Nifty:19411.75/181.15/0.94%;Candle:OGU,Short day green; Bank Nifty:43619.4/301.15/0.7% Candle:OGU,Doji ; HB:OGU,Doji,1493,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long20%FutCash;-549;Opt89%
OI data Nifty ( max pain W19350M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Power Grid Corporation of India, Shree Cement, Alkem Laboratories, Anupam Rasayan India, Alembic Pharmaceuticals, Apollo Tyres, Balrampur Chini Mills, Cochin Shipyard, CRISIL, Cummins India, Dilip Buildcon, Devyani International, Ideaforge Technology, Indian Railway Catering and Tourism Corporation, Jyothy Labs, Info Edge (India), Updater Services, Zaggle Prepaid Ocean Services, and Zydus Lifesciences will be in focus ahead of July-September period earnings on November 7.
The NSE has retained GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) on its F&O ban list for November 7.
Market wrap up(DWM,T,N,E):he market extended its northward journey for the third consecutive session, with the Nifty50 decisively surpassing the 19,250-19,300 area on November 6. Will it continue the uptrend further? Now all eyes are on the 50-day EMA (exponential moving average of 19,450), which if it crosses then 19,550-19,600 can’t be ruled out, with support at the 19,300 mark, experts said. The BSE Sensex rallied 595 points to 64,959, tracking positive Asian cues and buying in all key sectors barring PSU Bank, while the Nifty50 jumped 181 points to 19,412 and formed a bullish candlestick pattern on the daily charts surpassing 100 as well as 21-day EMA. The opening upside gap of the last three sessions remains intact. This market action signals a decisive upside bounce in the market after the formation of an important bottom reversal at 18,837 levels on October 26,” With the sharp taking out of an immediate resistance of 18,250 on the upside on Monday, the market is now advancing towards the next overhead resistance of around 19,550-19,600 levels in the short term, he said, adding immediate support is placed at 19,320 levels. The market breadth also remained in favour of bulls, while the Nifty Midcap 100 and Smallcap 100 indices gained 0.9 percent and 1.4 percent respectively.
Nifty:19230.6/97.35/0.5%;Candle:OGU,Doji; Bank Nifty:43318.25/310.05/0.7% Candle:OGU, ; HB:OGU,Short day red,1484,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-12;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Divis Laboratories, Bharat Forge, Hindustan Petroleum Corporation, FSN E-Commerce Ventures (Nykaa), Adani Energy Solutions, Bajaj Electricals, Emami, Exide Industries, Gland Pharma, NHPC, Sobha, Sun Pharma Advanced Research Company, TVS Supply Chain Solutions and Varun Beverages will be in focus ahead of quarterly earnings on November 6.
The NSE has retained GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) to its F&O ban list for November 6.
Market wrap up(DWM,T,N,E):The market extended an uptrend for the second consecutive session on November 3, but considering it is at the crucial hurdle of the 19,200-19,300 area, which had acted as a strong support area in August before getting into a sharp rally in September, and also there is a continuation of tug-of-war between bulls and bears for firm direction, will it be able to extend uptrend from here on? Yes, it is possible only if the index surpasses and holds the 19,300 mark, then 19,500-19,600 can be the next possible resistance area for the index, whereas, on the downside, 19,000-18,900 seems to be the key support zone, experts said. On November 3, the BSE Sensex jumped 283 points to 64,364 while the Nifty50 was up 97 points at 19,231 and formed a Spinning Top kind of candlestick pattern on the daily charts, indicating indecisiveness among buyers and sellers about future trends. “Nifty is likely to trade in the range of 19,000 to 19,300 with sideways to positive bias. A decisive breakthrough of upper range value will take such advance for 19,500, while on the downside, a sustainable fall below the psychological mark 19,000 will trigger more selling for 18,800-18,700,” The index has reached closer to the resistance zone of multiple moving averages now (20, 100 and 50-day EMA). “We need a decisive close above 19,500 to negate the bearish tone and inch towards 19,850 levels. On the downside, the 18,800-19,000 zone would offer support in case the decline resumes,” Ajit Mishra, SVP – Technical Research at Religare Broking said. The broader markets also continued an uptrend, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.7 percent and 1.2 percent respectively, on positive breadth. About two shares advanced for every falling share on the NSE.
