Insider Breakout 

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What happened yesterday?             

Indian Market

Indian indices settled higher on Tuesday, recovering from yesterday's losses, helped by strong gains in metal and financial stocks. At close, the BSE Sensex rose 694.39, or 0.9%, to 79,476.63, while the NSE Nifty 50 fell 217.95 points, or also 0.9%, to 24,213.30.

• JSW Steel JSWSTEEL emerged as Tuesday's top gainer, with shares jumping 5%, followed by Bajaj Auto (NSE:BAJAJ/AUTO, BAJAJ_AUTO) and Tata Steel TATASTEEL.

• Conversely, Coal India COALINDIA, Adani Ports & Special Economic Zone ADANIPORTS and Trent TRENT were the top losers.

• In corporate news, NBCC (India) NBCC secured construction orders worth 5 billion Indian rupees from the Bureau of Indian Standards, according to a Tuesday filing with the stock exchanges.

• Meanwhile, Solar Industries India SOLARINDS has bagged an order worth 8.87 billion Indian rupees from Singareni Collieries Company, according to a Tuesday filing with the bourses.

FII net sold for  -2,569.41   crores

DII net bought for  +3,030.96   crores

US Market

US benchmark equity indexes closed higher Tuesday as traders awaited the results of the presidential election. The Nasdaq Composite jumped 1.4% to 18,439.2, while the S&P 500 rose 1.2% to 5,782.8. The Dow Jones Industrial Average advanced 1% to 42,221.9. All sectors saw gains, led by consumer discretionary and industrials.

Voters in the US headed to polling stations to pick the country's next president, with Democratic Party nominee and US Vice President Kamala Harris competing with Republican Party nominee and former President Donald Trump.

Wall Street will be watching key swing states, with the market likely to wobble through uncertainty until a clear result is known, according to analysts. It could take several days before the outcome of the vote is known, analysts said.

• The US two-year yield increased 1.5 basis points to 4.19%, while the 10-year rate lost three basis points to 4.28%.

• In economic news, the US services sector saw continued expansion in October, with Institute for Supply Management data showing a faster growth rate sequentially, while S&P Global SPGI indicated a slight deceleration.

• The US trade deficit jumped in September as goods imports climbed, while exports of both goods and services dropped, according to government data released Tuesday.

• West Texas Intermediate crude oil rose 1% to $72.18 a barrel Tuesday.

• In company news, Palantir Technologies PLTR shares surged nearly 24%, the best performer on the S&P 500. Late Monday, the software maker posted stronger-than-expected third-quarter results and raised its full-year outlook amid surging artificial intelligence demand.

• GlobalFoundries GFS was the top gainer on the Nasdaq Tuesday, up 15%, after it delivered a third-quarter beat.

• Celanese CE shares plunged 26%, the worst performer on the S&P 500, following a third-quarter miss late Monday.

• NXP Semiconductors NXPI shares fell 5.2% Tuesday, among the steepest decliners on the S&P 500 and the Nasdaq. Late Monday, the company reported third-quarter results that fell from a year earlier, while its fourth-quarter outlook lagged the Street's projections.

• Gold rose 0.3% to $2,753.70 per troy ounce, while silver gained 0.6% to $32.79 per ounce.

What to expect today?   

• Asian market trading mixed where Japan in  +2.25% and Hong Kong -1.51%
  US Futures trading  at +1.20%

• GIFT NIFTY trading  at +0.14%, up by +34.5 points

• All the factors indicating a gap down opening in the market.

NIFTY Technicals

In NIFTY nearest high amount of call OI at 25,000 and put OI at 23,500, PCR at 0.76. NIFTY FUT indicating LONG BUILD UP.

If Nifty(FUT) made a 1hr candle close above 24,326.35 that will be a break to the downside continuity and to confirm that we need Nifty(FUT) to maintain the gap till 24,1720.20(4HR). On downside we need nifty futures to break 23,912.50. Also liquidity void is till 24,090 from yesterdays close.

Yesterdays candle was an Inside candle, so to day break of either side can decide the trend with our possible factors which mentioned above.

INDIA VIX falls to 16.1225

 All the best for the day.