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.
