Nifty Tanks 144 Points As India’s 10 Year Treasury Yield Jumps To 8.10




The Outlook for 4th October 2018
Nifty Daily Chart Levels
In today’s session, Nifty closed around 10858 approx. The index witnessed major buying in Put options around the day high of 10988 approx. Nifty tanked 144 points intraday and made a low of 10844 around the last hour of the day’s trade. Selling was triggered in the market today due to a sudden jump in the 10-year treasury yield which scaled above the three-day high at 8.10. Going forward, Nifty is likely to face stiff resistance around the 5 DEMA high ( 11075 approx). However, if the index trades above 11090 approx, it will scale up to the 15 DMA (11152 approx). On the other hand, if Nifty slips below 10830 approx, It will scale down to the daily lower-Bollinger band (10770 approx).

Nifty Hourly Chart Levels
In the hourly session, Nifty closed around 10858 approx. The index is likely to find stiff resistance around the 5HEMA high(10940approx). If Nifty trades above the 34 HMA (10975approx), it can scale up to the hourly upper- Bollinger band (11040 approx). However, if Nifty trades below the hourly lower-Bollinger band (10800approx), it will slip down to 10770 approx.



Nifty Large & Mid Cap Stocks



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India’s benchmark Nifty tanked 145 points today, due to a sudden jump in the 10-year treasury yield, which scaled above the three-day high at 8.10. The index witnessed massive accumulation of Put option buyers around the day’s high of 10988 approx and slipped down to make a low of 10844. The 10700 and 10600 Put option strikes gained 52% and 57% intraday as Nifty traded below the 5DMA (10950 approx) for the major part of the day. Going forward, the index is likely to face stiff resistance around the 5 DEMA high (11075 approx).

Stocks Under The Scanner
In today’s trade Yes Bank shares rose 5.63%, while Hindalco shares rose 4.76%. Mahindra & Mahindra shares dropped 7.03% in the course of the day’s trade.



The Outlook for 4th October 2018
Nifty Daily Chart Levels
In today’s session, Nifty closed around 10858 approx. The index witnessed major buying in Put options around the day high of 10988 approx. Nifty tanked 144 points intraday and made a low of 10844 around the last hour of the day’s trade. Selling was triggered in the market today due to a sudden jump in the 10-year treasury yield which scaled above the three-day high at 8.10. Going forward, Nifty is likely to face stiff resistance around the 5 DEMA high ( 11075 approx). However, if the index trades above 11090 approx, it will scale up to the 15 DMA (11152 approx). On the other hand, if Nifty slips below 10830 approx, It will scale down to the daily lower-Bollinger band (10770 approx).

Nifty Hourly Chart Levels
In the hourly session, Nifty closed around 10858 approx. The index is likely to find stiff resistance around the 5HEMA high(10940approx). If Nifty trades above the 34 HMA (10975approx), it can scale up to the hourly upper- Bollinger band (11040 approx). However, if Nifty trades below the hourly lower-Bollinger band (10800approx), it will slip down to 10770 approx.



Nifty Large & Mid Cap Stocks



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