Nifty:19347.45/4.8/0.02%;Candle:OGU,Long day red; Bank Nifty:44232.6/-262.65/-0.59% Candle:OGU,Long day red ; HB:OGU.Long day red,1608,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long46%FutCash;-495;Opt94%
OI data Nifty ( max pain W19350M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added BHEL to its F&O ban list for August 31, while retaining Indiabulls Housing Finance to the list. Manappuram Finance, RBL Bank, Sun TV Network, Escorts Kubota, GMR Airports Infrastructure, and Hindustan Copper removed from the said list.
Market wrap up(DWM,T,N,E):The late-hour profit-booking erased most of the gains and the benchmark indices ended flat with a positive bias on August 30, ahead of the expiry of August month futures & options contracts on August 31. The Nifty failed to hold the crucial 19,400-19,500 hurdle and has taken support at 19,300. Hence in the coming sessions, the index is expected to face resistance at a similar range, with support at 19,300-19,200 levels, experts said. “The Nifty index encountered a robust resurgence of bearish momentum, leading to considerable selling pressure at elevated levels. Amidst this downturn, the addition of substantial open interest in the 19,500 Call options signifies that the index is poised to expire below the 19,500 mark,” In terms of technical levels, he believes that the index’s immediate support on the downside is evident in the range of 19,300-19,250. A failure to sustain above this level could potentially trigger a continuation of the downward movement , We continued to see strong interest in the broader markets on positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained 0.7 percent and 1 percent respectively, while the India VIX, the fear index, dropped below 12 levels, down by 3.47 percent to 11.80 levels.
Nifty:19342.65/36.6/0.19%;Candle:OGU,Short day red; Bank Nifty:44495.25/0.6/0.02% Candle:OGU,Short day red ; HB:OGU,Doji,1590,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long45%FutCash;61.5;Opt93%
OI data Nifty ( max pain W19350M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Escorts Kubota, GMR Airports Infrastructure, Hindustan Copper, Indiabulls Housing Finance, Manappuram Finance, RBL Bank, and Sun TV Network to its F&O ban list for August 30, while removing BHEL, and India Cements from the said list.
Market wrap up(DWM,T,N,E):The market on August 29 continued its upward journey for the second consecutive session but with volatility and amid consolidation. The Nifty faced strong resistance at 19,350-19,400; hence breaking the level decisively can lift the index towards 19,500-19,600, whereas the support is expected to remain at 19,250, experts said. The BSE Sensex rose 79 points to 65,076, while the Nifty50 climbed 37 points to 19,343, and formed a bearish candlestick pattern on the daily charts as the closing was lower than opening levels, but continued making higher tops and higher bottoms formation for yet another session. “On the daily charts, we can observe that the Nifty has been hovering around the 40-day moving average (19,359) since the past couple of trading sessions. As long as the Nifty holds above 19,250, we can expect the consolidation to continue,” On the downside, he feels 19,250-19,230 is the crucial support zone while on the upside, 19,450-19,470 shall act as a crucial resistance from a short-term perspective. “Daily and hourly momentum indicators have a positive crossover, which is a buy signal. However, prices are trading at a resistance and hence we shall wait for a price confirmation,” The broader markets continued their northward journey, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.3 percent and 0.5 percent respectively.
The NSE has added Escorts Kubota, and Sun TV Network to its F&O ban list for August 28, while retaining BHEL, GMR Airports Infrastructure, Hindustan Copper, India Cements, Manappuram Finance, and RBL Bank in the list. However, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Indiabulls Housing Finance, Metropolis Healthcare, and Punjab National Bank were removed from the said list.
