Nifty:19733.55/-20.25/-0.1%;Candle:OGU,short day red; Bank Nifty: 45592.55/-58.6/-0.13% Candle:OGU,Short day red ; HB:OF,Short day green,1666
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long51%FutCash;-93;Opt96%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Titan Company, Ambuja Cements, Hindustan Petroleum Corporation, InterGlobe Aviation, Mankind Pharma, Godrej Properties, Aditya Birla Capital, Adani Wilmar, Engineers India, Firstsource Solutions, Fusion Micro Finance, Gateway Distriparks, Gujarat Gas, Indian Overseas Bank, Metropolis Healthcare, Narayana Hrudayalaya, Quess Corp, Sapphire Foods India, Sheela Foam, Strides Pharma Science, Vaibhav Global, and VIP Industries will be in focus ahead of quarterly earnings on August 2.
The NSE has added Hindustan Copper to its F&O ban list for August 2, while retaining Piramal Enterprises, and Indiabulls Housing Finance in the said list.
Market wrap up(DWM,T,N,E):We have seen yet another rangebound session in the market on August 1, consistently facing resistance at 19,800, which experts feel can play a crucial role for the next upmove if the Nifty50 gives a decisive close above it. The immediate support is likely at 19,700, followed by 19,600 levels. Till then, they expect the rangebound and volatile trade to continue for coming sessions. The Nifty50 was settled at 19,734 on Tuesday, down 20 points and formed a bearish candlestick on the daily timeframe, but continued with higher highs and higher lows formation, which still gives some hope for rebound amid ongoing consolidation. The traded volume was above average for yet another session. The Nifty traded in a narrow range of 19,700-19,800, maintaining its overall bullish sentiment. It stayed above the critical near-term moving average (21-day EMA which is placed at 19,550), reinforcing the positive outlook,” that a hidden positive divergence on the daily chart indicates a potential bullish reversal in price momentum. “Short-term prospects suggest a sideways to positive trend if the index stays above 18,550. A decisive move above 19,800 could drive the index towards the 20,000 mark,” The BSE Sensex closed at 66,459, down 68 points, but the broader markets maintained an uptrend, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.03 percent and 0.68 percent respectively amid positive breadth. Three shares advanced for every two declining shares on the NSE.
Nifty:19979.15/146/0.74%;Candle:OGU,Long day green; Bank Nifty:46186.9/517.6/1.13% Candle:OGU,Long day green ; HB:F,Doji,1688,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long%FutCash;3370;Opt%
OI data Nifty ( max pain W19900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Balrampur Chini Mills, and Punjab National Bank to its F&O ban list for July 21, while retaining Delta Corp, Indiabulls Housing Finance, L&T Finance Holdings, Manappuram Finance, and RBL Bank.
Market wrap up(DWM,T,N,E):Bulls dominated on weekly F&O expiry, taking the Nifty50 very close to much-awaited psychological 20,000-mark on July 20. Banking & financial services took the lead while supporting the market, along with FMCG stocks and index heavyweight Reliance Industries, while support was also seen from FIIs. It was yet another record closing day for the market. The BSE Sensex rallied 475 points to 67,572, while the Nifty50 rose 146 points to 19,979 and formed long bullish candlestick pattern on the daily charts. Also, we saw the index making higher tops, higher bottoms for a sixth straight session. “While market participants wait for a dip or consolidation, the bulls remain firmly in control, indicative of a strong ongoing bull trend. From a technical standpoint, there are no signs of weakness, but it’s crucial to remain vigilant as markets have a tendency to surprise participants off guard,” it would be wise to wait for some consolidation or profit booking before entering long positions as the market is in a super bull trend. the golden retracement target for the Nifty is around 20,100 – 20,200, posing an immediate obstacle, while with the recent vertical move, the immediate support is placed around the 19,750 – 19,650 zone. Traders should closely monitor these levels and consider playing within this range, Future open interest (OI) data also showed long build-up in five out of the previous six trading sessions, indicating strong buying interest. Nifty moved from 19,711 on July 17 to 19,979 on July 20, but the Put-Call Ratio (PCR) fell from 1.44 to 1.40 during the same period, signalling that the Put writers are not very comfortable adding positions at higher levels,
