The month of October is going to be filled with the joy of festivals, and the Indian market will be celebrating with a long list of holidays. In total, trading on BSE and NSE will be closed for at least 11 days in this month. Of the total, 3 are special holidays due to Gandhi Jayanti, Diwali, and Balipratipada. The rest of the 8 holidays include Saturdays and Sundays.
During these holidays, trading will be shut in equities, equity derivatives, derivatives, bonds, forex, and other market-related instruments. Hence, plan your trading and investments accordingly. {image-stockmarketholiday1-1759281673.jpg www.goodreturns.in}
Market Outlook This Week
According to Ajit Mishra - SVP, Research, Religare Broking, as the RBI policy meeting outcome approaches, rate-sensitive sectors like banking, auto, and realty are likely to stay in focus. Meanwhile, noticeable strength continues in PSU names, especially banking, OMCs, and select metal and auto counters. Technically, 24,600 remains an immediate support, and a breach could open the doors for a decline toward the 24,400-24,500 zone, while resistance lies at 24,800-25,000. Amid mixed signals, participants should prioritize stock selection and prudent trade management.
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