Nifty:19523.55/-192.9/-0.98%;Candle:OGU.Long day red; Bank Nifty:44300.95/-287.35/-0.64% Candle:OGU,Short day red ; HB:Of,Doji,1523,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long31%FutCash;-3364;Opt85%
OI data Nifty ( max pain W19600M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Market wrap up(DWM,T,N,E):The bears took control over Dalal Street on September 28, the monthly expiry day for futures & options contracts, dragging the benchmark index Nifty50 below 50-day EMA (exponential moving average placed at 19,559) which resulted in the formation of a Bearish Engulfing candlestick pattern on the daily charts. Hence, given the bearish sentiment prevailed in the market, the bears may push the index towards 19,220, the low of the August month if it decisively breaks 19,500 on a closing basis, while on the higher side, the index may face resistance at 19,600-19,700 area, experts said. “On the daily charts, we can observe that the Nifty has closed below the 19,600-19,550 zone where multiple supports were placed. This is a sign of further weakness,” Hence, on the way down, he feels the index can slip further towards 19,500-19,440 which is the 78.6 percent Fibonacci retracement level of the rise from 19,224-20,222. Daily and hourly momentum indicator has a negative crossover which is a sell signal, he said. Thus, he feels both price and momentum indicators suggest that there is a further downside possible over the next few trading sessions. In terms of levels, 19,500-19440 is the crucial support zone while 19,625-19,650 will act as an immediate hurdle zone. The broader markets were under selling pressure with the Nifty Midcap 100 and Smallcap 100 indices falling 1.3 percent and 0.4 percent, respectively, while the fear index, India VIX, jumped to a four-month high, up 10.68 percent at 12.82 levels.
Nifty:19716.45/51.75/0.26%;Candle:OF,Doji; Bank Nifty:44588.3/-35.9/-0.08% Candle:OGD,Doji ; HB:OF,Doji,1526,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long45%FutCash;-354;Opt92%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Delta Corp and India Cements to its F&O ban list for September 28. Balrampur Chini Mills, Canara Bank, Hindustan Copper, and Indiabulls Housing Finance removed from the said list.
Market wrap up(DWM,T,N,E):The market recorded a strong rebound from its 50-day EMA (exponential moving average) placed at around 19,550 and formed a bullish candlestick pattern with a long lower shadow which resembles a Bullish Engulfing pattern formation at the downtrend on the daily timeframe on September 27, indicating sign of reversal. Hence, the Nifty50 may face a hurdle at 19,800-20,000 levels in coming sessions, with support at 19,600-19,500. The BSE Sensex climbed 173 points to 66,119, while the Nifty50 was up 52 points at 19,716, after consolidation in the previous two sessions, ahead of the monthly F&O expiry on September 28. “Technically, Wednesday’s market action is indicating the formation of a Bullish engulfing pattern. Normally such patterns after a reasonable decline or near the supports signal chances of upside bounce in the underlying post confirmation,” After the rangebound movement in the last few sessions, the market showed a false downside breakout of the range in the early part of Wednesday before witnessing a sharp intraday upside bounce. Hence, there is a higher possibility of upside breakout of the narrow range at 19,750 levels, according to Shetti. a follow-through upmove could confirm a short-term higher bottom reversal pattern. “Immediate support is placed around 19,600-19,550 levels and a decisive move above the hurdle of 19,750 levels could pull the Nifty towards 19,950-20,000 levels.” The broader markets also traded higher though the breadth was not strong enough. The Nifty Midcap 100 index jumped 0.75 percent and Smallcap 100 index gained nearly 1 percent.
Nifty:19664.7/-9.85/-0.05%;Candle:OF,Doji; Bank Nifty:44624.2/-141.9/-0.32% Candle:OF,Doji ; HB:OF,Doji,1538,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long48%FutCash;-637;Opt89%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Delta Corp and India Cements to its F&O ban list for September 27, while retaining Balrampur Chini Mills, Canara Bank, Hindustan Copper, and Indiabulls Housing Finance to the list. Granules India was removed from the said list.
