03/10/26, Twenty Three working hours per day

For decades, US equity exchanges have hit the pause button every night, leaving markets shut for several hours. Come December, the lights will stay on much longer as the stock market shifts toward around-the-clock trading.

Nasdaq, NYSE Arca, 24X National Exchange and Cboe EDGX have crafted plans to add an overnight session from 9 p.m. to 4 a.m. in New York, on top of the regular hours and existing pre- and post-market periods they already operate. The expansion, set to take place on Dec. 6, seeks to capture growing demand from foreign investors while competing with crypto and prediction markets, which have upended traditional expectations of Wall Street's operating hours.

Overnight trading has existed for years, primarily through alternative trading systems, but it's made up a tiny slice of the total activity — around 1% of equity trading volume in the second quarter, data presented at a Securities and Exchange Commission roundtable last week show. But while tiny next to daytime trading by any account, overnight trading is growing quickly, surging 358% from a year ago.

The anticipated implementation of 23/5 trading has sparked a debate about what longer hours would mean for market participants worldwide. Proponents say the expansion will remove time-zone barriers and give foreign traders better access to US markets. Skeptics see lower liquidity and wider bid-ask spreads as amplifying trading risks.

Institutional investors are mainly worried “about the market quality during the extended hours,” said David Easthope, a senior analyst at Crisil Coalition Greenwich, while concerns about operations and staffing are not necessarily at the top of their list.

Source:MoneyControl

03/10/26, PostMarket REPORT

 Indian equities have posted their eighth straight weekly loss, the longest such streak in 25 years, as sustained FII selling, elevated US bond yields and higher crude prices weighed on sentiment.

On 1st October the Sensex closed 571 points and the Nifty declined 0.88% extending losses for 4th straight session 

With the market under pressure, Bajaj Broking and Motilal Oswal have identified persistent foreign institutional investor (FII) outflows and a challenging global environment as the primary reasons for the lacklustre showing.

"Foreign Institutional Investors (FIIs) continued to remain net sellers in the past week, offloading equities worth Rs 349.7 billion based on provisional exchange data," Bajaj Broking deputy vice president (research) Pabitro Mukherjee said.

On the other hand, domestic institutional investors (DIIs) offered strong support, emerging as net buyers with investments totalling Rs 334.6 billion, he added.

The trend was also visible through September. "FIIs have pulled out a substantial Rs 440.1 billion from Indian equities during September 2026, while DIIs have infused Rs 760.3 billion during the same period," Mukherjee further said.

Mukherjee said elevated US bond yields, firm Brent crude prices and sustained FII outflows continued to weigh on sentiment, while uncertainty over a possible Iran peace deal and a depreciating rupee added to investor caution. He also flagged inflation and the domestic macro outlook as concerns amid higher crude prices.

Motilal Oswal, meanwhile, noted that the Nifty fell 6.1% in September, its second consecutive monthly decline and the second-steepest monthly fall since October 2024. The index is down 13.4% in 2026 so far.

FIIs recorded $4.1 billion of outflows from Indian equities in September after two months of inflows, taking their CY26 outflows to $28.3 billion. DIIs, in contrast, invested $8 billion in September and $67.8 billion so far this year.

The brokerage also noted broad-based weakness, with Technology, Financials Ex Banks, Automobiles, PSU Banks and Capital Goods among the sectors that declined in September.

With FII selling remaining a key headwind, Bajaj Broking said Brent crude prices and developments around US-Iran geopolitical tensions will remain important drivers of market sentiment and foreign institutional flows.

Source: Network18 

02/10/26, Reliance to Invest 1Lakh Crores

Reliance Industries Executive Director Anant Ambani on Friday said the company plans to invest Rs 1 lakh crore in Andhra Pradesh to set up compressed biogas (CBG) plants, create more than 3 lakh jobs and generate nearly Rs 60,000 crore in revenue for the state.

Speaking at the foundation stone-laying ceremony for the Rayalaseema Horticulture Hub and Indian School of Agriculture in Madanapalle, Ambani said Reliance would work with the government and farmers to support the new institution.