Nifty:19133.25/144.1/0.76%;Candle:OGU,Short day green; Bank Nifty:43017.2/316.2/0.74% Candle:OGU,Doji ; HB:OGU,Short day red,1480,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long16%FutCash;-1261;Opt80%
OI data Nifty ( max pain W19100M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Titan Company, InterGlobe Aviation, Zomato, Aditya Birla Capital, Aegis Logistics, Bharat Dynamics, Crompton Greaves Consumer Electricals, Escorts Kubota, Godfrey Phillips India, IDFC, Indigo Paints, JSW Infrastructure, MRF, Shipping Corporation of India, Thermax, TTK Healthcare, UCO Bank, and Whirlpool of India will deliver September quarter earnings on November 3.
State Bank of India, Bank of Baroda, Bank of India, Delhivery, PB Fintech, Affle (India), Data Patterns (India), JK Cement, Metropolis Healthcare, Olectra Greentech, Orchid Pharma, Poly Medicure, Suven Life Sciences, Utkarsh Small Finance Bank, and Zuari Agro Chemicals will announce quarterly earnings on November 4.
The NSE has retained GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) to its F&O ban list for November 3.
Market wrap up(DWM,T,N,E):Bulls were back after easing fears related to FOMC outcome, which turned out to be dovish commentary. Will the bulls’ party continue in the coming sessions? Yes, said experts, provided the Nifty50 holds 19,100-19,000 levels in coming sessions, which can help the index move to 19,200-19,300 area, the crucial resistance area. If the index manages to climb and sustain above the resistance for a few days, then 19,500-19,600 can be possible areas to watch. Till then, the index may remain in the range of 18,900-19,200 zone. On November 2, after a two-day correction, the BSE Sensex advanced 490 points to 64,081, while the Nifty50 rose 144 points to 19,133 and formed small bullish candlestick pattern with upper and lower shadows on the daily timeframe. “The index has an immediate support at 19,100 levels and below that 19,000 levels, whereas 19,200 is an immediate resistance and 19,300 is the next resistance,” “the overall medium-term trend, however, is still negative only; hence traders should hedge and not be over aggressive on the long side in this bounce,” The market breadth also turned positive, pushing the broader markets higher. About five shares advanced against two falling shares on the NSE. The Nifty Midcap 100 and Smallcap 100 indices rallied more than 1.3 percent each. The volatility also cooled down considerably, making the trend favourable for bulls. The fear index, India VIX fell by 8.07 percent to 11.08 levels.
Nifty:19989.15/-90.45/-0.47%;Candle:OF,Short day green; Bank Nifty:42700.95/-145/-0.34% Candle:OGD,Doji ; HB:OGD,Short day green,1477,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-1817;Opt%
OI data Nifty ( max pain W19050M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Tata Motors, Adani Enterprises, Adani Power, Dabur India, Berger Paints India, Bombay Dyeing, Cholamandalam Investment, Container Corporation of India, Godrej Properties, Gujarat Gas, Indian Energy Exchange, Indian Railway Finance Corporation, JK Lakshmi Cement, Kalpataru Projects International, Karnataka Bank, Minda Corporation, and Suzlon Energy will be in focus ahead of quarterly earnings on November 2.
The NSE has retained GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) to its F&O ban list for November 2.
Market wrap up(DWM,T,N,E):After back-to-back falls in the market, the sentiment turned in favour of bears and the participants seemed to continue with a ‘sell-on-rise’ opportunity. Hence, if the index fails to hold on to 18,900, the immediate support, then it can again move towards the low of last week around 18,800. But in case the index rebounds, it may face a crucial hurdle at the 19,100-19,300 area, experts said.The BSE Sensex was down 284 points at 63,591, while the Nifty50 declined 90 points to 18,989 and formed a bearish candlestick pattern on the daily charts, with lower top and lower bottom formation. Momentum indicator RSI is also showing a negative trend, ahead of weekly F&O expiry. “Technically, this pattern indicates an emergence of selling pressure after the reasonable upside bounce and also the formation of lower top around 19,230 levels. However, the selling momentum seems to have reduced recently as we observe weakness with rangebound action in the last couple of sessions,” Nagaraj Shetti, technical research analyst at HDFC Securities said ,He feels the Nifty is expected to slide down to the lower support of 18,850 levels (200-day EMA) once again before showing another round of upside bounce from the lows. Any intra-week upmove from there could encounter resistance around 19,100 levels, he said. The market breadth turned in favour of bears after the equal ratio in the previous two sessions, as three shares declined against two rising shares on the NSE, while the broader markets continued to be rangebound, closing flat (with a negative bias) for the third straight session.
