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.
