


GIFT Nifty up 9 points; here's the trading setup for today's session
The focus will shift towards stock-specific action as Q2FY24 earnings begin this week with TCS announcing results on Oct 11, followed by Angelone, HCL Tech, and Infyosys.
«Overall, we expect the market to remain range-bound with a bout of volatility given the uncertainty still looms globally, despite the ease in US 10-year bond yield and fall in crude oil prices,” said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services.
Here's breaking down the pre-market actions:
STATE OF THE MARKETS
- Tech View: The short term trend of Nifty has turned positive. The overall positive chart pattern indicates next overhead resistance for the Nifty around 19800 levels for the coming week. Any dip down to 19550-19500 levels could be a buying opportunity, said Nagaraj Shetti of HDFC Securities.
- India VIX: India VIX, which is a measure of the fear in the markets, fell 5.85% to settle at 10.30 levels.
Stocks in F&O ban today
1) Indiabulls Housing Finance
2) Delta Corp
3) Manappuram
4) PNB
Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.
US stocks gain
U.S. stocks rallied on Friday, led by technology shares to a sharply higher close as investors assessed a jobs report that showed U.S. hiring rose broadly in September with slowing wage growth.
FII/DII action
Foreign portfolio investors were net sellers at Rs 90 crore on Friday. DIIs bought shares worth Rs 783 crore.
Rupee
The rupee declined 2 paise to settle at 83.27 against the US dollar on Friday after the Reserve Bank kept the repo rate unchanged in its fourth consecutive monetary policy review
F&O
The net short position of FIIs decreased from Rs 88,311