Nifty:19386.7/-57.3/-0.29%;Candle:OGU,Long day red; Bank Nifty:44496.2/17.15/0.04% Candle:OGU,Short day red, ; HB:OGU,Short day red,1583,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;;Opt%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added GMR Airports Infrastructure, and RBL Bank to its F&O ban list for August 25, while retaining BHEL, Delta Corp, 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.
Market wrap up(DWM,T,N,E):The market is likely to stay in the range of 19,250-19,600 in coming sessions, as the healthy attempt of a rally on August 24 failed due to a strong bear attack, experts said. Only if the index successfully manages to close above the 19,500 mark in coming sessions that a new leg of rally is possible. On August 24, it was a great start for the market and looked like a strong breakout with the Nifty reaching closer to the 19,600 mark on the weekly F&O expiry day. But the entire rally fizzled out in the afternoon as bears took control over Dalal Street. The index lost nearly 200 points from the day’s high and closed lower by 57 points at 19,387, forming a long bearish candlestick pattern which resembles a Bearish Engulfing kind of pattern formation on the daily scale, indicating the bear may be in power but requires same kind of action in the following session for confirmation of downtrend. However, the Nifty continued to make higher highs formation for the fourth straight session by getting support at the previous day’s low. “The Nifty faced stiff resistance around the previous high of 19,600. It seems that bears are in no mood to let go off bulls so easily. Maximum Call and Put open interest is currently placed at 19,400 levels. This indicates that the Nifty is back in no man’s land,” Hence, he feels that the index is likely to trade in a range of 19,300 to 19,600 till there is a decisive breakout. The BSE Sensex was down 181 points to 65,252, while the Nifty Midcap 100 index gained 0.24 percent, but the Smallcap 100 index fell 0.35 percent.
