Nifty:24964.25/-34.2/-0.14%;Candle:OF,Doji; Bank Nifty:51172.3/-358.6/-0.7% Candle:OF,Short day red ; HB:OF,Short day red,1651
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long36%FutCash;-4163;Opt96%
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: Chambal Fertilisers and Chemicals, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank, SAIL
Stocks removed from F&O ban: Bandhan Bank, Birlasoft, Tata Chemicals
Market wrap up(DWM,T,N,E):The rangebound trade with a flat close continued for the third consecutive session on October 11. In between, the Nifty 50 could not close above the 50-day EMA (Exponential Moving Average) of 25,050 amid struggles, while on the lower side, it defended the level of 24,900. At the same time, volatility dropped significantly from the week’s high. Hence, if the index manages to climb decisively above the 50-day EMA, an upmove towards 25,200-25,300 cannot be ruled out, with 24,900 as support. If it breaks this support, selling pressure may extend to last week’s low of 24,700, according to experts.The Nifty 50 formed a small bearish candlestick pattern with minor upper and lower shadows on the daily charts, indicating rangebound trade. On the weekly scale, there was a bearish candlestick pattern formation with long upper and lower shadows, resembling a High Wave pattern after a significant bear candle in the previous week, indicating a possible reduction in selling pressure. The Bank Nifty formed a bearish candlestick pattern on the daily charts following a 359-point fall to 51,172, with low volume. However, it continued to trade within last Monday’s range (50,200-51,800) and below the 50-day EMA (51,750-51,800), which coincides with the upper end of Monday’s range. The index was down 290 points for the week and recorded a bearish candle with a minor upper and long lower shadow on the weekly timeframe, indicating buying interest at lower levels while defending the 20-day EMA on a closing basis, which is a positive sign.
Nifty:24998.45/16.5/0.07%;Candle:OGU,Doji; Bank Nifty:51530.9/523.9/1.03% Candle:OGU,Long day green ; HB:OGU,Long day green,1662.4
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long36%FutCash;-4927;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: Chambal Fertilisers and Chemicals
Stocks retained in F&O ban: Bandhan Bank, Birlasoft, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank, SAIL, Tata Chemicals
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market remained within the previous day’s range throughout the session and finished flat with a positive bias amid a mixed trend in global peers on October 10. The falling volatility played a supportive role for the market. Experts expect the consolidation to sustain in the upcoming sessions, with a key hurdle at 25,300 on the higher side; above this, 25,500 is the level to watch. On the lower side, 24,900 is the immediate support, followed by 24,700, which is a crucial support level that may signal the resumption of a new leg of the downtrend.
Nifty:24981.95/-31.2/-0.12%;Candle:OF,; Bank Nifty:51007/-14/-0.03% Candle:OGU ; HB:OGU,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long38%FutCash;-4563;Opt93%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Tata Chemicals
Stocks retained in F&O ban: Bandhan Bank, Birlasoft, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank, SAIL
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market faced selling pressure at higher levels and could not sustain intraday gains, with the Nifty 50 falling just below the 25,000 mark, posting moderate losses on October 9. The index negated the lower highs formation seen in the previous six trading sessions on the daily charts but maintained lower tops and bottoms on the weekly charts for another week. Therefore, if the index manages to sustain above the 25,300-25,350 zone, the trend may turn in favour of the bulls; until then, consolidation is likely, with support at 24,700, experts said. The benchmark Nifty 50 formed a small bearish candlestick pattern with a long upper shadow on the daily timeframe, indicating selling pressure at higher levels, although there was a higher high-higher low formation. The index sustained above the upward-sloping support trendline but still traded below the 50-day EMA (Exponential Moving Average), which is crucial for an upward rally. The Bank Nifty also formed a small red candle with a long upper shadow on the daily charts, with above-average volumes during the weekly F&O expiry session, although it reported a higher top-bottom formation and closed moderately lower. Furthermore, the banking index still traded between the 50-day EMA line and the upward-sloping support trendline; breaking either side of this line is crucial for determining the direction going forward.
