Nifty:24205.35/-135.5/-0.56%;Candle:OF,Short day red; Bank Nifty:51475.35/-332.15/-0.64% Candle:OGD,Short day red ; HB:OGD,Doji,1736
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long22%FutCash;-5813;Opt85%
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 maintained its downtrend even on the monthly expiry day, October 31, tracking weakness in global peers. The index dropped more than half a percent, with volumes slightly above average. Trading below all short- to medium-term moving averages is a concern. A decisive break below 24,100, the immediate support, could drag the index down toward 23,900. However, on the upside, 24,500 is expected to act as a key hurdle, experts noted. The Nifty 50 formed a bearish candlestick pattern on the daily charts, showing a lower high-lower low formation and consistently trading below the 20-, 50-, and 100-day EMAs (Exponential Moving Averages). There was also a negative crossover in the momentum indicator RSI (Relative Strength Index). On the weekly scale, the index recorded a small bearish candle with a long upper shadow, indicating selling pressure at higher levels, yet it still held on to the previous week’s low of 24,074. The Bank Nifty sustained a lower top-lower bottom formation and corrected for the second consecutive session with above-average volumes. The index fell by 332 points to 51,475 and dropped below the 20- and 50-day EMAs, forming a bearish candlestick pattern with a long upper and minor lower shadow on the daily charts. However, on the weekly timeframe, the index gained 1.35 percent with above-average volumes and recorded a bullish candlestick pattern with an upper shadow, indicating selling pressure at higher levels.
