The market ended in a red on October 3, 2018 after attempting a failed recovery in the second half of the day. The S&P BSE Sensex ended 550.51 points or 1.51 per cent lower at 35,975.63 while Nifty 50 closed down by 150.05 or 1.36 per cent at 10,858.25. 

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BankNifty also went down by 297.10 points or 1.17 per cent to close at 25,069.90. In the broader market, the BSE Mid Cap dropped 1.11 per cent but the Small Cap index went up 0.20 per cent before closing. 

Amid positive domestic institutional investors (DIIs), negative future and option (F&O), foreign institutional investors (FII), global market weak cues, the short-term trend of the Indian market will be negative on October 4, 2018. 

Zee Business's Managing Editor Anil Singhvi's Market Strategy for October 4:
Crude, Rupee, Global Markets and weak sentiment to create pressure on the market. 

Only positive steps from the government on Rupee can improve the sentiment. 

10,800 and 25,000 are going to be the deciding levels on Nifty and BankNifty. 

The small trading range on Nifty stands at 10,800-10,925 while the bigger range lies between 10,700-11,050. 

In the case on BankNifty, the small and bigger trading range lies between the mark of 24,900-25,200 and  24,700-25,400. 

The next important support on the two indices, Nifty and BankNifty, stands at 10,800 and 24,700 respectively. 

The selling zone on Nifty and BankNifty lies between 11,025-11075 and 25,350-25,400.  

Nifty broke 10925 closing stop loss yesterday and traders are advised to end their buying positions if BankNifty ends after going below the mark of 25000 today.

They, traders, can increase their buying positions if the two indices close after going above the mark of 11,075 and 25,400. 

Watch this Zee Business video here:

Buy and Sell strategy on Nifty:
Sell Nifty with a stop loss of 10,925 and target of 10,800-10,750-10,700. 

Buy Nifty near 10,700 with stop loss of 10,675 and target of 10,750-10,800. 

Buy and Sell strategy on BankNifty:
Sell BankNifty with a stop loss of 25,200 and target of 24,900-24,800-24,700. 

Buy BankNifty near 24,700 with a stop loss of 24,650 and target of 24,900-25,000. 

The put-call ratio (PCR) stands at 1.36 and the volatility index (VIX) is 18.12. 

Sectors:
Negative: Banks

Positive: Metals buy on dips

No stock in F&O Ban today

Stock of the Day:
Buy Vedanta Futures: Stop loss 238 and target 246, 249, 258. Aluminium prices up by 5%. 

Buy Shriram Transport Futures: Stop loss 1075 and target 1100, 1115, 1140. Termination of Corporate guarantee is a big positive. 

Sell GMR Infra Futures: Stop loss 17 and target 16. Moody’s has downgraded the rating of GMR subsidiary.