Pre-market Setup for Thursday: Things to know before opening bell

The market continued its upward trajectory for the second consecutive session on October 11, with the Nifty50 breaching the 19,800 level, aligning with expectations. Experts suggest that if the Nifty sustains levels between 19,750 and 19,800 in the upcoming sessions, it may reach the 20,000 mark. Support levels are seen at 19,600-19,500.

On this day, the BSE Sensex surged by 394 points to reach 66,473, while the Nifty50 gained 122 points to hit 19,811. A bullish candlestick pattern with a minor upper shadow was formed on the daily charts.

The daily momentum indicator has signaled a positive crossover, and any market dips are viewed as buying opportunities.

The Nifty Midcap 100 and Smallcap 100 indices gained half a percent and 0.8 percent, respectively. Broader market breadth remained positive, with about two shares advancing for every share declining on the NSE.

Key Support and Resistance Levels for Nifty:

• Support: 19,771, 19,752, 19,720

• Resistance: 19,834, 19,853, 19,885

For the Nifty Bank:

• Support: 44,432, 44,361, 44,247

• Resistance: 44,661, 44,731, 44,846

Regarding Call Options Data:

• Maximum Call Open Interest (OI): 20,000 strike

• Meaningful Call Writing: 20,000 strike

• Maximum Call Unwinding: 19,700 strike

Put Option Data Highlights:

• Maximum Put Open Interest: 19,600 strike

• Meaningful Put Writing: 19,800 strike

• Put Unwinding: 19,100 strike

Stocks with High Delivery Percentage:

• Bharti Airtel, Larsen & Toubro, Max Financial Services, Pidilite Industries, Bajaj Auto

Stocks with Long Build-Up:

• India Cements, Tata Chemicals, Deepak Nitrite, City Union Bank, SRF

Stocks with Long Unwinding:

• Coal India, Coromandel International, Escorts Kubota, L&T Finance Holdings, Infosys

Stocks with Short Build-Up:

• ICICI Prudential Life Insurance Company, Bank of Baroda, IndiaMART InterMESH, Balrampur Chini Mills, Coforge

Stocks with Short Covering:

• MCX India, UltraTech Cement, Titan Company, Hero MotoCorp, ITC

These 15 data points aim to provide insights for profitable trades in the market.

Results on October 12: Earnings releases for Infosys, HCL Technologies, HDFC Asset Management Company, Anand Rathi Wealth, Angel One, Tata Metaliks, Facor Alloys, International Travel House, JTL Industries, Kesoram Industries, Kintech Renewables, Roselabs Finance, Shah Metacorp, Sical Logistics, Value Industries, Vandana Knitwear, and Videocon Industries are scheduled for October 12.

Stocks in the News:

• Tata Consultancy Services (TCS) reports Q2 results

• Plaza Wires makes its debut on the BSE and NSE on October 12

• IndusInd Bank receives RBI approval for SBI Mutual Fund's acquisition

• Delta Corp records consolidated profit for Q2

• PCBL obtains two patents for invention from the Indian Patent Office

• Pricol enters a cooperation agreement with Heilongjiang Tianyouwei Electronics

• Cipla receives an Establishment Inspection Report (EIR) from the USFDA

• Fund Flow: FII offloaded Rs 421.77 crore, while DII purchased Rs 1,032.02 crore worth of stocks on October 11

• F&O Ban List Update: Balrampur Chini Mills, Hindustan Copper, and India Cements added; Indiabulls Housing Finance, L&T Finance Holdings, Manappuram Finance, Punjab National Bank retained; Delta Corp and MCX India removed

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