Market wrap up(DWM,T,N,E):The market after negative opening remained volatile throughout session and closed six-tenth of a percent lower on August 25, continuing downtrend for second consecutive session. The Nifty has managed to take a support at around 19,230-19,250 area on closing basis, which also coincides with previous month’s low and also formed Inverted Hammer kind of pattern on the weekly charts, which is a bullish reversal pattern. Hence, if there is any bounce back, the immediate resistance would be 19,400-19,500 levels which coincides with 21-day EMA (19,445), but the breaking of the above support can drag the index up to 19,100-19,000 levels, the crucial support, in coming sessions, The BSE Sensex declined 366 points to 64,887, while the Nifty50 fell 121 points to 19,266 and formed small bearish candlestick pattern with minor upper & lower shadows on the daily scale, negating higher highs formation of previous four sessions. “The sentiment is expected to stay bearish as long as the index remains below 19,450, where the 21-day exponential moving average (EMA) is positioned on the daily timeframe,” We have also seen selling pressure in the broader markets with negative breadth in the ratio of around 1:2. The Nifty Midcap 100 and Smallcap 100 indices fell 0.8 percent and 0.4 percent respectively, while the India VIX, the fear index, climbed above 12 levels, rising by 3.26 percent.
Nifty:19444/47.55/0.25%;Candle:OGU,Doji; Bank Nifty:44479.05/485.8/1.1% Candle:OF,Short day green ; HB:OGD,Short day green,1586,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long45%FutCash;614;Opt95%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Sun TV Network to its F&O ban list for August 24, while retaining BHEL, Delta Corp, Escorts Kubota, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Metropolis Healthcare, and Punjab National Bank in the list. However, SAIL, and Zee Entertainment Enterprises were removed from the said list.
Market wrap up(DWM,T,N,E):The market tried hard to break the consolidation on the higher side, but could not get back above the 19,500 mark, though the indices closed higher with decent gains on August 23, ahead of the weekly F&O expiry the following day. If the Nifty50 manages to close and sustain above 19,500, then further upside looks likely in coming sessions. But a failure of the same indicates the continuation of consolidation between 19,500 and 19,250, experts said. “The Nifty took support from the 50-day exponential moving average (DEMA) of 19,265 on August 18 and moved up steadily since then. However, the Nifty is consolidating in the 19,300-19,500 range since the last seven trading sessions and yet to give a strong close above it,” The maximum Call open interest for the Nifty is placed at 19,500 strike. Short covering at 19,500 strike is likely to result in a sharp move on the upside ahead of the weekly expiry on August 24, he feels , We have seen a continuation of the upward rally in the broader space with positive breadth in the ratio of 3:2. The Nifty Midcap 100 and Smallcap 100 indices gained 0.4 percent and 0.9 percent respectively.
Nifty:19386.7/-57.3/-0.29%;Candle:OGU,Long day red; Bank Nifty:44496.2/17.15/0.04% Candle:OGU,Short day red, ; HB:OGU,Short day red,1583,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;;Opt%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added GMR Airports Infrastructure, and RBL Bank to its F&O ban list for August 25, while retaining BHEL, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Metropolis Healthcare, and Punjab National Bank in the list.
Market wrap up(DWM,T,N,E):The market is likely to stay in the range of 19,250-19,600 in coming sessions, as the healthy attempt of a rally on August 24 failed due to a strong bear attack, experts said. Only if the index successfully manages to close above the 19,500 mark in coming sessions that a new leg of rally is possible. On August 24, it was a great start for the market and looked like a strong breakout with the Nifty reaching closer to the 19,600 mark on the weekly F&O expiry day. But the entire rally fizzled out in the afternoon as bears took control over Dalal Street. The index lost nearly 200 points from the day’s high and closed lower by 57 points at 19,387, forming a long bearish candlestick pattern which resembles a Bearish Engulfing kind of pattern formation on the daily scale, indicating the bear may be in power but requires same kind of action in the following session for confirmation of downtrend. However, the Nifty continued to make higher highs formation for the fourth straight session by getting support at the previous day’s low. “The Nifty faced stiff resistance around the previous high of 19,600. It seems that bears are in no mood to let go off bulls so easily. Maximum Call and Put open interest is currently placed at 19,400 levels. This indicates that the Nifty is back in no man’s land,” Hence, he feels that the index is likely to trade in a range of 19,300 to 19,600 till there is a decisive breakout. The BSE Sensex was down 181 points to 65,252, while the Nifty Midcap 100 index gained 0.24 percent, but the Smallcap 100 index fell 0.35 percent.