Nik, Dj,35459/176/0.5% Vix13.33/-7.5% US stock futures are flat as market is set to end july with solid gains,
Oil, Gold, Bonds, Dollar,
Nifty:19646.05/-13.85/-0.07%;Candle:F,Short day red; Bank Nifty:45468.1/-211.2/-0.46% Candle: OGD,Doji; HB:OGD,Short day red, BC,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-1023;Opt%
OI data Nifty ( max pain W19650M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Maruti Suzuki India, GAIL (India), Power Grid Corporation of India, UPL, Bosch, Petronet LNG, Adani Green Energy, Adani Transmission, Bajaj Hindusthan Sugar, Butterfly Gandhimathi Appliances, Castrol India, Dhanlaxmi Bank, IRB Infrastructure Developers, JBM Auto, Lakshmi Machine Works, Navin Fluorine International, Oberoi Realty and Welspun India will be in focus ahead of quarterly earnings on July 31.
The NSE has added Indiabulls Housing Finance to its F&O ban list for July 31.
Market wrap up(DWM,T,N,E):The Nifty, which ended a tad lower on July 28, is expected to stay in the 19,500-19,800 range in the coming sessions, with a break on either side deciding the direction of the next move, experts said. “The Nifty is expected to find support around 19,500 levels, which coincides with the 20-day exponential moving average (DEMA) of 19,526 on the daily chart,” The Nifty ended 14 points lower at 19,646, while the Sensex closed 107 points lower at 66,160. The Nifty formed Doji candlestick on the daily charts, pointing to a tug-of-war between bulls and bears. Despite ending lower for the second day running, the index held on to the 20-day DEMA. It also closed above the previous day’s low of around 19,600, which, too, can act as support. On the higher side, 19,700-19,800, which have the maximum call open interest, are likely to be the critical levels. A close below 20 DEMA can lead to profit booking and initiation of fresh short positions, Ramani said. The Nifty needs to close above 19,800 for the uptrend to continue.
Nifty:19753.8/107.75/0.55%;Candle:Flat, short day green; Bank Nifty:45651.1/183/0.4% Candle:OGU,Short day green, ; HB:OGU,Doji,1651,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FustCash-701;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Piramal Enterprises to its F&O ban list for August 1, while retaining Indiabulls Housing Finance in the said list.
Market wrap up(DWM,T,N,E):The market has seen a rebound from the 19,600-19,500 area, which is expected to continue as a crucial support zone in coming sessions as crossing that level can bring more selling pressure. However, the resistance it faced at 19,800 is likely to remain critical for the northward journey towards the much-awaited psychological 20,000 mark. Till then, the rangebound action may continue in the market, experts said , The July sales numbers to be announced by auto companies on August 1 may also decide the next course of market action. “The bulls once again showed resilience to portray a buoyant undertone on July 31. As far as levels are concerned, 19,600 is likely to act as a cushion, while the pivotal zone of 19,500, coinciding with 20 DEMA (exponential moving average), is expected to act as sacrosanct support,” On the higher end, he feels a cluster of resistances can be seen around 19,800-20,000 in the comparable period. The market has reversed most of the losses seen in the previous two sessions and closed with over half a percent gains on July 31. The Nifty50 climbed 108 points to 19,754, backed by buying in most sectors, barring FMCG, and formed a bullish candlestick with a minor lower shadow on the daily charts, making higher high and higher low. The BSE Sensex jumped 367 points to 66,528, while the Nifty Midcap 100 and Smallcap 100 indices performed better than benchmarks, rising 1 percent and 0.9 percent respectively on positive breadth. Positive Asian peers also lifted sentiment in the domestic market.