Market wrap up(DWM,T,N,E):The market ended another lacklustre session on a flat note with a negative bias on September 26. Overall, the benchmark indices traded within the previous day’s range and the trading range narrowed compared to the previous session, indicating the possibility of a sharp move on either side of the trade in the coming sessions. On the higher side, the Nifty may face resistance at 19,800, while in case of correction, it may get support at 19,600-19,500 levels, experts said. The BSE Sensex declined 78 points to 65,945, while the Nifty50 dropped 10 points to 19,665 and formed a small-bodied bearish candlestick pattern with minor upper & lower shadows. “A small body of negative candle was formed on the daily chart with minor upper and lower shadows. Technically, this pattern shows a squeeze type formation, where the underlying prepares to show big moves on either side eventually,” After the formation of a Doji-type candle pattern on Monday, the market was expected to show a reasonable upside bounce in the subsequent session. Hence, an inability of bulls to witness any sustainable upside bounce from here could eventually result in a decisive downside breakout of the present range movement, he feels. The high-low areas to be watched for the short term are around 19,750-19,600 levels, he said. The broader markets had a mixed trend, with the Nifty Midcap 100 index falling 0.2 percent and Smallcap 100 index rising 0.6 percent.
Nifty:19674.55/0.3/0.03%;Candle:OGU,Long day green; Bank Nifty:44766.1/154.05/0.35% Candle:OGU,Doji ; HB:OGU,Long day green
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long49%FutCash;-2333;Opt91%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Balrampur Chini Mills to its F&O ban list for September 26, while retaining Canara Bank, Granules India, Hindustan Copper, and Indiabulls Housing Finance to the list. Delta Corp, and Manappuram Finance were removed from the said list.
Market wrap up(DWM,T,N,E):The formation of the Doji candlestick pattern on September 25 after consistent selling in the previous four sessions indicates the possibility of a bounce-back. Hence, the Nifty50 may march towards 19,800 in case of a bounce and sustainability of uptrend may take it towards the 20,000 mark, whereas the 19,600-19,500 is expected to remain a key support area, experts said. The benchmark indices closed flat with a positive bias amid volatility. The BSE Sensex was up 14.5 points at 66,024, and the Nifty50 gained 0.2 points at 19,674.5, while the Nifty Midcap 100 and Smallcap 100 indices rose 0.66 percent and 0.04 percent, respectively. “The present chart pattern on the Nifty50 indicates the formation of a Doji-type candle pattern at the swing lows. Normally, such Doji formations after a reasonable decline alert for a bounce back from the lows. A sustainable positive close in the subsequent session is likely to confirm an upside bounce for the market,” The Nifty is currently placed near the support of the 20-week EMA (exponential moving average) around 19,580. “The said moving average has offered strong support for the Nifty for the past 3-4 months. Hence, there is a possibility of an upside bounce in the near term,” Shetti said, adding that at the highs, the market could find strong resistance around 19,850 levels. Immediate support to be watched is around 19,600-19,550 levels, he said.
Nifty:19674.25/-68.1/-0.34%;Candle:OF,Short day red; Bank Nifty:44612.05/-0.24/-0.29% Candle:OF,Doji ; HB:OF,Long day red,1529,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long53%FutCash;-1326;Opt88%
OI data Nifty ( max pain W19750M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Canara Bank, and Granules India to its F&O ban list for September 25, while retaining Delta Corp, Hindustan Copper, Indiabulls Housing Finance and Manappuram Finance to the list. Balrampur Chini Mills, BHEL, Punjab National Bank and Zee Entertainment Enterprises were removed from the said list.
Market wrap up(DWM,T,N,E):The southward journey in the equity benchmarks continued for fourth consecutive session on September 22, especially immediately after hitting record high. Considering the breaking of 21-day EMA (exponential moving average placed at 19,761) with lower highs, lower lows formation for four days in a row and bearish crossover in the momentum indicator RSI (relative strength index), the volatility with a negative bias is likely to continue in coming sessions, experts said. According to them, the 19,500-19,600, which coincides with the 50-day EMA may act as crucial support for the Nifty50 in the near term, while it may face resistance at 19,800-20,000 levels. On September 22, the BSE Sensex was down 221 points at 66,009, while the Nifty50 fell 68 points to 19,674 and formed a bearish candlestick pattern with minor upper shadow on the daily charts, indicating selling at higher levels. “Nifty experienced consistent selling pressure throughout the last week, resulting in a decline of 2.80 percent from its all-time high. This recent correction has caused it to dip below the critical 21-day exponential moving average (21EMA),” the sentiment appears bearish at this point, with a key support level identified at 19,600. A breach below 19,600 could potentially initiate a more significant market correction. On the upside, 19,800 is expected to serve as a resistance level,
Nifty:19742.35/-159.05/-0.8%;Candle:OGD,Short day red; Bank Nifty:44623.85/-760.75/-1.68% Candle:OGD,Long day red ; HB:OGD,Short day green,1554,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long56%FutCash;-3007;Opt86%
OI data Nifty ( max pain W19800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Balrampur Chini Mills, BHEL, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, Manappuram Finance, Punjab National Bank and Zee Entertainment Enterprises to its F&O ban list for September 22. Chambal Fertilizers & Chemicals removed from the said list.
