Trade setup for October 07: Top 15 things to know before the opening bells
If the Nifty 50 manages to defend the 25,000 mark, which is the immediate support, then the levels to watch in the short term are 25,100 and 25,250. However, on the lower side, 24,900 is expected to be a crucial support, according to experts.
Technical View: Nifty bulls break above key EMAs, eyeing 25,200; Bank Nifty trendline breakout above 56,000 points to further rally
Weekly options data suggested that the Nifty 50 may face a hurdle at the 25,200-25,500 range, with support at 24,900.
Trading Plan: Can Nifty 50 target third session of gains, Bank Nifty reclaim 55,800?
For further upward movement, the Nifty 50 needs to reclaim and sustain above 25,000 for a potential move toward 25,100–25,200. However, until then, consolidation may be seen, with immediate support at 24,750, followed by 24,600 as crucial support.
Trade Spotlight: How should you trade Aditya Birla Capital, Hero MotoCorp, JSW Steel, Can Fin Homes, Shyam Metalics, Poonawalla, and others on October 06?
The market is expected to gain further strength only if it decisively climbs above the midline of the Bollinger Bands. Below are some short-term trading ideas to consider.
Trade setup for October 06: Top 15 things to know before the opening bells
The 25,000 level is expected to be a crucial hurdle for any further uptrend toward 25,100–25,250 in the Nifty 50. Until then, consolidation and rangebound trading may persist, with support at 24,600, experts said.
Chartist Talk: Sudeep Shah keeps these two stocks on radar for next week, sees 25,100 as crucial zone for further Nifty rally
The zone of 25,050–25,100 will act as a crucial resistance area for the Nifty 50, as it coincides with the 61.8 percent Fibonacci retracement of the recent decline, said Sudeep Shah of SBI Securities.
Monetize Vega, the impact of implied volatility: Shubham Agarwal
Implied Volatility is the momentum input in the Option Premium. This is what defines how much of the expected move is priced into the Option Premium.
Chartist Talk: Four-digit mark likely for this logistics stock, Bank Nifty to hit new highs well before Nifty 50
The support for the Bank Nifty is around 54,800 while next resistance is around 55,800 and 56,500 for the next few sessions, Arun Kumar Mantri said.
Technical View: Bulls to strengthen if Nifty reclaims 25,000, Bank Nifty eyes September high as VIX hits 2-week low
The India VIX, which measures the expected market volatility, remained subdued for the fourth consecutive session, providing comfort to bulls. It was down by 2.21 percent to 10.06, the lowest closing level since September 19.
Chartist Talk: Close above 25,000 crucial for sustainable rally in Nifty 50, these 2 stocks look overbought now, says Rahul Ghose of Hedged
Overall, the daily and weekly timeframe trend continue to be in a sideways band Nifty 50. There is no clear direction as far as Nifty is concerned, said Rahul Ghose of Hedged.
Trading Plan: Will Nifty 50, Bank Nifty build on Friday’s rally?
As long as the Nifty 50 stays above 24,600, a buy-on-dips strategy is advised by experts.
Trade Spotlight: How should you trade L&T Finance, Bank of India, Nykaa, Axis Bank, Laurus Labs, and others on October 03?
The market needs to surpass short- and medium-term moving averages for a persistent uptrend. Below are some short-term trading ideas to consider.
Trade setup for October 03: Top 15 things to know before the opening bells
The Nifty 50 needs to surpass and sustain above 25,000 for a sharp upward journey. Until then, it may see consolidation and range-bound trading, with 24,600 acting as support — a level that has been defended in the previous three sessions, experts said.
Technical View: Healthy start to October: 25,000 marks key hurdle for Nifty's rally; Bank Nifty surges above all EMAs post RBI policy
The volatility index, India VIX, fell sharply by 7.03 percent to 10.29 and dropped below short-term moving averages, providing strong comfort for the bulls.
Experts pick 10 rate-sensitive stocks after RBI keeps rates unchanged
Moneycontrol collated a list of the top 10 rate-sensitive stocks, curated by experts with a 3–4-week perspective on the basis of the closing price of September 30, following the Reserve Bank of India's decision to maintain the status quo on rates.
Nifty ends September with heavy FPI shorts, high rollovers; October series opens on a cautious note
Extreme FPI shorts could spark intermittent relief rallies, though these rallies may face heavy supply near resistance zones.
Trading Plan: Can Nifty 50 sustain above 24,600, Bank Nifty climb over 54,800 on RBI policy day?
The Bank Nifty needs to close above 54,800 (the previous day’s high and midline of Bollinger Bands) for an upward journey toward 55,000–55,100, but sustaining below it, the index may consolidate with 54,200 as support, experts said.
Trade Spotlight: How should you trade SAIL, Bank of Baroda, Jindal Steel, Hindustan Zinc, Hero MotoCorp, and others on October 01?
The consolidation may continue until the market moves back above the short-term moving averages. Below are some short-term trading ideas to consider.
Trade setup for October 01: Top 15 things to know before the opening bells
If the Nifty 50 breaks 24,500—coinciding with the upward-sloping support trendline—the fall may extend toward the August lows in the 24,400–24,300 zone. However, on the upside, the index may face resistance at the 24,700–24,900 levels, according to experts.
Technical View: Bears could be unstoppable if Nifty breaks rising support trendline; Bank Nifty outperforms for second day
Based on the weekly options data, the Nifty 50 is expected to take support at the 24,600–24,500 zone, with resistance at 24,700–24,900.
Trading Plan: Can Nifty 50 snap back after 7-day slide, Bank Nifty extend gains on F&O expiry?
The Nifty 50 is likely to face resistance at the 24,800–24,900 zone; however, the immediate support is placed at 24,600 and 24,500, below which selling pressure may widen. Meanwhile, if the Bank Nifty continues its previous day’s uptrend, 54,700–55,000 is the immediate zone to watch on the higher side; however, 54,200–54,000 can act as support levels, experts said.
Trade Spotlight: How should you trade BSE, Bank of Baroda, Tech Mahindra, Axis Bank, GMDC, Usha Martin, and others on September 30?
The market is expected to see some consolidation in the upcoming sessions after the recent sharp downmove. Below are some short-term trading ideas to consider.
Trade setup for September 30: Top 15 things to know before the opening bells
The Nifty defended the 24,600 level for another session, which now acts as immediate support, followed by 24,500 (upward-sloping support trendline) and 24,400 (200-day EMA). On the upside, the hurdle is placed in the 24,800–24,900 zone, according to experts.
Technical View: Nifty falls for 7th day, selling pressure may continue if index breaks 24,600 support; Bank Nifty signals indecision after sharp fall
The monthly options data indicated that the Nifty could remain in the 24,500-25,000 range in the short term.