Nifty:25013.15/217.4/0.88%;Candle:OF,Long day green; Bank Nifty:51021/542.1/1.07% Candle:OGU,Long day green, ; HB:OGU,Long day green,1651,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long43%FutCash;-5730;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: SAIL
Stocks retained in F&O ban: Bandhan Bank, Birlasoft, GNFC, Granules India, Hindustan Copper, IDFC First Bank, Manappuram Finance, Punjab National Bank, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market snapped its six-day losing streak on October 8, rising nearly one percent to close just above the 25,000 mark after a 5.6 percent loss from its all-time high. The index formed a bullish candlestick pattern on the daily charts but continued the trend of lower highs. Consolidation is likely to be seen in the upcoming sessions until the index gives a strong close above 25,500, with key support in the 24,750-24,700 zone. If the index sustains above 25,000, immediate resistance on the higher side is likely to be at 25,200-25,300. However, if the index falls below 25,000, 24,800 is the immediate level to watch, according to experts. The Nifty 50 formed an Inside Bar pattern on the daily charts and managed to sustain above the upward-sloping support trendline (connecting lows from June 24, August 5, and October 7), with above-average volumes. The momentum indicators, RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence), showed a positive crossover on the hourly charts, which is a positive sign. However, the 10-day EMA (Exponential Moving Average) has fallen below the 20-day EMA, and the index is still trading below the 50-day EMA.The Bank Nifty formed a Bullish Harami candlestick pattern (though not classical) on the daily charts, which is a positive sign. The index also sustained above the upward-sloping support trendline, rising by 542 points, or 1.07 percent, to 51,021, with a positive crossover in the momentum indicators on the hourly charts. However, the 10-day EMA remains below the 20-day EMA, and the index is still well below both the 50-day EMA and the 20-day SMA.
Nifty:24795.75/-218.85/-0.87%;Candle:OGU,Long day red; Bank Nifty:50478.9/-983.15/-1.91% Candle:OGU,Long day red ; HB:OF,Long day red,1623
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long47%FutCash;-8293;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: IDFC First Bank, Punjab National Bank
Stocks retained in F&O ban: Bandhan Bank, Birlasoft, GNFC, Granules India, Hindustan Copper, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The sell-off seems to be unstoppable as the market started the week on a dismal note, with the benchmark indices falling nearly one percent on October 7, continuing the downtrend for the sixth consecutive session, with breadth strongly in favour of bears. The Nifty 50 approached the September low, a crucial support level at 24,750, with above-average volumes. If the index holds this level on a closing basis, a rebound towards the 25,000-25,100 zone is possible, but a decisive break below it could open the doors for an initial drop to the 24,500 level, according to experts. The Nifty 50 formed a long bearish candlestick pattern on the daily charts, with a continuation of lower tops and lower bottoms for the fifth consecutive session. The momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) maintained a negative bias on both the daily and weekly charts. The Bank Nifty also formed a big red candle on the daily timeframe, closing 1.91 percent, or 983 points, lower at 50,479 with significantly higher volumes (the highest since August 30). However, the index managed to defend the September low on a closing basis. It continued its lower highs-lower lows formation for the sixth consecutive session, while the RSI and MACD remained negative on both daily and monthly timeframes. The daily RSI (34.21) was near its oversold level.
Nifty:25049.85/-200.25/-0.76%;Candle:OGD,Short day red; Bank Nifty:51556.4/-288.6/-0.56% Candle:OGD,Short day red ; HB:OGD,Short day red,1663
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long58%FutCash;-9896;Opt98%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: GNFC
Stocks retained in F&O ban: Bandhan Bank, Birlasoft, Granules India, Hindustan Copper, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 plunged nearly 5 percent from its record high and fell 1 percent on October 4. The index closed below its 50-day EMA (Exponential Moving Average) with above-average volumes for the first time in the last four months. According to experts, the overall trend remains in favour of the bears, indicating a “sell on rally” market, though a bounce-back cannot be ruled out given the major downtrend. The 24,750 level is key if the index decisively breaks 25,000 on a closing basis, whereas on the higher side, the hurdle lies at 25,300. The Nifty 50 formed a bearish candlestick pattern with a long upper shadow on the daily timeframe, indicating selling pressure at higher levels for another session. This marks the continuation of the lower highs-lower lows formation for the fourth straight day. The 5-day EMA has now fallen below the 10-day and 20-day EMAs, with a negative bias in the momentum indicator RSI (Relative Strength Index) on both the daily and weekly timeframes. The Bank Nifty recorded a bearish candlestick pattern with a long upper shadow, resembling an Inverted Hammer (not a classical one) on the daily charts. While the Inverted Hammer is a bullish reversal pattern, confirmation will be required in the following session. The index was down 0.74 percent at 51,462 on Friday, continuing its downtrend and lower tops-bottoms formation for the fifth consecutive session, with above-average volumes. For the week, it fell 4.4 percent and formed a long bear candle on the weekly timeframe, closing below both the 5-week and 10-week EMAs. The momentum indicator RSI also showed a negative bias on the daily, weekly, and monthly charts, indicating the overall trend remains negative.
