Nifty:19624.7/-46.4/-0.24%;Candle:OGF,Short day red; Bank Nifty:43754.5/-134.2/-0.31% Candle:OGD,Short day green ; HB:OF,Short day red,1517,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long29%FutCash;-1093;Opt85%
OI data Nifty ( max pain W19650M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
JSW Steel, JSW Energy, One 97 Communications, L&T Finance Holdings, Poonawalla Fincorp, CSB Bank, Atul, Butterfly Gandhimathi Appliances, Central Bank of India, Century Textiles & Industries, CG Power and Industrial Solutions, CreditAccess Grameen, Glenmark Life Sciences, Hindustan Zinc, ICRA, Jammu & Kashmir Bank, Just Dial, and Kajaria Ceramics will be in focus ahead of quarterly earnings on October 20.
ICICI Bank, Kotak Mahindra Bank, RBL Bank, IDBI Bank, Yes Bank, Amber Enterprises India, Anant Raj, Balkrishna Industries, Dodla Dairy, Finolex Industries, Rossari Biotech, Sharda Cropchem and Sterling and Wilson Renewable Energy will release September quarter earnings on October 21.
The NSE has retained Balrampur Chini Mills, Delta Corp, GNFC, Indiabulls Housing Finance, India Cements, Manappuram Finance, and MCX India to its F&O ban list for October 20. Hindustan Copper and SAIL have been removed from the said list.
Market wrap up(DWM,T,N,E):The market witnessed a pullback after opening the gap down and closed well off the day’s low by taking support at the 19,500 area on October 19. Hence, if the said levels of 19,600-19,500 get hold in the coming days, then further pullback towards 19,700-19,800 is most likely, experts said, adding in case the index breaks the support zone, then the correction may be seen towards the 19,300 mark. The BSE Sensex dropped 248 points to 65,629 while the Nifty50 declined 46 points to 19,625 and formed a bullish candlestick pattern with an upper shadow on the daily charts. “On the daily charts, the Nifty has taken support at 19,530–19,500 zones where support in the form of the 61.82 percent Fibonacci retracement level of the previous rise form 19,333–19,850 is placed,” Thursday’s low of 19,512 shall act as a crucial support and until that is not breached on the downside, one can expect the Nifty to witness a pullback towards 19,730-19,800 from a short-term perspective. The broader markets have a mixed trend with the Nifty Midcap 100 index falling 0.1 percent and Smallcap 100 index rising 0.15 percent.
Nifty:19542.65/-82.05/-%;Candle:OF,Doji; Bank Nifty:% Candle:OGD,Short day green ; HB: OF,Short daay green,1528
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long26%FutCash;456;Opt82%
OI data Nifty ( max pain W19600M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Torrent Pharmaceuticals, PNB Housing Finance, Mahindra Logistics, Mahindra Holidays & Resorts India, Lloyds Metals and Energy, Kewal Kiran Clothing, Alok Industries, Aurum PropTech, New Delhi Television, N R Agarwal Industries, and Poddar Housing and Development will release their quarterly earnings on October 23.
The NSE has retained Indiabulls Housing Finance to its F&O ban list for October 23. Balrampur Chini Mills, Delta Corp, GNFC, India Cements, Manappuram Finance, and MCX India have been removed from the said list.
Market wrap up(DWM,T,N,E):The market remained rangebound with a negative bias throughout the session on October 20 and also closed 1 percent down for the week, though the Nifty manages to hold 19,500-19,480, the crucial support area. The sentiment looks weak and if the index breaks the low of last week (19,480), then 19,300 (around the low of the current month) can’t be ruled out, but in case of a rebound, the 19,600-19,800 will be the hurdle on the higher side, experts said. The BSE Sensex fell 232 points to 65,398, while the Nifty50 slipped 82 points to 19,543, forming a Doji candlestick pattern on the daily charts and a long bearish candlestick pattern on the weekly scale. “Normally, the formation of such patterns (Doji) after a reasonable decline or at the supports alerts bulls for a comeback from the lows. But, the confirmation of said pattern by the way of sustainable upside bounce in the subsequent session signal upside bounce in the underlying,” Further, he said after the formation of a Bullish Hammer-type candle and a follow-through up-move in the last two weeks, the formation of the negative candle for the week (ended October 20) may not be a good sign. He feels the short-term trend of Nifty remains negative. “A slide below the immediate support of 19,480 could drag Nifty towards another important support of 19,350 levels in the near term. Immediate resistance is placed around 19,650 levels,” The broader markets were also under pressure on weak breadth. The Nifty Midcap 100 and Smallcap 100 indices were down 1.1 percent and 0.8 percent, respectively.
