Global Markets
US markets: -251 points on the Dow Jones
Dow futures: up 112
Asiatic markets: unfavorable
GIFT Nifty: (adjusted) +17 points
Data Analysis
Cash Market |
F&O |
|
FII : -7703cr |
Nifty PCR: 0.82 vs 0.67 |
| DII : +6558cr |
Highest OI (02-Nov-23): |
| Net : -1145cr |
19000CE & 18800PE |
Technical Outlook
Nifty (Spot)
- Although the structure is weak, a bounce is anticipated near the 200-DEMA because the market is oversold.
- The first hurdle will cost 19000, while the second hurdle will be 19200.
- The next support level will be 18600 if it is below 18800.
Bank Nifty (Spot)
- While still weak, the Banknifty is trading close to the 42000 psychological support level.
- The initial barrier will be 42800, while the main barrier will be 43300.
- The next support level will be 41500 if 42000 is below.
