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Mon, 21 October 2024
Market Mood Index (MMI)
As on recent market close
Extreme Fear (<30)
Fear (30 - 50) MMI change since last week
33% Greed (50 - 70)
Extreme Greed (> 70) 35 33
Long & Short Build Up
Top 5 stocks based on Futures Open Interest change on last trading session.
Long Build Up Short Build Up
Name OI Change % Name OI Change %
POLYCAB +8.53% IGL +18.73%
SBILIFE +8.52% LTTS +14.38%
BSOFT +5.52% MGL +11.64%
OBEROIRLTY +5.48% CROMPTON +9.07%
HDFCLIFE +5.02% TECHM +5.22%
Sector Analysis Volume Shockers
Top 5 stocks from Nifty Next 50 where previous
Top 5 sector Indices in NSE based on last one
session volume is 1.5 times more than the
week’s performance
average last week’s volume.
Name Week Change % Name CMP
NIFTY BANK +1.80% ZOMATO 257
NIFTY FINANCIAL SERVICES +1.38% NHPC 84
NIFTY PVT BANK +1.33% CANBK 104
NIFTY PSU BANK +0.99% BHEL 253
NIFTY REALTY +0.64% HAVELLS 1849
The Market Mood www.themarketmood.com 01
Key Global Indices
As of Today at 7:50 am in the Morning
Name Open / Close LTP Change Change%
GIFT Nifty India 24,935.00 +30.00 +0.12%
Dow Jones US 43,275.91 +36.86 +0.09%
Nasdaq US 20,324.04 +133.62 +0.66%
S&P 500 US 5,864.68 +23.20 +0.40%
Hang Seng Asia 20,661.12 -145.01 0.65%
FTSE 100 Europe 8,397.98 -13.79 -0.15%
USD/INR 84.0380 -0.0080 -0.01%
Key Indian Indices
As of Most Recent Market Close
Name Open / Close LTP Change Change%
Nifty 24854.05 +104.2 +0.42%
Bank Nifty 52094.20 +805.40 +1.57%
Sensex 81224.75 -218.14 +0.27%
India VIX 13.0375 -0.3500 -2.61%
Gold FUT 77,749.00 +642.00 +0.83%
Crude Oil FUT 5,855.00 -42.00 -0.71%
The Market Mood www.themarketmood.com
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Market Bulletin
1. The GIFT Nifty is trading higher, indicating a flat to positive start
for the day.
2. Equity benchmark indices rebounded in trade on Friday after
three days of decline after buying in banks, financial services and
metal stocks. However, it underperformed the broader markets.
3. Asian markets were mixed Monday as traders assessed China’s
loan prime rate announcement, with focus also on Japan’s
general election at the end of this week.
4. The Dow Jones Industrial Average and S&P 500 chalked up
record closing highs on Friday, with the Nasdaq also in positive
territory.
5. The US 10-year Treasury yield was up 14 bps at 4.08 percent,
while the US 2-year bond yield rose 16 bps at 3.95 percent.
6. The dollar index were trading with modest gain at around 103.50
in the early trade on Monday.
7. Except Thai Baht and Singapore Dollar, all other Asian currencies
were trading higher in the early trade on Monday.
8. Crude oil prices extended the gain on Monday with Brent Crude
rose nearly 0.5 percent.
9. Gold prices were trading higher by 0.26 percent at $2,726, while
Silver prices were also up nearly 0.5 percent at $33.80.
10. Except Nickel all other commodities were prices were trading
firm in the early trade on Monday with Aluminium added over 2
percent, while Copper and Zinc were up 1 percent each.
11. Commodities prices were trading weak in the early trade on
Friday with Nickel falling 1.5 percent, while Aluminium shed over 1%
The Market Mood www.themarketmood.com 03
Technical Analysis
Nifty
The Nifty 50 formed a long bearish candlestick pattern on the
daily timeframe, falling below the 100-day EMA for the first
time since June 4.
Further, there was a lower highs-lower lows formation on the
weekly charts, indicating the continuation of the downtrend for
the fourth consecutive week.
The momentum indicators, RSI and MACD, showed a negative
bias on both the daily and weekly charts.
Key Support Pivot Levels Key Resistance Pivot Levels
24,433 | 24,330 | 24,164 24,767 | 24,870 | 25,036
Highest PUT OI strikes (weekly) Highest CALL OI strikes (weekly)
24,000 | 23,000 | 23,500 25,000 | 26,000 | 25,200
Change in Open Interest
Maximum Call writing was observed at the 24,600 strike,
followed by the 24,700 and 24,500 strikes.
The Call unwinding was seen at the 25,400 strike, followed by
the 25,500 and 25,800 strikes.
The maximum Put writing was placed at the 24,400 strike,
followed by the 23,900, and 24,300 strikes.
