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Fin Nifty Falls 200 Points in 10 Mins on Expiry Day! – Post-Market Analysis

post-market analysis | marketfeed

NIFTY started the day at 19,521 with a gap-down of 21 points. After a small consolidation initially, the index broke the round level support of 19,500 and continued to move down strength to 19,255 level— a fall of nearly 300 points from the day’s high! Nifty closed at 19,281, down by 260 points or 1.34%.

Nifty chart October 23 - post-market analysis | marketfeed

BANK NIFTY (BNF) started the day at 43,822 with a small gap-up of 99 points (near the resistance zone of 43,800). The index initially fell to the 43,600 swing low (created last Friday). Then, it mostly consolidated till 2:30 PM, post which there was a fall of more than 575 points to 43,000 levels. The intraday fall was 800 points from the day’s high to the day’s low! BNF closed at 43,151, down by 571 points or 1.31%.

Bank Nifty chart October 23 - post-market analysis | marketfeed

All major indices closed in red. Nifty Media (-4.98%), Nifty PSU Bank (-3.7%), and Nifty Metal (-3.26%) fell the most.

Major Asian markets closed in the red. European markets are currently trading in the red.

Today’s Moves

Mahindra & Mahindra (+0.4%) was NIFTY50’s top gainer.

BSE (+7.52%) moved up sharply after the exchange said it would increase transaction charges on the equity derivatives segment, with effect from November 1.

Shares of CreditAccess Grameen (+7.4%) hit a 52-week high on the back of strong Q2 results and a rise in FY24 revenue guidance.

LTI Mindtree (-3.97%) was NIFTY50’s top loser. The stock has been witnessing a correction since the IT firm reported its Q2 results last week.

Laurus Labs (-9.6%) fell sharply after the pharma company reported a decline in net profit and revenue in Q2.

Markets Ahead

The Indian stock markets were under severe selling pressure post 2:30 PM today— there was a fall of more than 550 points in Bank Nifty, 200 points in Fin Nifty, and 150 points in Nifty! Now, all these indices are at major long-term support zones. If those supports are breached, we could see more bearishness in the markets.

Nifty: As you can see in the chart below, Nifty is at a very important support zone of 19,200-250 levels. If that level is breached, the index may fall to 18,800 levels. On the other hand, the important hurdle to cross on the upper side would be 19,500 levels.

Bank Nifty: Bank Nifty broke the important support zone near 43,500. Now, the 43,000 round level can still be considered as support. If that level is breached, we could expect a further decline to 42,600 levels. Meanwhile, the important resistance to watch out for will be 43,600 levels.



Our markets fell sharply today after the benchmark 10-year US treasury note rose above 5%. Moreover, deepening conflict in the Middle East has hurt investor sentiments in the overall Asian markets.

The Indian markets will be closed tomorrow (Oct 24) on account of Dussehra!

marketfeed wishes all our readers a very happy and prosperous Dussehra!

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Selling from ATH! Small-Cap, Mid-Cap Stocks Fall – Post-Market Analysis

volatility - post-market analysis | marketfeed

NIFTY started the day at 20,110 with a huge gap-up of 113 points. Right after opening, the index fell 195 points to 19,900 in the first 45 mins. It immediately bounced back over 100 points to 20,000 levels. The index was very volatile in this 100-point range throughout the day, making intraday moves of more than 650 points! Nifty closed flat at 19,993, down by 3.15 points or 0.02%.

BANK NIFTY (BNF) started the day at 45,893 with a gap-up of 323 points. Similar to Nifty, BNF fell 500 points to 45,400 levels initially and immediately bounced back another 200 points to 45,600 levels. The index was volatile in this range— making intraday moves of 1,700 points. BNF closed at 45,511, down by 59 points or 0.13%.

All indices except Nifty IT (+1.03%) and Nifty Pharma (+0.12%) closed flat-to-red. Nifty Media (-4.3%) fell the most. Nifty Smallcap 100 (-4.1%) and Nifty Midcap 100 (-3.05%) closed deep in the red.

Major Asian markets closed mixed. UK’s FTSE100 is currently trading in the green, while Germany’s DAX and France’s CAC40 are in the red.

Today’s Moves

TCS (+2.8%) was NIFTY50’s top gainer. The stock hit a 52-week high of ₹3,589.90 today after the IT major partnered with Dassault Systems as part of the Living Heart Project.

ITI (+12%) continued its strong up-move after the company said it has developed a laptop and micro PC in association with Intel Corporation. 

Brightcom Group (+4.8%) gained after the troubled company announced a reduction in its pledged shares.

PowerGrid shares turned ex-bonus today. The company had declared the issuance of bonus shares in a 1:3 ratio, which means 1 bonus share for every 3 shares held by shareholders as on the record date (Sept 12).

