Nifty:24148.2/-51.15/-0.21%;Candle:OF,Short day red; Bank Nifty:51561.36/-355.3/-0.68% Candle:OF ,Long day red ; HB:OF,Short day green,1752,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long34%FutCash;-3404;Opt88%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Manappuram Finance
Stocks retained in F&O ban: Aditya Birla Fashion & Retail, Granules India
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 saw moderate losses amid volatility on November 8, continuing its downtrend for another session. It failed to close above 24,500, a crucial hurdle, during the week and remained below the 10- and 20-week EMAs (Exponential Moving Averages), posting a 0.6 percent decline with above-average volumes, indicating weakness in the market. As a result, the immediate support is placed at 24,000, followed by 23,800 (the previous week’s low), as below these levels, the selling pressure toward 23,500 can’t be ruled out. On the higher side, 24,500 remains the key level to watch, as sustaining above it could drive a sharp rally, experts said.
Nifty:%;Candle:OF,24199.35/284.7/1.16; Bank Nifty:51916.5/-400.9/-0.77% Candle:OGD, ; HB:OGD,1742.
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long25%FutCash;-4889;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: Aditya Birla Fashion & Retail, Granules India
Stocks retained in F&O ban: Nil
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 failed to sustain its northward move, as it shed all of the previous day’s gains and fell more than one percent to close just below 24,200 on November 7. Hence, for the bulls to maintain control over the market, the index needs to climb above all key moving averages. In the upcoming sessions, the index may take immediate support at 24,000, followed by 23,800, which is critical support in the event of further downside. However, on the upside, 24,500 is expected to remain a key hurdle. This suggests the index may trade in the range of 23,800–24,500, experts said. The Nifty 50 formed a long bearish candlestick pattern with a lower high-lower low formation on the daily charts, accompanied by above-average volumes, which is a negative sign. The index remained at the lower band of the Bollinger Bands, while for the week, the index formed a High Wave pattern on the weekly timeframe for another week, indicating indecision among bulls and bears regarding the future market trend. The Bank Nifty also formed a red candle on the daily charts, with a lower top-lower bottom formation on the daily timeframe, falling 401 points to 51,917. However, it sustained above all key moving averages, which is crucial for further uptrend potential. The momentum indicator MACD (Moving Average Convergence Divergence) climbed above the zero line with a positive crossover, indicating a positive sign. Overall, the index has been trading in a broad range of 50,500–52,600 for the past month.
Nifty:24484.05/270.75/1.12%;Candle:OGU,Short day green; Bank Nifty:52317.4/110.15/0.21% Candle:OGU,Doji ; HB:OGU,Short day red,1757
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long26%FutCash;-4445;Opt92%
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 upward trajectory for the second consecutive session and closed more than a percent higher on November 6, following the victory of Republican candidate Donald Trump in the US elections. The gap-up opening and confirmation of the previous day’s Bullish Piercing Line pattern were key drivers. The index now needs to sustain above 24,500, as above this level, the 24,800-25,000 zone can’t be ruled out, considering the increase in volumes and improved sentiment. On the downside, 24,200-24,000 is likely to act as a support zone, according to experts. The Nifty 50 formed a bullish candlestick pattern for another session, with a higher high-higher low formation. The index finally climbed above the 100-day EMA (Exponential Moving Average), below which it had consolidated for more than a couple of weeks. A positive crossover in the momentum indicator, RSI (Relative Strength Index), further supports the bullish outlook. Closing above all key moving averages will add strength to the index. The Bank Nifty showed a bearish candlestick pattern on the daily charts as the index failed to sustain near the 52,500 resistance zone but managed to remain above all key moving averages and the falling resistance trendline, which is a positive sign. The index closed at 52,317 (still slightly below last week’s high), up 110 points.
Nifty:24213.3/217.95/0.91%;Candle:OGD,Long day green; Bank Nifty:52207.25/992/1.94% Candle:OGD,Long day green ; HB:OGD,Long day green,1754
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long27%FutCash;-2569;Opt95%
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 smart rebound in the later part of the session helped the benchmark Nifty 50 recover 1.55 percent from the day’s low and close nearly a percent higher on November 5, after defending the previous day’s low of 23,800. This level (23,800) is expected to act as immediate support for the index, as a decisive fall below it could open doors for a further decline toward the 23,500 level, according to experts. The formation of a Bullish Piercing Line kind of pattern, which is the key driver, could revive market sentiment. However, unless the index closes decisively and sustain above 24,500 (the crucial resistance level), consolidation may continue in the upcoming sessions. The Nifty 50 formed a long bullish candlestick pattern on the daily charts, with above-average volumes, closing above the midpoint of the previous day’s large red candle. This indicates the possibility of a near-term revival in sentiment, though the overall trend remains negative as the index is still trading below the 20-, 50-, and 100-day EMAs (Exponential Moving Averages). The Bank Nifty also formed a large green candlestick pattern, engulfing not only the previous day’s red candle but also the previous four days’ candles. It has decisively moved back above all key moving averages, with above-average volumes, which is a positive sign. The index surged 992 points, or 1.94 percent, to close at 52,207. It needs to sustain above these moving averages for the continuation of the upward rally.
