Panama closed at Rs. 504 on October 6, gaining 4.54%. Its 4.91% weekly advance indicates that the latest session contributed most of the weekly gain,
Bank Nifty advanced 414.30 points, but remains below its supplied 10-day SMA of 55,144.12 and longer averages. Price is approaching the session high, making 55,144–55,201 the immediate decision area.
SBI’s immediate outlook remains bearish, with recovery requiring sustained strength above Rs. 966.30. A break below Rs. 952.85 would expose Rs. 947.70
The index formed a bullish candle and finished at the day’s high, moving towards the upper boundary of the falling parallel channel in place since August.
Knack Packaging closed at Rs. 197 on October 6, gaining 4.46%. The proposed entry requires a move above Rs. 200; the closing price itself does not activate the call.
Crude oil’s immediate tone is cautious after a sharp decline. Watch 8,388 for downside confirmation and 8,661–8,694 for recovery confirmation.
