Nifty:19465/30.45/0.16%;Candle:OF,Short day green; Bank Nifty:43946.4/-144.55/-0.33% Candle:OGD, Short day green ; HB:OGD,Long day green,1604.
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Hindustan Copper, and SAIL to its F&O ban list for August 17, while retaining Balrampur Chini Mills, Chambal Fertilisers & Chemicals, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Granules India, Indiabulls Housing Finance, India Cements, Manappuram Finance, and Zee Entertainment Enterprises in the list.
Market wrap up(DWM,T,N,E):The market took support at 19,300 once again on August 16 and rebounded to turn higher in late trade. Hence, the 19,300-19,250 range is expected to be a crucial support area for the Nifty50 in coming sessions, whereas 19,550, which coincides with the falling resistance trendline, is likely to play a key role in the upward journey. If the said levels are sustained, a sharp rally can’t be ruled out. Till then, volatility and consolidation will remain, experts said. “The Nifty bounced back from the lowest point of the day. Nevertheless, the short-term outlook remains feeble, given that the index concluded the session below the vital short-term moving average of 21-day EMA or exponential moving average,” De believes that the relative strength index (RSI) shows a bearish crossover, further amplifying the pessimistic sentiment. The prevailing trend will continue to lack strength as long as it maintains levels below 19,521, where the 21EMA is situated. Looking downward, the initial support level is positioned at 19,250,” The broader markets closed higher with positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained 0.08 percent and 0.6 percent respectively.
Nifty:19434.55/6.25/0.03%;Candle:OGD,Hammer; Bank Nifty:44090.95/-108.15/-0.24% Candle:OGD,Doji butterfly ; HB:OGD,Doji, 1611,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-2324;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) to its F&O ban list for August 16, while retaining Balrampur Chini Mills, Chambal Fertilisers & Chemicals, Delta Corp, Granules India, Indiabulls Housing Finance, India Cements, Manappuram Finance, and Zee Entertainment Enterprises in the list.
Market wrap up(DWM,T,N,E):The Nifty staged an impressive recovery in the last-hour on August 14 to recoup the day’s losses to close in the green after a day of volatile trade and experts say technical indicators are pointing to a possible bounce in the coming sessions. “Technically, this pattern indicates a formation of high wave type candle pattern. Normally, such high wave formation after a reasonable decline or upside calls for impending trend reversal. Having declined recently, the chances of upside bounce is likely in the coming sessions, The index took support at 50-day exponential moving average (EMA) of 19,250 to claw back into the green amid caution ahead of the release of CPI inflation data for July. The headline retail inflation came in at 7.44 percent, much ahead of expectations of 6.6 percent and way higher than 4.87 percent in June. The Nifty also closed above the upward-sloping support trendline. If the index fails to sustain the 50-day EMA, then it may correct up to 19,000 mark but holding the same can take it close to 19,500-19,600. Shetti said the August 14 low of 19,257 could now be considered as a new lower bottom. Any attempt of upside bounce can find strong resistance at 19,600 (down sloping trend line), and immediate support is placed at 19,250, he said.
Nifty:19428.3/-114.8/-0.59%;Candle:OF,Short day red; Bank Nifty:44199.1/-342.7/-0.77% Candle:OGU,Short day red ; HB:OGU,Short day red,1619.
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-3073;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:ITC, Divis Laboratories, Vodafone Idea, Ahluwalia Contracts, Aarey Drugs & Pharmaceuticals, Aster DM Healthcare, Astrazeneca Pharma, Bajaj Healthcare, Easy Trip Planners, GMR Airports Infrastructure, Heranba Industries, Hindustan Copper, Indiabulls Housing Finance, Jagran Prakashan, KNR Constructions, Lux Industries, Meghmani Organics, PC Jeweller, Senco Gold, Swan Energy, Vivimed Labs, Wockhardt, and Zuari Industries will be in focus ahead of quarterly earnings on August 14.
The NSE has added India Cements to its F&O ban list for August 14, while retaining Balrampur Chini Mills, Chambal Fertilisers & Chemicals, Delta Corp, Granules India, Hindustan Copper, Indiabulls Housing Finance, Manappuram Finance, and Zee Entertainment Enterprises in the said list.