Nifty:23995.35/-309/-1.27%;Candle:OF,Long day red; Bank Nifty:51215.25/-458.65/-0.89% Candle:OF,Long day red ; HB:OF,Long day red,1717
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long24%FutCash;-4330;Opt92%
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 market has decisively broken the consolidation range of the previous eight days on the downside and closed at a three-month low on November 4, falling by more than one percent amid caution ahead of US elections scheduled on November 5. The index tested the August low and traded well below the 20-, 50-, and 100-day EMAs (Exponential Moving Averages), which is a negative sign. Additionally, volatility reached a three-month high. Hence, a correction toward 23,500 (the 200-day EMA) is a likely scenario in the upcoming sessions; however, on the higher side, it may face resistance in the 24,200-24,300 zone, experts said. The Nifty 50 formed a bearish candlestick pattern on the daily timeframe with above-average volumes, continuing the lower highs-lower lows formation, which is a negative sign. The consistent bearish trend indicates that after achieving the first target of the Head and Shoulders Pattern, the index may be falling toward the second target, which is around 23,200. The Bank Nifty reported a long bearish candlestick pattern on the daily charts with above-average volumes, falling below the 20- and 50-day EMAs, which is a negative sign. The lower highs formation continued for the fourth consecutive session, while on the weekly scale, the index closed at the 20-week EMA.
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.
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.
Nifty:24340.85/-126/-0.51%;Candle:OGD,Short day red,; Bank Nifty:51807.5/-513.2/-0.98% Candle:OGD,Short day red, ; HB:OGD,Short day red,1737
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long36%FutCash;-4673;Opt91%
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: IDFC First Bank, IndiaMART InterMESH, Punjab National Bank, RBL Bank
Stocks removed from F&O ban: L&T Finance, Manappuram Finance
Market wrap up(DWM,T,N,E):The market remained consolidative ahead of the monthly expiry of Futures and Options contracts scheduled for October 31, with the Nifty 50 shedding half a percent on October 30 after a rally over the past couple of days. Overall, the index has been in the range of 24,100-24,500 for a week now. Until it breaks this range on either side, the consolidation may continue. A decisive and sustainable trade above 24,500 may start a new leg of upward movement, while a drop below 24,100 could lead to selling pressure that may drag the index toward the August low of 23,900, experts said. The Nifty 50 formed a small bearish candlestick pattern with a long upper shadow on the daily charts, indicating pressure at higher levels. The index remains below the 20-, 50-, and 100-day EMAs, signaling a negative and consolidative trend, while on a weekly basis, the 20-week EMA is crucial for any potential upside. The Bank Nifty appears to be performing better than the Nifty 50 on the charts, as it has held above all key moving averages and sustained within the upper band of the Bollinger Band. However, it saw some profit booking on Wednesday, falling 1 percent to 51,808. Even on the weekly timeframe, the index traded above all key moving averages, which is a positive sign.
Nifty:24457/117.85/0.48%;Candle:OF,Short day green; Bank Nifty:52284.85/1025.55/2% Candle:OGU,Short day green ; HB:OGD,Long day green,1750
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long40%FutCash;-548;Opt94%
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: IDFC First Bank, IndiaMART InterMESH, L&T Finance, Manappuram Finance, Punjab National Bank, RBL Bank
Stocks removed from F&O ban: Dixon Technologies, Escorts Kubota
Market wrap up(DWM,T,N,E):The market extended gains for another session, rising half a percent, but still traded within the previous day’s range and below the 100-day EMA (Exponential Moving Average – 24,475) on a closing basis. This rally was primarily backed by banks on October 29. Therefore, until the Nifty 50 decisively closes above 24,500, further upward movement is challenging. Above this level, the immediate resistance zone to watch is 24,600-24,700, followed by 24,800-24,900. However, support remains in the 24,100-24,000 range, according to experts. The Nifty 50 formed a bullish candlestick pattern with a lower shadow on the daily charts, indicating buying interest at lower levels, with above-average volumes. However, it is still trading below the 20-, 50-, and 100-day EMAs. The momentum indicator RSI (Relative Strength Index) showed a positive crossover, which is a favourable sign. The Bank Nifty recorded a long bullish candlestick pattern on the daily timeframe with above-average volumes for another session, rising 2.07 percent to 52,321. It reached near the 50 percent Fibonacci retracement level (from the record high to the October low). The index decisively climbed above all key moving averages, continuing the higher highs-higher lows formation, and broke out of a falling resistance trendline. Furthermore, the momentum indicators RSI and MACD (Moving Average Convergence Divergence) reported positive crossovers, all of which are positive signs.
Nifty:24339.15/158.35/0.65%;Candle:OGU,Short day green; Bank Nifty:51259.3/471.85/0.93% Candle: OGU,Short day green; HB:OGU,Short day red,1734,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long40%FutCash;-3228;Opt94%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Punjab National Bank
Stocks retained in F&O ban: Dixon Technologies, Escorts Kubota, IDFC First Bank, IndiaMART InterMESH, L&T Finance, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Aarti Industries, Bandhan Bank, NMDC
Market wrap up(DWM,T,N,E):The market sentiment showed some improvement on October 28 after a sharp fall in the previous week, with the Nifty 50 climbing 0.65 percent. However, it still traded below all short- to medium-term key moving averages, indicating that the overall trend remains negative. To continue this upward movement in the upcoming sessions, the index needs to sustain above 24,500, which somewhat coincides with the 100-day EMA (Exponential Moving Average). On the downside, 24,000 is expected to be crucial support; below this level, selling pressure may widen, experts said. The Nifty 50 formed a bullish candlestick pattern with upper and lower shadows on the daily charts, indicating volatility in the index. The momentum indicator RSI (Relative Strength Index) reported a minor uptick after hitting the oversold zone but is still showing a negative bias. Furthermore, the index continues to trade below the 20, 50, and 100-day EMAs, indicating a negative trend. The Bank Nifty reported a bullish candlestick pattern with an upper shadow on the daily charts, indicating pressure at higher levels, although the volume was significantly higher. The index managed to climb above the 100-day EMA but remains below the 20- and 50-day EMAs, as well as the 20-day SMA, all of which are crucial levels for resuming an upward journey.