Nifty:25250.1/-546.8/-2.12%;Candle:OGD,Long day red; Bank Nifty:51845.2/-1077/-2.04% Candle:OGD,Long day red ; HB:OGD,Long day red,1681
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long66%FutCash;-15243;Opt97%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Granules India, Manappuram Finance
Stocks retained in F&O ban: Bandhan Bank, Birlasoft, Hindustan Copper, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market nosedived by more than 2 percent to 25,250 on the Nifty 50 with above-average volumes, as bears tightened their control over Dalal Street on October 3. The Nifty 50 decisively fell below short-term moving averages and the support trendline, leading experts to believe that further correction can’t be ruled out in the upcoming sessions. The 25,100-25,000 range is the crucial support area to watch on the downside, as falling below it could increase selling pressure. In the event of a rebound, the 25,400-25,500 range is likely to pose a hurdle. The Nifty 50 formed a bearish candlestick pattern on the daily timeframe, continuing its lower tops-lower bottoms formation for the fourth consecutive session. The index has decisively broken below the 20-day moving average, the middle of the Bollinger bands, as well as the support trendline. Additionally, momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) have shown a negative crossover, all of which indicate a negative trend. The Bank Nifty also formed a bearish candlestick pattern on the daily charts, continuing its downtrend and lower highs-lower lows formation for the fourth consecutive session with above-average volumes. The index has also dipped decisively below both the 20-day moving average and the 50-day EMA (Exponential Moving Average). Furthermore, the 5-day EMA has fallen below the 10-day EMA, while the momentum indicators RSI and MACD showed a negative bias, which is also a bearish sign. The index was down by 1,077 points, or 2 percent, at 51,845
Nifty:25810.85/-368.1/-1.41%;Candle:OGD,Long day red; Bank Nifty:52978.1/-856.2/-1.59% Candle:OGD,Long day red ; HB:OGD,Short day red,1732
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long81%FutCash;-9791;Opt103%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Balrampur Chini Mills, Bandhan Bank, Hindustan Copper, RBL Bank
Stocks retained in F&O ban: Nil
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market extended its selling pressure for another session, with the Nifty 50 falling sharply by 368 points to 25,811 and forming a long bearish candlestick pattern with a gap-down opening on September 30. This indicates a bearish reversal pattern. Hence, the index may correct further in the upcoming sessions. The next support to watch will be 25,500, which coincides with the 50 percent Fibonacci retracement from the September low to high, while resistance lies at 26,000 on the higher side, according to experts. The Nifty 50 negated the higher highs of the previous eight consecutive sessions, falling below both the 5-day and 10-day EMAs (Exponential Moving Averages) with above-average volumes. Additionally, there was a negative crossover in the momentum indicator RSI (Relative Strength Index at 61.3) on both the daily and weekly charts, which is a negative sign. The Bank Nifty formed a long bearish candlestick pattern and continued its lower highs-lower lows formation for another session with above-average volumes. The index also dropped below its 10-day EMA and is 500 points away from the 20-day SMA (Simple Moving Average of 52,477), which is expected to be crucial support to watch. There was also a negative crossover on the momentum indicator RSI on both the daily and weekly timeframes. The index was down by 856 points or 1.6 percent, settling at 52,978.
