Global Markets
US stock markets: Dow Jones drops 68 points
Futures on the Dow: +8 points
markets in Asia: mixed
(Adjusted) GIFT Nifty: -16 points
Data Analysis
Cash Market |
F&O |
|
FII : -354cr |
Nifty PCR: 1.07 vs 0.92 |
| DII : +386cr |
Highest OI (28-Sept-23): |
| Net : +32cr |
19800CE & 19000PE |
Technical Outlook
Nifty (Spot)
- On a closing basis, the Nifty maintained respect for the 50-DMA, which is immediately resistant between 19735 and 19760.
- We can anticipate a brief covering move towards the 19850 level above 19760.
- On the downside, 19640 provides immediate support, and 19550 is currently a crucial level of support.
Bank Nifty (Spot)
- The 100-DMA was respected by Banknifty on a closing basis, and resistance levels 44770 and 45000 are there.
- The immediate support level will be 44444, and the critical demand range is 44000-43700.
- Only over the 45,000 level is expected to see any real strength.