Nifty:19526.55/-207/-1.05%;Candle:OGD,Long day red; Bank Nifty:44995.7/-596.8/-1.31% Candle:OGD,Long day red ; HB:OGD,Doji, 1642,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long49%FutCash;-1877;Opt96%
OI data Nifty ( max pain W19550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Bharti Airtel, Eicher Motors, Sun Pharmaceutical, Lupin, Dabur India, Adani Enterprises, Zomato, LIC Housing Finance, Adani Power, Blue Star, Cummins India, Deepak Nitrite, Great Eastern Shipping, ICRA, KEC International, Karnataka Bank, Mahanagar Gas, Minda Corporation, MRF, Radico Khaitan, Tube Investments of India, and Varun Beverages will be in focus ahead of quarterly earnings on August 3.
The NSE has added Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) to its F&O ban list for August 3, while retaining Hindustan Copper, Piramal Enterprises, and Indiabulls Housing Finance in the said list.
Market wrap up(DWM,T,N,E):Bharti Airtel, Eicher Motors, Sun Pharmaceutical, Lupin, Dabur India, Adani Enterprises, Zomato, LIC Housing Finance, Adani Power, Blue Star, Cummins India, Deepak Nitrite, Great Eastern Shipping, ICRA, KEC International, Karnataka Bank, Mahanagar Gas, Minda Corporation, MRF, Radico Khaitan, Tube Investments of India, and Varun Beverages will be in focus ahead of quarterly earnings on August 3. Experts believe that the index may hold the said support of 19,500; but in case it breaks the same, then the upward-sloping support trendline can act as the next support, whereas the immediate hurdle on the higher side may be 19,600-19,700, they said. The Nifty50 tanked 207 points or 1 percent to 19,527 and formed a bearish candlestick pattern with a long lower shadow on the daily charts, weighed down by correction in global peers after Fitch Ratings downgraded the credit rating of the United States. “Technically, today’s pattern formation indicates a sharp negative reversal in the market. The Nifty is currently placed at the edge of moving below the immediate support of up trend line at 19,500 as per the concept of change in polarity,” The next crucial lower supports to be watched are around 19,200-19,100 in the coming week. However, any pullback rally up to 19,600-19,650 could be a sell-on-rise opportunity
Nifty:%;Candle:OGU,Short day green; Bank Nifty:% Candle:OGU,Doji ; HB:OGU,Short day red,1592,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-1901;Opt%
OI data Nifty ( max pain W19350M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Metropolis Healthcare to its F&O ban list for August 22, while retaining Chambal Fertilisers & Chemicals, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Punjab National Bank, SAIL, and Zee Entertainment Enterprises in the list.
Market wrap up(DWM,T,N,E):We saw a bounce back in the benchmark indices on August 21, showing a good start to the week. The Nifty50 saw a dip in the initial hour of trade, but rebounded smartly by taking the support again at 19,300-19,250 levels, which coincides with 50-day EMA (exponential moving average). Hence, this area is expected to remain a crucial support going ahead. “Technically, Monday’s candlestick pattern indicates narrow range movement in the market at the support of 19,250-19,300 levels,” Though the Nifty is placed at the immediate supports, there is a lack of strength observed in the upside bounces. Hence, such repeated testing of the supports without showing any significant upside bounces could eventually result in a decisive downside breakout of the said supports, he feels. The broader markets were also positive, with the Nifty Midcap 100 and Smallcap 100 indices climbing 0.8 percent and 0.6 percent respectively, while the India VIX, the fear index dropped below 12 levels, may be supporting the bulls. However, further upside from here could encounter strong hurdle around 19,500 levels, Nagaraj said. The broader markets were also positive, with the Nifty Midcap 100 and Smallcap 100 indices climbing 0.8 percent and 0.6 percent respectively, while the India VIX, the fear index dropped below 12 levels, may be supporting the bulls.
