{"id":14307,"date":"2023-11-03T17:26:38","date_gmt":"2023-11-03T11:56:38","guid":{"rendered":"https:\/\/univest.in\/blogs\/?p=14307"},"modified":"2023-11-03T18:01:40","modified_gmt":"2023-11-03T12:31:40","slug":"post-market-update-03-11-2023","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/post-market-update-03-11-2023\/","title":{"rendered":"Post Market Update (03-11-2023)"},"content":{"rendered":"<p>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_spacing=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text css=&#8221;.vc_custom_1699014692773{margin-right: 16px !important;margin-left: 16px !important;border-right-width: 10px !important;border-left-width: 10px !important;}&#8221;]<\/p>\n<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-03-11-2023\/#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-03-11-2023\/#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-03-11-2023\/#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-03-11-2023\/#PCR_Put-Call_Ratio\" title=\"PCR (Put-Call Ratio)\">PCR (Put-Call Ratio)<\/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-03-11-2023\/#VIX_Volatility_Index\" title=\"VIX (Volatility Index)\">VIX (Volatility Index)<\/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-03-11-2023\/#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-03-11-2023\/#Advanced_Decline\" title=\"Advanced Decline\">Advanced Decline<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Nifty\"><\/span><strong>Nifty<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Nifty exhibited a doji candle pattern and traded within a very narrow range, hovering just below the pivotal resistance level of 19,300 after an upward gap in today&#8217;s trading session. The index continues to be confined within the prescribed range of 18,800-19,300.<\/p>\n<p>It is expected that a notable surge in short-covering will ensue should it breach the formidable 19,300 resistance. Notably, the likely resistance level stands at 19,300, while the immediate support zone is situated within the range of 18,900-19,000.<\/p>\n<p>FII net sell stands at -12.43 crores and DII net buy stands at 402.69 crores.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Nifty_Bank\"><\/span><strong><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-14308\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Nifty-3-11.png\" alt=\"Nifty 3-11\" width=\"1258\" height=\"533\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-3-11.png 1258w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-3-11-300x127.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-3-11-1024x434.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-3-11-768x325.png 768w\" sizes=\"(max-width: 1258px) 100vw, 1258px\" \/>Nifty Bank<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Bank Nifty persistently crafted a series of three consecutive doji candles, underscoring the prevailing uncertainty and lack of clear direction. It concluded the session with its closing point just shy of the crucial resistance range of 43,400-43,500.<\/p>\n<p>Bank Index remain perched at a pivotal crossroads, poised for an upturn in momentum upon a breakout from the 42,500-43,500 range. The expected resistance materializes at 43,500 and next hurdle at 44000, and a nearby support base can be found at 42,500.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Midcap_and_Smallcap\"><\/span><strong><img decoding=\"async\" class=\"alignnone size-full wp-image-14309\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/BNF-3-11.png\" alt=\"Nifty Bank 3-11-2023\" width=\"1259\" height=\"531\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-3-11.png 1259w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-3-11-300x127.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-3-11-1024x432.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-3-11-768x324.png 768w\" sizes=\"(max-width: 1259px) 100vw, 1259px\" \/>Midcap and Smallcap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the day&#8217;s trading activity, both the BSE Midcap and Smallcap indices commenced with a notable gap-up opening, but they encountered formidable selling pressure at their respective peaks. It&#8217;s noteworthy that both Midcap and Smallcap have rebounded by nearly 5% and 6%, respectively, from their lowest points in the previous week.<\/p>\n<p>The Midcap index now stands at a crucial juncture, with further upside momentum anticipated upon breaching the 32,000 level, which is anticipated to serve as a critical resistance point. Meanwhile, the Smallcap index encounters an immediate obstacle at the 38,000 level. In terms of probable support, the Midcap index finds it at 31,000, and the Smallcap index at 37,000.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"PCR_Put-Call_Ratio\"><\/span><strong>PCR (Put-Call Ratio)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Put-Call Ratio (PCR) for Nifty stands at 0.79, implying a condition of neutrality or a slight bullish bias in the market&#8217;s trajectory. Bank Nifty, on the other hand, boasts a PCR of 1.01, signifying a slightly bullish sentiment.