Nifty:19347.45/4.8/0.02%;Candle:OGU,Long day red; Bank Nifty:44232.6/-262.65/-0.59% Candle:OGU,Long day red ; HB:OGU.Long day red,1608,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long46%FutCash;-495;Opt94%
OI data Nifty ( max pain W19350M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added BHEL to its F&O ban list for August 31, while retaining Indiabulls Housing Finance to the list. Manappuram Finance, RBL Bank, Sun TV Network, Escorts Kubota, GMR Airports Infrastructure, and Hindustan Copper removed from the said list.
Market wrap up(DWM,T,N,E):The late-hour profit-booking erased most of the gains and the benchmark indices ended flat with a positive bias on August 30, ahead of the expiry of August month futures & options contracts on August 31. The Nifty failed to hold the crucial 19,400-19,500 hurdle and has taken support at 19,300. Hence in the coming sessions, the index is expected to face resistance at a similar range, with support at 19,300-19,200 levels, experts said. “The Nifty index encountered a robust resurgence of bearish momentum, leading to considerable selling pressure at elevated levels. Amidst this downturn, the addition of substantial open interest in the 19,500 Call options signifies that the index is poised to expire below the 19,500 mark,” In terms of technical levels, he believes that the index’s immediate support on the downside is evident in the range of 19,300-19,250. A failure to sustain above this level could potentially trigger a continuation of the downward movement , We continued to see strong interest in the broader markets on positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained 0.7 percent and 1 percent respectively, while the India VIX, the fear index, dropped below 12 levels, down by 3.47 percent to 11.80 levels.