Market wrap up(DWM,T,N,E):The market is expected to see further selling pressure in coming sessions, given the back-to-back gap down moves, with the Nifty50 falling towards 19,600-19,500 levels. However, in case of bounce back, the resistance for the index could be in the range of 19,800-20,000 levels, experts said. The BSE Sensex plunged 571 points to 66,230 after the hawkish commentary by the Federal Reserve chair, while the Nifty50 was down 159 points at 19,742 and formed bearish candlestick pattern on the daily charts with momentum indicator RSI (relative strength index) remaining in negative crossover. “The Nifty index closed below the 20-day EMA (exponential moving average – 19,780), signaling a diminishing bullish sentiment. Weakness appears evident with a bearish crossover in the RSI,” the selling on rallies remains the favoured strategy as long as it stays below 20,000. On the downside, the support is situated in the range of 19,700-19,630, The broader markets also continued to correct further, with the Nifty Midcap 100 and Smallcap 100 indices declining 0.9 percent and 1.3 percent respectively, with breadth in favour of bears in the 1:3 ratio.
Nifty:19901.4/-231.9/-1.15%;Candle:OGD,Short day red; Bank Nifty:45384.6/-595.25/-1.29% Candle:OGD,Doji ; HB:OGD,Long day red,1566,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long61%FutCash;-3111;Opt90%
OI data Nifty ( max pain W19950M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Balrampur Chini Mills, BHEL, Chambal Fertilizers & Chemicals, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, Manappuram Finance, Punjab National Bank and Zee Entertainment Enterprises to its F&O ban list for September 21. Indian Energy Exchange was removed from the said list.
Market wrap up(DWM,T,N,E):After a sharp downward move, the bears turned active given the negative crossover on the RSI (relative strength index) and may take the Nifty50 further down up to the 20-day EMA (exponential moving average) placed at 19,780. But if the index takes support at the horizontal resistance trendline which coincides with Wednesday’s low in coming sessions, then a rebound towards 20,000-20,100 levels can’t be ruled out, experts said. The market extended selling pressure for yet another session on September 20, and saw the biggest single-day loss since July 21 this year, due to fall across sectors. The BSE Sensex plummeted 796 points or 1.18 percent to 66,801, while the Nifty50 dropped 232 points or 1.15 percent to 19,901 and formed a bearish candlestick pattern on the daily charts. The Nifty has dipped below its previous swing high on the daily chart, indicating a decline in bullish sentiment. Following a period of consolidation, the index experienced a correction, which could be considered as an early indication of a bearish reversal, Rupak De, senior technical analyst at LKP Securities said. In the short term, he feels it is probable that the Nifty will decrease towards the 19,700-19,630 range. Selling on rallies might remain a favourable strategy as long as the index remains below the 20,000 mark, he said. The broader markets were also down, but the loss was less compared to benchmarks. The Nifty Midcap 100 and Smallcap 100 indices declined 0.3 percent and 0.9 percent respectively. The market breadth was weak, too, with an advance-decline ratio of 1:2.
Nifty:%;Candle:OF,Doji; Bank Nifty:% Candle:OF,Short day red ; HB:OGU.Short day red,1629,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long65%FutCash;-1236;Opt94%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Delta Corp, and Punjab National Bank to its F&O ban list for September 20, while retaining Balrampur Chini Mills, BHEL, Chambal Fertilizers & Chemicals, Indiabulls Housing Finance, Indian Energy Exchange, Manappuram Finance, REC and Zee Entertainment Enterprises. Two stocks – Hindustan Copper, and India Cements removed from the said list.