Market wrap up(DWM,T,N,E):We saw the impact of liquidity measures and inflation concerns raised by the RBI on the equity market for yet another session on August 11, dragging the benchmark Nifty50 below 19,500 after four-day consolidation. The next support level for the index may be around 19,300-mark, which coincides with the horizontal support trendline adjoining lows of July 4 and August 3 as breaking of the same can take the index down up to 19,000, but with holding the same levels, the index can face crucial hurdle at 19,650-19,700 levels on the higher side, experts said. The Nifty50 fell 115 points to 19,428 and formed long bearish candlestick pattern on the daily charts, with breaking long upward sloping support trendline. The Nifty continues to exhibit a bearish trend as it remains below the 21-day exponential moving average (21EMA – 19,537). The relative strength index (RSI) is also indicating a bearish crossover,” In the short term, he feels there’s a possibility that the index might decline towards 19,300 levels. On the upside, there’s a resistance level situated at 19,500, he said. The BSE Sensex was down by 365 points at 65,323, while the Nifty Midcap 100 and Smallcap 100 indices also corrected but fared better than benchmarks, falling 0.5 percent and 0.2 percent, respectively.
Nifty:%;Candle:OGD,Short day red ; Bank Nifty:% Candle:OGD,Short day red ; HB:OGD,Short day red ,1635
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long41%FutCash;331;Opt88%
OI data Nifty ( max pain W19550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Oil and Natural Gas Corporation, ABB India, Nykaa, Zydus Lifesciences, Apollo Hospitals Enterprise, Glenmark Pharmaceuticals, NALCO, SpiceJet, Astral, BEML, Cochin Shipyard, City Union Bank, Garden Reach Shipbuilders & Engineers, Hindustan Aeronautics, HEG, Indian Railway Finance Corporation, Jindal Steel & Power, Kalpataru Projects International, Muthoot Finance, Info Edge India, NMDC, Power Finance Corporation, Raymond, Shree Renuka Sugars, Sun TV Network, and Voltas will be in focus ahead of quarterly earnings on August 11.
Aurobindo Pharma, Advanced Enzyme Technologies, Amara Raja Batteries, Crompton Greaves Consumer Electricals, Finolex Cables, JK Cement, NITCO, Panacea Biotec, PTC India, Rail Vikas Nigam, Signet Industries, V2 Retail, and Zee Media Corporation will be in focus ahead of June quarter earnings on August 12.
The NSE has added Can Fin Homes, Granules India, Manappuram Finance, and Zee Entertainment Enterprises to its F&O ban list for August 11, while retaining Balrampur Chini Mills, Chambal Fertilisers & Chemicals, Delta Corp, Hindustan Copper, and Indiabulls Housing Finance.
Market wrap up(DWM,T,N,E):Once again the Nifty50 has defended 19,500 and faced strong resistance at around 19,650, which are expected to be crucial levels to watch out for in coming sessions, as breaking decisively on either side on a closing basis can give clear direction to the market. The index remained within the previous day’s range on August 10 and finally closed 89 points lower at 19,543 after the Monetary Policy Committee (MPC) raised the full-year inflation forecast to 5.4 percent and announced incremental CRR of 10 percent for banks, while retaining repo rate at 6.5 percent. “The Nifty index continues to hover near the 20-day SMA with no significant change in the chart structure, portraying a lack of conviction by both counterparties. Structurally the setup remains unchanged, suggesting further consolidation in the index and continuing the time-wise corrective phase,” Sectoral rotation along with broader market participation is still in play. Hence, one must focus on stock-specific actions till the key indices remain in the consolidation zone for an outperformance, he advised.
Nifty:19570.85/-26.45/-0.13%;Candle:F,Doji; Bank Nifty:44964.45/126.95/0.28% Candle:F,Doji ; HB:1649,F , Doji
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long47%FutCash;-711;Opt96%
OI data Nifty ( max pain W19550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Tata Power Company, Zee Entertainment Enterprises, Abbott India, Bajaj Consumer Care, Bata India, Berger Paints India, Bharat Forge, CARE Ratings, Dreamfolks Services, eClerx Services, Granules India, Indian Railway Catering and Tourism Corporation, Kalyan Jewellers India, Max Financial Services, Natco Pharma, PI Industries, Sandhar Technologies, Schneider Electric Infrastructure, Shankara Building Products, Sula Vineyards, Sunteck Realty, Trent, Vijaya Diagnostic Centre, and Zuari Agro Chemicals will be in focus ahead of quarterly earnings on August 9.
