Here is Festive Season Greetings and wishing you a very pleasant and safe Deepavali and a prosperous Samvat 2082.
*An electrifying start on cards as we expect benchmark Nifty to post a strong performance in today’s special Muhurat trading session to start at 1:30 PM.
The benchmark Nifty will aim to reclaim psychological 26000 mark as investors welcome trading for the new Samavat Year 2082.
Having said that, it seems that Nifty scaling above its new all-time-high at 26277.35 peak this Muhurat session might have to wait for another day!
1:00 PM GLOBAL UPDATE:
GIFT Nifty (+90, 26013)
Dow Future (-77, 46629)
NASDAQ (-33, 25408)
Nikkei (-70, 49116)
Hang Seng (+216, 26075)
Dow Jones (+316, 46707)
Nasdaq (+311, 22991)
Bovespa (+1110, 144509).
MARKET TRENDS:
Global: Positive
FII: Positive (-790.50 Cr)
DII: Positive (+2485.50 Cr)
Market Breadth: Positive
Sentiment: Super Bullish
Technicals: Breakout Play.
F&O: 25500-26500 zone.
INDIA VIX 11.35 (-0.09%)
USD/INR Futures (October) (88.07)
NIFTY PCR (28th October) 1.03
Bank Nifty PCR (28th October) 1.13
WHAT TECHNICALS TELLS US ON NIFTY & BANK NIFTY:
NIFTY (CMP 25843):
SUPPORT: 25750/25401
RESISTANCE: 26277/28100
RANGE: 25800-26000
BIAS: Positive.
21 DMA: 25133
50 DMA: 24955
200 DMA: 24241
SENSEX (CMP 84363)
SUPPORT: 84000/83500
RESISTANCE: 85979/87500
RANGE: 84000-85500
BIAS: Positive
21 DMA: 81996
50 DMA: 81479
200 DMA: 79640
BANK NIFTY (CMP 58033):
SUPPORT: 57703/56900
RESISTANCE: 58500/59101
RANGE: 57800-58800
BIAS: Positive.
21 DMA: 55954
50 DMA: 55310
200 DMA: 55508
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