Nifty:19671.1/-140.4/-0.71%;Candle:of,Long day red; Bank Nifty:43888.7/-520.8/-1.17% Candle:of,Long day red ; HB:OF,Short day ,red,1520
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long29%FutCash;-1831;Opt85%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Hindustan Unilever, ITC, Nestle India, UltraTech Cement, Voltas, Coforge, Cyient, PVR Inox, Aarti Drugs, Agro Tech Foods, Equitas Small Finance Bank, Hatsun Agro Product, Havells India, HFCL, Indoco Remedies, Jindal Stainless, Mastek, Metro Brands, Mphasis, Ramkrishna Forgings, South Indian Bank, Tanla Platforms, Tata Coffee, Tata Communications, United Breweries, and Updater Services will be in focus ahead of quarterly earnings on October 19.
The NSE has retained Balrampur Chini Mills, Delta Corp, GNFC, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, MCX India, and SAIL to its F&O ban list for October 19. BHEL has been removed from the said list.
Market wrap up(DWM,T,N,E):After severe correction on October 18, the market needs to take support at the 19,600-19,550 area, which coincides with the 50-day EMA (exponential moving average) and upward-sloping support trendline. In case of failure, the index may break the previous week’s low of 19,480, whereas, on the higher side, the 19,750-19,850 zone will remain as a resistance for the index, experts said. After the rangebound trade with a positive bias in the previous session, the market turned negative with benchmark indices erasing all the previous day’s gains. The BSE Sensex plummeted 551 points to 65,877, while the Nifty50 plunged 140 points to 19,671 and formed a long bullish candlestick pattern on the daily timeframe with lower high, lower low formation. “A long bear candle was formed on the daily chart, which indicates a Double Top type pattern at 19,840 levels as per daily chart. The Nifty is placed within a broader high low range of 19,840-19,635 levels and is now placed at the edge of a downside breakout of the lower range,” the short-term trend of the Nifty seems to have reversed down, after showing a rangebound action. “Further weakness from here is likely to drag the Nifty down to 19,400-19,350 levels in the near term. Immediate resistance is placed at 19,750 levels,” The broader markets were also under pressure with the Nifty Midcap 100 and Smallcap 100 indices declining 0.9 percent and 0.3 percent respectively on weak breadth. About two shares declined for every rising share on the NSE.
Nifty:19811.5/79.75/0.4%;Candle:OGU,Doji; Bank Nifty:44409.5/183.6/0.42% Candle:OGU ,Doji; HB:OGU,Doji,1543,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long29%FutCash;263;Opt88%
OI data Nifty ( max pain W19800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Wipro, IndusInd Bank, Bajaj Auto, LTIMindtree, Bandhan Bank, ICICI Lombard General Insurance Company, IIFL Finance, 5paisa Capital, Astral, Heritage Foods, Persistent Systems, Polycab India, RPG Life Sciences, Shoppers Stop, Tips Industries, Titagarh Rail Systems, UTI Asset Management Company, and Welspun Investments will be in focus ahead of quarterly earnings on October 18.
The NSE has retained Balrampur Chini Mills, BHEL, Delta Corp, GNFC, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, MCX India, and SAIL to its F&O ban list for October 18. Punjab National Bank, and Sun TV Network were removed from the said list.
