T Finance, 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 extended its downward journey amid rangebound trade for yet another session on October 16, with the Nifty 50 falling below the 25,000 mark, losing 86 points. The index has been trading within a range of 24,900 to 25,200 for the last six days, and it needs to decisively breach either side of this range for a clearer direction. A move above 25,200 could lead to a test of 25,400, while a fall below 24,900 may see the index drop to the 24,800-24,700 zone, according to experts. The Nifty 50 formed a small bearish candle with upper and lower shadows on the daily timeframe, signaling a rangebound session. The index could not sustain above the 50-day EMA (Exponential Moving Average) but defended the 24,900 level on both an intraday and closing basis. Additionally, the volume has remained below average over the last six trading sessions, and on a weekly basis, the index remains within the previous week’s range. The Bank Nifty saw a small bullish candle with an upper shadow on the daily charts, indicating selling pressure at higher levels, but it continued the higher highs-higher lows formation for the third consecutive session, falling 105 points to 51,801. The index managed to defend the 10-day and 50-day EMAs, but it could not hold the 20-day EMA, which is key for further upside. On a weekly basis, it has seen a higher high-higher low formation after two consecutive weeks of lower highs and lower lows.
