{"id":14263,"date":"2023-10-31T18:56:41","date_gmt":"2023-10-31T13:26:41","guid":{"rendered":"https:\/\/univest.in\/blogs\/?p=14263"},"modified":"2023-10-31T19:10:40","modified_gmt":"2023-10-31T13:40:40","slug":"post-market-update-31st-oct","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/post-market-update-31st-oct\/","title":{"rendered":"Post market update (31st Oct)"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/post-market-update-31st-oct\/#Nifty\" title=\"Nifty\">Nifty<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/post-market-update-31st-oct\/#Nifty_Bank\" title=\"Nifty Bank\">Nifty Bank<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/post-market-update-31st-oct\/#Midcap_and_Smallcap\" title=\"Midcap and Smallcap\">Midcap and Smallcap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/post-market-update-31st-oct\/#PCR_data\" title=\"PCR data\">PCR data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/post-market-update-31st-oct\/#VIX\" title=\"VIX\">VIX<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/post-market-update-31st-oct\/#Sectors_Update\" title=\"Sectors Update\">Sectors Update<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/post-market-update-31st-oct\/#Advance_Decline\" title=\"Advance Decline\">Advance Decline<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Nifty\"><\/span><span style=\"font-weight: 400;\">Nifty<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Nifty commenced trading with a notable gap up, fueled by robust global cues. However, profit booking emerged from the formidable resistance band situated in the 19200-19300 range, leading to a net 0.3% decline, closing at 19079.6. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Potential resistance is anticipated within the 19200-19300 zone, while immediate support stands at the 18800 level.<\/span><\/p>\n<p>FII net sell stands at -696 crores and DII net buy stands at 340.25 crores.<\/p>\n<h2><span style=\"font-weight: 400;\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-14266\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/10\/WhatsApp-Image-2023-10-31-at-17.14.08.jpeg\" alt=\"Nifty\" width=\"1266\" height=\"572\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/10\/WhatsApp-Image-2023-10-31-at-17.14.08.jpeg 1266w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/10\/WhatsApp-Image-2023-10-31-at-17.14.08-300x136.jpeg 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/10\/WhatsApp-Image-2023-10-31-at-17.14.08-1024x463.jpeg 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/10\/WhatsApp-Image-2023-10-31-at-17.14.08-768x347.jpeg 768w\" sizes=\"(max-width: 1266px) 100vw, 1266px\" \/><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Nifty_Bank\"><\/span><span style=\"font-weight: 400;\">Nifty Bank<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Bank Nifty displayed a feeble candlestick pattern, right at the 200 EMA, mirroring the previously mentioned impediment between 43200 and 43400, as discussed in the post-market update from the previous session. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Throughout the trading day, the index declined, reflecting a sell-on-rise sentiment based on the chart&#8217;s configuration. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Likely support can be found in the 42400-42500 range, with an immediate hurdle at 43200-43400.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\"><img decoding=\"async\" class=\"alignnone size-full wp-image-14269\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/10\/Nifty-bank-31-10.png\" alt=\"Nifty Bank\" width=\"1260\" height=\"538\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/10\/Nifty-bank-31-10.png 1260w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/10\/Nifty-bank-31-10-300x128.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/10\/Nifty-bank-31-10-1024x437.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/10\/Nifty-bank-31-10-768x328.png 768w\" sizes=\"(max-width: 1260px) 100vw, 1260px\" \/><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Midcap_and_Smallcap\"><\/span><span style=\"font-weight: 400;\">Midcap and Smallcap<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Both the Midcap and Smallcap segments grappled with supply pressure from their recent peaks and ended the day with marginal gains, with the Midcap and Smallcap indices advancing by 0.29% and 0.02%, respectively. A prudent approach is recommended for long positions, and it&#8217;s advisable to maintain a conservative stance regarding open positions. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Probable resistance comes at 31650 and 37300 levels\u00a0 and probable support comes at 30500 and 36000 levels for BSE Midcap and Small index respectively.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"PCR_data\"><\/span><span style=\"font-weight: 400;\">PCR data<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Nifty PCR currently stands at 0.76 and 0.85, signalling a neutral perspective for the ongoing expiry period.