Volatility to Continue In This Week 0 1256

Negative Points:

• Oil prices reversed their downtrend since early this month.
• Saudi Arabian shares tumbled on rising diplomatic tensions between Riyadh and the West.
• Pound falls after no agreement reached ahead of EU summit.

Positive Points:

• India VIX fell sharply by 9.34 percent to 18.62 levels.
• Since markets are in over sold conditions, any short covering backed by good results, will be sharp.

Outlook

• Investors were also bracing for a European Union summit meeting from Wednesday.
• Markets opening lower in Asia today
• Stock markets would remain closed on Thursday for Dussehra.
• Quarterly earnings from blue-chips like Infosys and RIL as well as a movement of the rupee and crude oil prices will dictate the market trend in the holiday-shortened week ahead.
• Today IndusInd Bank results are due and it will decide the direction for Bank Nifty.
• Nifty likely to face resistance at 10600 and Support at 10400

Nifty50 Chart Analysis:  

• The Nifty 50 formed a strong bullish candle on the daily scale and Hammer kind of formation on the weekly candlestick chart.

FII & DII Net Purchase / Sales

• FII: -1,322.13Cr
• DII: 1,287.29 Cr

Options Data Tracking

Max Pain

• Nifty max pain level currently at 10700
• Bank Nifty max pain level currently at 25200

Put Call Ratio

• Nifty PCR at 0.99
• Nifty Bank PCR at 1.17.

Max O.I Strikes

• Nifty: 11000CE, 10000PE
• Bank Nifty: 25000CE, 24000 PE

FnO Stocks under Ban

• IDBI
• ADANIPOWER

Earnings to Watch

• Monday, October 15, 2018
  • Brahmaputra Infrastructure
  • Delta Corp
  • Indiabulls
  • IndusInd Bank
  • MT Educare
  • Monnet Ispat
  • Oberoi Realty
  • Pitti Engineering
  • Reliance Industrial
  • South Indian Bank
  • TV18 Broadcast
  • Trident
  • Zee Learn Ltd
  • Zee Media Corp Ltd            
• Tuesday, October 16, 2018
  • ACC
  • Blue Dart Express
  • Federal Bank
  • Hatsun Agro Product Ltd
  • Hero MotoCorp
  • Infosys
  • Jammu and Kashmir Bank
  • Kitex Garments Ltd
  • Mahindra CIE Automotive Ltd
  • Menon Pistons
  • PMC Fincorp Ltd-BO
  • Shakti Pumps India Ltd
  • Symphony Ltd
• Wednesday, October 17, 2018
  • Cyient Ltd-B
  • Development Credit Bank
  • Havells India
  • MindTree
  • NIIT Technologies
  • Reliance Industries
  • Responsive Industries Ltd
  • Sintex Industries
• Thursday, October 18, 2018
  • Mphasis
• Friday, October 19, 2018
  • Capital Trust
  • Capital Trust
  • EMCO Ltd
  • HCL Technologies
  • Hester Biosciences Ltd
  • Keltech Energies
  • Kirloskar Oil Engines
  • NIIT
  • Rpg Life Sciences Ltd
  • Sagar Cements Ltd
  • State Bank of Bikaner and Jaipur
  • UltraTech Cement
• Saturday, October 20, 2018
  • HDFC Bank