Nifty:%;Candle:OGD,Doji; Bank Nifty:% Candle:OF,Short day green ; HB:OGD,Doji,1591
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long42%FutCash;-266;Opt96%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Manappuram Finance to its F&O ban list for August 21, while retaining Chambal Fertilisers & Chemicals, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Granules India, Hindustan Copper, Indiabulls Housing Finance, India Cements, Punjab National Bank, SAIL, and Zee Entertainment Enterprises in the list.
Market wrap up(DWM,T,N,E):The market saw consolidation throughout the session on August 18 and closed in red with moderate losses. But it has taken a support at 19,250 levels on the Nifty50 which coincides with 50-day EMA (exponential moving average placed at 19,265), which is expected to continue acting as a support in coming sessions too, and if the said levels get broken then 19,000 can be the possibility on the lower side. However, on the higher side, 19,500 which coincides with 21-day EMA (placed at 19,490) is likely to be critical hurdle on the higher side, experts said. The index has consistently remained below its 21-day EMA, a sign that underscores the prevalence of a bearish trend. On the lower end, support is placed at 19,250. A fall below 19,250, may trigger a correction towards 19,000 and lower,” The broader markets were also under pressure amid volatility, with the Nifty Midcap 100 and Smallcap 100 indices falling 0.2 percent and 0.5 percent respectively, while the volatility dropped by 0.8 percent, but India VIX held above 12 mark.
Nifty:19396.45/2.85/0.01%;Candle:OF,Doji; Bank Nifty:43993.25/-8.75/-0.02% Candle:OF,Doji ; HB:OGU,Short day red, 1582,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added BHEL and Escorts Kubota to its F&O ban list for August 23, while retaining Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Metropolis Healthcare, Punjab National Bank, SAIL, and Zee Entertainment Enterprises in the list.
Market wrap up(DWM,T,N,E):The market closed flat after volatility during the day, and this was despite the rally in global peers on August 22. Broadly, the Nifty50 has been in the range of around 200-250 points since August 14 with resistance around 19,450-19,500 and crucial support at 19,300-19,250 area. Experts expect the benchmark index to remain within the said range and advised continuing with sell on rally as long as the index remains below the 19,500 mark. “Throughout the day, the Nifty index exhibited a distinct lack of movement, with traders uncertain about the market’s upcoming trajectory. Notably, there is a noticeable resistance observed at the 21-day exponential moving average (EMA placed at 19,474) on the chart’s upper spectrum,” As things stand, the market continues to favour a strategy of selling into rallies, maintaining this stance as long as it remains below the 19,500 mark,” The broader markets were fully backed by bulls, as the Nifty Midcap 100 index rose 1.1 percent and Smallcap 100 index gained 0.8 percent, while the breadth was positive with 3:2 ratio.
Nifty:%;Candle:OGD, Short day red,; Bank Nifty:% Candle:OF,Doji ; HB:OGD,Doji, 1600,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long39%FutCash;-1511;Opt84%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Punjab National Bank to its F&O ban list for August 18, while retaining Chambal Fertilisers & Chemicals, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Granules India, Hindustan Copper, Indiabulls Housing Finance, India Cements, SAIL, and Zee Entertainment Enterprises in the list. However, Balrampur Chini Mills, and Manappuram Finance removed from the list.
Market wrap up(DWM,T,N,E):The market has seen a minor bear attack and fell a little more than half a percent, but broadly traded within the previous day’s range, on August 17. Going ahead, the benchmark Nifty50 is still expected to be rangebound and the breakout of the 19,250-19,500 range on either side can give clear direction, experts said. A Triangle type pattern is unfolding on the Nifty as per the daily timeframe chart and the market is currently placed near the lower end of a pattern around 19,300. “The attempt of upside recoveries from the intraday lows have been reversed on Thursday. The negative chart pattern like lower tops and bottoms is active on the daily chart and the market has not shown any decisive upside bounce so far,” “There is a possibility of downside breakout of the key lower support around 19,300-19,250 levels in the short term and that could possibly drag the Nifty down to another support of 19,100-19,000 in the near term. Any rise from here could find a strong hurdle at 19,600,” The broader markets fared better than benchmarks as the Nifty Midcap 100 and Smallcap 100 indices gained 0.25 percent and 0.14 percent respectively.
