{"id":14325,"date":"2023-11-06T19:11:08","date_gmt":"2023-11-06T13:41:08","guid":{"rendered":"https:\/\/univest.in\/blogs\/?p=14325"},"modified":"2023-11-06T19:12:37","modified_gmt":"2023-11-06T13:42:37","slug":"post-market-update-06-11-2023","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/post-market-update-06-11-2023\/","title":{"rendered":"Post Market Update (06-11-2023)"},"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-06-11-2023\/#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-06-11-2023\/#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-06-11-2023\/#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-06-11-2023\/#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-06-11-2023\/#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-06-11-2023\/#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-06-11-2023\/#Advance-Decline\" title=\"Advance-Decline\">Advance-Decline<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Nifty\"><\/span>Nifty<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Nifty initiated the trading day with a substantial gap up, positioning itself just above the previously mentioned horizontal trading range and the critical 19,300 resistance threshold.<br \/>\nThe index sustained its upward trajectory throughout the session, culminating at its zenith for the day. Today&#8217;s trading activities unveiled a noteworthy surge in open interest (OI) on the Put side, along with a decline in OI on the Call side, signifying an imminent short-term uptrend.<br \/>\nThe subsequent anticipated resistance levels are perched at 19,650 and 19,850, while prospective support is discerned at the 19,200 level.<br \/>\nFII net sell stands at -549.37 crores and DII net buy stands at 595.7 crores.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Nifty_Bank\"><\/span><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-14326\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Nifty-6th-Nov.png\" alt=\"Nifty 6-11-2023\" width=\"1264\" height=\"536\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-6th-Nov.png 1264w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-6th-Nov-300x127.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-6th-Nov-1024x434.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-6th-Nov-768x326.png 768w\" sizes=\"(max-width: 1264px) 100vw, 1264px\" \/>Nifty Bank<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Nifty Bank, likewise, saw a promising commencement above the pivotal 43,400-43,500 zone and rebounded from the same region during intraday trading. The index concluded the session above the mid Bollinger line, affirming the likelihood of sustained short-term momentum.<br \/>\nImmediate resistance is positioned at 44,000, with the subsequent significant hurdle residing in the 44,600-44,700 zone. Potential support is identified at the 43,200 level.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Midcap_and_Smallcap\"><\/span><img decoding=\"async\" class=\"alignnone size-full wp-image-14327\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/BNF-6th-Nov.png\" alt=\"Nifty Bank 06-11-2023\" width=\"1261\" height=\"538\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-6th-Nov.png 1261w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-6th-Nov-300x128.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-6th-Nov-1024x437.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-6th-Nov-768x328.png 768w\" sizes=\"(max-width: 1261px) 100vw, 1261px\" \/>Midcap and Smallcap<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Both the Midcap and Smallcap indices orchestrated an impressive rally throughout the trading day, culminating at 32,021 and 37,965, respectively, registering gains of 0.9% and 1%.<br \/>\nMarket breadth and sentiment leaned favorably toward the bullish camp during today&#8217;s session, foreshadowing the continued prevalence of stock-specific movements in the short term.<br \/>\nForeseen resistance levels for Midcap and Smallcap are at 32,600 and 38,300, while underlying support is anticipated at 31,600 and 37,450.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"PCR_Put-Call_Ratio\"><\/span>PCR (Put-Call Ratio)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Put-Call Ratio (PCR) for Nifty and Nifty Bank stands at 1.08 and 1.1, intimating a mildly bullish sentiment.<br \/>\nNotably, the Nifty demonstrates its most substantial open interest in call options at the 19,500 strike, while the most pronounced open interest for put options is stationed at the 19,300 strike.<br \/>\nIn the context of the weekly expiration, call options dominate at the 44,000 levels for Bank Nifty, with predominant open interest in put options gravitating around the 43,500 strike.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"VIX_Volatility_Index\"><\/span>VIX (Volatility Index)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The VIX, emblematic of market volatility, escalated by 2% to conclude at 11.1, reflective of heightened investor trepidation and market instability.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sectors_Update\"><\/span>Sectors Update<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In today&#8217;s trading session, the metal, energy, and pharmaceutical sectors exhibited notable upticks, surging by approximately 1.3%. Conversely, the PSU banking sector experienced a depreciation of 1.1%, serving as a substantial drag on the market.