- Nik, Dj, Vix
- Oil, Gold, Bonds, Dollar,
- Nifty:%;Candle:OF,Long day red; Bank Nifty:% Candle:OF,Long day red ; HB:OF,Long day red
- Nifty :Supp Rest
- Banknifty:Supp Rest .
- Gift Nifty:% FII Long23%FutCash;-212;Opt87%
- OI data Nifty ( max pain WM)
- OI data Bank Nifty Nifty(max pain W M)
- News:
- Events/Results:
- Stocks added to F&O ban: Nil
- Stocks retained in F&O ban: Nil
- Stocks removed from F&O ban: Nil
- Market wrap up(DWM,T,N,E):The Nifty 50 rebounded after a couple of days of correction, making a good start to the November series on November 1. The index gained half a percent with very low volume on the Muhurat trading day, closing just above 24,300. For the week, the index snapped a four-week losing streak, defending the previous week’s low, which is a positive sign. It is unlikely to see a major uptrend until it decisively closes above 24,800, the 50-day EMA (Exponential Moving Average), and volatility sees a significant drop. Until then, rangebound trading may continue, with immediate resistance at the 24,450-24,500 zone and support at the 24,000 mark, experts said. The Nifty 50 formed a Doji-like candlestick pattern on the daily charts, indicating indecisive buyers and sellers regarding the future market trend. The index remains below the 10-, 20-, 50-, and 100-day EMAs, which is a negative sign, though the momentum indicator RSI (Relative Strength Index) shows a positive crossover. For the week, the index formed a small bullish candlestick pattern with upper and lower shadows, resembling a Doji-like pattern on the weekly timeframe, while defending the previous week’s low, which is a positive sign. The Bank Nifty formed a bullish candlestick pattern with a small upper shadow on the daily timeframe, climbing above the middle of the Bollinger band, which is a positive sign as long as it sustains above it. It traded within the previous day’s range, rising 199 points to 51,674. On the weekly scale, the index gained 1.75 percent with strong volumes and reported a bullish candlestick pattern with an upper shadow, indicating some selling pressure at higher levels, but it defended the previous week’s low.
Things to note(Traders&Investors): 4 Nov 2024 Mon ,@8.20AM Clone
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