Nifty:19342.65/36.6/0.19%;Candle:OGU,Short day red; Bank Nifty:44495.25/0.6/0.02% Candle:OGU,Short day red ; HB:OGU,Doji,1590,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long45%FutCash;61.5;Opt93%
OI data Nifty ( max pain W19350M)
OI data Bank Nifty Nifty(max pain W M)
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The NSE has retained Escorts Kubota, GMR Airports Infrastructure, Hindustan Copper, Indiabulls Housing Finance, Manappuram Finance, RBL Bank, and Sun TV Network to its F&O ban list for August 30, while removing BHEL, and India Cements from the said list.
Market wrap up(DWM,T,N,E):The market on August 29 continued its upward journey for the second consecutive session but with volatility and amid consolidation. The Nifty faced strong resistance at 19,350-19,400; hence breaking the level decisively can lift the index towards 19,500-19,600, whereas the support is expected to remain at 19,250, experts said. The BSE Sensex rose 79 points to 65,076, while the Nifty50 climbed 37 points to 19,343, and formed a bearish candlestick pattern on the daily charts as the closing was lower than opening levels, but continued making higher tops and higher bottoms formation for yet another session. “On the daily charts, we can observe that the Nifty has been hovering around the 40-day moving average (19,359) since the past couple of trading sessions. As long as the Nifty holds above 19,250, we can expect the consolidation to continue,” On the downside, he feels 19,250-19,230 is the crucial support zone while on the upside, 19,450-19,470 shall act as a crucial resistance from a short-term perspective. “Daily and hourly momentum indicators have a positive crossover, which is a buy signal. However, prices are trading at a resistance and hence we shall wait for a price confirmation,” The broader markets continued their northward journey, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.3 percent and 0.5 percent respectively.
