Nifty:19444/47.55/0.25%;Candle:OGU,Doji; Bank Nifty:44479.05/485.8/1.1% Candle:OF,Short day green ; HB:OGD,Short day green,1586,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long45%FutCash;614;Opt95%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Sun TV Network to its F&O ban list for August 24, while retaining BHEL, Delta Corp, Escorts Kubota, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Metropolis Healthcare, and Punjab National Bank in the list. However, SAIL, and Zee Entertainment Enterprises were removed from the said list.
Market wrap up(DWM,T,N,E):The market tried hard to break the consolidation on the higher side, but could not get back above the 19,500 mark, though the indices closed higher with decent gains on August 23, ahead of the weekly F&O expiry the following day. If the Nifty50 manages to close and sustain above 19,500, then further upside looks likely in coming sessions. But a failure of the same indicates the continuation of consolidation between 19,500 and 19,250, experts said. “The Nifty took support from the 50-day exponential moving average (DEMA) of 19,265 on August 18 and moved up steadily since then. However, the Nifty is consolidating in the 19,300-19,500 range since the last seven trading sessions and yet to give a strong close above it,” The maximum Call open interest for the Nifty is placed at 19,500 strike. Short covering at 19,500 strike is likely to result in a sharp move on the upside ahead of the weekly expiry on August 24, he feels , We have seen a continuation of the upward rally in the broader space with positive breadth in the ratio of 3:2. The Nifty Midcap 100 and Smallcap 100 indices gained 0.4 percent and 0.9 percent respectively.