The NSE has added Chambal Fertilisers & Chemicals, and Delta Corp to its F&O ban list for August 9, while retaining Balrampur Chini Mills, Hindustan Copper, Indiabulls Housing Finance, and India Cements.
Market wrap up(DWM,T,N,E):The market closed moderately lower on August 8, but we are still in a consolidation phase with 19,500 acting as immediate support and 19,600-19,700 as a hurdle on the higher side, ahead of the Reserve Bank of India’s (RBI) interest rate decision on August 10. The breaking of this range can give clear direction to the Nifty as sustaining above 19,700 can take the index to its much-awaited 20,000 mark, whereas breaking of 19,500 can again drag the index down up to 19,300, experts said.
The market closed moderately lower on August 8, but we are still in a consolidation phase with 19,500 acting as immediate support and 19,600-19,700 as a hurdle on the higher side, ahead of the Reserve Bank of India’s (RBI) interest rate decision on August 10. The breaking of this range can give clear direction to the Nifty as sustaining above 19,700 can take the index to its much-awaited 20,000 mark, whereas breaking of 19,500 can again drag the index down up to 19,300, experts said.PauseUnmute. The Nifty50 declined 27 points to 19,571 and formed a bearish candlestick pattern on the daily charts, but sustained above 21-day EMA (19,540) for yet another session. “The Nifty index displayed volatility but managed to close above the significant 21EMA moving average and maintained support above the 19,500 mark,” a positive trend is anticipated as long as the index holds above 19,500, with resistance at 19,700 and potential for a rally towards 20,000. The BSE Sensex fell 107 points to 65,847, while the Nifty Midcap 100 and Smallcap 100 indices gained 0.23 percent and 0.27 percent respectively.
Events/Results:Hero MotoCorp, Life Insurance Corporation of India, Grasim Industries, Ipca Laboratories, Biocon, Alkem Laboratories, Manappuram Finance, Allcargo Logistics, Apollo Tyres, Ashoka Buildcon, Avalon Technologies, Bajaj Electricals, Campus Activewear, General Insurance Corporation of India, Graphite India, Indiabulls Real Estate, Lemon Tree Hotels, Mazagon Dock Shipbuilders, Samvardhana Motherson International, MTAR Technologies, Page Industries, Pidilite Industries, Steel Authority of India, Spencers Retail, Suryoday Small Finance Bank, and Torrent Power will be in focus ahead of quarterly earnings on August 10
The NSE has retained Balrampur Chini Mills, Chambal Fertilisers & Chemicals, Delta Corp, Hindustan Copper, and Indiabulls Housing Finance to its F&O ban list for August 10.
Market wrap up(DWM,T,N,E):The late-hour bounce-back helped the benchmark Nifty50 finally close above the 19,600 mark on August 9 after a struggle in the past, especially ahead of the outcome of the Monetary Policy Committee meeting scheduled for August 10. The recovery has raised hopes for further rally if the index manages to close above the range of 19,650-19,700 and sustains there in coming sessions, whereas the crucial support remains in the range of 19,500-19,300, experts said. “The Nifty has formed a Hammer candle on the daily chart, which indicates buyers’ strength. The Nifty Futures’ open interest indicated a build-up of fresh long positions on Wednesday,” Strong Put writer additions were observed at 19,500 strike, which is where maximum open interest on the Put side is placed. The level of 19,500 will act as a strong support and the option activity at this strike will provide important cues about the Nifty’s intraday direction on weekly expiry day (tomorrow),” Osho Krishan, senior analyst, technical & derivative research at Angel One feels the bearish gap of 19,678-19,705 withholds the immediate hurdle and a decisive breach would attract new longs in the index for the next potential resistance around 19,800-19,850 in the comparable period. While on the downside, he also feels the pivotal support of 19,500 proved its mettle and is expected to cushion any blip in the shortcoming, followed by 19,440-19,380. The Nifty Midcap 100 and Smallcap 100 indices continued their upward journey for the fifth consecutive session, rising a third of a percent and six-tenth of a percent respectively.
