Nifty:20096/206.9/1.04%;Candle:OGU,Long day green; Bank Nifty:44566.45/685.5/1.56% Candle:OGU.Long day green ; HB:OGU,1559,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long29%FutCash;72;Opt99%
OI data Nifty ( max pain W20050M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Hindustan Copper and Manappuram Finance to its F&O ban list for November 30, while Balrampur Chini Mills, BHEL, Granules India, and Indiabulls Housing Finance were removed from the said list.
Market wrap up(DWM,T,N,E):
The market finally reclaimed its psychological 20,000 mark once again after more than a couple of months. Hence, given the index traded well above all key moving averages and positive trend in the momentum indicator RSI (relative strength index) & MACD (moving average convergence divergence) on daily, weekly and monthly timeframes, the Nifty50 may start surpassing its previous record high (20,222.45) in coming days, with support at 20,000-19,800 levels, experts said.
Now bulls seem to be back in full action on November 29, a day before the expiry of November futures & options contracts, and exit polls of five States elections.
The trading volumes on the Nifty50 also remained strong in the last two consecutive sessions, which is another positive sign, though the breadth needs to be strong for a further up move.
The BSE Sensex jumped 728 points or 1.1 percent to 66,902, while the Nifty50 rallied 207 points or 1.04 percent to 20,097 and formed a long bullish candlestick pattern on the daily timeframe.
“The bulls remained at the helm following a consolidation breakout on the daily chart. Besides, the index is sitting comfortably above the crucial short-term moving average,” Rupak De, senior technical analyst at LKP Securities said.
Hence, he feels the overall trend looks positive with broader market participation and a smart recovery in the Bank Nifty. Over the short term, the Nifty might move towards 20,450-20,500 unless it falls below 19,850, he said.
The India VIX advanced for the third consecutive session, rising 4.4 percent to 12.7 levels and closing above the 200-day EMA (exponential moving average) for the first time in the last 10 months.
Nifty:19889.7/95/0.48%;Candle:OGU,Short day green; Bank Nifty:43880.95/111.85/0.26% Candle:OF,Doji ; HB:,OF,short day red,1528,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long24%FutCash;783;Opt93%
OI data Nifty ( max pain W19850M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE retained Balrampur Chini Mills, BHEL, Granules India, and Indiabulls Housing Finance to its F&O ban list for November 29, while Hindustan Copper, Hindustan Petroleum Corporation, and Zee Entertainment Enterprises were removed from the said list.
Market wrap up(DWM,T,N,E):Given the optimism with the breakout of the seven-day consolidation, the Nifty may gradually start moving towards the psychological 20,000 mark and then to a record high of 20,200 in coming sessions, with immediate support at 19,800-19,700 levels, experts said. On November 28, the BSE Sensex rose 204 points to 66,174, while the Nifty50 was up 95 points at 19,890 and formed a bullish candlestick pattern with upper & lower shadows on the daily scale. “The Nifty has risen above the recent consolidation high, indicating increased optimism among market participants. Furthermore, it has held steady above the critical near-term support level of 19,700,” Hence, he feels the sentiment is expected to stay positive, potentially leading to a new lifetime high in the short term. At the lower end, 19,700 could remain a crucial short-term support level The broader markets also gained strength with the Nifty Midcap 100 and Smallcap 100 indices rising half a percent and a third of a percent respectively, while the India VIX, the volatility index, increased sharply by 7.45 percent to 12.18 levels, may be ahead of exit poll of five States elections.
Nifty:19794.7/-7.3/-0.04%;Candle:OF,Doji; Bank Nifty:43769.1/191.6/0.44% Candle:OF,Short day green ; HB:OF,Short day green,1531,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long23%FutCash;2625;Opt86%
OI data Nifty ( max pain W19800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE added BHEL and Granules India to its F&O ban list for November 28, while retaining Balrampur Chini Mills, Hindustan Copper, Hindustan Petroleum Corporation, Indiabulls Housing Finance, and Zee Entertainment Enterprises. India Cements, Manappuram Finance, MCX India and RBL Bank were removed from the said list.