Market wrap up(DWM,T,N,E):The market saw some profit-booking on September 18, after rallying consistently since the start of September to hit a historic high last Friday, which was on expected lines. The overall sentiment may remain positive as long as the Nifty50 holds the 20,000-19,900 levels, which experts feel is expected to be a crucial support area. On the higher side, 20,220 is going to be an immediate resistance and, once Nifty50 breaches this level, it may head towards 20,300-20,500 points. The BSE Sensex declined 242 points to 67,597, while the Nifty50 slipped 59 points to 20,133 and formed bearish candlestick pattern minor upper shadow on the daily timeframe. Technically, the current chart pattern indicates ‘Bearish Tri-Star’ kind of candlestick pattern, which is a bearish reversal pattern, but not a classical one. Further weakness from here could confirm short term top reversal for the Nifty at 20222 levels, Nagaraj Shetti, technical research analyst at HDFC Securities said. He feels the underlying short-term trend of the Nifty placed at the verge of reversal on the downside. A decisive move below the immediate support of 10-day EMA (exponential moving average) at 19,940 levels could confirm further weakness in the near term, however, sharp selling momentum is ruled out, he said, adding that the immediate resistance is placed at 20,220 levels. The broader markets also saw profit-taking with the Nifty Midcap 100 and Smallcap 100 indices falling 0.4 percent and 0.5 percent on weak breadth. About two shares declined for every rising share on the NSE.
Nifty:20246/89.25/0.44%;Candle:OGU,Short day green; Bank Nifty:46231.5/230.65/0.5% Candle:OGU,Short day green ; HB:,OGU,Short day green,1662,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;16
;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Chambal Fertilizers & Chemicals to its F&O ban list for September 18, while retaining Balrampur Chini Mills, BHEL, Hindustan Copper, Indiabulls Housing Finance, Indian Energy Exchange, India Cements, Manappuram Finance, REC and Zee Entertainment Enterprises. Three stocks – Delta Corp, National Aluminium Company, and SAIL removed from the said list.
Market wrap up(DWM,T,N,E):The Indian equity market has been witnessing a consistent rally and most experts are expecting a consolidation. If the current momentum continues, then the immediate resistance for the Nifty50 can be 20,200-20,300, which also resembles the breakout point of the upward-sloping resistance trendline, followed by 20,500, while 20,000 is supposed to be the immediate crucial support. The market jumped to a new record high on September 15, with the Nifty50 climbing above the 20,200 mark intraday for the first time. Positive global cues, falling volatility and uptrend in auto, banking and financial services, technology and pharma stocks aided the rally. he BSE Sensex rose 320 points to 67,839, while the Nifty50 advanced 89 points to 20,192 and formed a bullish candlestick pattern with a minor upper shadow on the daily charts, making higher highs and higher lows formation for the second consecutive session. “Strong Put writing at 20,100 has further bolstered positive sentiment in the market. The trend is expected to remain positive as long as the Nifty remains above the 20,000 mark,” In the short term, he feels there is potential for the Nifty to move towards the 20,480-20,500 range on the upside. The broader markets closed moderately higher with the Nifty Midcap 100 and Smallcap 100 indices climbing 0.3 percent and 0.4 percent respectively, while the falling of India VIX, the fear index, by 3.66 percent to 10.9, will be a comfort for bulls.
Nifty:20103.1/33.1/0.16%;Candle:OGU; Bank Nifty:46000.85/91.4/0.2% Candle:OGU,Doji ; HB:OGU,Doji
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;295;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Balrampur Chini Mills, BHEL, and Zee Entertainment Enterprises to its F&O ban list for September 15, while retaining Delta Corp, Hindustan Copper, Indiabulls Housing Finance, Indian Energy Exchange, India Cements, Manappuram Finance, National Aluminium Company, REC and SAIL.
Market wrap up(DWM,T,N,E):The market closed the rangebound session higher, with the Nifty50 ending at fresh record closing high on September 14, tracking positive global cues. Going forward, 20,100 is likely to be crucial level for further direction in the market, with resistance at 20,200-20,300 area and the key support at 19,900 levels, experts said. The BSE Sensex rose 52 points to 67,519, extending upward journey for 10th consecutive session, while the Nifty50 advanced 33 points to 20,103, a fresh closing high, and formed bearish candle with minor upper & lower wicks which resembles Spinning Top kind of candlestick pattern format on the daily charts, signalling indecisiveness among bulls and bears about future market trend. “The “buy on dips” strategy is expected to be the preferred approach until Nifty falls below 19,900 decisively,” On the upside, he feels Call writers at 20,100 are likely to defend the index against further upward movement. A sustained trade above 20,100 could potentially trigger a significant rally in the short term, he said. Broader markets also continued to recoup further losses, with positive breadth in the ratio of 3:1. The Nifty Midcap 100 and Smallcap 100 indices gained more than 1 percent each, sustaining uptrend for second straight session, after falling 3 percent and 4 percent on September 12. The fear index, India VIX remained below 12, which gives comfort for bulls, falling 4.31 percent to 11.32 levels.
