Global Markets
Markets in the US: Dow Jones down 388 points
Futures for the Dow: +56 points
markets in Asia: mixed
(Adjusted) GIFT Nifty: -65 points
Data Analysis
Cash Market |
F&O |
|
FII : -694cr |
Nifty PCR: 0.92 vs 0.91 |
| DII : +715cr |
Highest OI (28-Sept-23): |
| Net : +21cr |
19800CE & 19000PE |
Technical Outlook
Nifty (Spot)
- Nifty is attempting to hold the 19600 level, but the overall trend is not encouraging.
- If the Nifty drops below 19600, selling pressure could build up into the levels of 19500 and 19300.
- On the upside, the 20-DMA at 19740 is a key resistance level; over it, a short covering move is anticipated.
Bank Nifty (Spot)
- Banknifty is attempting to maintain its 100-DMA at 44400.
- We might anticipate a move towards 44000 and 43700 below 44400.
- Upside, 45,000 is a significant barrier; above this, short covering is anticipated.