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Advance-Decline\"><\/span><img decoding=\"async\" class=\"size-full wp-image-14328 aligncenter\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Sector-graph-06-11-2023.png\" alt=\"Sector performance 06-11-2023\" width=\"596\" height=\"368\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Sector-graph-06-11-2023.png 596w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Sector-graph-06-11-2023-300x185.png 300w\" sizes=\"(max-width: 596px) 100vw, 596px\" \/>Advance-Decline<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Advance-decline statistics favored the bulls, with 1406 stocks advancing and only 675 declining during the day&#8217;s trading activities, underscoring the prevailing sanguine sentiment in the market.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-14329 aligncenter\" src=\"https:\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-06-11-2023.png\" alt=\"GAINER LOSER 06-11-2023\" width=\"1219\" height=\"189\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-06-11-2023.png 1219w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-06-11-2023-300x47.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-06-11-2023-1024x159.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-06-11-2023-768x119.png 768w\" sizes=\"(max-width: 1219px) 100vw, 1219px\" \/><\/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>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nifty The Nifty initiated the trading day with a substantial gap up, positioning itself just above the previously mentioned horizontal trading range and the critical 19,300 resistance threshold. The index sustained its upward trajectory throughout the session, culminating at its zenith for the day. Today&#8217;s trading activities unveiled a noteworthy surge in open interest (OI)<\/p>\n","protected":false},"author":10,"featured_media":26920,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"metadata":{"_edit_lock":["1699278020:10"],"_edit_last":["10"],"_thumbnail_id":["26920"],"_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":["336"],"rank_math_news_sitemap_robots":["index"],"rank_math_robots":["a:1:{i:0;s:5:\"index\";}"],"rank_math_analytic_object_id":["15"],"rank_math_internal_links_processed":["1"],"post_views_count":["448"],"amazonS3_cache":["a:28:{s:63:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Nifty-6th-Nov.png\";a:1:{s:9:\"timestamp\";i:1713864864;}s:61:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/BNF-6th-Nov.png\";a:1:{s:9:\"timestamp\";i:1713864864;}s:73:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Sector-graph-06-11-2023.png\";a:1:{s:9:\"timestamp\";i:1713864864;}s:73:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-06-11-2023.png\";a:1:{s:9:\"timestamp\";i:1713864864;}s:71:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Nifty-6th-Nov-300x127.png\";a:1:{s:9:\"timestamp\";i:1713864864;}s:72:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Nifty-6th-Nov-1024x434.png\";a:1:{s:9:\"timestamp\";i:1713864864;}s:71:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Nifty-6th-Nov-768x326.png\";a:1:{s:9:\"timestamp\";i:1713864864;}s:69:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/BNF-6th-Nov-300x128.png\";a:1:{s:9:\"timestamp\";i:1713864864;}s:70:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/BNF-6th-Nov-1024x437.png\";a:1:{s:9:\"timestamp\";i:1713864864;}s:69:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/BNF-6th-Nov-768x328.png\";a:1:{s:9:\"timestamp\";i:1713864864;}s:81:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/Sector-graph-06-11-2023-300x185.png\";a:1:{s:9:\"timestamp\";i:1713864864;}s:80:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-06-11-2023-300x47.png\";a:1:{s:9:\"timestamp\";i:1713864864;}s:82:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-06-11-2023-1024x159.png\";a:1:{s:9:\"timestamp\";i:1713864864;}s:81:\"\/\/univest.in\/blogs\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-06-11-2023-768x119.png\";a:1:{s:9:\"timestamp\";i:1713864864;}s:65:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-6th-Nov.png\";a:1:{s:9:\"timestamp\";i:1780272409;}s:73:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-6th-Nov-300x127.png\";a:1:{s:9:\"timestamp\";i:1780272409;}s:74:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-6th-Nov-1024x434.png\";a:1:{s:9:\"timestamp\";i:1780272409;}s:73:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Nifty-6th-Nov-768x326.png\";a:1:{s:9:\"timestamp\";i:1780272409;}s:63:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-6th-Nov.png\";a:1:{s:9:\"timestamp\";i:1780272409;}s:71:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-6th-Nov-300x128.png\";a:1:{s:9:\"timestamp\";i:1780272409;}s:72:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-6th-Nov-1024x437.png\";a:1:{s:9:\"timestamp\";i:1780272409;}s:71:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/BNF-6th-Nov-768x328.png\";a:1:{s:9:\"timestamp\";i:1780272409;}s:75:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Sector-graph-06-11-2023.png\";a:1:{s:9:\"timestamp\";i:1780272409;}s:83:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/Sector-graph-06-11-2023-300x185.png\";a:1:{s:9:\"timestamp\";i:1780272409;}s:75:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-06-11-2023.png\";a:1:{s:9:\"timestamp\";i:1780272409;}s:82:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-06-11-2023-300x47.png\";a:1:{s:9:\"timestamp\";i:1780272409;}s:84:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-06-11-2023-1024x159.png\";a:1:{s:9:\"timestamp\";i:1780272409;}s:83:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2023\/11\/GAINER-LOSER-06-11-2023-768x119.png\";a:1:{s:9:\"timestamp\";i:1780272409;}}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest-b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