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Reg. Name: HDFC securities Ltd. SEBI Reg. No.: INZ000186937

Disclaimers: https://www.hdfcsec.com/disclaimers
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Expert F&O idea of the day💡

Buy BANKEX • 29 Oct 2026 • 61200 • CALL at ₹190 • Target: ₹380 • Potential Returns: 100% • Stoploss: ₹98 • Valid upto: 29-10-2026

Trade Now: https://investright.onelink.me/Xwlu/w154p305

Disclaimer: http://hdfcsky.com/disclaimer
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F&O Update: Book Profit

Book Profit in BANKNIFTY • 23 Nov 2026 • 54000 • PUT at ₹613.55
Yielding a return of 11.55%

Sell Call Issued on 28-10-2026 at ₹693.7

Disclaimer: https://www.hdfcsec.com/article/disclaimer-1795

Take Action: https://investright.onelink.me/Xwlu/zyth8r8p
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Expert F&O idea of the day💡

Buy SENSEX • 29 Oct 2026 • 73300 • PUT at ₹145 • Target: ₹250 • Potential Returns: 72.41% • Stoploss: ₹100 • Valid upto: 29-10-2026

Trade Now: https://investright.onelink.me/Xwlu/4awlwlt6

Disclaimer: http://hdfcsky.com/disclaimer
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Expert F&O idea of the day💡

Sell BANKNIFTY • 23 Nov 2026 • 53500 • PUT at ₹479 • Target: ₹300 • Potential Returns: 37.37% • Stoploss: ₹610 • Valid upto: 23-11-2026

Trade Now: https://investright.onelink.me/Xwlu/5jxondxl

Disclaimer: http://hdfcsky.com/disclaimer
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MORNING COMMODITY BRIEF — October 29, 2026

COMMODITIES


- Gold: $4,039.39 (-0.69%) — remains volatile near $4,050 after the Fed kept rates unchanged but two officials dissented in favor of a 25-basis-point hike.
- Silver: $53.22 (-1.41%) — extends losses alongside gold as markets reassess the Fed’s policy outlook.
- WTI Crude: $101.34 (-1.40%) — declines as renewed hopes for U.S.-Iran peace talks ease some concerns over Middle East supply disruptions.
- Natural Gas: $3.03 (0.00%) — remains steady ahead of today’s storage data, with the market focused on the balance between production and weather-driven demand.
- Copper: $14,449.20 (-0.27%) — slips as easing concerns over U.S. copper outflows and softer seasonal demand weigh on sentiment.
- U.S. Dollar Index: 102.01 (-0.02%) — holds near 102 as investors await key inflation data for further clues on the Fed’s policy path.
- U.S. 10-Year Treasury Yield: 4.988% (-1.25%) — falls below 5%, providing some support to precious metals despite the Fed’s hawkish signals.

WATCH TODAY (IST)

- *18:00 IST — U.S. Core PCE Price Index (MoM) (Sep) | Forecast: 0.30% | Previous: 0.20%*
- *18:00 IST — U.S. Core PCE Price Index (YoY) (Sep) | Forecast: 3.10% | Previous: 3.00%*
- *18:00 IST — U.S. PCE Price Index (YoY) (Sep) | Previous: 3.40%*
- *18:00 IST — U.S. PCE Price Index (MoM) (Sep) | Forecast: 0.50% | Previous: 0.30%*
- *18:00 IST — U.S. GDP (QoQ) (Q3) | Forecast: 3.20% | Previous: 2.20%*
- 18:00 IST — U.S. Initial Jobless Claims | Forecast: 198K | Previous: 194K
- 19:30 IST — U.S. Dallas Fed PCE (Sep) | Previous: 1.90%
- 20:00 IST — U.S. Natural Gas Storage | Forecast: 75 Bcf | Previous: 77 Bcf

TOP COMMODITY NEWS

- Gold remains volatile around $4,050 after the Federal Reserve left interest rates unchanged as expected but provided limited guidance on the next policy move.
- Two Fed officials dissented in favor of a 25-basis-point rate hike, strengthening expectations for a possible December hike amid persistent energy-driven inflation.
- Fed Chair Kevin Warsh also discussed the possibility of reducing the number of annual rate decisions from eight to six, potentially adding uncertainty around the future policy framework.
- Markets are now focused on the U.S. PCE inflation report, the Fed’s preferred inflation measure, for further clues on the December policy outlook.
- The U.S. dollar remains around 102 as investors assess the implications of the Fed decision and await the inflation data.
- WTI crude declined as renewed hopes for U.S.-Iran peace talks reduced some of the geopolitical premium in oil prices.
- U.S. Vice President JD Vance reportedly sent a letter to Iran’s Security Council chief as Washington seeks to revive diplomatic negotiations.
- Natural gas remains steady ahead of the EIA storage report, with the market expecting a 75 Bcf injection versus 77 Bcf previously.
- Copper weakened as easing concerns over U.S. copper outflows and signs of softer seasonal demand weigh on the near-term outlook.
- Today’s combination of PCE inflation, U.S. GDP and jobless claims will be critical for reassessing the Fed’s December policy expectations and the direction of the dollar and Treasury yields.

MARKET THEME OF THE DAY

PCE inflation takes center stage after a hawkish Fed signal

Gold remains under pressure after the Federal Reserve delivered a broadly expected rate decision but highlighted divisions within the committee. Two dissenting officials favored a rate hike, reinforcing the possibility of tighter policy in December.

The key focus now shifts to the PCE inflation data. A stronger-than-expected core PCE reading could push Treasury yields and the dollar higher, increasing pressure on gold. Conversely, softer inflation data could reduce expectations for a December hike and provide support to precious metals.

