Nifty:%;Candle:OGU,Long day red; Bank Nifty:% Candle:OGU,Long day red ; HB:OgU,Long day red, 1677,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-3979;Opt%
OI data Nifty ( max pain W19650M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Indian Oil Corporation, Bank of India, M&M Financial Services, Marico, Chalet Hotels, DCB Bank, Equitas Small Finance Bank, Exide Industries, Fino Payments Bank, KFin Technologies, Laxmi Organic Industries, Nazara Technologies, NLC India, Piramal Enterprises, RITES, Route Mobile, Satin Creditcare Network, SBI Cards and Payment Services, Star Health, and United Breweries will be in focus ahead of quarterly earnings on July 28.
NTPC, IDFC First Bank, MCX India, D-Link (India), Five-Star Business Finance, Inox Wind, Rossari Biotech, Sonata Software, and Stove Kraft will be in focus ahead of June FY24 quarter earnings on July 29.
Market wrap up(DWM,T,N,E):With the formation of Bearish Engulfing kind of candlestick pattern on the monthly F&O expiry day, July 27, the bears got back in action mode and dragged the Nifty50 below 10-day EMA (exponential moving average) that had acted as a support for several sessions in the past, after the Federal Reserve hinted for one more rate hike in rest of calendar year. As a result, the index may see further correction up to 19,500 or 20-day EMA and if the said levels get broken then there could be sharp correction in the beginning sessions of August series. On July 27, the BSE Sensex dropped 440 points to 66,267, while the Nifty50 slipped 118 points to close at 19,660 despite uptrend in global peers, led by banking & financial services, auto, FMCG, oil & gas, and select IT stocks. Going ahead, “the profit booking may extend a bit and the support level of 19,500 (20-EMA) is likely to get challenged in this scenario,” this average has proven to be a strong base during previous price corrections in May and June, resulting in significant positive momentum. Therefore, it holds pivotal importance for the upcoming sessions, as a break below it may lead to meaningful profit booking in days to come, On the other hand, Thursday’s supply zone around 19,850 – 19,880 is expected to act as a stiff resistance, and only a breakthrough would trigger an upside momentum. Hence, Rajesh advised traders to wait for some consolidation or a decent price dip before considering aggressive long positions. The daily as well as hourly momentum indicator has a negative crossover which is a sell signal. Thus, “both price and momentum indicators are suggesting that there could be some weakness in the short term,” The daily Bollinger bands are also contracting, which points towards consolidation in the short term. And thus, Jatin changes short-term stance from positive to sideways and the range of consolidation is likely to be 19,900 – 19,500.
Nifty:%;Candle:OGD,Short day red; Bank Nifty:% Candle:OGD,Doji ; HB:OGD,Doji,1679
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long%FutCash;;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Tata Steel, HDFC Asset Management Company, Canara Bank, IDBI Bank, TVS Motor Company, PNB Housing Finance, Poonawalla Fincorp, Spandana Sphoorty Financial, Chennai Petroleum Corporation, Craftsman Automation, Gravita India, IIFL Securities, Jammu & Kashmir Bank, JK Paper, Mahindra Logistics, Sharda Cropchem, Shoppers Stop, SRF, and Tamilnad Mercantile Bank will be in focus ahead of quarterly earnings on July 24.
The NSE has retained Balrampur Chini Mills, Delta Corp, Indiabulls Housing Finance, L&T Finance Holdings, Manappuram Finance, and Punjab National Bank in its F&O ban list for July 24.
Market wrap up(DWM,T,N,E):The market saw sharp selling on July 21 as Infosys and HUL guidance hit sentiment, even as participants turned cautious ahead of earnings announcements from heavyweights Reliance Industries, which came out with its numbers later in the day, and ICICI Bank, which shared its June quarter report card the next day. The Sensex tanked 888 points to 66,684, while the Nifty50 declined 234 points to 19,745 and formed a bearish candlestick with long upper shadow on the daily charts. On the hourly charts, the index took support at 50-day exponential moving average (19,704) and on the daily charts, it defended 19,700, which can be immediate support. A crucial support level for the Nifty lies at 19,700, marked by significant Put writing. Should the index breach this level, it may lead to a substantial market correction. On the upside, resistance is positioned at 20,000,” On the broader front, we have mixed trends as the breadth was tilted in favour of bears with 2:3 ratio. The Nifty midcap 100 index was down 0.4 percent, while the smallcap 100 gained 0.7 percent, Volatility also cooled down from the day’s high, indicating stablity in near term. India VIX, a measure of volatility expected over the next 30 days, fell 2.54 percent to 11.49 levels.