<\/p>\n<p>Notably, the Nifty exhibits its highest open interest in call options at the 19,300 strike, whereas the highest open interest for put options is observed at the 19,200 strike.<\/p>\n<p>For Bank Nifty, call options are most prominent at the 43,500 and 44,000 levels, while the preeminent open interest for put options centers around the 43,000 strike in the context of the weekly expiration.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"VIX_Volatility_Index\"><\/span><strong>VIX (Volatility Index)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Volatility Index (VIX) concluded at a level of 10.88, reflecting a decline of approximately 1.74%. This diminution in the VIX suggests a reduction in market volatility during the course of the current trading session.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sectors_Update\"><\/span><strong>Sectors Update<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In today&#8217;s trading session, all major sectors culminated on a positive note, with the Realty and Media sectors outshining the others, displaying substantial gains of 2.5% and 1.4%, respectively.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Advanced_Decline\"><\/span><strong><img decoding=\"async\" class=\"size-full wp-image-14310 aligncenter\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Sectoral-graph-3-11-2023.png\" alt=\"Sectoral update 3-11-2023\" width=\"597\" height=\"368\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Sectoral-graph-3-11-2023.png 597w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Sectoral-graph-3-11-2023-300x185.png 300w\" sizes=\"(max-width: 597px) 100vw, 597px\" \/>Advanced Decline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The advance-decline statistics favored the bulls, with 1366 stocks advancing and only 184 declining during the day&#8217;s trading activities. This trend denotes a prevailing positive sentiment in the market.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-14311 aligncenter\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-3-11-2023.png\" alt=\"GAINERS LOSERS\" width=\"1216\" height=\"186\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-3-11-2023.png 1216w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-3-11-2023-300x46.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-3-11-2023-1024x157.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-3-11-2023-768x117.png 768w\" sizes=\"(max-width: 1216px) 100vw, 1216px\" \/><\/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\u2019s 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:<\/p>\n<p class=\"entry-title\"><a href=\"https:\/\/univest.in\/blogs\/recent-ownership-changes-that-led-to-turnarounds\/\">Recent Ownership changes that led to turnarounds!!<\/a><\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row type=&#8221;in_container&#8221; full_screen_row_position=&#8221;middle&#8221; column_margin=&#8221;default&#8221; column_direction=&#8221;default&#8221; column_direction_tablet=&#8221;default&#8221; column_direction_phone=&#8221;default&#8221; scene_position=&#8221;center&#8221; text_color=&#8221;dark&#8221; text_align=&#8221;left&#8221; row_border_radius=&#8221;none&#8221; row_border_radius_applies=&#8221;bg&#8221; overflow=&#8221;visible&#8221; overlay_strength=&#8221;0.3&#8243; gradient_direction=&#8221;left_to_right&#8221; shape_divider_position=&#8221;bottom&#8221; bg_image_animation=&#8221;none&#8221;][vc_column column_padding=&#8221;no-extra-padding&#8221; column_padding_tablet=&#8221;inherit&#8221; column_padding_phone=&#8221;inherit&#8221; column_padding_position=&#8221;all&#8221; column_element_spacing=&#8221;default&#8221; background_color_opacity=&#8221;1&#8243; background_hover_color_opacity=&#8221;1&#8243; column_shadow=&#8221;none&#8221; column_border_radius=&#8221;none&#8221; column_link_target=&#8221;_self&#8221; column_position=&#8221;default&#8221; gradient_direction=&#8221;left_to_right&#8221; overlay_strength=&#8221;0.3&#8243; width=&#8221;1\/1&#8243; tablet_width_inherit=&#8221;default&#8221; tablet_text_alignment=&#8221;default&#8221; phone_text_alignment=&#8221;default&#8221; animation_type=&#8221;default&#8221; bg_image_animation=&#8221;none&#8221; border_type=&#8221;simple&#8221; column_border_width=&#8221;none&#8221; column_border_style=&#8221;solid&#8221;][vc_column_text css=&#8221;.vc_custom_1699014692773{margin-right: 16px !important;margin-left: 16px !important;border-right-width: 10px !important;border-left-width: 10px !important;}&#8221;] Nifty Nifty exhibited a doji candle pattern<\/p>\n","protected":false},"author":10,"featured_media":26910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"metadata":{"_edit_lock":["1699012565:10"],"_edit_last":["10"],"_thumbnail_id":["26910"],"_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":[""],"nectar_blog_post_view_count":["347"],"_wpb_shortcodes_custom_css":[".vc_custom_1699014692773{margin-right: 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