Nifty:%;Candle:OGU,Short day green; Bank Nifty:% Candle:OGU,Doji ; HB:OGU,Short day red,1592,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-1901;Opt%
OI data Nifty ( max pain W19350M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Metropolis Healthcare to its F&O ban list for August 22, while retaining Chambal Fertilisers & Chemicals, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Punjab National Bank, SAIL, and Zee Entertainment Enterprises in the list.
Market wrap up(DWM,T,N,E):We saw a bounce back in the benchmark indices on August 21, showing a good start to the week. The Nifty50 saw a dip in the initial hour of trade, but rebounded smartly by taking the support again at 19,300-19,250 levels, which coincides with 50-day EMA (exponential moving average). Hence, this area is expected to remain a crucial support going ahead. “Technically, Monday’s candlestick pattern indicates narrow range movement in the market at the support of 19,250-19,300 levels,” Though the Nifty is placed at the immediate supports, there is a lack of strength observed in the upside bounces. Hence, such repeated testing of the supports without showing any significant upside bounces could eventually result in a decisive downside breakout of the said supports, he feels. The broader markets were also positive, with the Nifty Midcap 100 and Smallcap 100 indices climbing 0.8 percent and 0.6 percent respectively, while the India VIX, the fear index dropped below 12 levels, may be supporting the bulls. However, further upside from here could encounter strong hurdle around 19,500 levels, Nagaraj said. The broader markets were also positive, with the Nifty Midcap 100 and Smallcap 100 indices climbing 0.8 percent and 0.6 percent respectively, while the India VIX, the fear index dropped below 12 levels, may be supporting the bulls.
