MARKET TRENDS:
Global cues: Negative
FII: (+997.29 crores)
DII: (+4076.20 crores)
Sentiment: Super Bullish
Market Breadth: Positive
Technicals: Massive Rebound
F&O: 24500 – 26000 zone.
INDIA VIX 10.86 (+3.13%)
USD/INR Futures (October) (87.89)
NIFTY PCR (28th October) 1.08
Bank Nifty PCR (28th October) 1.16
Nifty Outlook: Festive Spirit on Dalal Street — Bullish euphoria is quite likely as early Diwali party quite as Optimism to Sweep and Drive Market Euphoria.
WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:
NIFTY (CMP 25585):
SUPPORT: 25350/25225
RESISTANCE: 25670/26277
RANGE: 25450-25670
BIAS: Positive
21 DMA: 25096
50 DMA: 24909
200 DMA: 24220
SENSEX (CMP 83468)
SUPPORT: 82500/82000
RESISTANCE: 84200/85979
RANGE: 82800-84100
BIAS: Positive
21 DMA: 81826
50 DMA: 81336
200 DMA: 79580
BANK NIFTY (CMP 57423)
SUPPORT: 56800/56200
RESISTANCE: 57800/58600
RANGE: 56900-57750
BIAS: Positive
21 DMA: 55738
50 DMA: 55210
200 DMA: 53438
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