Nifty:19778.3/97.7/0.5%;Candle:OF,Short day green; Bank Nifty:46062.35/217.35/0.47% Candle:OGU,Short day green ; HB:1693,Of,Short day red,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long67%FutCash;923;Opt95%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Nestle India, ACC, Bajaj Finserv, Indian Hotels, Indian Bank, Indus Towers, Ajanta Pharma, Arvind, Astec Lifesciences, Bharat Electronics, Birlasoft, Coromandel International, Home First Finance Company, Indian Energy Exchange, Intellect Design Arena, JK Lakshmi Cement, Dr Lal PathLabs, Laurus Labs, Macrotech Developers, Nippon Life India Asset Management, RailTel Corporation of India, Sona BLW Precision Forgings, Sundram Fasteners, Symphony, Trident, Tata Teleservices, and Ujjivan Small Finance Bank will be in focus ahead of quarterly earnings on July 27.
The NSE has retained Delta Corp, RBL Bank, and Sun TV Network in its F&O ban list for July 27.
Market wrap up(DWM,T,N,E):The market is expected to continue its consolidation and rangebound trade in coming sessions, and if the Nifty50 decisively closes above 19,850, the resistance point, then there is a fair chance that it could march towards its record high levels. The index has negated its lower high and lower low formation in the previous three straight sessions and has taken healthy support at the 10-day exponential moving average (EMA) of around 19,650, which can be near-term support for the Nifty50, followed by critical support area of 19,600-19,500. “On the daily charts, we can observe that the Nifty managed to bounce from the Fibonacci support level of 19,650. However, the upside got restricted by the hourly upper Bollinger band, which was placed around 19,830,” the daily and the hourly momentum setup is providing divergent signals which can lead to a consolidation in the short term. The daily Bollinger bands are also contracting, which points to a consolidation in the short term, In terms of levels, Gedia believes that 19,615-19,560 shall act as a crucial support zone, and on the upside, 19,830–19,850 shall act as an immediate hurdle zone , On July 26, the Nifty50 rose nearly 100 points to 19,778 and formed a bullish candlestick with a small upper shadow on the daily charts, while the BSE Sensex climbed 351 points to 66,707. The Nifty Midcap 100 and Smallcap 100 indices gained 0.4 percent and 0.2 percent, respectively on positive breadth, while India VIX, the fear index, increased by 2.09 percent to 10.46, indicating stable markets.
Nifty:19680.6/8.25/0.04%;Candle:OF,Doji; Bank Nifty:45845/-78.05/-0.17% Candle:OGU,Sort day red ; HB:OGU,Short day green,1695
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long66%FutCash;1089;Opt92%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Axis Bank, Bajaj Finance, Dr Reddy’s Laboratories, Tech Mahindra, Shree Cement, Tata Consumer Products, Bharat Petroleum Corporation, Cipla, Punjab National Bank, REC, Colgate-Palmolive, Aditya Birla Sun Life AMC, Aegis Logistics, Aether Industries, Deepak Fertilisers, Glaxosmithkline Pharmaceuticals, Godfrey Phillips India, HFCL, Jindal Stainless, Mahindra Lifespace Developers, Novartis India, Oracle Financial Services Software, Praj Industries, Syngene International, and TeamLease Services will be in focus ahead of quarterly earnings on July 26.
The NSE has added Sun TV Network to its F&O ban list for July 26, while retaining Canara Bank, Delta Corp, Indiabulls Housing Finance and RBL Bank.