"Today, the Rayala-seema Horticulture Hub, backed by Rs 40,000 crore, adds another milestone to India's Growth Story," he said.

Ambani described the Indian School of Agriculture as a new institution focused on technology and farmer prosperity.

"A quarter-century ago, you brought the Indian School of Business to Hyderabad. Today, you are giving the Indian farmer his own ISB," he said, addressing Andhra Pradesh Chief Minister N Chandrababu Naidu.

"Bharat ne duniya ko bohot CEO diye hain. Ab ISA Bharat ke kisaan ko apne khet ka CEO banayega," he added.

Ambani said the school would bring together artificial intelligence and traditional farming knowledge, with applications including pest alerts, drones for crop-health mapping, robotics, cloud computing, market intelligence and greenhouse technology.

"Through Reliance's green energy businesses, I see an opportunity to help our Anna Daatas become Urja Daatas," he said.

"Our kisans, who ensure India's food security, will now strengthen India's energy security too - making India self-reliant in energy," he added.

Ambani outlined four areas where Reliance would work with the school: taking training modules to farmers through virtual classrooms in villages, sharing technology through Jio Krishi, developing hi-tech animal husbandry and building agriculture as a profession for young Indians.

"Let us give them the skills, technology and enterprise to build successful futures in their own villages," he said.

Ambani also said Reliance would support the institution through "strategic investment, digital capabilities, technical expertise, and industry partnerships".

Addressing Naidu, Ambani said: "Treat me as a son of Andhra and direct me as to what I can contribute to your beautiful state."

"Today, we are not just laying foundation stones. We are laying the foundations for - rural enterprise, stronger villages, a more sustainable India, and most importantly, for improving lives of our farmers," he said.

Source: Network18 

02/10/26, HAPPY GANDHI JAYANTHI

 

1/10/26, PostMarket REPORT

The Nifty 50 remained under bearish pressure throughout the day on October 1, extending its decline for the fourth consecutive session and the eighth straight week, as it came close to the April low of 22,182. Bears strengthened their grip on the market, while bulls struggled to regain control.

The weakening technical structure, a rise in India VIX to a July high, a spike in US 10-year bond yields to a more than 22-year high, and oil prices hovering around $100 a barrel amid tensions in West Asia boosted the confidence among bears. The index also remained cautious ahead of the RBI policy decision and the beginning of the September-quarter earnings season next week.

Thursday's low of 22,217 is likely to be a crucial level to watch. The Nifty 50 recovered around 200 points from this level in the last hour of trade. A break below 22,217 could increase the possibility of the index breaching its April 2026 low and moving towards the psychological 22,000 mark, followed by 21,750, the April 2025 low.

On the other hand, in case of a recovery, which analysts expect could face selling pressure at higher levels, the index may move towards the 22,600–22,800 zone, according to experts who continue to favour a sell-on-rallies strategy.

The Nifty 50 opened below 22,600 and corrected to 22,217 in the second half of the session. It recovered around 200 points from the day's low to end at 22,422, down 199 points, or 0.88 percent. The index also closed below the upward-sloping support trendline connecting the June 2024 and April 2026 lows.

On the daily timeframe, the index formed a bearish candle with a noticeable lower wick and continued to maintain a lower high-lower low structure, signalling persistent selling pressure despite the late recovery. The Nifty 50 traded well below all key moving averages, which were also sloping downward. The RSI extended its decline to 22.57 and remained below the reference line, while the MACD fell further, with the bearish histogram bars widening. These indicators point to continued weakness in the near term.

For the week, the Nifty 50 plunged 3.11 percent and formed a long red candle on the weekly timeframe. The index remained below the 20-, 50- and 100-week EMAs for the third consecutive week. It also broke below the 200-week EMA at 22,380 during the week, although it managed to defend the level on a closing basis. A sustained move below this support could increase the possibility of the index falling towards 22,000.

Shrikant Chouhan, Head of Equity Research at Kotak Securities, believes the market's short-term structure remains weak but oversold. Therefore, the possibility of a pullback rally from current levels cannot be ruled out.

