TRADING CALLS
- Achiievers Equites Ltd
- Aiwin Commodity Borker Pvt Ltd
- Angel One
- Arihant Capital Markets Ltd
- Axis Securities
- Chirag Singhvi
- Choice International Ltd
- Elite Wealth Advisors Ltd
- Emkay Global Financial Services Ltd
- Geojit Financial Services Ltd.
- GEPL Capital
- Green India Commodities
- HDFC Securities
- Hem Securities Ltd
- ICICI Direct
- ICICI Securities
- InvestmentGuruIndia.com
- Jainam
- Karvy Currency Derivatives
- Kedia Commodities
- KIFS Trade Capital
- LKP Securities
- Maitra Commodities Pvt. Ltd.
- Mansukh Securities & Finance Ltd
- Monarch Networth Capital Limited
- Motilal Oswal Financial Services Ltd
- Nirmal Bang Securities Pvt Ltd
- Reliance Securities
- Religare Broking Limited
- Sky commodities Pvt Ltd
- SPA Securities Ltd
- Sushil finance
- Swastika Investmart Ltd
- Tradebulls Securities (P) Ltd
- Ventura Securities Ltd
ICICI Direct
Published on 09-10-2026 11:03 am
Base Metal Outlook
• Copper prices are expected to trade higher amid supply concerns. Further, weaker South American mine output, Democratic Republic of Congo's export ban and El Nino-related disruptions have constrained concentrate availability, keeping treatment and refining charges under pressure. Strike at Antofagasta’s Centinela copper mine continued for second day. Additionally, prices may find support on expectations of loosen monetary policy in October. Meanwhile, sharp upside will be limited on firm dollar
• MCX Copper October is expected to find support near Rs1406 level and rise towards Rs1420 level. Only a move above Rs1420 level, it will rise towards Rs1428 level.
• MCX Aluminum October is expected to face resistance near Rs340 level and dip towards Rs326. MCX Zinc October is likely to find support near Rs408 level and rise towards Rs418 level.
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ICICI Direct
Published on 09-10-2026 10:26 am
Intraday Rational :
• Trend - Lower high lower low indicates corrective bias.
• Levels: Buy around 61.8% retracement of 4 days range
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ICICI Direct
Published on 09-10-2026 10:25 am
Technical Outlook :
• Bank Nifty started the day with negative opening and continued to remain southward to settle near low point of the day. The daily price action formed a bear candle with lower high lower low indicating corrective bias.
• Bias remains corrective as long as long as Index fail to close above previous session high. Therefore, Going ahead follow through strength beyond 55400 (Two weeks high) would confirm resumption of uptrend and open door towards 56400-56600 levels being 61.8% retracement of current decline(58025-53785) and 200- day EMA.
• However, failure to do so would result into extended correction wherein strong support is placed around crucial support area of 53300 levels being 61.80% retracement of Apr-Jun rally (49955-58706).
• Among oscillators, weekly stochastics is placed at 15 levels rebounding from oversold territory indicating impending pullback.
• The PSU Bank Index formed bear candle with upper shadow indicating breather. Going ahead, support is placed at the lower band of past five months consolidation (9095-7809). While oversold placement of daily and weekly stochastic oscillator warrant for selling exhaustion in coming weeks.
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ICICI Direct
Published on 09-10-2026 10:25 am
Nifty Bank : 54515
Technical Outlook
Day that was :
Bank Nifty ended the day Sensex weekly expiry session on negative note, at 54515 down 0.98% on back of weak global cues.
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ICICI Direct
Published on 09-10-2026 10:25 am
Intraday Rational :
Trend – Lower high lower low indicates corrective bias.
Levels – Sell around 61.8% retracement of Thurdays decline.
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