Nifty:19979.15/146/0.74%;Candle:OGU,Long day green; Bank Nifty:46186.9/517.6/1.13% Candle:OGU,Long day green ; HB:F,Doji,1688,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long%FutCash;3370;Opt%
OI data Nifty ( max pain W19900M)
OI data Bank Nifty Nifty(max pain W M)
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Events/Results:
The NSE has added Balrampur Chini Mills, and Punjab National Bank to its F&O ban list for July 21, while retaining Delta Corp, Indiabulls Housing Finance, L&T Finance Holdings, Manappuram Finance, and RBL Bank.
Market wrap up(DWM,T,N,E):Bulls dominated on weekly F&O expiry, taking the Nifty50 very close to much-awaited psychological 20,000-mark on July 20. Banking & financial services took the lead while supporting the market, along with FMCG stocks and index heavyweight Reliance Industries, while support was also seen from FIIs. It was yet another record closing day for the market. The BSE Sensex rallied 475 points to 67,572, while the Nifty50 rose 146 points to 19,979 and formed long bullish candlestick pattern on the daily charts. Also, we saw the index making higher tops, higher bottoms for a sixth straight session. “While market participants wait for a dip or consolidation, the bulls remain firmly in control, indicative of a strong ongoing bull trend. From a technical standpoint, there are no signs of weakness, but it’s crucial to remain vigilant as markets have a tendency to surprise participants off guard,” it would be wise to wait for some consolidation or profit booking before entering long positions as the market is in a super bull trend. the golden retracement target for the Nifty is around 20,100 – 20,200, posing an immediate obstacle, while with the recent vertical move, the immediate support is placed around the 19,750 – 19,650 zone. Traders should closely monitor these levels and consider playing within this range, Future open interest (OI) data also showed long build-up in five out of the previous six trading sessions, indicating strong buying interest. Nifty moved from 19,711 on July 17 to 19,979 on July 20, but the Put-Call Ratio (PCR) fell from 1.44 to 1.40 during the same period, signalling that the Put writers are not very comfortable adding positions at higher levels,