According to him, 22,200 is a key support zone on the downside, while 22,500 is an immediate resistance level. A move above 22,500 could extend the pullback towards 22,700–22,800.

Conversely, a break below 22,200 could accelerate selling pressure and push the market towards 22,000–21,950, he said.

Weekly options data showed that 22,000, where maximum Put open interest is concentrated, could act as a crucial support level for the Nifty 50. The 22,300–22,200 strikes, which have the next-highest Put open interest, could provide immediate support.

On the Call side, maximum open interest was observed at the 23,000 strike, making it a key resistance zone for the index. Further, the 22,700 and 22,800 strikes, where the next-highest Call open interest is concentrated, could act as immediate hurdles.

Meanwhile, the fear gauge, India VIX, rose 18.87 percent to 14.45 and climbed above all key moving averages, adding to concerns for bulls. Sustaining above the 15 zone could keep the market in a zone of discomfort for bulls.

The market will remain closed on Friday for Gandhi Jayanti.

Bank Nifty

The banking index also traded lower but outperformed the Nifty 50 for another session. The Bank Nifty fell 182 points, or 0.33 percent, to 54,451 after opening with a gap down. It formed a high-wave-like candlestick pattern on the daily chart, indicating volatility and indecision between bulls and bears, but defended Tuesday's low of 53,786.

On a positional basis, the structure remains weak until sustained follow-up buying emerges. For the week, the Bank Nifty fell 2.03 percent, extending its decline for the sixth consecutive week and closing below the 100-week EMA. The 20-day and 50-day EMAs were also trending lower.

"Going forward, 54,100–54,000 could act as support; a break below this zone could extend selling pressure towards 53,500," Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities, said.

On the upside, 55,100–55,200 could act as an immediate hurdle, he added.

"Unless the index decisively reclaims the resistance zone of 55,200, the near-term structure is likely to remain weak," said Vatsal Bhuva, Technical Analyst at LKP Securities, who said a sell-on-rise strategy may remain preferable for index traders.

Report by Mr Sunil Sankar Matkar

Source: Network18 

01/10/26, Jio TechCo, Mr Danish Khan's Report

 Jio Platforms is looking to turn the technology powering its digital infrastructure into products for the global market, as it expands into 5G network technology, AI, cloud infrastructure, devices and enterprise software. A decade after transforming India's telecom market, Jio is now seeking to build businesses beyond traditional telecom.

"Jio is the only operator globally to have developed its own end-to-end technology stack across core, radio, network software and OSS/BSS and deployed at nationwide scale," said Ashwinder Sethi, a partner at Analysys Mason. "This vertical integration provides greater control over technology development and innovation cycles, while supporting an efficient operating model.”

That marks a shift from Jio's initial years, when the focus was largely on adding users, expanding its network and driving down the cost of mobile data. The company is now developing more of the technology that powers its businesses, from network software and intellectual property to digital platforms and AI.

The ambition is to build a technology platform spanning connectivity, digital services, and computing. Industry experts see scope for Jio to take technologies developed for its own operations to a wider market, as India's digital economy is projected to reach $1.4 trillion by FY31, according to Analysys Mason.

From buying technology to building it

Jio developed its own 5G core and the software used to manage network operations and customer services, then built an end-to-end 5G stack covering the core network, radio equipment and network software. It achieved pan-India 5G coverage within 15 months of launch and had more than 268 million 5G users by March 2026.

The scale of Jio's network matters because it gives the company a live environment to test and improve its technology.

Jio Platforms and its units had filed 6,817 patent applications as of March 31, covering areas such as 4G, 5G, 6G, AI and cloud, with 1,009 patents granted globally. Its engineering and technology organisation comprises 11,303 people, around 40% of its workforce.

Neil Shah, vice president at Counterpoint Research, told Moneycontrol that Jio's strategy is to transform from a traditional telco into a vertically integrated “TechCo” that develops and controls the technology stack from infrastructure to services.

