MARKET TRENDS:
Global cues: Negative
FII: (+459.20 crores)
DII: (+1707.80 crores)
Sentiment: Risky
Market Breadth: Negative
Technicals: Massive Consolidation
F&O: 24500 – 26000 zone.
INDIA VIX 10.10 (-0.17%)
USD/INR Futures (October) (88.78)
NIFTY PCR (28th October) 1.07
Bank Nifty PCR (28th October) 1.12
Nifty Outlook: After last week’s Nifty’s bullish euphoria, caution returns to Dalal Street this Monday — and for now, defensive trades and risk management will likely dominate this week’s playbook.
WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:
NIFTY (CMP 25285):
SUPPORT: 25021/24801
RESISTANCE: 25351/25670
RANGE: 25150-25350
BIAS: Neutral
21 DMA: 25055
50 DMA: 24861
200 DMA: 24189
SENSEX (CMP 82501)
SUPPORT: 81600/81100
RESISTANCE: 82750/83200
RANGE: 82100-83100
BIAS: Neutral
21 DMA: 81738
50 DMA: 81215
200 DMA: 79499
BANK NIFTY (CMP 56610)
SUPPORT: 55600/55000
RESISTANCE: 56900/57630
RANGE: 56200-57200
BIAS: Neutral
21 DMA: 55365
50 DMA: 55130
200 DMA: 53326
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