Market wrap up(DWM,T,N,E):The BSE Sensex jumped 261 points to 66,428, while the Nifty50 climbed 80 points to 19,812 and formed a bearish candlestick pattern with a minor lower shadow on the daily charts as the closing was lower than opening levels, making higher high, higher low formation after Inside Bar as well as Doji kind of candlestick pattern formation in the previous session. Smaller degree positive chart pattern like higher tops and higher bottoms is intact as per daily timeframe chart. Having formed a new higher bottom at 19,635 on October 13, there is a possibility of Nifty moving above 19,850 levels in the coming session to form another higher top of the sequence,” the short-term trend of Nifty continues to be positive with rangebound action. “Nifty is expected to face the patchy road ahead on the upside, as it could encounter multiple resistances like 19,850 (previous swing high), 19,950 (up trendline hurdle) and 20,115 (previous opening down gap) in the near term,” The broader markets continued their upward journey with the Nifty Midcap 100 and Smallcap 100 indices rising 0.35 percent and 0.88 percent respectively on positive breadth.
Nifty:19731.75/-19.3/-0.1%;Candle:OGD,Doji; Bank Nifty:44225.9/-62.05/-0.14% Candle:OGD,Doji ; HB:OGD,Doji, 1533,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long27%FutCash;-594;Opt87%
OI data Nifty ( max pain W19750M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Bajaj Finance, L&T Technology Services, Can Fin Homes, Happiest Minds Technologies, ICICI Prudential Life Insurance Company, Tata Elxsi, Tata Metaliks, IIFL Securities, CIE Automotive India, Hathway Cable & Datacom, Himadri Speciality Chemical, Newgen Software Technologies, PCBL, Syngene International, Vikas Lifecare, VST Industries, and Zensar Technologies will be in focus ahead of their quarterly earnings scorecard on October 17.
The NSE has added GNFC, and MCX India to its F&O ban list for October 17, while retaining Balrampur Chini Mills, BHEL, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Punjab National Bank, SAIL, and Sun TV Network to the said list. L&T Finance Holdings was removed from the said list.
Nifty:19751.05/-42.95/-0.22%;Candle:OGD,Short day green; Bank Nifty:44287.95/-311.25/-0.7% Candle:OGD,Doji ; HB:OGD,Short day red,1537,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;317;Opt%
OI data Nifty ( max pain W19750M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:HDFC Bank, Jio Financial Services, Federal Bank, CEAT, ICICI Securities, Bank of Maharashtra, NELCO, Yatra Online, Choice International, Cyient DLM, Indbank Merchant Banking Services, Jai Balaji Industries, Nath Bio-Genes, Oriental Hotels, Selan Exploration Technology, and Tinplate Company of India will be in focus ahead of quarterly earnings on October 16.
The NSE has added SAIL to its F&O ban list for October 16, while retaining Balrampur Chini Mills, BHEL, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, L&T Finance Holdings, Manappuram Finance, Punjab National Bank, and Sun TV Network to the said list.
Market wrap up(DWM,T,N,E):The market is expected to take support at 19,600, which somewhat coincides with the 50-day EMA (exponential moving average) in coming sessions as breaking of the same can trigger major correction, while the 19,800-19,850 area is likely to be critical for march upwards towards 19,900-20,000 levels, experts said. On October 13, the market managed to cut down losses by more than 100 points on the Nifty50 and settled off day’s low, holding the 19,750 on closing and taking support at 19,600 intraday. The BSE Sensex declined 126 points to 66,283, while the Nifty50 fell 43 points to close at 19,751, and formed bullish candlestick pattern on the daily charts. “The bulls were able to protect the level of 19,600 during the day on last Friday, thanks to the strong open interest (OI) build-up at the 19,600 strike price by Put writers. The strength may continue as long as the index remains above 19,600,” only a decisive fall below 19,600 might trigger serious long unwinding in the market, till then a buy on dips strategy will favour the market. On the higher end, the resistance is visible at 19,850, and above 19,850, the index might move towards 20,000, The broader markets also ended moderately lower with the Nifty Midcap 100 and Smallcap 100 indices declining 0.1 percent and 0.4 percent respectively, while the volatility index, VIX, ended flat at 10.62 levels.
