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.
