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Stock Market Daily Updates: 30 Sep 2021

Today monthly F&O expiry could also keep the market volatile. Markets are likely to continue with its consolidation given the sharp run-up in the past few weeks and weak global cues.

Photo Credit :

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Dear Trader…

Indian equity benchmarks fell for second straight session on Wednesday dragged by losses in Finance, FMCG and Banking shares amid weaknesses from global markets. Markets made gap-down opening and traded in red for most part of the session. However, the market witnessed some positive movements in late hour of trading session but failed to hold gains and ended lower.

FII and FPIs, on Wednesday saw a net sold of Rs 1446.02 crore in the cash segment. A total of Rs 14395.40 crore was sold against a total purchase of Rs 12949.38 crore. Domestic institutional investors saw a net purchase of Rs 3262.16 crore in the cash segment. A total of Rs 10686.80 crore was sold against a total purchase of Rs 13948.96 crore.

Today monthly F&O expiry could also keep the market volatile. Markets are likely to continue with its consolidation given the sharp run-up in the past few weeks and weak global cues. All eyes would be on US treasury yields, global energy prices and the ongoing debt ceiling debate in US which would provide market direction in near term.


  • INDEX MOVEMENT - 30.09.2021


  • Nifty Future closed @ 17708 as on 29.09.2021..!!

Dear Traders,

Nifty Future has resistance at 17737 – 17777 Point; above which other resistance levels are at 17808 - 17818 Point with highly Volatile Trend, 

Nifty Future has Downside support levels are at 17676 – 17636 Point; below17636 Point, other support levels are at 17606 – 17575 Point.

I am positive for the next bullish trend only above @ 17808 Point but be with the trend. Let the market decide further moves. 

As we are saying from many days, Buying is suggested in falls only...and it’s still a better strategy in the given Scenario, regarding Long term positions, it is preferable to remain cautious now...!!

If Nifty Future crosses @ 17808 Point, again then the upper side target is quite high and it may touch @ 17838 Point in the short term...!!!

  • Bank Nifty Future closed @ 37878 as on 29.09.2021

Dear Traders,

Bank Nifty Future has resistance at 38008 – 38088 Point; above which other resistance levels are at 38188 – 38303 Point with highly Volatile Trend, 

Bank Nifty Future has Downside support levels are at 37808 – 37676 Point; below37676 Point, other support levels are at 37474 – 37404 Point.

I am positive for the next bullish trend only above @ 38303 Point but be with the trend. Let the market decide further moves. 

As we are saying from many days, Buying is suggested in falls only...and it’s still a better strategy in the given Scenario, regarding Long term positions, it is preferable to remain cautious now...!!

If Bank Nifty Future crosses @ 38303 Point, again then the upper side target is quite high and it may touch @ 38373 Point in the short term...!!

Ø Trading Idea for the derivative stocks….

  • KOTAK BANK @ Positive Trend @ Rs 2008 with Stoploss of Rs @ 1990 for the Target near @ Rs 2057 - 2060 in short term…..!!!
  • TATA STEEL @ Positive Trend @ Rs 1273 with Stoploss of Rs @ 1260 for the Target near @ Rs 1309 – 1320 in short term…..!!!
  • LUPIN LTD @ Positive Trend @ Rs 929 with Stoploss of Rs @ 919 for the Target near @ Rs 960 – 975 in short term…..!!!
  • SUN PHARMA @ Positive Trend @ Rs 787 with Stoploss of Rs @ 780 for the Target near @ Rs 818 – 823 in short term…..!!!
  • INDIGO @ Negative Trend @ Rs 2073 with Stop loss of Rs @ 2088 for the Target near @ Rs 1990 – 1973 in short term...!!!
  • HDFC BANK @ Negative Trend @ Rs 1616 with Stop loss of Rs @ 1623 for the Target near @ Rs 1585 - 1577 in short term...!!!
  • RAMCO CEMENT @ Negative Trend @ Rs 1008 with Stop loss of Rs @ 1015 for the Target near @ Rs 977 - 968 in short term...!!!
  • M & M @ Negative Trend @ Rs 828with Stop loss of Rs @ 838 for the Target near @ Rs 797 – 787 in short term..

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Nikhil Bhatt | Research Analyst - SEBI

The author is a well established entrepreneur having a more than 16 years of experience in the field of stock market and financial management.

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