WEEKLY MARKET

RESEARCH
24 October – 28 October
Currency/Yield/ Close 1 Day % Change
Commodities
Currency
USD INR 82.5025 -0.27%
Dollar Index 112.28 -0.2
EURO USD 0.9992 -0.58%
GBP USD 1.1583 -0.03%
JPY 146.49 0.01%
Swiss Franc 1.01 -0.1

Commodities ($)
Gold 1,640.00 -0.1
Brent 92.93 0.4
Copper 7,450.00 1.3
Silver 19.30 1.0
Yield (bps change)
India 10 7.45 0.029
US 4.03 -0.044
EURO 2.14 -0.017
Japan 0.24 0.001

Sectoral Indices Performance

Sectoral Indices Close 1 Day % Change

Sensex 60747 1.31

Nifty 18012 1.27
BSE Auto 30719 1.57
Bankex 47399 0.75
Capital Goods 33266 1.54
Consumer Durables 42669 1.41
FMCG 16,131.2 0.7
Healthcare 23924 1.21
IT 28931 1.26
Metal 19025 0.20
Oil & Gas 19488 1.25
Power 4867 0.75
Realty 3493 0.59
BSE 500 24,589.6 1.2
BSE Midcap Index 25,359.0 1.2
BSE Small Cap 28,817.6 0.5
MARKET OVERVIEW
Indices LTP Change Indices LTP Change (%)
(%)
NIFTY 50 18012.20 1.27 SENSEX 60746.59 1.31
NIFTY BANK 41307.90 0.77 S&P AUTO 30719.01 1.57
INDEX
INDIA VIX 15.80 -0.75 S&P BANKEX 47398.64 0.75
NIFTY IT 28727.60 1.45 S&P BSE-METAL 19024.82 0.20
INDEX
NIFTY MIDCAP 100 31432.30 1.38 S&P BSE-OIL & 19487.91 1.25
GAS INDEX
NIFTY NEXT 50 42623.85 1.03 S&P BSE - 100 18405.94 1.24
NIFTY 500 15424.00 1.20 S&P BSE - 200 7851.20 1.26
NIFTY FMCG 44296.30 0.80 S&P BSE - 500 24589.55 1.19
NIFTY PSE 4276.55 0.44 S&P BSE - FMCG 16131.19 0.70
NIFTY MNC 19909.60 0.85 S&P BSE - 28930.65 1.26
INFOTECH
NIFTY SERV 24726.40 1.34 S&P BSE TECK 13595.68 1.45
SECTOR INDEX
NIFTY ENERGY 26672.65 0.68 S&P BSE - 33266.16 1.54
CAPITAL
GOODS
NIFTY PHARMA 13212.25 1.26 S&P BSE - 42669.45 1.41
CONS.
DURABLES
NIFTY INFRA 5234.70 1.36 S&P BSE PUBLIC 9509.84 0.42
SECTOR
NIFTY REALTY 438.65 0.57 S&P DOLLEX-30 6028.76 1.00
NIFTY PSU BANK 3461.05 0.64 S&P DOLLEX- 2301.71 0.93
100
NIFTY MIDCAP 50 8690.35 1.27 S&P DOLLEX- 1580.11 0.95
200
NIFTY DIV OPPS 50 3749.25 0.92 S&P BSE- 4874.22 1.35
GREENEX
NIFTY SMLCAP 100 9686.10 0.13 S&P BSE- 2986.57 1.29
CARBONEX
NIFTY 7965.05 1.28 S&P BSE SME 20028.66 -0.16
CONSUMPTION IPO
NIFTY AUTO 13381.65 1.45 S&P BSE INFRA 292.66 0.93
NIFTY METAL 5896.35 0.22 CPSE 1700.53 0.27
NIFTY 200 9544.40 1.27 S&P BSE 7060.49 1.15
ALLCAP
NIFTY MEDIA 2062.35 0.33 S&P BSE 6745.89 1.43
INDSTR
NIFTY 5786.85 1.08 S&P BSE 5591.91 -3.05
COMMODITIES BASMTR
NIFTY ALPHA 50 30520.50 0.89 S&P BSE CDGS 6037.43 -2.40
NIFTY100 LIQ 15 4720.25 0.92 S&P BSE 8609.78 1.24
ENERGY
NIFTY CPSE 2799.65 0.23 S&P BSE FIN 8603.19 -1.55
NIFTY50 VALUE 20 9013.35 1.10 S&P BSE 6996.81 1.27
LRGCAP
NIFTY GROWSECT 9100.85 1.16 S&P BSE 10068.26 1.16
15 MIDSEL
NIFTY50 PR 2X LEV 8911.55 2.48 S&P BSE 4788.07 0.57
SMLSEL
NIFTY50 PR 1X INV 248.60 -1.23 S&P BSE 1781.90 1.35
TELCOM
NIFTY50 TR 2X LEV 12432.80 2.50 S&P BSE UTILS 3989.10 0.63
NIFTY50 TR 1X INV 210.65 -1.22 S&P BSE 18969.25 1.26
SNSX50
NIFTY MID LIQ 15 7729.80 1.29 SNXT50 50081.00 1.16
NIFTY PVT BANK 21193.90 0.37 S&P BSE 4729.76 0.76
BHARAT 22
NIFTY100 3936.10 1.14 S&P BSE 100 302.33 1.27
QUALTY30 ESG
NIFTY GS 8 13YR 2289.90 -0.12 S&P BSE 150 8968.45 1.29
MIDCAP
NIFTY GS 10YR 2025.29 -0.22 S&P BSE 250 3876.60 0.38
SMALLCAP
NIFTY GS 10YR 857.42 -0.24 S&P BSE 250 7419.16 1.25
CLN LRGMIDCP
NIFTY GS 4 8YR 2501.59 -0.10 S&P BSE 400 6776.40 1.00
MIDSMLCP
NIFTY GS 11 15YR 2493.34 -0.22 BSE DIV 598.37 0.67
STABILITY
NIFTY GS 2701.21 -0.17 BSE ENHANCED 437.73 0.15
15YRPLUS VALUE
NIFTY GS 2364.06 -0.19 BSE LOW 1209.03 0.81
COMPSITE VOLATILITY
NIFTY50 EQL WGT 20548.75 1.07 S&P BSE 1280.16 1.18
MOMENTUM
NIFTY100 EQL 20810.05 1.03 S&P BSE 1191.14 0.76
WGT QUALITY
NIFTY100 13229.65 1.06 S&P BSE 1041.70 0.39
LOWVOL30 DFRGRI
NIFTY MIDCAP 150 11868.15 1.30 S&P BSE 6659.42 1.24
LCTMCI
NIFTY SMLCAP 50 4310.40 0.33 S&P BSEPBI 15394.56 0.71
NIFTY SMLCAP 250 9372.00 0.37
NIFTY MIDSML 10972.80 1.00
400
NIFTY200 14532.90 1.03
QUALTY30
HANGSENG BEES- 2297.11 0.00
NAV
NIFTY 100 18243.40 1.26
NIFTY 8401.85 1.09
HEALTHCARE
NIFTY500 10022.05 1.05
MULTICAP
NIFTY CHART

