Nifty:%;Candle:OGD,Short day red ; Bank Nifty:% Candle:OGD,Short day red ; HB:OGD,Short day red ,1635
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long41%FutCash;331;Opt88%
OI data Nifty ( max pain W19550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Oil and Natural Gas Corporation, ABB India, Nykaa, Zydus Lifesciences, Apollo Hospitals Enterprise, Glenmark Pharmaceuticals, NALCO, SpiceJet, Astral, BEML, Cochin Shipyard, City Union Bank, Garden Reach Shipbuilders & Engineers, Hindustan Aeronautics, HEG, Indian Railway Finance Corporation, Jindal Steel & Power, Kalpataru Projects International, Muthoot Finance, Info Edge India, NMDC, Power Finance Corporation, Raymond, Shree Renuka Sugars, Sun TV Network, and Voltas will be in focus ahead of quarterly earnings on August 11.
Aurobindo Pharma, Advanced Enzyme Technologies, Amara Raja Batteries, Crompton Greaves Consumer Electricals, Finolex Cables, JK Cement, NITCO, Panacea Biotec, PTC India, Rail Vikas Nigam, Signet Industries, V2 Retail, and Zee Media Corporation will be in focus ahead of June quarter earnings on August 12.
The NSE has added Can Fin Homes, Granules India, Manappuram Finance, and Zee Entertainment Enterprises to its F&O ban list for August 11, while retaining Balrampur Chini Mills, Chambal Fertilisers & Chemicals, Delta Corp, Hindustan Copper, and Indiabulls Housing Finance.
Market wrap up(DWM,T,N,E):Once again the Nifty50 has defended 19,500 and faced strong resistance at around 19,650, which are expected to be crucial levels to watch out for in coming sessions, as breaking decisively on either side on a closing basis can give clear direction to the market. The index remained within the previous day’s range on August 10 and finally closed 89 points lower at 19,543 after the Monetary Policy Committee (MPC) raised the full-year inflation forecast to 5.4 percent and announced incremental CRR of 10 percent for banks, while retaining repo rate at 6.5 percent. “The Nifty index continues to hover near the 20-day SMA with no significant change in the chart structure, portraying a lack of conviction by both counterparties. Structurally the setup remains unchanged, suggesting further consolidation in the index and continuing the time-wise corrective phase,” Sectoral rotation along with broader market participation is still in play. Hence, one must focus on stock-specific actions till the key indices remain in the consolidation zone for an outperformance, he advised.