Jio's technology architecture reduces vendor dependence and creates an opportunity for Jio to package and eventually export its technology stack to other telecom operators, Shah said.

Jio has indicated that its mobile connectivity stack, home broadband stack and managed autonomous connectivity stack are ready for global monetisation. Technology developed initially for Jio's own requirements could therefore become products for other operators and enterprises.

AI could be Jio's next disruption

The biggest change, however, could come from artificial intelligence. In an interview at Mobile World Congress in Barcelona in March, Reliance President Mathew Oommen said the company wants to make AI tokens as affordable and accessible as it once made voice and mobile data. Tokens are the bite-sized data that an AI model uses to read, think, and write.

Jio does not see the future telecom network as being defined only by minutes and bytes. Instead, “the telecom fabric will be natively embedded with the AI fabric.” Jio's ambition is to become a “token value” company rather than simply a connectivity provider.

The company is building what Oommen described as a seven-layer intelligence architecture spanning the physical and chip layers, models, applications, orchestration and device integration.

The idea is to move AI inference closer to users rather than relying entirely on large, centralised data centres. AI workloads could run across edge data centres, enterprise premises, homes and eventually devices.

For Jio, the opportunity is to control more of that AI infrastructure — from the network that carries the workload to the computing and devices where intelligence is ultimately delivered.

Jio's biggest advantage is not simply its scale, but where that scale exists.

The company has a subscriber relationship both “in the hand” through mobile devices and “in the home” through fibre, AirFiber, routers and set-top boxes. This gives Jio the physical and digital touchpoints it can use to distribute AI services.

Rather than relying solely on hyperscale data centres, Jio's model is to distribute intelligence across the network, enterprise premises, homes and devices. The objective is to reduce latency and potentially lower the cost of delivering AI.

Building an AI and cloud business

Shah said Jio's investments in sovereign computing and AI platforms could further reduce its dependence on traditional hyperscalers.

“Its sovereign compute investments, which are anchored by the 1-Gigawatt Jamnagar green datacentre roadmap and NVIDIA high-density architectures, alongside software platforms like JioBrain, significantly reduce dependence on traditional hyperscalers,” Shah said.

Over time, he said, this could position Jio as an Indian “neocloud” player, with its content, cloud and commerce services creating a monetisation layer around its infrastructure.

Shah said Jio could use platforms such as JioVyapar and JioIQ, powered by Jio Cloud, to bring cloud, commerce and AI capabilities to India's more than 60 million MSMEs.

Report by Mr Danish Khan

Source: Network18 

Disclaimer: Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

01/10/26, BEARISH

 

30/09/26, Trade Setup

The Nifty 50 is unlikely to easily break out of the bear grip, given the weakening technical structure across parameters and US Treasury yields hovering near two-decade highs. The index fell a third of a percent on September 29, the monthly F&O expiry session, despite a sharp recovery from the day's low. It has declined 5.67 percent in September so far. According to experts, Tuesday's low of 22,570 is expected to be a crucial level. A break below this level could trigger further downside towards the 200-week EMA at 22,380 and then the April low of 22,182. On the other hand, holding above 22,570 could drive the index towards the 22,800–23,000 zone. Experts continue to advise a sell-on-rallies strategy.

Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty 50 (22,716)

Resistance based on pivot points: 22,750, 22,793, and 22,863

Support based on pivot points: 22,610, 22,566, and 22,496

Special Formation: The Nifty 50 formed a small-bodied bearish candle with a long lower wick, resembling a hammer-like candlestick pattern, during the downtrend on the daily chart, indicating buying interest at lower levels. While this is generally considered a potential trend-reversal pattern, it requires strong follow-through buying in the coming sessions for confirmation. The index continues to trade below all key moving averages, which are sloping downward, while the RSI declined to 26.71 with a negative crossover. The MACD remains below the signal line, with the red histogram bar expanding for another session. All these indicators point to continued weakness in the underlying momentum.

