Page 9 - Sameet Chavan News Today

If the Nifty50 decisively holds 19,500 as well as moved above the falling resistance trendline, then the index can start marching towards the high of October at 19,850

ICICI Securities expects the index to extend the ongoing pullback towards 19,450 in the coming weeks, as it represents a 61.8 percent retracement of the last decline leg (from 19,850 to 18,838). However, they anticipate this movement to be non-linear due to expected elevated volatility ahead of the US Fed meeting

DLF and Godrej Properties are two such stocks which are seeing buying interest on November 1. Both the stocks have gained more than 1 percent in the session with DLF surging by 2.5 percent to Rs 577.6 at 12:32 pm.

Crucial support for the Nifty50 is expected to remain at 18,800, the low of the last week, as beyond this point, it may slide down to 18,600-18,500. On the higher side, the immediate hurdle will be at 19,200-19,300, followed by 19,500

The market has started pricing in a scenario wherein global financial conditions would tighten up further and oil prices may stay higher, probably touching $100 a barrel mark, in coming months.

For a further up-move, the index needs to close above a bearish gap created on September 21 in the 19,850-19,900 zone for a move towards the 20,000 mark, whereas on the lower side, the immediate support will be at 19,600, followed by 19,500, experts said

Vodafone Idea share price: On BSE, around 11.16 crore shares changed hands today. This was way more than the two-week average volume of 4.67 crore shares. Turnover on the counter stood at Rs 130.62 crore, commanding a market capitalisation (m-cap) of Rs 57,539.39 crore.

Overall, the index has still been in the range with 19,750-19,800 likely to act as a crucial resistance as breaking of the same can drive the Nifty50 towards 20,000 mark, whereas 19,500 is expected to be immediate support and 19,200 may be crucial support for the index, experts said

Since the broader markets are overstretched, failing to clear the high might trigger some profit-booking. Traders should remain extremely stock-specific and follow strict stop-losses, advised experts

Amid positive global cues, bullish momentum drives benchmark indices to new highs. The Sensex and Nifty have gained, with auto and PSU banks up 1 percent. Traders are advised to buy on intraday dips, focusing on psychological support levels at 20,000, while also considering potential resistance at 20,200 and 20,450.