Asia pacific markets mixed as US debt ceiling talks set to resume; Nik, 30849/44/0.14% Dj,33426/-109./-0.33% Vix16.81/4.7%, Stocks end fri day lower as GDP negotiations halt debt ceiling talks, BC 26667/-398/-1.51%
Oil,71.67, slips as debt talks stop, Fed warns of high inflation, Gold, 1980, gets lifeline from renewed banking jitters , Powell comments, Bonds,3.682,rises slightly after FED Chair Powell’s latest comments, Dollar, skids as powell hints at june pause , debt talks stall,
Nifty:18203.4/73.45/0.41%;Candle:OF,Doji; Bank Nifty:43969.4/217.1/0.5% Candle:OF,Diji ; HB:OF,Doji,1647,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long48%FutCash;-113;Opt97%
OI data Nifty ( max pain W18200M)
OI data Bank Nifty Nifty(max pain W M)
News:
The National Stock Exchange has retained L&T Finance Holdings, Aditya Birla Fashion & Retail, Balrampur Chini Mills, Delta Corp, GNFC, and Manappuram Finance to its F&O ban list for May 22.
Events/Results:Shree Cement, Bharat Petroleum Corporation, PB Fintech, Aditya Birla Fashion and Retail, CESC, Capri Global Capital, EIH, Finolex Industries, Fusion Micro Finance, Gujarat Alkalies & Chemicals, HCL Infosystems, HEG, Indiabulls Housing Finance, Radiant Cash Management Services, SJVN, Sun Pharma Advanced Research Company, and Waaree Technologies will be in focus ahead of quarterly earnings on May 22.
Market wrap up(DWM,T,N,E):The market closed higher on May 19 after three days of losses, as buying in the last hours helped the Nifty50 close above 18,200. Information technology, banks, auto and some metal stocks supported the benchmark indices. “A small positive candle was formed on the daily chart with a long lower shadow. Technically, this candle pattern indicates the formation of a bullish hammer-type pattern. Normally, formation of such hammer patterns post reasonable decline signal possible reversal on the upside post confirmation,” The confirmation of the bullish hammer pattern could pull the Nifty towards the crucial resistance band of 18,400-18,500 again, The short-term trend for the Nifty remains choppy but the emergence of buying interest from the lows on May 19 raises hopes of an upside bounce,
