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.
