MARKET TRENDS:
Global cues: Positive
FII: (-55.58 crores)
DII: (+2492.12 crores)
Sentiment: Bullish
Market Breadth: Positive
Technicals: Massive Rebound
F&O: 25500 – 27000 zone.
INDIA VIX 11.85 (+2.24%)
USD/INR Futures (October) (88.24)
NIFTY PCR (28th October) 1.02
Bank Nifty PCR (28th October) 1.05
Nifty Outlook: Bullish sentiment likely to stay alive, with all eyes on Nifty’s all-time high of 26,277.35 with an interweek perspective.
WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:
NIFTY (CMP 25966):
SUPPORT: 25871/25701
RESISTANCE: 26107/26277
RANGE: 25900-26100
BIAS: Positive
21 DMA: 25266
50 DMA: 25065
200 DMA: 24281
SENSEX (CMP 84779)
SUPPORT: 84400/83900
RESISTANCE: 85290/85979
RANGE: 84500-85500
BIAS: Positive
21 DMA: 82506
50 DMA: 81811
200 DMA: 79751
BANK NIFTY (CMP 58114)
SUPPORT: 57700/56700
RESISTANCE: 58609/58100
RANGE: 57700-58700
BIAS: Positive
21 DMA: 56455
50 DMA: 55526
200 DMA: 53649
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