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, the highest call Open Interest (OI) is registered at the 19,200 strike, while the highest put OI is noted at 19,000 for the weekly Nifty expiry.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the Bank Nifty, the 43,500 CE holds the highest OI, with the highest put OI located at 42,500 for the weekly expiry.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"VIX\"><\/span><span style=\"font-weight: 400;\">VIX<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Volatility Index (VIX) concluded the session at 11.83, marking a 3% increase and indicating heightened volatility during the trading day.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sectors_Update\"><\/span><span style=\"font-weight: 400;\">Sectors Update<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In the sectoral landscape, results were mixed, with the Auto and Pharma sectors collectively declining by 0.7%. In contrast, the Realty and Media sectors displayed gains of 1.3% and 0.9%, respectively, for the day.<\/span><\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-14267 aligncenter\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/10\/Sectoral-graph-31-10.png\" alt=\"Sectoral graph\" width=\"596\" height=\"367\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/10\/Sectoral-graph-31-10.png 596w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/10\/Sectoral-graph-31-10-300x185.png 300w\" sizes=\"(max-width: 596px) 100vw, 596px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Advance_Decline\"><\/span><span style=\"font-weight: 400;\">Advance Decline<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The broader market exhibited minimal movement, with 1277 stocks advancing, 1140 stocks declining, and 85 stocks remaining unchanged within the NSE universe throughout the day.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-14268\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/10\/GAINERS-LOOSERS.png\" alt=\"Top gainers and loosers\" width=\"1068\" height=\"186\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/10\/GAINERS-LOOSERS.png 1068w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/10\/GAINERS-LOOSERS-300x52.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/10\/GAINERS-LOOSERS-1024x178.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/10\/GAINERS-LOOSERS-768x134.png 768w\" sizes=\"(max-width: 1068px) 100vw, 1068px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>About the Author<\/strong><\/p>\n<p>Ankit Jaiswal, our Senior Equity Research Analyst at Univest, brings over 8 years of experience in the stock market, financial analysis, and investing. With qualifications including the NISM Series VIII Equity Derivatives Certification and CMT Level 2, he&#8217;s a key asset, driving the insightful contributions to our research team.<\/p>\n<p>Note \u2013 This channel is for educational and training purposes only &amp; any stock mentioned here should not be taken as a tip\/recommendation\/advice<\/p>\n<p>You may also like: <a href=\"https:\/\/univest.in\/blogs\/weekly-update-33\/\"><em>Weekly Update\u00a0<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nifty The Nifty commenced trading with a notable gap up, fueled by robust global cues. However, profit booking emerged from the formidable resistance band situated in the 19200-19300 range, leading to a net 0.3% decline, closing at 19079.6. Potential resistance is anticipated within the 19200-19300 zone, while immediate support stands at the 18800 level. FII<\/p>\n","protected":false},"author":10,"featured_media":26918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-14263","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market"],"metadata":{"_edit_lock":["1698993802:10"],"_edit_last":["10"],"_thumbnail_id":["26918"],"_nectar_gallery_slider":["off"],"_nectar_quote_author":[""],"_nectar_quote":[""],"_nectar_link":[""],"_nectar_video_m4v":[""],"_nectar_video_ogv":[""],"_nectar_video_poster":[""],"_nectar_video_embed":[""],"_nectar_audio_mp3":[""],"_nectar_audio_ogg":[""],"_post_item_masonry_sizing":["regular"],"_nectar_header_bg":[""],"_nectar_header_parallax":["off"],"_nectar_header_bg_height":[""],"_nectar_page_header_bg_alignment":["top"],"_nectar_header_bg_color":[""],"_nectar_header_font_color":[""],"_wpb_vc_js_status":["false"],"_yoast_wpseo_estimated-reading-time-minutes":[""],"_yoast_wpseo_wordproof_timestamp":[""],"_yoast_wpseo_primary_category":["24"],"nectar_blog_post_view_count":["345"],"_yoast_wpseo_focuskw":["Post market update (31st Oct)"],"_yoast_wpseo_title":["Post market update (31st Oct)"],"_yoast_wpseo_metadesc":["The Indian benchmark Nifty 50 index made a gap up open on positive global gues but witnessed a sharp drag from the previous hurdle and..."],"rank_math_primary_category":["24"],"rank_math_title":["Post market update (31st Oct)"],"rank_math_description":["The Indian benchmark Nifty 50 index made a gap up open on positive global gues but witnessed a sharp drag from the previous hurdle and..."],"rank_math_focus_keyword":["Post market update (31st 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