Nifty:19079.6/-61.3/-0.32%;Candle:OGU,Long day red; Bank Nifty:42845.95/-193.2/-0.45% Candle:OGU,Long day red ; HB:OGU,1475,Long day red,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long13%FutCash;-696;Opt86%
OI data Nifty ( max pain W19100M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) to its F&O ban list for November 1.
Market wrap up(DWM,T,N,E):The market corrected sharply after gap-up opening and snapped two-day winning streak on October 31. Given the unsustainability of the Nifty50 at the crucial resistance area of around 19,250 due to selling pressure along with negative crossover on the hourly charts, further downtrend can be possible up to 19,000-18,900 levels, but on the higher side, the decisive clearance of 19,250-19,300 area can open the door for 19,500-19,600 levels, experts said. The BSE Sensex dropped 238 points to 63,875, while the Nifty50 declined 61 points to 19,080 and formed long bearish candlestick pattern, which resembles Bearish Belt Hold kind of candlestick pattern on the daily charts, indicating the possibility of trend changing from bullish to bearish. “A long bear candle was formed on the daily chart, which is indicating an emergence of selling pressure from near the crucial resistance of 19,200-19,300 levels (resistance as per change in polarity),” “A decisive move above the hurdle of 19,300 could open the next upside target of 19,600 levels in the near term. Further weakness from here could find support around 19,000-18,950 levels,” The broader markets had a mixed trend and the breadth was largely equal for yet another session. The Nifty Midcap 100 index was up 0.4 percent and Smallcap 100 index fell 0.06 percent.
Nifty:19140.9/93.65/0.49%;Candle:OF.Long day green; Bank Nifty:43039.15/257.15/0.6% Candle:OGDShort day green ; HB:OGD,Short day green
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:12% FII Long%FutCash;-1762;Opt89%
OI data Nifty ( max pain W19100M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Larsen & Toubro, Bharti Airtel, Tata Consumer Products, GAIL (India), Indian Oil Corporation, Arvind, Adani Total Gas, Birlasoft, CARE Ratings, DCB Bank, Five-Star Business Finance, Indiabulls Real Estate, Jindal Steel & Power, Mankind Pharma, Max Financial Services, Motherson Sumi Wiring India, Navin Fluorine International, Nuvoco Vistas Corporation, PNC Infratech, RITES, and VIP Industries will be in focus ahead of September quarter earnings on October 31.
Market wrap up(DWM,T,N,E):The market extended its upward journey for yet another session on October 30, but will that northward move continue in coming sessions? Possibly yes, if the index decisively surpasses its hurdle of 19,250-19,300 area in coming sessions; otherwise the rangebound trade may continue, experts say. The clearing and holding above this resistance of 19,250-19,300 can open doors for 19,500, the 50-day EMA (exponential moving average) given the Nifty50 made higher tops and higher bottoms for yet another session with bullish candlestick pattern on the daily timeframe. But if it fails to sustain above Friday’s close, i.e. 19,050, then it may take support at the 18,900-18,800 area, experts said. The BSE Sensex climbed 330 points to 64,113, while the Nifty50 jumped 94 points to 19,141 and formed a bullish candlestick pattern with a long lower shadow on the daily charts. The index showed a 200-point recovery from the day’s low. “The Nifty index staged a strong recovery with the bulls successfully defending the previous day’s low, ultimately closing at its highest point. Despite a broader negative outlook due to the prevailing downtrend, the possibility of a pullback exists, potentially taking the index to the 19,300 mark,” Kunal Shah, senior technical & derivative analyst at LKP Securities said. The broader markets had a flat closing on the first day of the week, while the volatility index, India VIX rose by 5.36 percent to 11.49 levels which remained in the broad range of 9-13 levels for the past several months.
