Global Markets
US stock markets: Dow Jones gains 127 points
Futures on the Dow: -8 points
Asia-Pacific markets: Positive
(Adjusted) GIFT Nifty: +30 points
![](https://indiatopbrokers.com/wp-content/uploads/2023/10/5-Oct-Market-Set-Up-2-300x300.png)
Data Analysis
Cash Market |
F&O |
FII : -4424cr |
Nifty PCR: 0.96 vs 0.91 |
DII : +1770cr |
Highest OI (05-Oct-23): |
Net : -2654cr |
19700CE & 19500PE |
Technical Outlook
Nifty (Spot)
- At the 19333 level, where Nifty is establishing a temporary bottom, we can move to cover short positions.
- 19600 will be the first obstacle, and 19800 is a significant one.
- We can only anticipate a pickup in bullish momentum above 19800.
- 1933-19250 is now a demand area for the immediate future.
Bank Nifty (Spot)
- Banknifty is also close to the 43777–43333 support zone.
- There will be immediate resistance between 44444 and 44600.
- Significant short covering is only anticipated over the 45,000 level.