Sugar stocks Shree Renuka Sugars (-5.3%), Dalmia Bharat Sugar (-6.4%), EID Parry India (-5.1%), Balrampur Chini Mills (-4.5%), Bajaj Hindustan Sugar (-10.5%), and others fell sharply after the govt asked sugar mills to provide details of sales between May and August by today.

Markets Ahead

The Indian markets have faced rejection after the gap-up opening— exactly like how we discussed in yesterday’s post-market report. This is just a retracement, and markets can still be bullish till important support zones are breached.

Nifty: Now, the immediate support to watch out for is 19,900 levels. A breakdown from 19,975 levels (the previous swing) could take the index down to 19,900 and 19,820 levels. Meanwhile, immediate resistance is at 20,000 round levels, and the next important resistance is today’s high or all-time high (ATH) of 20,100 levels. A breakout from 20,000 may take the index to 20,100 and above (the targets can be trailed).

Bank Nifty: The immediate support in Bank Nifty is near 45,300 levels. A breakdown from there could give us a target of 45,000. The immediate resistance is near 45,600; a breakout from this level can give us a target of 45,850 again.

FIN NIFTY: Being Fin Nifty expiry today, the index was also volatile. It created spikes on the put sides initially, but the premiums cooled down later. The index was trading in a 100-point range with volatile moves after the initial fall of 200 points from the opening.

Make sure directional trades are taken only after confirmation and re-test of the levels.

How did FIN NIFTY expiry go? Let us know in the comments section of the marketfeed app.

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Calm Fin Nifty Expiry! – Post-Market Analysis

post-market analysis | marketfeed

NIFTY started the day at 19,374 with a gap-up of 68 points. The index immediately fell below the resistance levels of 19,360 levels and mostly moved in a very small range of 40 points throughout the day between 19,320 and 19,360 levels. Nifty closed at 19,342, up by 36 points or 0.19%.

Nifty chart August 29 - post-market analysis

BANK NIFTY (BNF) started the day at 44,655 with a gap-up of 161 points. Initially, the index fell to 44,500 levels. Then, similar to Nifty, BNF also consolidated within a range of 100-120 points and closed exactly at yesterday’s closing price of 44,495.

Bank Nifty chart August 29 - post-market analysis

All indices except Nifty PSU Bank (-0.49%), Nifty FMCG (-0.33%), and Nifty Pharma (-0.27%) closed flat-to-green. Nifty Realty (+1.69%) and Nifty Metal (+1.28%) moved up the most.

Major Asian markets closed in the green. European markets are currently trading in the green.

Today’s Moves

Hindalco (+2.18%) was NIFTY50’s top gainer. 

Other metal stocks like Jindal Stainless (+3.68%), NALCO (+2.54%), Jindal Steel (+3.12%), Tata Steel (+1.6%), etc., also moved up with strength. 

BEML (+13.17%) surged on the back of a strong order book position of over ₹10,000 crore.

Bharti Airtel (-1.74%) was NIFTY50’s top loser. In a block deal, 1.1 cr shares (0.16% equity) of the telecom company worth ₹922.8 crore changed hands at an average of ₹852.9 per share.

Union Bank (-6.3%) fell sharply today. The bank raised equity capital of ₹5,000 crore through a qualified institutional placement (QIP) on Aug. 25, 2023.

Markets Ahead

Buyers are trying to hold the important support levels of 19,300 in Nifty and 44,500 in Bank Nifty. Both indices haven’t crossed the levels we discussed in yesterday’s post-market analysis, and consolidated today.

Nifty: The immediate support for Nifty will be 19,300, and immediate resistance will be 19,360 levels. A breakout from here could give us a target of 19,420, and a breakdown can give us targets of 19,240 and 19,100, eventually.

Bank Nifty: The make-or-break level will be 44,500 as the index closed exactly there. A gap down could take the index to 44,430 and 44,350 on the downside. Meanwhile, 44,670 and 44,750 levels can be watched on the upside.

Fin Nifty: The index had a very calm day as the index consolidated throughout the day within the 50-point range (near 19,800). So it was an easy day for option sellers today.

Heavyweight stock Reliance Industries has fallen for the fourth consecutive trading session, exerting downward pressure on Nifty! This marks the first time in three months that RIL has experienced such sustained losses.

How did FIN NIFTY expiry go? Are you in net profit or loss today? Let us know in the comments section of the marketfeed app.

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NIFTY Closes Above 17,700. IT, Energy Stocks Shine – Post-Market Analysis

post-market analysis | marketfeed

NIFTY opened the day at 17,680 with a gap-up of 86 points. The index was moving up after the opening and gained nearly 200 pts by 11 AM. But it faced a good sell-off at 17,800 resistance and moved down. NIFTY closed the day at 17,711, up by 117 points or 0.67%. 

