{"id":4002,"date":"2024-10-06T14:06:14","date_gmt":"2024-10-06T14:06:14","guid":{"rendered":"https:\/\/fintechcentre.in\/articles\/?p=4002"},"modified":"2024-10-06T14:06:14","modified_gmt":"2024-10-06T14:06:14","slug":"things-to-notetradersinvestors-7oct-2024-mon-8-20am-clone","status":"publish","type":"post","link":"https:\/\/fintechcentre.in\/articles\/2024\/10\/06\/things-to-notetradersinvestors-7oct-2024-mon-8-20am-clone\/","title":{"rendered":"Things to note(Traders&Investors): 7Oct 2024 Mon ,@8.20AM Clone"},"content":{"rendered":"\n

Nik, Dj, Vix<\/li>\n\n\n\n
Oil,\u00a0 Gold, Bonds, Dollar,<\/li>\n\n\n\n
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<\/li>\n\n\n\n
Nifty :Supp Rest<\/li>\n\n\n\n
Banknifty:Supp Rest .<\/li>\n\n\n\n
Gift Nifty:%\u00a0 \u00a0 \u00a0FII Long58%FutCash;-9896;Opt98%<\/li>\n\n\n\n
OI data Nifty \u00a0( max pain WM)<\/li>\n\n\n\n
OI data Bank Nifty Nifty(max pain W M)<\/li>\n\n\n\n
News:<\/li>\n\n\n\n
Events\/Results:<\/li>\n\n\n\n
Stocks added to F&O ban: GNFC<\/li>\n\n\n\n
Stocks retained in F&O ban: Bandhan Bank, Birlasoft, Granules India, Hindustan Copper, Manappuram Finance, RBL Bank<\/li>\n\n\n\n
Stocks removed from F&O ban: Nil<\/li>\n\n\n\n
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 \u201csell on rally\u201d 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.\u00a0\u00a0The 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.<\/li>\n<\/ul>\n\n\n\n
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