Market wrap up(DWM,T,N,E):The market has seen consolidation and rangebound trade on July 25 after correction in the past two sessions, and closed on a flat note, while the volatility hit an all-time closing low. The market participants seem to be cautious ahead of the interest rate decision by US Federal Reserve on July 26. The BSE Sensex was down 29 points at 66,356, while the Nifty50 rose 8 points to 19,681 and formed a bearish candlestick with a lower shadow on the daily charts. The index has taken good support at 10-day EMA (exponential moving average) of 19,655 for yet another session. “Tuesday’s candle pattern was formed beside the similar candle of the previous session. Technically, this pattern indicates a choppy movement in the market with weak bias. The Nifty is currently showing signs of slowing down of downside momentum and is placed at the support of 10-day EMA,” Nifty’s short-term movement is choppy. Having placed at the support, there is a possibility of an upside bounce in the short term towards the immediate resistance of 19,800-19,850 levels in the coming sessions, the next support is placed at 19,600 levels. The broader markets remained mixed and we have seen an almost equal advance-decline ratio. The Nifty Midcap 100 index was up 0.4 percent and Smallcap 100 index fell 0.1 percent. India VIX, which measures the expected volatility for the next 30 days for the Nifty50, dropped sharply by 12.1 percent from 11.65 to 10.24 levels, the lowest-ever closing level, which supported the recovery in the market, indicating stability.
Nifty:19672.35/-72.65/-0.37%;Candle:OF,Doji; Bank Nifty:45923.05/-152.15/-0.33% Candle:OF,Short day red ; HB:Doji,1678,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-82;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Larsen & Toubro, Tata Motors, Bajaj Auto, Asian Paints, Jubilant FoodWorks, Amber Enterprises India, Apollo Pipes, Aurionpro Solutions, Ceat, Cyient, Delta Corp, Dixon Technologies, Indoco Remedies, Jyothy Labs, KPIT Technologies, Mahindra Holidays & Resorts India, SBI Life Insurance Company, Suzlon Energy, Triveni Engineering & Industries, and UTI Asset Management Company will be in focus ahead of quarterly earnings on July 25.
The NSE has added Canara Bank, and RBL Bank to its F&O ban list for July 25, while retaining Delta Corp, Indiabulls Housing Finance, and Punjab National Bank.
Market wrap up(DWM,T,N,E):The market extended losses for yet another session amid volatility on July 24, with the Nifty50 breaking below the 19,700 mark. The selling in FMCG, metal, oil & gas, and select banks and technology stocks weighed down the market The BSE Sensex dropped 300 points to 66,385, while the Nifty50 declined 73 points to 19,672 and formed a bearish candlestick on the daily charts making lower highs and lower lows formation. The index remained below the five-day EMA (exponential moving average – 19,737) for the second consecutive session, but has taken support at 10-day EMA (19,650). “A reasonable negative candle was formed on the daily chart with a minor upper shadow. Technically, this pattern indicates short-term weakness in the market with sell-on-rise opportunity,” The Nifty is currently placed at the immediate support of 10-day EMA and the important lower support of 20-day EMA is placed around 19,450 levels. The said 20-day EMA has been holding for the past three months and has offered support for the Nifty to witness upside bounces from it in the past , the short-term trend of the Nifty remains weak and the present weakness with volatility is expected towards the important support of 19,500-19,400 levels before showing an upside bounce from the lows. Immediate resistance is placed at 19,780 levels, But the market breadth was not very weak as about 1,109 equity shares declined against 970 advancing shares on the NSE. The broader markets were mixed with the Nifty Midcap 100 index falling 0.15 percent and Smallcap 100 index gaining 0.4 percent.
Nifty:19833.15883.9/0.42%;Candle:OGU,Doji; Bank Nifty:45669.3/258.45/0.57% Candle:OGU,Doji ; HB:F,Doji, 1685,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long%FutCash;1165;Opt%
OI data Nifty ( max pain W19800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Infosys, Hindustan Unilever, Union Bank of India, United Spirits, Coforge, CSB Bank, Dalmia Bharat, Havells India, IndiaMART InterMESH, ICICI Securities, 360 ONE WAM, Mphasis, Nelco, Persistent Systems, Quick Heal Technologies, Reliance Industrial Infrastructure, Shalby, South Indian Bank, Tanla Platforms, and Zensar Technologies will be in focus ahead of quarterly earnings on July 20.
The NSE has added L&T Finance Holdings and Polycab India to its F&O ban list for July 20, while retaining Delta Corp, Indiabulls Housing Finance, Manappuram Finance, and RBL Bank .