BANK NIFTY started the day at 41,418 with a gap-up of 167 pts. It initially moved up 250 points, took support near 41,670, and started to fall. BNF fell more than 410 points to 41,260 and then shot up in the last 30 mins to close at 41,350, up by 99 pts or 0.24%.

NIFTY IT (+1.2%) and NIFTY Auto (+0.9%) moved up the most. NIFTY Realty (-0.52%) and NIFTY PSU Bank (-0.23%) were the only indices that closed in the red today.

Major Asian markets closed mixed. The German and French markets are trading in the green, while the FTSE100 (UK) is in red.

Today’s Moves

Adani Ent (+5.5%), Adani Green Energy (+5%), and Adani Trans (+5) continued their rally amid reports that the Adani Group will hold fixed-income roadshows this month in London, Dubai, and several cities in the US (to boost investor confidence).

Tata Motors’ (+2.8%) subsidiary ​​Jaguar Land Rover posted a 33% YoY increase in sales in the UK market in Feb.

ONGC’s (+2.5%) rise after can be attributed to the government’s decision to cut the windfall tax on diesel exports.

Mahanagar Gas (+8.7%) shares surged after the company announced its first inorganic acquisition (of Unison Enviro) worth Rs 531 crore.

Global brokerage firm CLSA downgraded Britannia (-2.09%) from an ‘underperform’ rating to ‘sell’.

Hinduja Global Solutions (-10.18%) fell sharply after turning ex-buyback & ex-dividend.

Markets Ahead

Now, we have a very crucial resistance to watch- 17,800. Also, 17,840,17,865 and 17,925 can be marked as immediate resistances. On the downside, keep an eye on 17,660, 17,630, 17,490 and 17,440 as intraday supports. 

I don’t have any proper reason to consider the current recovery as a rally. It has a high chance of losing strength in the 17,800-880 zone.

Let’s see how Nifty reacts near the upper band of the falling channel.

Mark two levels in Bank Nifty: 41,100 and 41,700. A breakout from the levels can bring some momentum.

The Indian markets will be closed tomorrow (March 7) on account of Holi.

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Market Ends Flat Amidst Volatility – Post-Market Analysis

NIFTY opened the day at 17,905 with a gap-up of 61 points. The index was highly volatile throughout the day and showed some weakness. The index took multiple supports from yesterday’s low near 17,820. NIFTY closed the day at 17,826, down by 18 points or 0.1%. 

BANK NIFTY started the day at 40,784 with a gap-up of 83 pts. It was volatile during the first half and consolidated after that. The index closed at 40,673, down by 28 points or 0.07%.

NIFTY PSU Bank (-1.79%), NIFTY Realty (-1.2%) moved down the most today. NIFTY FMCG (0.11%) and NIFTY Finserv (+0.05%) were the only indices that closed in the green.

Major Asian markets closed mixed. European markets are trading in the red.

Today’s Moves

NTPC’s (+3.1%) green energy arm has invited bids for a rupee-denominated term loan of up to ₹9,000 crore.

Tata Power (+2%), Adani Power (+4.9%), and PowerGrid (+0.65%) surged after the Ministry of Power invoked Section 11 of the Electricity Act to meet the expected rise in power demand. [Section 11 mandates all imported coal-based generating power plants to operate and generate at their full capacity.]

Adani Ent (-3.1%) emerged as NIFTY 50’s top loser. The Adani Group’s total market cap has fallen below the $100 billion mark since Hindenburg Research released its harsh report.

Shares of PSU banks PNB, Union Bank, IOB, Central Bank, Canara Bank, UCO Bank, Bank of India ended 1.2 to 6.5% lower.

Markets Ahead

As we discussed last Friday, the market is still in the range of 17,730-18,250 as it missed a major trigger. Because of the weakness in Bank Nifty, Nifty is trading lower and we need to watch three major levels- 17,820 and 17,765, and 17,720.

Bank Nifty would see a fall with momentum only if 40,480 is clearly broken. We can consider 40,000-40,100 as the immediate support zone and 39,450 as the major support. 

For the last many days, Bank Nifty was showing weakness and Nifty was consolidating. But it might change soon. You see, if Bank Nifty stays above 40,480, there might be a consolidation and we need to see how Nifty will react to this.

India’s GDP data will be out today. The minutes of the US Federal Reserve’s latest policy meeting will be released tomorrow (it would throw light on the central bank’s future interest rate hikes).

Did you trade in FINNIFTY expiry today? How’d it go? Let us know in the comments section of the marketfeed app!