2) Key Levels For The Bank Nifty (54,260)

Resistance based on pivot points: 54,387, 54,533, and 54,770

Support based on pivot points: 53,914, 53,767, and 53,531

Resistance based on Fibonacci retracement: 54,509, 55,897

Support based on Fibonacci retracement: 53,300, 51,830

Special Formation: The Bank Nifty formed a thin-bodied candle with a long lower wick, indicating buying interest at lower levels. The formation resembled a doji-like candlestick pattern on the daily chart during the downtrend. Such a formation can signal a potential trend reversal but requires confirmation in the following sessions. The index fell 0.39 percent despite a sharp recovery from the day's low. It remains below all key moving averages, with its short- and medium-term moving averages trending downward. The RSI declined to 29.04, while the MACD extended its downtrend below the signal line, with the red histogram bar expanding for the fourth consecutive session. All these indicators signal continued pressure.

3) Nifty Call Options Data

According to the weekly options data, the maximum Call open interest was seen at the 23,000 strike (with 67.01 lakh contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 23,100 strike (43.49 lakh contracts) and 22,800 strike (38.51 lakh contracts).

Maximum Call writing was observed at the 23,000 strike, which saw an addition of 32.49 lakh contracts, followed by the 22,700 and 22,800 strikes, which added 32.46 lakh and 23.71 lakh contracts, respectively. There was hardly any Call unwinding seen in the 22,200-23,150 strike band.

4) Nifty Put Options Data

On the Put side, the 22,700 strike holds the maximum Put open interest (with 46.38 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 22,600 strike (45.66 lakh contracts) and the 22,500 strike (40.6 lakh contracts).

The maximum Put writing was placed at the 22,700 strike, which saw an addition of 32.99 lakh contracts, followed by the 22,600 and 22,500 strikes, which added 28.76 lakh and 15.95 lakh contracts, respectively. The maximum Put unwinding was seen at the 23,100 strike, which shed 2.35 lakh contracts, followed by the 22,900 and 23,000 strikes, which shed 1.17 lakh and 13,585 contracts, respectively.

5) Bank Nifty Call Options Data

According to the monthly options data, the maximum Call open interest was seen at the 55,000 strike, with 6.6 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 55,500 strike (5.36 lakh contracts) and the 54,500 strike (2.51 lakh contracts).

Maximum Call writing was observed at the 55,000 strike (with the addition of 2.83 lakh contracts), followed by the 55,500 strike (2.04 lakh contracts) and 54,500 strike (1.48 lakh contracts). There was hardly any Call unwinding seen in the 53,000-55,750 strike band.

6) Bank Nifty Put Options Data

On the Put side, the 55,000 strike holds the maximum Put open interest (with 6.94 lakh contracts), which can act as a key level for the index in the short term. This was followed by the 54,000 strike (4.88 lakh contracts) and the 53,000 strike (4.3 lakh contracts).

The maximum Put writing was placed at the 55,000 strike (which added 1.83 lakh contracts), followed by the 54,500 strike (1 lakh contracts) and 54,000 strike (86,520 contracts). The maximum Put unwinding was seen at the 53,000 strike, which shed 9,180 contracts, followed by the 54,900 and 55,800 strikes which shed 3,210 and 2,790 contracts, respectively.

Report by Sunil Sankar Matkar

Source: Network18 

 The Nifty 50 is unlikely to easily break out of the bear grip, given the weakening technical structure across parameters and US Treasury yields hovering near two-decade highs. The index fell a third of a percent on September 29, the monthly F&O expiry session, despite a sharp recovery from the day's low. It has declined 5.67 percent in September so far. According to experts, Tuesday's low of 22,570 is expected to be a crucial level. A break below this level could trigger further downside towards the 200-week EMA at 22,380 and then the April low of 22,182. On the other hand, holding above 22,570 could drive the index towards the 22,800–23,000 zone. Experts continue to advise a sell-on-rallies strategy.