MMaximum Put unwinding was seen at the 24,800 strike,
followed by the 24,700, and 24,600 strikes.
The Market Mood www.themarketmood.com 04
Bank Nifty
The Bank Nifty recorded a long bearish candle on the daily
timeframe with a lower high-low formation, trading below the
20-day SMA (or mid-Bollinger band) and the 50-day EMA,
indicating further signs of weakness.
The index fell 706 points to 51,257, with above-average
volumes. A negative bias was also observed in the momentum
indicators on both the daily and weekly scales.
Key Support Pivot Levels Key Resistance Pivot Levels
51,153 | 50,899| 50,487 51,976 | 52,231 | 52,642
Highest PUT OI strikes (weekly) Highest CALL OI strikes (weekly)
51,000 | 50,000 | 50,500 52,500 | 52,000 | 52,200
Change in Open Interest
Maximum Call writing was visible at the 52,000 strike followed
by the 51,800 strike and 51,500 strike.
There was hardly any Call unwinding seen.
The maximum Put writing was observed at the 50,800 strike,
followed by the 49,800 strike and the 49,900 strike.
Maximum Put unwinding was seen at the 51,500 strike, followed
by the 52,000 and 51,600 strikes.
The Market Mood www.themarketmood.com 05
Key Stocks to Watch
1. Tech Mahindra - IT services firm Tech Mahindra on Saturday said
its September quarter consolidated profit jumped 153.1% year-on-
year (YoY) to Rs 1,250 crore while revenue rose 3.5% YoY to Rs 13,313
crore.
2. RBL Bank - RBL Bank reported a 24% fall in its profit after tax (PAT)
on a year-on-year basis (YoY) at Rs 223 crore for the second
quarter ended September 2024 with a growth of 9% YoY in its net
interest income (NII).
3. Reliance Infrastructure - Shareholders of Reliance Infrastructure
have approved the company's plan to raise Rs 6,000 crore through
preferential issue of shares and qualified institutional placement
(QIP) route..
4. Alembic Pharma - Alembic Pharma received a USFDA approval
for Diltiazem Hydrochloride extended-release capsules used for the
treatment of high blood pressure & prevents chest pain
5. Jio FInancial - Jio Financial Services on Friday reported a 3%
uptick in September quarter net profit at Rs 689 crore versus Rs 668
crore reported by it in the year ago period.
6. Tata Consumer - Tata Consumer Products on Friday reported an
8% jump in its September quarter net profit at Rs 364 crore versus Rs
338 crore reported by the company in the year ago period.
7. PG Electroplast - The Board of PG Electroplast approved raising
up to Rs 1,500 crore through a qualified institutional placement.
8. L&T Finance - Non-bank lender L&T Finance reported a 17%
increase in its consolidated profit after tax at Rs 696 crore.
9. JSW Steel - JSW Steel will acquire 100% stake in Thyssenkrupp
Electrical Steel India jointly with JFE Steel Corporation, Japan.
The Market Mood www.themarketmood.com 06
Key Stocks to Watch
1. Star Cement - Vinit Kumar Tiwari resigned as the CEO of the Star
Cement with effect from October 18.
2. REC - The bankruptcy tribunal rejected REC Ltd's application
against Global Metal & Energy, saying the default occurred when
initiation of insolvency proceedings was barred amid the Covid
disruption.
Earnings Results Today :-
UltraTech Cement, Union Bank of India, Bajaj Housing Finance, 360
ONE WAM, Authum Investment & Infrastructure, Aurionpro
Solutions, Bhansali Engineering Polymers, CG Power and Industrial
Solutions, City Union Bank, Cyient DLM, Gravita India, HFCL, Jana
Small Finance Bank, Mahindra Logistics, NELCO, Route Mobile,
Solara Active Pharma Sciences, and Supreme Petrochem.
The Market Mood www.themarketmood.com 07
FIIs were net sellers with net selling amounting to
FII Rs.5,214 Cr on 18 October 2024
DIIs were net buyers with net buying amounting to
DII Rs.5,485 Cr on 18 October 2024
Weekly PCR of Indices
Change from
Indices PCR last session
Nifty 0.76 +0.25
Bank Nifty 1.26 +0.42
Fin Nifty 1.14 +0.59
MidCap Nifty 0.97 +0.30
A PCR (Put Call Ratio) above 1 indicates that the put open interest has exceeded the
call open interest. It indicates an increase in bullish sentiment.
A PCR below 1 indicates that the call open interest has exceeded the put open interest.
It indicates an increase in bearish sentiment.
However, it is important to analyse the overall trend of PCR to get a clear picture of the
overall sentiment shift in markets.
The Market Mood www.themarketmood.com 08
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