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Stock Market Daily Updates: 5 Oct 2021

Domestic institutional investors saw a net purchase of Rs 228.06 crore in the cash segment.

Photo Credit :

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Dear Trader…

Indian equity benchmarks returned to the green zone after four days of losing streak and settled around a percent higher on Monday. 

FII and FPIs, on Monday saw a net purchase of Rs 860.50 crore in the cash segment. A total of Rs 13261.28 crore was sold against a total purchase of Rs 14121.78 crore. Domestic institutional investors saw a net purchase of Rs 228.06 crore in the cash segment. A total of Rs 6609.46 crore was sold against a total purchase of Rs 6837.52 crore.

Markets are increasingly witnessing rotation from outperforming sectors to under-valued stocks.

Ø INDEX MOVEMENT – 05.10.2021

Ø Nifty Future closed @ 17706 as on 04.10.2021..!!

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 @ 17818 Point in the short term...!!!


Ø Bank Nifty Future closed @ 37735 as on 04.10.2021..!!

Dear Traders,

Bank Nifty Future has resistance at 37808 – 37888 Point; above which other resistance levels are at 37979 – 38008 Point with highly Volatile Trend,

Bank Nifty Future has Downside support levels are at 37707 – 37606 Point; below 37606 Point, other support levels are at 37474 – 37303 Point.

I am positive for the next bullish trend only above @ 38008 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 @ 38008 Point, again then the upper side target is quite high and it may touch @ 38088 Point in the short term...!!


Ø Trading Idea for the derivative stocks….

Ø RELIANCE IND. @ Positive Trend @ Rs 2525 with Stoploss of Rs @ 2507 for the Target near @ Rs 2577 - 2584 in short term…..!!!

Ø BATA INDIA @ Positive Trend @ Rs 1860 with Stoploss of Rs @ 1833 for the Target near @ Rs 1893 – 1909 in short term…..!!!

Ø GRASIM IND. @ Positive Trend @ Rs 1626 with Stoploss of Rs @ 1606 for the Target near @ Rs 1660 – 1673 in short term…..!!!

Ø TECHM @ Positive Trend @ Rs 1388 with Stoploss of Rs @ 1381 for the Target near @ Rs 1422 – 1430 in short term…..!!!

Ø INDIGO @ Negative Trend @ Rs 2033 with Stop loss of Rs @ 2047 for the Target near @ Rs 1988 – 1973 in short term...!!!

Ø KOTAK BANK @ Negative Trend @ Rs 2033 with Stop loss of Rs @ 2047 for the Target near @ Rs 1977 - 1965 in short term...!!!

Ø HCL TECHNO. @ Negative Trend @ Rs 1308 with Stop loss of Rs @ 1315 for the Target near @ Rs 1267 - 1255 in short term...!!!

Ø BERGER PAINT @ Negative Trend @ Rs 848 with Stop loss of Rs @ 860 for the Target near @ Rs 808 – 797 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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