Nifty:18634.55/-91.85/-0.49%;Candle:OF,Short day red; Bank Nifty: 43995.25/-280.05/-0.63% Candle:OGD,Short day red ; HB:OF,Doji, 1608,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long48%FutCash;212;Opt97%
OI data Nifty ( max pain W18650M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:The National Stock Exchange has retained Indiabulls Housing Financeand Manappuram Finance to its F&O ban list for June 9.
Market wrap up(DWM,T,N,E):The market has seen a correction for the first time in the last five consecutive sessions on June 8, after the RBI Monetary Policy Committee unanimously held the repo rate at 6.5 percent, in line with consensus expectations while retaining the withdrawal of accommodation stance by five out of six votes. Most of the sectors, barring metal, saw correction. The BSE Sensex fell 294 points to 62,849, while the Nifty50 declined 92 points to 18,635 and formed a bearish candlestick pattern on the daily charts, which experts feel is the short-term reversal of the trend. “A reasonable negative candle was formed on the daily chart with an upper shadow. Technically, this pattern indicates rejection of bulls at the highs and this could be considered as a short-term reversal pattern on the downside,” Thursday’s swing high could be considered as a new higher top of the sequence and further weakness for the short term is expected to be a higher bottom of the sequence.At the lows, Nifty could find cluster support like ascending trendline, 10-day and 20-day EMA (exponential moving average) around 18,560-18,450 levels, The broader markets also snapped rallies of several sessions as the Nifty Midcap 100 and Smallcap 100 indices fell 0.55 percent and 0.95 percent, respectively.