Here are 15 data points we have collated to help you spot profitable trades:

1) Key Levels For The Nifty 50 (22,716)

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Resistance based on pivot points: 22,750, 22,793, and 22,863

Support based on pivot points: 22,610, 22,566, and 22,496

Special Formation: The Nifty 50 formed a small-bodied bearish candle with a long lower wick, resembling a hammer-like candlestick pattern, during the downtrend on the daily chart, indicating buying interest at lower levels. While this is generally considered a potential trend-reversal pattern, it requires strong follow-through buying in the coming sessions for confirmation. The index continues to trade below all key moving averages, which are sloping downward, while the RSI declined to 26.71 with a negative crossover. The MACD remains below the signal line, with the red histogram bar expanding for another session. All these indicators point to continued weakness in the underlying momentum.

2) Key Levels For The Bank Nifty (54,260)

Resistance based on pivot points: 54,387, 54,533, and 54,770

Support based on pivot points: 53,914, 53,767, and 53,531

Resistance based on Fibonacci retracement: 54,509, 55,897

Support based on Fibonacci retracement: 53,300, 51,830

Special Formation: The Bank Nifty formed a thin-bodied candle with a long lower wick, indicating buying interest at lower levels. The formation resembled a doji-like candlestick pattern on the daily chart during the downtrend. Such a formation can signal a potential trend reversal but requires confirmation in the following sessions. The index fell 0.39 percent despite a sharp recovery from the day's low. It remains below all key moving averages, with its short- and medium-term moving averages trending downward. The RSI declined to 29.04, while the MACD extended its downtrend below the signal line, with the red histogram bar expanding for the fourth consecutive session. All these indicators signal continued pressure.

3) Nifty Call Options Data

According to the weekly options data, the maximum Call open interest was seen at the 23,000 strike (with 67.01 lakh contracts). This level can act as a key resistance level for the Nifty in the short term. It was followed by the 23,100 strike (43.49 lakh contracts) and 22,800 strike (38.51 lakh contracts).

Maximum Call writing was observed at the 23,000 strike, which saw an addition of 32.49 lakh contracts, followed by the 22,700 and 22,800 strikes, which added 32.46 lakh and 23.71 lakh contracts, respectively. There was hardly any Call unwinding seen in the 22,200-23,150 strike band.

4) Nifty Put Options Data

On the Put side, the 22,700 strike holds the maximum Put open interest (with 46.38 lakh contracts), which can act as a key support level for the Nifty in the short term. It was followed by the 22,600 strike (45.66 lakh contracts) and the 22,500 strike (40.6 lakh contracts).

The maximum Put writing was placed at the 22,700 strike, which saw an addition of 32.99 lakh contracts, followed by the 22,600 and 22,500 strikes, which added 28.76 lakh and 15.95 lakh contracts, respectively. The maximum Put unwinding was seen at the 23,100 strike, which shed 2.35 lakh contracts, followed by the 22,900 and 23,000 strikes, which shed 1.17 lakh and 13,585 contracts, respectively.

5) Bank Nifty Call Options Data

According to the monthly options data, the maximum Call open interest was seen at the 55,000 strike, with 6.6 lakh contracts. This can act as a key resistance level for the index in the short term. It was followed by the 55,500 strike (5.36 lakh contracts) and the 54,500 strike (2.51 lakh contracts).

Maximum Call writing was observed at the 55,000 strike (with the addition of 2.83 lakh contracts), followed by the 55,500 strike (2.04 lakh contracts) and 54,500 strike (1.48 lakh contracts). There was hardly any Call unwinding seen in the 53,000-55,750 strike band.

6) Bank Nifty Put Options Data

On the Put side, the 55,000 strike holds the maximum Put open interest (with 6.94 lakh contracts), which can act as a key level for the index in the short term. This was followed by the 54,000 strike (4.88 lakh contracts) and the 53,000 strike (4.3 lakh contracts).

The maximum Put writing was placed at the 55,000 strike (which added 1.83 lakh contracts), followed by the 54,500 strike (1 lakh contracts) and 54,000 strike (86,520 contracts). The maximum Put unwinding was seen at the 53,000 strike, which shed 9,180 contracts, followed by the 54,900 and 55,800 strikes which shed 3,210 and 2,790 contracts, respectively.