Nifty:20070/76.8/0.38%;Candle:OGD,Short day green; Bank Nifty:45909.45/398.1/0.87% Candle:OGD,Short day green ; HB:OGD,Short day green,1644,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long66%FutCash;-1613;Opt100%
OI data Nifty ( max pain W20000M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added REC to its F&O ban list for September 14, while retaining Delta Corp, Hindustan Copper, Indiabulls Housing Finance, Indian Energy Exchange, India Cements, Manappuram Finance, National Aluminium Company, and SAIL. BHEL, and Chambal Fertilisers and Chemicals have been removed from the list.
Market wrap up(DWM,T,N,E):After a day of consolidation, the market gained momentum with the Nifty50 closing above psychological 20,000 milestone for the first time on September 13. This was largely attributed to the rally in banking stocks. Hence, the bulls seem to be wanting to stay in the game, which can take the Nifty50 to 20,200-20,500 levels in the coming days if the index holds 19,900-19,800 as an immediate support area, experts said. The BSE Sensex rose 246 points to 67,467, while the Nifty50 climbed 77 points to end at a new closing high of 20,070 and formed a bullish candlestick pattern on the daily charts, though stayed within the previous day’s trading range throughout the session . “Notably, it closed above this threshold, marking a historic closing high for the Nifty. The prevailing sentiment remains optimistic, contingent on Put writers safeguarding the 19,900 levels. A drop below 19,900 could unsettle put writers, potentially triggering market corrections,” On the upside, he feels the 20,100-20,150 range is poised to act as resistance. A clear breakthrough above 20,150 might propel the Nifty into a sustained upward trend, he said. The broader markets also rebounded after a day of sharp correction. The Nifty Midcap 100 index gained 0.2 percent and Smallcap 100 index rose 1 percent as the market breadth was positive with 2:1 ratio.
Nifty:19993.2/-3.15/-0.02%;Candle:OGU,Short day red; Bank Nifty:45511.35/-59.35/-0.13% Candle:OGU,Short day red ; HB:OGU,Doji,1636,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long63%FutCash;;Opt96%
OI data Nifty ( max pain W19950M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Indian Energy Exchange and National Aluminium Company to its F&O ban list for September 13, while retaining BHEL, Chambal Fertilisers and Chemicals, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, and SAIL. Punjab National Bank has been removed from the list.
Market wrap up(DWM,T,N,E):The market hit a new high of 20,110 on the Nifty50, but could not sustain the same due to profit-taking by the participants on September 12, as the index gained around 4.5 percent in a one-way rally since the beginning of this month. Hence, further consolidation with support at 19,800-19,900 can be seen in coming sessions, while the crossing of 20,100 decisively is required for the upward rally, experts said. The BSE Sensex gained 94 points at 67,221, while the Nifty50 declined for the first time in the last eight straight sessions, down 3 points amid volatility at 19,993, and formed a long bearish candlestick pattern on the daily timeframe. Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas believes that the index is due for consolidation after a sharp rally in the last seven trading sessions. The range of consolidation is likely to be 20,100 – 19,800. He feels momentum indicators on the daily and hourly timeframe are providing divergent signals which could lead to sideways consolidation. Thus, both price and momentum indicators suggest that there could be consolidation over the next few trading sessions, he said, adding the short-term outlook is positive. In terms of levels, 19,865 – 19,810 is the crucial support zone while 20,200 – 20,250 shall act as an immediate hurdle zone, he said. The broader markets witnessed a big correction after a long time, making the participants cautious a bit. The Nifty Midcap 100 and Smallcap 100 indices fell 3 percent and 4 percent respectively, with disappointing breadth. About nine shares declined for every rising share on the NSE.
Nifty:19996.35/176.4/0.89%;Candle:OGU,Short day green; Bank Nifty:45570.7/414.3/0.92% Candle:OGU,Short day green ; HB:OGU,Short day green,1632,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long60%FutCash;1473;Opt98%
OI data Nifty ( max pain W19900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added BHEL to its F&O ban list for September 12, while retaining Chambal Fertilisers and Chemicals, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Punjab National Bank and SAIL. Balrampur Chini Mills has been removed from the list.