Market wrap up(DWM,T,N,E):The market maintained a relentless uptrend since last Friday and saw a fresh record close on July 19, with the Nifty50 ending above 19,800 levels and the BSE Sensex above the 67,000 mark for the first time. Consistent FII buying and upside in banking and financial services aided the rally. The BSE Sensex jumped 302 points to 67,097, while the Nifty50 climbed 84 points to 19,833 and formed a bullish candlestick pattern with a long lower shadow on the daily charts, indicating buying interest at lower levels. “On the daily chart, we can observe that the Nifty has consolidated between 19,700 and 19,850 in the past couple of trading sessions. Today it tested the lower end of that range and witnessed buying interest indicating that it is a strong support, and the floor is set for the next leg of up move,” “The daily and the hourly momentum indicator is providing divergent signals which could lead to a short-term consolidation. However, the overall structure seems to be turning in the favour of the bulls and hence we shall continue to maintain a positive outlook on the index,” The buying was also seen in the broader markets with positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained 0.7 percent and 0.8 percent respectively.
Oil, Gold, Bonds, Dollar, dollar buckles on US disinflation signs as Fed nears end of hiking cycle, BC 31408/1094/3.6%
Nifty:19413.75/29.45/0.15%;Candle:OF,Doji; Bank Nifty:44665.05/25.6/0.06% Candle:OF,Short day red, ; HB:OGD,Short day red,1651,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long69%FutCash;2237;Opt97%
OI data Nifty ( max pain W19450M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:JSW Energy, Bandhan Bank, CCL Products (India), Coromandel Engineering Company, Den Networks, GTPL Hathway, Just Dial, Kesoram Industries, Sastasundar Ventures, Tata Steel Long Products, Unichem Laboratories, Vandana Knitwear, and VST Industries will be in focus ahead of quarterly earnings on July 14. Stocks like Avenue Supermarts, Star Housing Finance, Rallis India, Vakrangee, Ksolves India, Menon Bearings, and Trident Lifeline will be in focus ahead of their quarterly earnings on July 15.
The NSE has added Delta Corp to its F&O ban list for July 14, while retaining Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Punjab National Bank, and Zee Entertainment Enterprises.
Market wrap up(DWM,T,N,E):The market had a healthy rally on July 13 morning but came off record highs in later part of the session due to profit taking at higher levels, and closed with moderate gains, with support from global peers after fall in US inflation. The rally was majorly led by technology and private banking & financial services. The BSE Sensex surpassed the 66,000-mark for the first time before closing with 165 points gains at 65,559, while the Nifty50 hit a fresh all-time high of 19,567, before ending the session at 19,414, up 30 points and formed bearish candlestick pattern on the daily charts, but made higher high, higher low formation. Overall, the index remained in the range of 19,300-19,500 levels for sixth straight session. “The indicators still showcase overbought sentiments, but the bulls are resilient in letting loose their grip,” said Osho Krishan, Sr. Analyst, Technical & Derivative Research at Angel One. As far as levels are concerned, he feels an authoritative closure above 19,500 could only trigger the next leg of rally towards 19,600-19,650. On the flip side, a series of support zone could be seen from 19,350-19,300 on an immediate basis, while the sacrosanct support lies at the bullish gap of 19,200-19,235, he said. The market breadth was in favour of bears with 1:2 ratio. The Nifty Midcap 100 and Smallcap 100 indices were down 0.8 percent and 1 percent, respectively.
Asia markets mixed ahead of Australia central bank minutes, Nik,32663/271/0.84% Dj, 34585/76/0.22% Vix13.18/1.05% US stock futures inch lower, ahead of busy earning day, BC 30167/-106/-0.35%
Oil, Gold, Bonds, Dollar,Dollar declines slow as investors wair on Fed
Nifty:%;Candle:OGU,Long day green; Bank Nifty:% Candle:OGU,Long dau green ; HB:OGU,Long day green,1679,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:19790/52/0.26% FII Long70%FutCash;73;Opt104%
OI data Nifty ( max pain W19600M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Delta Corp, Indiabulls Housing Finance, Manappuram Finance, and RBL Bank on its F&O ban list for July 18.
