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.