Nifty:19794/-17.35/-0.09%;Candle:OF,Doji; Bank Nifty:44599.2/82.3/0.18% Candle:OF,Doji ; HB:OF,Short day green,1547,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long29%FutCash;-1863;Opt93%
OI data Nifty ( max pain W19800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:HDFC Life Insurance Company, Aditya Birla Money, Tata Steel Long Products, Den Networks, Sai Silks (Kalamandir), Som Distilleries & Breweries, Gala Global Products, Gujarat Hotels, Hathway Bhawani Cabletel & Datacom, Premier Capital Services, Amal, Artson Engineering, and Vivanta Industries will be in focus ahead of quarterly earnings on October 13.
The NSE has added BHEL, Delta Corp, and Sun TV Network to its F&O ban list for October 13, while retaining Balrampur Chini Mills, Hindustan Copper, Indiabulls Housing Finance, India Cements, L&T Finance Holdings, Manappuram Finance, and Punjab National Bank to the said list.
Market wrap up(DWM,T,N,E):Equity benchmark indices entered into a consolidation mode after a two-day rally, with the Nifty50 closing a tad below the 19,800 mark with moderate losses on October 12. The index remained in the range of 19,750-19,850 for yet another session, hence the decisive breakout on either of these ranges can give clear direction to the market going forward, experts said. The BSE Sensex fell 65 points to 66,408, while the Nifty50 dropped 17 points to 19,794 and formed a bearish candlestick pattern with minor upper and lower shadows, which resembles the Spinning Top kind of pattern on the daily charts, indicating indecisiveness among bulls and bears about future market trend “Throughout the session on Thursday, the Nifty barely moved outside the previous day’s range. Looking ahead, we can expect the market to continue this rangebound movement until Nifty makes a decisive breakout either above 19,850 or below 19,750,” If the Nifty gives a clear breakout above 19,850, it could potentially propel the index towards 20,000 levels, he feels. The broader markets outperformed benchmark indices with the Nifty Midcap 100 and Smallcap 100 indices climbing 0.2 percent and 0.65 percent respectively. India VIX, which measures the expected volatility for the next 30 days in the Nifty50, dropped for the third straight session, indicating some stability in the equity markets. The VIX fell by 3.34 percent from 10.99 to 10.62 levels.
Events/Results:Infosys, HCL Technologies, HDFC Asset Management Company, Anand Rathi Wealth, Angel One, Tata Metaliks, Facor Alloys, International Travel House, JTL Industries, Kesoram Industries, Kintech Renewables, Roselabs Finance, Shah Metacorp, Sical Logistics, Value Industries, Vandana Knitwear, and Videocon Industries will be in focus ahead of quarterly earnings on October 12
The NSE has added Balrampur Chini Mills, Hindustan Copper, and India Cements to its F&O ban list for October 12, while retaining Indiabulls Housing Finance, L&T Finance Holdings, Manappuram Finance, and Punjab National Bank. However, Delta Corp, and MCX India removed from the said list.
Market wrap up(DWM,T,N,E):The market extended its northward journey for a second consecutive session with the Nifty50 climbing above 19,800, which is on expected lines, on October 11. Hence, if the index sustains the 19,750-19,800 area in the coming sessions, the march towards the 20,000 mark can’t be ruled out, while taking support at 19,600-19,500 levels, experts said. The BSE Sensex jumped 394 points to 66,473, while the Nifty50 rose 122 points to 19,811 and formed a bullish candlestick pattern with a minor upper shadow on the daily charts. “The daily momentum indicator has triggered a positive crossover and hence in case of a dip it should be used as a buying opportunity,” Wednesday’s intraday consolidation is a bullish sign as it sustained the gains. He expects the positive momentum to continue over the next few trading sessions till 19,883 which is the 61.82 percent Fibonacci retracement level of the entire fall from 20,222 to 19,333. On the downside, the gap area formed on Wednesday in the range of 19,718–19,757 is likely to act as short-term support , The broader markets also maintained momentum on positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained half a percent and 0.8 percent respectively, while about two shares advanced for every share rising on the NSE.
