Things to note(Traders&Investors): 16th Aug 2023 Wed,@8.20AM

  • Nik, Dj, Vix
  • Oil,  Gold, Bonds, Dollar,
  • Nifty:19434.55/6.25/0.03%;Candle:OGD,Hammer; Bank Nifty:44090.95/-108.15/-0.24% Candle:OGD,Doji butterfly ; HB:OGD,Doji, 1611,
  • Nifty :Supp Rest
  • Banknifty:Supp Rest .
  • Gift Nifty:%     FII Long%FutCash;-2324;Opt%
  • OI data Nifty  ( max pain WM)
  • OI data Bank Nifty Nifty(max pain W M)
  • News:
  • Events/Results:
  • The NSE has added Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) to its F&O ban list for August 16, while retaining Balrampur Chini Mills, Chambal Fertilisers & Chemicals, Delta Corp, Granules India, Indiabulls Housing Finance, India Cements, Manappuram Finance, and Zee Entertainment Enterprises in the list.
  • Market wrap up(DWM,T,N,E):The Nifty staged an impressive recovery in the last-hour on August 14 to recoup the day’s losses to close in the green after a day of volatile trade and experts say technical indicators are pointing to a possible bounce in the coming sessions. “Technically, this pattern indicates a formation of high wave type candle pattern. Normally, such high wave formation after a reasonable decline or upside calls for impending trend reversal. Having declined recently, the chances of upside bounce is likely in the coming sessions, The index took support at 50-day exponential moving average (EMA) of 19,250 to claw back into the green amid caution ahead of the release of CPI inflation data for July. The headline retail inflation came in at 7.44 percent, much ahead of expectations of 6.6 percent and way higher than 4.87 percent in June. The Nifty also closed above the upward-sloping support trendline. If the index fails to sustain the 50-day EMA, then it may correct up to 19,000 mark but holding the same can take it close to 19,500-19,600. Shetti said the August 14 low of 19,257 could now be considered as a new lower bottom. Any attempt of upside bounce can find strong resistance at 19,600 (down sloping trend line), and immediate support is placed at 19,250, he said.

15th Aug 2023, Tues

China 7.163,

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