Nifty:19381.65/-144.9/-0.74%;Candle:OGD,Long day red; Bank Nifty:44513.45/-482.25/-1.07% Candle:OGD,Long day red ; HB:OGD,Long day red,1634,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long40%FutCash;-317;Opt89%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
State Bank of India, Mahindra & Mahindra, Britannia Industries, Aditya Birla Fashion and Retail, Alembic Pharmaceuticals, Bharat Dynamics, BHEL, CESC, Dilip Buildcon, Delhivery, Devyani International, Edelweiss Financial Services, Fortis Healthcare, Gati, Gujarat State Petronet, IDFC, JK Tyre & Industries, Kolte-Patil Developers, Shipping Corporation of India, Tatva Chintan Pharma Chem and Welspun Corp will be in focus ahead of quarterly earnings on August 4.
Bank of Baroda, Affle (India), APL Apollo Tubes, Balkrishna Industries, Balrampur Chini Mills, Mrs Bectors Food Specialities, Capri Global Capital, Gujarat Fluorochemicals, Gujarat Ambuja Exports, Jaiprakash Associates, Meghmani Finechem, Neogen Chemicals, Parag Milk Foods, Punjab & Sind Bank, TVS Electronics and Usha Martin will be in focus ahead of June FY24 quarter earnings on August 5.
The NSE has retained Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Hindustan Copper and Piramal Enterprises to its F&O ban list for August 4.
Market wrap up(DWM,T,N,E):Bears have taken control of Dalal Street for yet another session on August 3, dragging the Nifty50 near 19,300 levels on August 3 tracking global weakness, but the same has been strongly defended during the session, and hence can be a key decider for the next move of the index. If the index holds the same, which is a likely scenario after a sharp correction, then the immediate resistance would be the 19,400-19,600 area, but breaking of the said level can break the 50-day EMA (exponential moving average placed at 19,160). The Nifty50 dropped 145 points to 19,382 and has formed a bearish candlestick pattern on the daily charts making lower highs and lower lows formation for the second consecutive session. “The 50-day exponential moving average (DEMA) of Nifty, which is placed at 19,160, is likely to act as a support. A break below the 50-DEMA can drag the index to 18,600 levels,” However, the maximum Call open interest (OI) is placed at 19,400, which will act as an immediate resistance, The BSE Sensex corrected 542 points to 65,241, but the broader markets rebounded and breadth was balanced with a 1:1 ratio. The Nifty Midcap 100 index gained 0.25 percent and Smallcap 100 index rose 0.12 percent. India VIX, the fear index, jumped near 12 levels but could not sustain there and closed at 11.19 levels, down 0.82 percent from 11.28 levels, which seems to be not a cause of concern yet.
Nifty:19597.3/80.3/0.41%;Candle:OGU,Doji; Bank Nifty:44837.5/-42/-0.09% Candle:F,Doji ; HB:OGU,Short day red,1654,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long45%FutCash;-1893;Opt98%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Coal India, Hindalco Industries, Adani Ports, Oil India, Siemens, 63 Moons Technologies, Aarti Industries, EIH, Happiest Minds Technologies, Hikal, Ideaforge Technology, IRCON International, Phoenix Mills, Prestige Estates Projects, Radiant Cash Management Services, Sudarshan Chemical Industries, Talbros Engineering, Tilaknagar Industries, Utkarsh Small Finance Bank, and Windlas Biotech will be in focus ahead of quarterly earnings on August 8.
The NSE has added India Cements and Balrampur Chini Mills to its F&O ban list for August 8, while retaining Indiabulls Housing Finance, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Hindustan Copper and Piramal Enterprises to the said list.
Market wrap up(DWM,T,N,E):We have seen continuity in the upward journey for the second consecutive session with the benchmark indices gaining four-tenth of a percent on August 7. The Nifty50 remained above 19,500, which can be the immediate support, followed by 19,300, 5the hurdle is expected to be at the 19,600-19,700 area. If it gets surpassed and sustained, there is a possibility of Nifty breaking lower highs and lower lows formation. The Nifty50 jumped 80 points to 19,597 and formed a small-bodied bullish candle with minor upper and lower shadow, which resembles a Spinning Top formation on the daily charts, which is a reversal pattern. “Technically, this pattern indicates the formation of a Spinning Top-type candle pattern. Normally, such pattern formation after a reasonable decline or upmove signals impending reversal post-confirmation. Having shown a decent upside bounce from the lows in the last few sessions, the odds of reversal from the highs is likely,” A Spinning Top is often regarded as a neutral pattern that suggests indecisiveness in the market. It can be formed in an uptrend as well as in a downtrend. The negative chart pattern like lower tops and bottoms is intact as per the daily timeframe chart. Presently, the market is in line with another lower top formation, which needs to be confirmed with a decline from the highs. Immediate support is at 19,450 and any upside from here could encounter strong resistance around 19,700 levels, The BSE Sensex climbed 232 points to 65,953, while the Nifty Midcap 100 and Smallcap 100 indices rose half a percent and 0.2 percent respectively on positive breadth.