BANK NIFTY
WEEKLY TECHNICAL OUTLOOK
 Markets zoomed higher on Monday evening on the back of the Muhurat Trading session. It was the sixth
consecutive session of daily gains for the Nifty. Nifty finally gained 154.5 points or 0.88% to close at
17,730.8. Broad market indices like the BSE Small Cap index gained more, thereby outperforming the
Sensex/Nifty. Market breadth was positive on the BSE/NSE.
 Zooming into 15 minute chart, we see Nifty initially opened with an up gap and then traded in a range as
it held on to the opening gains.
 In the process, the Nifty has broken out of a 4-day range and the 20 period MA has moved above the 50
period MA, indicating the short term uptrend looks set to continue.
 On Daily chart, we observe that Nifty has broken out of a downward sloping trend line that has held down
the highs of 2021 and 2022. In the process, the index has also cleared the 20 and 50 day SMA and now
comfortably trades above them.
 A momentum reading like the 14-day RSI too are in rising mode and at 60.81 are not overbought and
suggests scope for more upsides.
 We therefore expect the Nifty to gradually move higher towards the previous intermediate highs of
18096 in the coming sessions. Crucial supports to watch for emergence of weakness are now at 17520-
17421.
 Nifty rose in the closing minutes of trade on Oct 27 which was a monthly F&O expiry day. Nifty opened
higher, and later fell to make an intraday low at 1440 Hrs. A swift recovery post 1500 Hrs led the Nifty to
end in positive. At close, Nifty was up 0.46% or 80.6 points at 17736.9.
 Among sectors, Realty. Oil & Gas, Metals and Power indices rose the most while IT index fell the most.
Broad markets indices mildly underperformed the Nifty even as the advance decline ratio was positive at
1.23:1.
 Asian markets benefited from speculation among investors that major central banks are considering
slowing their aggressive interest hikes, given signs of an economic slowdown. European markets were
mixed ahead of the monetary policy announcement from the European Central Bank due at 8.15 AM ET.
The central bank is widely expected to hike its benchmark rate by 75 basis points to combat rising
inflation. Survey results from the market research group GfK showed that German consumer confidence
is set to improve in November.
 In the US, the Commerce Department's report due at 8:30 a.m. ET is expected to show GDP growth likely
rebounded at a 2.4% annualized rate last quarter after two straight quarterly declines. Nifty bounced up
after a one day decline. Nifty could now face resistance in the 17812-17839 band while 17637-17655
band could provide support.
 Nifty rose for the second consecutive session on Oct 28 after a see-saw session. Nifty opened higher and
made an intraday high at 1015 Hrs. It later fell to make an intraday low at 1355 Hrs. A late recovery
followed. At close, Nifty was up 0.28% or 49.9 points at 17786.8.
 Volumes on the NSE were lower than the recent average. Among sectors, Auto & Oil & Gas indices rose
the most while Metals and Bank indices fell the most. Broad market indices ended in the negative even as
the advance decline ratio fell to 0.65:1.
 Asian stock markets were mostly lower on Friday as Chinese cities - Guangzhou and Wuhan - introduced
new COVID-19 curbs, while a broader rout in technology stocks spilled over into Asia after a slew of weak
earnings from U.S. heavyweights. European equities retreated as investors digested a flurry of corporate
 earnings after disappointing results from US tech giants and rising fears of a global recession and
expectations of monetary policy tightening amid slowing economic growth dampened sentiments.
 Nifty moved above the high-low range of the previous three sessions and closed at the highest in more
than 5 weeks. Sectoral rotation is keeping the Nifty afloat in volatile times. On a weekly basis, Nifty gained
1.20% building on the gains of the previous week. Nifty could now head towards 17838-17919 band while
17568-17637 band could offer support.