U.S. GDP and jobless claims will provide additional signals on economic momentum. Strong growth combined with persistent inflation would strengthen the higher-for-longer narrative, while weaker activity could give the Fed more flexibility.
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Crude oil is correcting as diplomatic efforts between the U.S. and Iran reduce some immediate supply-disruption concerns. Any progress toward negotiations could further reduce the geopolitical premium, while renewed tensions could quickly reverse the decline.

Overall, today’s market direction will be driven primarily by the PCE inflation data and its impact on December Fed expectations. For commodities, lower yields and softer inflation would favor gold, while stronger inflation and renewed oil strength would remain a headwind.

HSL Prime Research
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F&O Update: Book Profit

Book Profit in BANKEX • 29 Oct 2026 • 61200 • CALL at ₹198
Yielding a return of 4.21%

Buy Call Issued on 29-10-2026 at ₹190

Disclaimer: https://www.hdfcsec.com/article/disclaimer-1795

Take Action: https://investright.onelink.me/Xwlu/10k8ick1
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Expert F&O idea of the day💡

Buy SENSEX • 29 Oct 2026 • 73600 • CALL at ₹196 • Target: ₹350 • Potential Returns: 78.57% • Stoploss: ₹130 • Valid upto: 29-10-2026

Trade Now: https://investright.onelink.me/Xwlu/6dsth66u

Disclaimer: http://hdfcsky.com/disclaimer
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F&O Update: Book Profit

Book Profit in SENSEX • 29 Oct 2026 • 73600 • CALL at ₹312.65
Yielding a return of 59.52%

Buy Call Issued on 29-10-2026 at ₹196

Disclaimer: https://www.hdfcsec.com/article/disclaimer-1795

Take Action: https://investright.onelink.me/Xwlu/6i2x70i0
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Expert F&O idea of the day💡

Buy MCX • 23 Nov 2026 • 3500 • CALL at ₹38.65 • Target: ₹58 • Potential Returns: 50.06% • Stoploss: ₹29 • Valid upto: 23-11-2026

Trade Now: https://investright.onelink.me/Xwlu/nify2p0k

Disclaimer: http://hdfcsky.com/disclaimer
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F&O Update: Book Profit

Book Profit in BANKNIFTY • 23 Nov 2026 • 53500 • PUT at ₹383.95
Yielding a return of 19.84%

Sell Call Issued on 29-10-2026 at ₹479

Disclaimer: https://www.hdfcsec.com/article/disclaimer-1795

Take Action: https://investright.onelink.me/Xwlu/lgrxhrwl
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Expert F&O idea of the day💡

Buy BANKEX • 29 Oct 2026 • 61400 • CALL at ₹98 • Target: ₹200 • Potential Returns: 104.08% • Stoploss: ₹48 • Valid upto: 29-10-2026

Trade Now: https://investright.onelink.me/Xwlu/9d20wmdv

Disclaimer: http://hdfcsky.com/disclaimer
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MTF POSITIONAL PICK!

KOTAK MAHINDRA BANK LTD

• Buy at ₹453.3
• Potential Returns: Upto 9.2%
• Target: ₹481 & ₹495
• Stoploss: ₹430
• Time Frame: Upto 13-12-2026

Read Report: https://investright.onelink.me/Xwlu/7re0httd

Trade Now: https://investright.onelink.me/Xwlu/viybajuw
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F&O Update: Book Profit

Book Profit in BANKEX • 29 Oct 2026 • 61400 • CALL at ₹129.85
Yielding a return of 32.5%

Buy Call Issued on 29-10-2026 at ₹98

Disclaimer: https://www.hdfcsec.com/article/disclaimer-1795

Take Action: https://investright.onelink.me/Xwlu/kwpzw2o8
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Expert F&O idea of the day💡

Buy BANKNIFTY • 23 Nov 2026 • 55500 • CALL at ₹523.4 • Target: ₹800 • Potential Returns: 52.85% • Stoploss: ₹350 • Valid upto: 23-11-2026

Trade Now: https://investright.onelink.me/Xwlu/kcrl5wtd

Disclaimer: http://hdfcsky.com/disclaimer
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F&O Update: Book Profit

Book Profit in BANKEX • 29 Oct 2026 • 61300 • CALL at ₹177.6
Yielding a return of 13.41%

Buy Call Issued on 29-10-2026 at ₹156.6

Disclaimer: https://www.hdfcsec.com/article/disclaimer-1795

Take Action: https://investright.onelink.me/Xwlu/v4jmuobu
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Join Live Now: https://youtube.com/live/biOssZ-KcZM?feature=share

Price action tells you what happened, but Open Interest (OI) shows why it's happening and where smart money is moving.

Join now as Sonali Palande, Derivative Product Manager at HDFC Securities, breaks down how to decode market momentum using OI analysis.

Key Takeaways:
* Demystifying OI Build-Up to look beyond surface-level price action.
* Spotting and decoding all 4 OI types: Long Build-Up, Short Build-Up, Short Covering, and Unwinding.
* A live walkthrough of our dedicated OI Build-Up feature on IR Web.
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Expert F&O idea of the day💡

Buy BANKEX • 29 Oct 2026 • 61200 • CALL at ₹138.5 • Target: ₹260 • Potential Returns: 87.73% • Stoploss: ₹70 • Valid upto: 29-10-2026

Trade Now: https://investright.onelink.me/Xwlu/qsgq74q6

Disclaimer: http://hdfcsky.com/disclaimer
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F&O Update: Book Profit

Book Profit in BANKEX • 29 Oct 2026 • 61200 • CALL at ₹198.35
Yielding a return of 43.21%

Buy Call Issued on 29-10-2026 at ₹138.5

Disclaimer: https://www.hdfcsec.com/article/disclaimer-1795

Take Action: https://investright.onelink.me/Xwlu/yt22dh2y
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