Nifty:19047.25/190/1.01%;Candle:OGU,Short day green; Bank Nifty:42782/501.85/1.2% Candle:OGU, Short day green; HB:OGU,Doji,1476
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long12%FutCash;-1500;Opt87%
OI data Nifty ( max pain W19050M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:UPL, DLF, TVS Motor, Adani Green Energy, Marico, APL Apollo Tubes, Blue Star, Castrol India, GMR Airports Infrastructure, KPIT Technologies, Nippon Life, Petronet LNG, Ramco Systems, Spandana Sphoorty Financial, Speciality Restaurants, Supreme Industries, and Tube Investments of India will be in focus ahead of quarterly earnings on October 30.
The NSE has not added any stock to its F&O ban list for October 30.
Market wrap up(DWM,T,N,E):The market rebounded sharply after days of relentless selling, with benchmarks Sensex and Nifty closing a percent higher on October 27. Will the indices, which closed the week 2.5 percent lower, hold on to the gains? Unlikely, say experts. Bearish sentiment is expected to prevail and uptrend, if any, is likely to be sold into, experts said. At best the Nifty, which closed at 19,047, may consolidate below 19,500 with major support at 18,800, the low of the previous week, experts said. Selling pressure will intensify if the index slips below 18,800 and can slide to 18,600-18,500. On the higher side, 19,200-19,300 will be the immediate resistance, followed by 19,500. “The index closed significantly below the critical breakdown level of 19,250. As long as it stays below 19,250, the market may continue to be inclined towards selling on any upward movements,” On the downside, weakness will resume if the index falls below 18,800. This is because Put writers are likely to defend the Nifty with substantial positions at 18,800, with immediate support placed at 19,000, he said.
Nifty:18857.25/-264.9/-1.39%;Candle:OGD,Short day red; Bank Nifty:42280.15/-551.85/-1.29% Candle:OGD,Short day red ; HB:OGD,1464.Short day red,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long11%FutCash;-7702;Opt78%
OI data Nifty ( max pain W18900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Reliance Industries, Maruti Suzuki, SBI Life Insurance Company, Bajaj Finserv, Bharat Petroleum Corporation, Cipla, Dr Reddy’s Laboratories, Union Bank of India, Indian Hotels, IRB Infrastructure Developers, M&M Financial Services, Mahindra Lifespace, Mahanagar Gas, Oberoi Realty, SBI Card and Ujjivan Small Finance Bank will release quarter
NTPC, IDFC First Bank, AU Small Finance Bank, Bharat Electronics, Greenlam Industries, JBM Auto and Macrotech Developers will announce their September quarter earnings on October 28.ly earnings scorecard on October 27.
Market wrap up(DWM,T,N,E):After the carnage on Dalal Street with the Nifty50 hitting 200-day EMA (exponential moving average of 18,830) for the first time since April this year and the formation of Three Black Crows candlestick pattern on the daily charts, the bearish pattern, will there be more correction or any possibility of bounce back given the momentum indicator RSI (relative strength index at 26.74 levels) looking oversold? According to experts, any rebound is unlikely to be sustainable in the near term given the bearish sentiment and the index can drift towards 18,600-18,500 in the coming days. “One may observe three long bear candles in the last three sessions, which is indicating a bearish three black crows’ pattern, which signals a downtrend continuation pattern for the short term,” The negative pattern like lower tops and bottoms of a larger degree is intact on the daily chart and the market finding support to form a new lower bottom of the sequence. Still, there is no indication of any bottom formation at the lows, he says. Having moved into an oversold region, there is a chance of upside bounce occurring from the lows. A decisive move below 18,800 levels could open the next downside of 18,500-18,600 levels in the near term,” Nifty has reached a support zone and is appearing oversold on the hourly charts, one can expect a pullback till 19,000–19,050, however, it is likely to be only a temporary pause in the overall downtrend. On the downside, he feels the Nifty is likely to drift towards 18,500 levels in the short term. And the intermediate pullbacks should be used as a selling opportunity, he advised. The BSE Sensex tanked over 900 points to 63,148, while on the broader markets front, the Nifty Midcap 100 index fell 1.2 percent and Smallcap 100 index was down 0.3 percent.