Nifty:19517/135.35/0.7%;Candle:OGU,Short day green; Bank Nifty:44879.5/366.05/0.82% Candle: OGU,Short day green; HB:OGU,1652, Long day green,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long44%FutCash;-556;Opt93%
OI data Nifty ( max pain W19500M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:PB Fintech, Barbeque-Nation Hospitality, Bayer Cropscience, Emami, Eris Lifesciences, Gland Pharma, Godrej Consumer Products, India Cements, Indigo Paints., ITD Cementation India, Krishna Institute of Medical Sciences, Medplus Health Services, Olectra Greentech, Paras Defence and Space Technologies, Ramco Cements, Ramco Systems, RateGain Travel Technologies, Sobha, Sun Pharma Advanced Research Company, Tata Chemicals, Torrent Pharmaceuticals, Ujjivan Financial Services, and Whirlpool of India will be in focus ahead of quarterly earnings on August 7.
The NSE has added Indiabulls Housing Finance to its F&O ban list for August 7, while retaining Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Hindustan Copper and Piramal Enterprises to the said list.
Market wrap up(DWM,T,N,E):The nice bounce back with taking support at 19,300 and coming back above 19,500 on August 4 was a relief rally for the markets after recent correction, but whether the Nifty can hold 19,500 is the key for further upside towards 19,600-19,700 levels. Unless the Nifty gives a strong close above 19,800, the rangebound action in the index is likely to continue in near term, with crucial support at 19,300-19,100 area, The Nifty50 jumped 135 points to 19,517 and formed bullish candlestick pattern, but largely traded within the previous day’s range, while the BSE Sensex jumped 481 points to 65,721. “Low made in last week is at 19,296 levels and if the same is broken we can expect move to 18,838. Nifty is at an important juncture as of now. On the upside, 19,800 is immediate hurdle and we can expect rangebound move between 19,290 – 19,800 levels next week before any directional move is seen,” break of this range will set the trend in that direction. It is best during such times to trade light and form Options strategy for range bound or consolidation movement, We have also seen good buying interest in broader markets as the Nifty Midcap 100 and Smallcap 100 indices gained 0.8 percent each on positive breadth.
Nifty:18634.55/-91.85/-0.49%;Candle:OF,Short day red; Bank Nifty: 43995.25/-280.05/-0.63% Candle:OGD,Short day red ; HB:OF,Doji, 1608,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long48%FutCash;212;Opt97%
OI data Nifty ( max pain W18650M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:The National Stock Exchange has retained Indiabulls Housing Financeand Manappuram Finance to its F&O ban list for June 9.
Market wrap up(DWM,T,N,E):The market has seen a correction for the first time in the last five consecutive sessions on June 8, after the RBI Monetary Policy Committee unanimously held the repo rate at 6.5 percent, in line with consensus expectations while retaining the withdrawal of accommodation stance by five out of six votes. Most of the sectors, barring metal, saw correction. The BSE Sensex fell 294 points to 62,849, while the Nifty50 declined 92 points to 18,635 and formed a bearish candlestick pattern on the daily charts, which experts feel is the short-term reversal of the trend. “A reasonable negative candle was formed on the daily chart with an upper shadow. Technically, this pattern indicates rejection of bulls at the highs and this could be considered as a short-term reversal pattern on the downside,” Thursday’s swing high could be considered as a new higher top of the sequence and further weakness for the short term is expected to be a higher bottom of the sequence.At the lows, Nifty could find cluster support like ascending trendline, 10-day and 20-day EMA (exponential moving average) around 18,560-18,450 levels, The broader markets also snapped rallies of several sessions as the Nifty Midcap 100 and Smallcap 100 indices fell 0.55 percent and 0.95 percent, respectively.
