Here we are giving you some such data, on the basis of which it will be easy for you to catch profitable deals. It should be noted here that the Open Interest (OI) and volume of stocks in this story are the sum total of three months’ data, not just the current month.
Strategies for Nifty
The first resistance zone for Nifty is visible at 18316-18356. After that the big resistance zone is at 18388-18421. Its first base zone is visible at 18164-18124 and then the larger base zone 18062-18018. Yesterday both the targets of 18288-310 given by CNBC-Awaaz were achieved. FIIs figures are weak but under F&O data, bullish momentum till expiry is also possible. Stay long, buy every drop till 18164-124, above 18421 level is possible. 18200 Put writers are showing confidence now, Call writers have come out tomorrow. Find long trades in oversold stocks today.
Market Live: GLOBALMixed signals from the markets, will keep an eye on the results of Maruti and Bajaj Auto
Strategy for Nifty Bank
The first resistance zone for Nifty Bank is at 41459-41640. Its major resistance zone is at 41790-41910. At the same time, the base zone is visible at 40965-40824 and the bigger base zone is 40612-40671. After the boom, now consolidation is necessary. Heavy call writing is seen at 41500-42000.
Put writers dominate 40500-41000. The new rally will depend on the impact of Axis Bank’s results. If open near other resistance zones, look at the risk-reward before going long.
Global market: Mixed signals from global markets, SGX Nifty and Dow Futures flat
Result and Expiry
The eyes of the market will now be on the October expiry to be held tomorrow. So far, if we look at the rollover, then 43 percent rollover has been seen in NIFTY and 41 percent in BANK NIFTY. Results of 8 companies of Nifty will come today. At the same time, the results of 10 companies of F&O are going to come today, these include Larsen & Toubro, ITC, IndusInd Bank, Bajaj Auto, Titan Company, Lupin, Maruti Suzuki India, Punjab National Bank, SBI Life Insurance Company, Zee Entertainment Enterprises, Aarti Drugs, Adani Enterprises, Adani Ports and Special Economic Zone, Aegis Logistics, Apollo Tricoat Tubes, Arvind, Asahi India Glass, Astec Lifesciences, Balaji Amines, Cummins India, Dalmia Bharat, Deepak Nitrite, Exxaro Tiles, Geojit Financial Services, Greenpanel Industries, Happiest Minds Technologies, IIFL Finance, IIFL Wealth Management, India Grid Trust, Indian Overseas Bank, JK Paper, KEC International, KPR Mill, Lakshmi Machine Works, Mahindra Logistics, Phillips Carbon Black, Poonawalla Fincorp, PSP Projects, Ramco Systems, Raymond, Reliance Power , Shriram City Union Finance, SKF India, Sona BLW Precision Forgings, Tata Chemicals, Tube Investments of India, Torrent Power, TTK Prestige, United Breweries, United Spirits and Welspun India among others. Huh.
FII and DII figures
On October 25, foreign institutional investors sold Rs 2368.66 crore in the Indian markets. At the same time, domestic institutional investors bought Rs 1385.41 crore on this day.
Midcap and smallcap stocks returned today, know what to keep an eye on today
Stocks coming under F&O ban on NSE
On October 27, 6 stocks are under F&O ban on NSE. These include the names of Canara Bank, Indiabulls Housing Finance, Indian Energy Exchange, NMDC, SAIL and Sun TV Network. It is to be noted that the stocks included in the F&O segment are put in the ban category if the positions of the securities exceed their market wide position limits.
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