Market wrap up(DWM,T,N,E):The market remained strong for yet another session, as the benchmark indices hit fresh all-time highs on July 17 with the help of banking and financial services space which was consolidating for several sessions. Select technology and oil and gas stocks also boosted the rally. The BSE Sensex climbed 529 points to 66,590, while the Nifty50 jumped 147 points to close above 19,700 for the first time, at 19,712, and formed a long bullish candlestick pattern on the daily charts. “The chart pattern indicates a sharp upside breakout of the recent sideways range movement in the market. The Nifty is in a sharp up-trended movement and we observe higher high and higher low formation on the daily chart,” the lack of sharp selling participation has been observed during recent higher lows, which reflects the strength of upside momentum in the market. Having moved decisively above the resistance of 19,500 levels recently, the Nifty is expected to reach the next upper trajectories of 19,800 levels (1.382 percent Fibonacci projection) and the psychological 20,000 mark in the near term, he feels. Important support for trend reversal is placed at 19,500 levels. The broader markets also gained strength as the Nifty Midcap 100 index was up 0.3 percent and Smallcap 100 index climbed 0.9 percent.
Nifty:%;Candle:OGU,Doji; Bank Nifty:% Candle:OGU,Short day red ; HB:OGU,Doji
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:19801/-4/-0.01% FII Long71%FutCash;2116;Opt99%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:L&T Finance Holdings, Tata Coffee, Tata Communications, TRF, Alok Industries, Can Fin Homes, Century Textiles & Industries, Finolex Industries, Hatsun Agro Product, Jubilant Pharmova, Bank of Maharashtra, Mastek, Newgen Software Technologies, and Shemaroo Entertainment will be in focus ahead of quarterly earnings on July 19.
The NSE has retained Delta Corp, Indiabulls Housing Finance, Manappuram Finance, and RBL Bank on its F&O ban list for July 19.
Market wrap up(DWM,T,N,E):The market continued to scale new highs for yet another session, though there was profit-taking at higher levels which resulted in an off-day’s high close for the benchmark indices on June 18. Technology stocks and Reliance Industries supported the market, The BSE Sensex rose 205 points to 66,795, while the Nifty50 advanced 38 points to 19,749 and formed a bearish candlestick pattern with minor upper and lower shadows on the daily charts. “Technically, such patterns are called high wave type candle patterns. By nature, the formation of a high wave at the hurdle/swing highs reflect high volatility and sometimes act as a reversal pattern, post confirmation,” But “any formation of major reversal pattern is ruled out and one may expect consolidation or minor weakness in the next 1-2 sessions”, he near-term trend of Nifty remains up and any consolidation from here could be a buy-on-dips opportunity. Immediate support is placed at 19,550-19,600 levels and the upper area of 19,800-19,850 could act as a short-term resistance, The broader markets were under pressure on weak breadth. The Nifty Midcap 100 index fell 0.14 percent and Smallcap 100 index declined 0.94 percent, while the India VIX increased further by 3.49 percent to 11.71 levels.
Nifty:19564.5/150.75/0.78%;Candle:OGU,Short day green; Bank Nifty:44819.3/154.25/0.35% Candle:OGU,Doji ; HB:OGU,Short day red,1645,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long%FutCash;;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:HDFC Bank, LTIMindtree, Tata Elxsi, Tinplate Company of India, Central Bank of India, CRISIL, Hathway Cable & Datacom, Huhtamaki India, Onward Technologies, Seacoast Shipping Services, and Tarapur Transformers will be in focus ahead of June FY24 quarter earnings on July 17.
The NSE has added RBL Bank to its F&O ban list for July 17, while retaining Delta Corp, Hindustan Copper, Indiabulls Housing Finance, Manappuram Finance, and Punjab National Bank.
Market wrap up(DWM,T,N,E):The market saved the best for the last again as a late surge on July 14 catapulted the equity benchmarks to new highs, powered largely by technology stocks that saw buying interest after a long time. The 30-pack Sensex jumped 502 points to 66,061, the first time it closed above 66,000. The broad-based Nifty gained 151 points to 19,565, managing to end above 19,500 after several failed attempts. The index formed a bullish candlestick on the daily charts, with a breaking upward sloping resistance trendline as well as the eight-day consolidation range. “The Nifty’s break above the consolidation range of 19,300-19,500 suggests increasing optimism in the market. The resistance at 19,500, which was heavily built by Call writers, has been surpassed on a closing basis. This breakthrough is expected to lead to a significant rally as Call writers unwind their positions,” The bullish crossover on the momentum indicator Relative Strength Index (RSI) reinforces the momentum. The Nifty may rise to 19,700-19,720 but it’s important to consider the short-term support at 19,300,