Market wrap up(DWM,T,N,E):The market started off the week on a strong note, hitting a new and much-awaited 20,000 milestone intraday on the Nifty50 on September 11. Once the Nifty50 closes above the said psychological level and holds the same in coming sessions, then a further upward journey towards 20,100-20,200 in the immediate term is highly possible, provided the index takes the support in the 19,800-19,900 area, experts said. The BSE Sensex rallied 528 points to 67,127, while the Nifty50 climbed 176 points to end at a record closing high of 19,996, continuing the uptrend as well as higher highs formation for the seventh consecutive session. The index has formed a bullish candlestick pattern on the daily charts, after the breakout of the horizontal resistance trendline. “This impressive rally followed a breakout from a descending channel that occurred last week. Looking ahead, the market sentiment is expected to remain upbeat as long as the Nifty stays above the 19,900 level,” On the upside, he feels that one can identify an immediate resistance zone between 20,100 and 20,200. If there is a convincing breakthrough above 20,200, it could pave the way for the Nifty to advance towards the 20,500 mark, he said. The northward journey also continued in broader markets, with the Nifty Midcap 100 and Smallcap 100 indices rising over a percent each, though the fear gauge, the India VIX, climbed 5.26 percent to 11.35 levels, but still below the 12 mark.
Nifty:19819.95/92.9/0.47%;Candle:OGU, Short day green; Bank Nifty:45156.4/278.05/0.62% Candle:OF,Short day green ; HB:OGD,Short day green,1625,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long58%FutCash;-224;Opt96%
OI data Nifty ( max pain W19750M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Chambal Fertilisers and Chemicals to its F&O ban list for September 11, while retaining Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Punjab National Bank and SAIL. BHEL has been removed from the list.
Market wrap up(DWM,T,N,E):The market has had a good run this month, so far, with the Nifty50 crossing the important 19,800 mark after seven weeks on September 8. Experts expect the index at 20,000 in the coming sessions if it manages to hold on to 19,700-19,600 but before that happens, some consolidation can’t be ruled out. The Sensex jumped 333 points to 66,599, while the Nifty rose 93 points to 19,820 to form a bullish candlestick on the daily charts, forming higher highs and higher lows sixth day in a row. “The market has started to surpass one after another hurdles recently and is expected to move above the current resistance of 19,865 levels,” The short term trend continues to be positive, with immediate support at 19,650, The market breadth favours the bulls. Nifty midcap 100 and smallcap 100 indices gained 0.95 percent and 0.6 percent, respectively. The India VIX, the fear index, dropped 0.85 percent to 10.78, from 10.87 levels.
Nifty:19611.05/36.15/0.18%;Candle:OGU,Doji butterfly; Bank Nifty: 44409.1/123.05/0.28% Candle:OF,Doji ; HB:OF,Short day green,1595,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long51%FutCash;-3245;Opt87%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Manappuram Finance, and SAIL to its F&O ban list for September 7, while retaining Balrampur Chini Mills, BHEL, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, and India Cements on the list.
Market wrap up(DWM,T,N,E):The market rebounded smartly in late trade and closed higher for yet another session, continuing the higher-high formation on the Nifty50 for the fourth day in a row. Also, the index held above the downward-sloping resistance trendline. Hence, the index can possibly start marching towards the 19,700-19,750 area in coming sessions, with immediate support at 19,500-19,400 levels, experts said. The BSE Sensex climbed 100 points to 65,881, while the Nifty50 rose 36 points to 19,611 amid volatility and formed a bullish candlestick pattern with a long lower shadow and minor upper shadow on the daily charts. Technically, this pattern reflects high volatility in the market. The upside breakout of trend line resistance remains intact. Hence, “the short-term trend of the Nifty continues to be positive. One may expect further upside in the coming sessions and any dips down to the support of 19,500 is likely to be a buy-on-dips opportunity,” The broader markets saw consolidation after a recent sharp upside, but closed higher with moderate gains, while the volatility continued to slide, with the India VIX declining by 1.27 percent from 10.82 to 10.68 levels.
