Daily Stock Market Research Report (Summary) 27-10-2022

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Bounce back

The markets opened with a gap-up but failed to sustain the opening momentum and drifted downwards in the first half of the session with a lower low and lower high structure in the hourly chart. While in the last hour bulls have bounced back from the lower levels and closed near their opening level.

As per price action, on the daily scale an pin bar pattern is formed closing below the pattern will blur the vision of bulls for upside momentum. Index is hovering around 78.60% Fibonacci level for the third day. interestingly, the Index is closed around the august month closing level which is very crucial level for index to sustain. Momentum indicator i.e RSI is sustaining the 60 mark. Immediate resistance  17877 -17800 and support 17637 – 17578 for index.

 Among all the sectoral indices, NIFTYREALT (2.97%) and NIFTYMETAL (2.77%) were the Top Gainers and NIFTYIT (-0.44%) have ended marginally Lower.


Top Traded Stocks

Best 5 Stocks

Worst 5 Stocks

All Time High Stocks

Index Spot Summary

NIFTY Derivative Summary Expiry 27-10-2022

Highest OI
– 17750CE/ 17800CE & 17700PE/ 17500PE

BankNIFTY SummaryExpiry 27-10-2022

Highest OI– 41300CE/ 41500CE & 41000PE/ 41200PE

Stocks with Volume Breakout (2 times )

Add these stocks in watchlist for upcoming trading days



Breakout soon stock from the symmetrical triangle along with cup&handle chart pattern is observed, 218 would be immediate resistance
RSI above 60 mark indicates momentum getting strong.


Stock is trading at an “All Time High” further upside seems till 828 and 879.
On the weekly scale, cup&handle breakout is observed.

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