Global Markets
US markets: +205 points on the Dow Jones
Dow futures: minus ten points
Markets in Asia: Mixed
GIFT Nifty: +40 (modified) points
Data Analysis
Cash Market |
F&O |
|
FII : +252cr |
Nifty PCR: 0.70 vs 1.08 |
|
DII : +1112cr |
Highest OI (26-Oct-23): |
| Net : +1364cr |
19800CE & 19000PE |
Technical Outlook
Nifty (Spot)
- The Nifty is currently trading close to the crucial 19250–19200 support level, where a slight decline is possible. However, there is a chance of selling pressure at higher levels.
- The initial barrier will be 19440, while the crucial barrier is 19600.
- We can anticipate a shift towards the 18888–18800 zone below 19200.
Bank Nifty (Spot)
- The 200-DMA of Banknifty, which indicates the level of immediate psychological support at 43000, has been broken.
- We may see a shift towards the 42500 and 42000 levels below 43000.
- 43600–44000 will be the first resistance area on the upward.