Nifty:19689.85/177.5/0.9%;Candle:OGU,Long day green; Bank Nifty:44360.1/473.65/1.08% Candle:OGU,Long day green ; HB:OGU,Doji,1526,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long26%FutCash;-1005;Opt97%
OI data Nifty ( max pain W19650M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Tata Consultancy Services, Delta Corp, Samhi Hotels, Signature Global (India), Zaggle Prepaid Ocean Services, Dipna Pharmachem, Justride Enterprises, National Standard (India), Plastiblends India, and Sanathnagar Enterprises will release the September quarter earnings scorecard on October 11.
The NSE has retained Delta Corp, Indiabulls Housing Finance, L&T Finance Holdings, Manappuram Finance, MCX India, and Punjab National Bank to its F&O ban list for October 11.
Market wrap up(DWM,T,N,E):The market bounced back sharply on October 10 after a day of correction due to geopolitical tensions between Israel and Palestine. The Nifty50 decisively climbed above last week’s high on a closing basis and formed a long bullish candlestick pattern on the daily charts. Hence the strong closing above the 19,700-19,800 area in coming sessions can take the index towards the 20,000 mark, with immediate support at 19,600-19,500 levels and Monday’s low of 19,333 can be bottom in near term, experts said. The BSE Sensex climbed 567 points to 66,079, while the Nifty50 jumped 178 points to 19,690, recouping the entire previous day’s losses. “On the hourly chart, the Nifty has broken out of an Inverted Head and Shoulder’s pattern. In the short term, the index is expected to maintain its strength,” a decisive move above 19,700 levels could potentially propel the index towards the range of 19,850 to 19,900. The support level is situated at 19,600, The Nifty Midcap 100 and Smallcap 100 indices also remained strong on positive breadth, rising 1.4 percent and 1.2 percent respectively. About three shares advanced for every falling share on the NSE.
Nifty:19512.35/-141.15/-0.72%;Candle:OGD,Short day red; Bank Nifty:43886.5/-474.1/-1.07% Candle:OGD,Short day red ; HB:OGD,Short day red,1519,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long27%FutCash;-998;Opt90%
OI data Nifty ( max pain W19550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:GM Breweries will release its earnings scorecard for July-September period on October 10.
The NSE has added L&T Finance Holdings, and MCX India to its F&O ban list for October 10, while retaining Delta Corp, Indiabulls Housing Finance, Manappuram Finance, and Punjab National Bank.
Market wrap up(DWM,T,N,E):The market failed to extend the momentum seen last week and wiped out all the previous two days’ gains on October 9, especially after conflict escalated between Israeli and Palestine, which ultimately boosted oil prices in the international market. The Nifty50 has managed to defend 19,500-19,450 area amid volatility and selling pressure, which if it holds in coming sessions then the resumption of upward rally towards 19,600-19,800 will be seen again, whereas the crucial support for the index remains at 19,300 levels, experts said. The BSE Sensex declined 483 points to 65,512, while the Nifty50 climbed 141 points to 19,512 and formed bearish candlestick pattern with long upper and minor lower shadow on the daily scale. “On the daily charts, we can observe that the positive momentum from the previous week could not continue on Monday and the Nifty has witnessed a correction. We believe that the Nifty is in the process of retracing the rise it has witnessed from 19,333 – 19,676,” On the way down, he feels the support is placed in the 19,500 – 19,460 zone, which coincides with the gap area formed on October 5 and the 61.82 percent Fibonacci retracement level. The Nifty is likely to resume its next leg of up move from the support zone and hence in case of a gap down opening or a dip it should be used as a buying opportunity, he advised. On the broader markets front, the Nifty Midcap 100 and Smallcap 100 indices were down 1.3 percent and 1.8 percent, respectively, on weak breadth, while the volatility index, India VIX jumped sharply by 12.11 percent to 11.40 levels, giving discomfort for bulls.
