Nifty:19435.3/181.5/0.94%;Candle:OF,Long daay green; Bank Nifty:44436.1/446.95/1.02% Candle:OGU,Long day green ; HB:OF,Doji,1574,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long51%FutCash;488;Opt93%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Indiabulls Housing Finance to its F&O ban list for September 4.
Market wrap up(DWM,T,N,E):The market started the new month on a positive note, as the Sensex rallied 556 points, or 0.86 percent, to 65,387 and the Nifty 182 points, or 0.94 percent, to 19,435 on September 1 but whether the momentum will sustain is the big question . The market started the new month on a positive note, as the Sensex rallied 556 points, or 0.86 percent, to 65,387 and the Nifty 182 points, or 0.94 percent, to 19,435 on September 1 but whether the momentum will sustain is the big question. “On the daily charts, we can observe that the Nifty has witnessed a sharp pullback from the 19,250 zone where the Nifty has been witnessing buying interest. The daily and the hourly momentum indicators triggered a positive crossover with a divergence, which is a bullish sign from a short-term perspective,” “Considering the above parameters we change our short-term outlook on the index to positive. On the upside, we expect the Nifty to target levels of 19,650,” Gedia said. Crucial support is placed at 19,330–19,300, while immediate hurdle is at 19,520–19,550, The broader markets also traded strong, with the Nifty midcap 100 and smallcap 100 indices rising 0.8 percent and 1.2 percent, aided by positive breadth. The sharp drop in India VIX, the fear index, to 11.37 levels, also gives comfort to the bulls.
