Nifty:19674.25/-68.1/-0.34%;Candle:OF,Short day red; Bank Nifty:44612.05/-0.24/-0.29% Candle:OF,Doji ; HB:OF,Long day red,1529,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long53%FutCash;-1326;Opt88%
OI data Nifty ( max pain W19750M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Canara Bank, and Granules India to its F&O ban list for September 25, while retaining Delta Corp, Hindustan Copper, Indiabulls Housing Finance and Manappuram Finance to the list. Balrampur Chini Mills, BHEL, Punjab National Bank and Zee Entertainment Enterprises were removed from the said list.
Market wrap up(DWM,T,N,E):The southward journey in the equity benchmarks continued for fourth consecutive session on September 22, especially immediately after hitting record high. Considering the breaking of 21-day EMA (exponential moving average placed at 19,761) with lower highs, lower lows formation for four days in a row and bearish crossover in the momentum indicator RSI (relative strength index), the volatility with a negative bias is likely to continue in coming sessions, experts said. According to them, the 19,500-19,600, which coincides with the 50-day EMA may act as crucial support for the Nifty50 in the near term, while it may face resistance at 19,800-20,000 levels. On September 22, the BSE Sensex was down 221 points at 66,009, while the Nifty50 fell 68 points to 19,674 and formed a bearish candlestick pattern with minor upper shadow on the daily charts, indicating selling at higher levels. “Nifty experienced consistent selling pressure throughout the last week, resulting in a decline of 2.80 percent from its all-time high. This recent correction has caused it to dip below the critical 21-day exponential moving average (21EMA),” the sentiment appears bearish at this point, with a key support level identified at 19,600. A breach below 19,600 could potentially initiate a more significant market correction. On the upside, 19,800 is expected to serve as a resistance level,
