Nifty:19674.55/0.3/0.03%;Candle:OGU,Long day green; Bank Nifty:44766.1/154.05/0.35% Candle:OGU,Doji ; HB:OGU,Long day green
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long49%FutCash;-2333;Opt91%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
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Events/Results:
The NSE has added Balrampur Chini Mills to its F&O ban list for September 26, while retaining Canara Bank, Granules India, Hindustan Copper, and Indiabulls Housing Finance to the list. Delta Corp, and Manappuram Finance were removed from the said list.
Market wrap up(DWM,T,N,E):The formation of the Doji candlestick pattern on September 25 after consistent selling in the previous four sessions indicates the possibility of a bounce-back. Hence, the Nifty50 may march towards 19,800 in case of a bounce and sustainability of uptrend may take it towards the 20,000 mark, whereas the 19,600-19,500 is expected to remain a key support area, experts said. The benchmark indices closed flat with a positive bias amid volatility. The BSE Sensex was up 14.5 points at 66,024, and the Nifty50 gained 0.2 points at 19,674.5, while the Nifty Midcap 100 and Smallcap 100 indices rose 0.66 percent and 0.04 percent, respectively. “The present chart pattern on the Nifty50 indicates the formation of a Doji-type candle pattern at the swing lows. Normally, such Doji formations after a reasonable decline alert for a bounce back from the lows. A sustainable positive close in the subsequent session is likely to confirm an upside bounce for the market,” The Nifty is currently placed near the support of the 20-week EMA (exponential moving average) around 19,580. “The said moving average has offered strong support for the Nifty for the past 3-4 months. Hence, there is a possibility of an upside bounce in the near term,” Shetti said, adding that at the highs, the market could find strong resistance around 19,850 levels. Immediate support to be watched is around 19,600-19,550 levels, he said.
