Equity (Nifty) Technical Report (3 To 7 Oct)

NIFTY 50 8611.15 (-220.40)↓(-2.50%)

This week markets open with a bearish note. Nifty ended the day at 8723, down by 108 points against the Friday’s close. But nifty takes a support level at 8700 and close above. On Tuesday, nifty continues to follow the bearish trend and closed with a loss of 16 points at 8706. On Wednesday, The Nifty ended marginally higher due to short-covering by participants ahead of September month F&O expiry. The Nifty closed with a gain of 39 points at 8745. On Thursday, Volatility was there in the market. The last trading session of the September series of derivative contracts supported the down moves. The Nifty closed with a loss of 153 points at 8591.25. On Friday, Highly volatile trading section. Nifty takes a strong support level at 8550 and closed this week above at 8600. The Nifty50 (spot) opened the week at 8807.90, made a high of 8809.55 low of 8555.20 and closed the week at 8611.15. Thus the Nifty closed the week with a losing of -220.40 points or -2.50%.

Formations

•The 20 days EMA are placed at 8732.32
•The 5 days EMA are placed at 8670.49

Weekly Pivot Levels for Nifty 50 Stocks

Weekly Top Gainers Stocks

Weekly Top Losers Stocks

Weekly FII’S Statistics*

Weekly DII’S Statistics*

MOST ACTIVE NIFTY CALLS & PUTS

MOST ACTIVE BANK NIFTY CALLS & PUTS

Weekly Recommendations:-

* FII & DII trading activity on NSE, BSE, and MCX’SX in Capital Market Segment (in Rs. Crores)

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