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

The market experienced a downturn on October 9, erasing gains from the previous two days due to escalated conflict between Israel and Palestine, which pushed up oil prices.

The Nifty50 defended the 19,500-19,450 range amid volatility, and if this holds, it may resume an upward rally toward 19,600-19,800. Support remains at 19,300 levels.

The BSE Sensex dropped 483 points to 65,512, while the Nifty50 rose 141 points to 19,512 but formed a bearish candlestick pattern.

On the daily charts, the Nifty retraced from its recent highs and is expected to find support around 19,500-19,460, with the 61.82 percent Fibonacci retracement level.

The Nifty Bank opened with a loss of around 300 points on October 9, closing below the 44,000 mark. Immediate support is at 43,800-43,500, while resistance is at 44,000.

The weekly options data suggests maximum Call open interest at 19,800 strike, followed by 20,000 and 19,600 strikes. Call writing was observed at 19,800 strike.

On the Put side, maximum open interest remains at 19,500 strike, followed by 19,000 and 19,400 strikes. Put writing was seen at 19,200 strike.

Stocks with high delivery percentage include ACC, Deepak Nitrite, Mahindra & Mahindra, Hindustan Unilever, and ICICI Bank.

11 stocks saw a long build-up, including HCL Technologies, Aurobindo Pharma, Metropolis Healthcare, Tata Consumer Products, and L&T Technology Services.

85 stocks witnessed long unwinding, including SBI Life Insurance Company, Bosch, Granules India, Indraprastha Gas, and Bajaj Finserv.

Short build-up was observed in 79 stocks, including United Breweries, Ipca Laboratories, Persistent Systems, Atul, and Hero MotoCorp.

Nine stocks saw short-covering, including Delta Corp, Dr. Lal PathLabs, Laurus Labs, ONGC, and Alkem Laboratories.

Ashish Rameshchandra Kacholia purchased 6,22,800 lakh equity shares of Saakshi Medtech and Panels at an average price of Rs 167.01 per share, amounting to Rs 10.4 crore.

GM Breweries will release its earnings for the July-September period on October 10.

Stocks in the news include GR Infraprojects, Genus Power Infrastructures, Glenmark Life Sciences, Mazagon Dock Shipbuilders, Dilip Buildcon, Bhageria Industries, and Indian Oil Corporation.

Disclaimer: The information provided here is for informational purposes only and does not constitute investment advice. Always do your own research before making any investment decisions.