The week ending on 8th Of Oct, Markets bounced back to a high of 17940 level and settled at 17900 level up by 2.11% on weekly basis while Banknifty is up by 1.5% on weekly basis at 37917 level with mixed global sentiments and in-line expectations on RBI policy with no change in rates and Moody’s upgrades to India’s outlook to stable from negative.
On the sectoral front, Nifty IT index outperformed other indices with a gain of 4.6 percent, and media and auto indices added 4.5 percent each.
| Top Weekly Gainers | ||
| Name | LTP | %change |
| Tata Motor | 382.95 | 14.9% |
| ONGC | 160.95 | 10.1% |
| Titan | 2358.20 | 9% |
| Top Weekly Losers | ||
| Name | LTP | %change |
| Cipla | 917.10 | 7% |
| Grasim | 1598.80 | 4.7% |
| Shree Cement | 27757 | 4.6% |
Nifty:
Nifty if it sustains above 17950 its major resistance will be 18088 and above that 18200 / 18500 Its immediate support levels for next week are 17750 and 17630
Nifty’s OI data suggests that
Call:
Highest Call OI is at 18000 followed by 18500 / 18200 / 18300
Put:
Highest Put OI data is at 17800 followed by 17000 / 17700 / 17600
BankNifty:
For Next week Bank Nifty has a support near 37730 & 37525 levels and on upside it has a resistance at 38365 / 38749 / 39860.
Bank Nifty’s OI data suggests that
Call:
Highest OI data on call side is at 38000 followed by 39000 / 40000 levels
Put:
Highest Put OI data is at 37000 followed by 37500 / 36500 levels.
Ashoka:
The stock has observed highest volumes after August 2020. Buy the stock at CMP 116 and on DIPS till 110 / 105 for a target of 120 / 130 / 140 / 170
Mtartech:
Stock has seen an increase in volume and also closed above its previous all-time High. Buy the stock at CMP 1613 and on DIPS till 1590 / 1535 for a target of 1671 & 1892.
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