Nifty:19306.05/40.25/0.21%;Candle:OF,Doji; Bank Nifty:44494.65/263.2/0.6% Candle:OF,Short day green ; HB:OF,Short day green,1578,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long43%FutCash;-1393;Opt93%
OI data Nifty ( max pain W19300M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Indiabulls Housing Finance to its F&O ban list for August 29, while retaining BHEL, Escorts Kubota, GMR Airports Infrastructure, Hindustan Copper, India Cements, Manappuram Finance, RBL Bank, and Sun TV Network in the list.
Market wrap up(DWM,T,N,E):We have seen a healthy rebound amid consolidation on August 28 after two days of correction, but experts are not convinced by the bounce back, though it is on expected lines suggested by the Inverted Hammer kind of pattern formation on the weekly charts. They expect the rangebound trade to continue unless the Nifty50 breaches 19,400 on the higher side which can take the index up to the 19,600 hurdle, whereas the 19,200-19,300 range is expected to be a support area in the near term. The BSE Sensex jumped 110 points to 64,997, while the Nifty50 rose 40 points to 19,306 and formed a Doji kind of pattern on the daily charts after bearish candlestick pattern formation in the previous session, indicating the possibility of rangebound trade in the coming days. “The Nifty has taken support from 19,260 four times in the last 10 trading sessions, making it a strong support for the index. The index managed to hold above the 50-day exponential moving average (DEMA) of 19,286, after closing below the same in the previous trading session,” a breakdown below 19,260 will lead to the initiation of fresh shorts which can take the index to 19,000. However, for the momentum to pick up on the upside, the Nifty needs to break the 19,500 barrier, which is the level where maximum Call open interest is placed, The broader markets fared better than benchmarks on positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained half a percent and seven-tenth of a percent respectively, while the volatility jumped to a three-month high. India VIX, the fear index rose 2.6 percent to 12.40 levels, which is a bit for bears.
Nifty:19253.3/-93.65/-0.48%;Candle:OGU,Short daay red; Bank Nifty:43989.15/-243.45/-0.55% Candle:OF,Short day red ; HB:OF,Doji, 1572,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long53%FutCash;-2973;Opt87%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Market wrap up(DWM,T,N,E):After losing the momentum from day’s high in late trade in the previous session, the market continued its downtrend amid volatility on August 31 too, the monthly F&O expiry day. Going ahead, the Nifty50 is likely to take a support at 19,250-19,200 area and the failure to hold the same can extend selling up to 19,100-18,900 levels, while the 19,400-19,500 level is expected to remain as a key hurdle area on the higher side, experts said. The BSE Sensex dropped 256 points to 64,831, while the Nifty50 declined 94 points to 19,254 and formed bearish candlestick pattern on the daily scale. The index has broken 50-day EMA (exponential moving average placed at 19,289). “Technically, the candlestick pattern indicates that the market is now placed at the edge of downside breakout of the support around 19,250-19,200 levels,” The negative chart pattern like lower tops and bottoms is intact on the daily chart. Hence, he feels the underlying trend of Nifty remains choppy with weak bias. “There is a possibility of weakness below 19,200 levels in the coming sessions. The strong support is placed around 19,000-18,900 levels, where one may expect a sizable upside bounce from the lows,” The broader markets continued to see buying interest as the Nifty Midcap 100 index gained 0.11 percent and Smallcap 100 index rose 0.8 percent. The market breadth was not very weak as it slightly tilted in favour of bears.
Nifty:19727.05/116/0.59%;Candle:OGU,Long day green,; Bank Nifty:44878.35/469.25/1.06% Candle:OF,Long day green ; HB:OGU.Short day green,1624,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long57%FutCash;-759;Opt91%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Punjab National Bank to its F&O ban list for September 8, while retaining Balrampur Chini Mills, BHEL, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, and SAIL on the list.