Nifty:19122.15/-159.6/-0.83%;Candle:OF,Long day red; Bank Nifty:42832/-319.2/-0.74% Candle:OGU,Long day red ; HB:OGU,Long day red,1494,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long26%FutCash;-4236;Opt89%
OI data Nifty ( max pain W19200M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Asian Paints, ACC, Punjab National Bank, Canara Bank, Colgate-Palmolive (India), Aavas Financiers, Vodafone Idea, Aditya Birla Sun Life AMC, Coromandel International, Dixon Technologies, Indian Bank, Jindal Saw, Max India, NLC India, RailTel Corporation, Shriram Finance, Symphony, Tata Teleservices, and Westlife Foodworld will be in focus ahead of quarterly earnings on October 26.
The NSE has added Delta Corp to its F&O ban list for October 26, while retaining RBL Bank on the said list.
Market wrap up(DWM,T,N,E):With the decisive breaking of the 20-week EMA as well as August lows, the bears seem to be having a strong hold over the market. Hence if the Nifty50 breaks 19,000 in coming sessions, then 18,800-18,900 can be the levels to watch on the downside which also coincides with the long horizontal resistance trendline and 200-day EMA (exponential moving average), but in case of a bounce back, 19,300 is the immediate resistance, experts said. On October 25, the BSE Sensex was down 523 points at 64,049, while the Nifty50 dropped 160 points to 19,122. “A long bear candle was formed on the daily chart, which signalled a back-to-back sharp decline in the market in the last two sessions. This also indicates a decisive downside breakout of the immediate supports around 19,300-19,250 levels,” Currently, the Nifty is placed at the edge of another weekly support of the long-term trend line at 19120 as per the concept of change in polarity. Hence, he feels the short-term trend of the Nifty continues to be negative. “Having placed at the long-term support at the lows, there is a possibility of a small upside bounce from near 19,100-19,000 levels. A breakdown of 19,000 is likely to open the next downside of 18,600 levels in the near term,” But the fall in broader markets was less compared to benchmarks. The Nifty Midcap 100 and Smallcap 100 indices were down 0.65 percent and 0.24 percent respectively. The market breadth remained in favour of bears as about 1,506 shares declined against rising 593 shares on the NSE.
Nifty:19281.75/-260.9/-1.34%;Candle:OF.Long day red; Bank Nifty:43151.2/-571.85/-1.31% Candle:OGU,Long day red ; HB:1508,OGU,Short day red,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long26%FutCash;252;Opt88%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Axis Bank, Tech Mahindra, Indus Towers, Chalet Hotels, CMS Info Systems, Chennai Petroleum Corporation, Dreamfolks Services, Gulf Oil Lubricants India, Jubilant FoodWorks, Lakshmi Machine Works, Network18 Media & Investments, Rallis India, Asahi Songwon Colors, Aurionpro Solutions, Sona BLW Precision Forgings, Sonata Software, Star Housing Finance, TV18 Broadcast, and Welspun India will be in focus ahead of quarterly earnings on October 25.
The NSE has added RBL Bank to its F&O ban list for October 25, while Indiabulls Housing Finance has been removed from the list.
Market wrap up(DWM,T,N,E):The Nifty has broken below the immediate supports of 19,480 and 19,330 levels in one session. The weekly crucial support of 20-week EMA has been broken on the lower side at 19,340 levels,” On October 23, the Sensex tanked 826 points or 1.26 percent to 64,572 and the Nifty plunged 261 points or 1.34 percent to 19,282 on the escalation in the Israel-Hamas war and rising US bond yields. With the Nifty slipping below the 19,300 mark, the crucial support for the current month, and weak market breadth, the bears seem firmly in control. The index, which formed a long bearish candlestick on the daily charts, is close to the August low of 19,224. If the Nifty slips below it, it can slide to 19,000, followed by 200-day EMA (exponential moving average placed at 18,825), experts said. On the higher side, 19,500-19,600 is expected to be a hurdle, Shetti said.
