POST MARKET ANALYSIS
4-Nov-2024

Nifty 50 opened with a gap up following global cues but faced selling pressure throughout the day, closing at 23,995.35, down by 1.27%. Resistance is at 24,200, with crucial support at 23,800.

Bank Nifty also opened gap up and witnessed selling throughout the day, closing at 51,215.25, down by 0.89%. Resistance is marked at 51,600, with vital support at 50,800.

Midcap and Smallcap indices fell by 1.97% and 1.20%; supports at 55,300 and 17,900 respectively.

Nifty PCR is 0.62; Bank Nifty PCR is 0.66; notable activity in Nifty 24,200 Call/23,900 Put and Bank Nifty 52,000 Call/51,000 Put.

Advancers: 630 stocks; 
Decliners: 1,852 stocks.

FIIs sold ₹4,329.79 crore; DIIs bought ₹2,936.08 crore.

Stocks approaching 200 EMA: MEDANTA, HEROMOTOCO, IDBI, INDIGO, UBL.

Markets opened higher but faced selling all day, with major indices closing in the red.