Market wrap up(DWM,T,N,E):The market continued its higher highs formation as well as upward journey for the fifth consecutive session on the Nifty on September 7, as the bulls stayed strong at Dalal Street, which are likely to take the Nifty50 towards 19,800-19,900 levels in coming sessions, provided the index holds 19,650. The 19,700-19,500 is expected to be support zone, The BSE Sensex jumped 385 points to 66,266, while the Nifty50 rose 116 points to 19,727 and formed long bullish candlestick pattern on the daily charts, with firmly maintaining above falling resistance trendline. “The bulls were able to push Nifty higher following a rangebound trading period in the preceding few days. The sentiment remains positive as long as the index sustains above 19,550,” On the higher end, he feels gains may extend to the range of 19,900 to 20,000 in the near term, provided that bullishness in the market continues to increase.The positive trend remained in broader markets for nine days in a row, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.8 percent and half a percent, respectively.
Nifty:19574.9/46.1/0.24%;Candle:OGU,Short day green; Bank Nifty:44532.15/-46.15/-0.1% Candle:OF,Doji ; HB:OF,Short day red,1577,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long52%FutCash;-1725;Opt96%
OI data Nifty ( max pain W19500M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Delta Corp to its F&O ban list for September 6, while retaining Balrampur Chini Mills, BHEL, Hindustan Copper, Indiabulls Housing Finance, and India Cements on the list.
Market wrap up(DWM,T,N,E):Bulls seem to have turned strong after recent consolidation and pushed the Nifty50 above 19,500 mark. As long as the index holds the same level, 19,600 can be possible in the immediate term and then 19,800 can’t be ruled out, whereas on the flip side, 19,400-19,300 range is likely to provide good support to the index, experts said The market settled higher for the third consecutive session with the BSE Sensex rising 152 points to 65,780, while the Nifty50 climbed 46 points to 19,575 and formed a small bullish candlestick pattern on the daily charts with continuing higher highs and higher lows formation and holding above the downward sloping resistance trendline. “The Nifty has sustained a breakout from a descending channel on the daily chart. The trend will remain favourable as long as the bulls can maintain the Nifty above 19,440,” A “buy on dips” strategy should be the preferred approach until Nifty falls below 19,440, The Nifty Midcap 100 and Smallcap 100 indices continued the upward journey, rising 1 percent and 0.8 percent, respectively to end at fresh record closing highs, while the India VIX remained favourable for bulls, falling 1.34 percent to close at one-month low of 10.82 levels.
Nifty:19528.8/93.5/0.48%;Candle:OGU,Doji; Bank Nifty:44578.3/142.2/0.32% Candle:OGU,Doji ; HB:OGU,Doji,1584.
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long52%FutCash;-3368;Opt96%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Balrampur Chini Mills, BHEL, Hindustan Copper, and India Cements to its F&O ban list for September 5, while retaining Indiabulls Housing Finance on the list.
Market wrap up(DWM,T,N,E):The market on September 4 extended its northward journey for the second consecutive session with the Nifty50, as expected, climbing above the 19,500 mark, tracking positive Asian cues. Going ahead, if the index sustains above 19,500, then the 19,600-19,650 can be easily seen, with immediate support at 19,400-19,300, experts said, adding that the momentum may remain strong in the broader markets. “The index has finally surpassed the 20 DEMA (exponential moving average placed at 19,416) on the daily time frame, adding to the bullish undertone and is likely to head towards the bearish gap in the comparable period,” As far as levels are concerned, he says 19,400 is expected to cushion any upcoming blips, while the sacrosanct support lies around 19,300-19,250 zone. On the flip side, the immediate resistance is placed around 19,600, followed by the bearish gap of 19,680-19,700. The momentum remained strong in the broader markets as the Nifty Midcap 100 and Smallcap 100 indices gained 1 percent and 1.3 percent respectively, backed by positive breadth with 3:2 ratio. The volatility also cooled down further, making bulls more comfortable at Dalal Street. The India VIX, the fear gauge index, fell 3.54 percent to 10.96 from 11.37
