Global cues: Positive
FII: (-240.10 crores)
DII: (+2333.42 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Rebound play
F&O: 24500 – 26000 zone.
INDIA VIX 11.00 (+8.91%)
USD/INR Futures (October) (88.74)
NIFTY PCR (28th October) 1.02
Bank Nifty PCR (28th October) 1.11
Nifty Outlook: Nifty likely to resume its journey on the upside amidst positive global cues.
WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:
NIFTY (CMP 25227):
SUPPORT: 25021/24801
RESISTANCE: 25351/25670
RANGE: 25000-25344
BIAS: Positive
21 DMA: 25055
50 DMA: 24861
200 DMA: 24189
SENSEX (CMP 82327)
SUPPORT: 81600/81100
RESISTANCE: 82750/83200
RANGE: 81500-82700
BIAS: Neutral
21 DMA: 81767
50 DMA: 81231
200 DMA: 79518
BANK NIFTY (CMP 56625)
SUPPORT: 55600/55000
RESISTANCE: 56900/57630
RANGE: 55800-56800
BIAS: Neutral
21 DMA: 55365
50 DMA: 55131
200 DMA: 53326
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