Market wrap up(DWM,T,N,E):The market, which has remained range-bound for more than a week now, can do with a trigger or two to break out of the 19,620-19,875 range. If the Nifty breaks on the higher side, 19,900-20,000 can’t be ruled out and, on the lower side, it can slip to 19,500-19,300 but that looks unlikely, experts said. On November 24, the 30-pack Sensex ended 48 points down at 65,970 and the broad-based Nifty declined 7 points to 19,795 to form a small bearish candlestick with minor upper and lower shadows on the daily scale, This market action reflects sideways movement for the Nifty, which is unfolding over the last five-six sessions. This is signaling that the market is waiting for the triggers to break beyond the range of 19,875-19,650 levels,” he near-term uptrend of Nifty remains intact. The cues of recent assembly elections (exit poll predictions on November 30 and the results on December 3) are expected to be a trend-decider for the market. “The upcoming above-said event is likely to trigger sharp movement on either side of the range,” A sustainable up-move above 19,900 can pull the Nifty towards all-time highs and a decisive move below 19,600 will likely open a near-term downward correction, The market breadth favoured the bears, as about 1,135 shares declined against advancing 964 shares on the NSE, while the broader market settled flat with a positive bias. T
Market wrap up(DWM,T,N,E):The market, which has remained range-bound for more than a week now, can do with a trigger or two to break out of the 19,620-19,875 range. If the Nifty breaks on the higher side, 19,900-20,000 can’t be ruled out and, on the lower side, it can slip to 19,500-19,300 but that looks unlikely, experts said. On November 24, the 30-pack Sensex ended 48 points down at 65,970 and the broad-based Nifty declined 7 points to 19,795 to form a small bearish candlestick with minor upper and lower shadows on the daily scale, This market action reflects sideways movement for the Nifty, which is unfolding over the last five-six sessions. This is signaling that the market is waiting for the triggers to break beyond the range of 19,875-19,650 levels,” he near-term uptrend of Nifty remains intact. The cues of recent assembly elections (exit poll predictions on November 30 and the results on December 3) are expected to be a trend-decider for the market. “The upcoming above-said event is likely to trigger sharp movement on either side of the range,” A sustainable up-move above 19,900 can pull the Nifty towards all-time highs and a decisive move below 19,600 will likely open a near-term downward correction, The market breadth favoured the bears, as about 1,135 shares declined against advancing 964 shares on the NSE, while the broader market settled flat with a positive bias. The market was shut on November 27 on account of the Guru Nanak Jayanti
Nifty:19802/-9.85/-0.05%;Candle:OF,Doji; Bank Nifty:43577.5/127.9/0.29% Candle:OF.Doji ; HB:OGD,Long day green,1524
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long21%FutCash;256;Opt84%
OI data Nifty ( max pain W19800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Balrampur Chini Mills, and Hindustan Petroleum Corporation to its F&O ban list for November 24, while retaining Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, MCX India, RBL Bank and Zee Entertainment Enterprises. BHEL, and NMDC removed from the said list.
Market wrap up(DWM,T,N,E):Considering the holding of 19,800 and hitting last week’s high of 19,875 once again, bulls seem to be trying hard to get above 19,850, the crucial resistance area. Hence, if the index successfully climbs above this area, then immediate resistance to watch out for will be 19,900-20,000 levels, with support at 19,700-19,500 area, experts said. On November 23, the benchmark indices closed flat. The BSE Sensex was down 5.4 points at 66,018, while the Nifty50 declined 10 points to 19,802 and formed small bearish candlestick pattern with an upper shadow on the daily scale. The index has still been in the range of 19,600-19,875 levels for sixth day in a row now. Technically, “this pattern indicates a continuation of range movement in the market. We also observe a rising wedge-type pattern unfolding on the daily chart in the last 4-5 sessions,” He feels the short-term trend of Nifty remains choppy. “A decisive move above 19,900 levels could open doors towards new all-time highs. Any weakness from here could find immediate support around 19,650-19,600 levels,” The cooling down volatility supported the market, with the fear index India VIX declining 4.63 percent to 11.32 levels, while the market breadth was in favour of bulls as about 1,146 shares advanced against declining 951 shares on the NSE. On the broader markets front, the Nifty Midcap 100 index ended flat, but the Smallcap 100 index gained seven-tenth of a percent.
Nifty:19783.4/89.4/0.45%;Candle:OGU,Long day green; Bank Nifty:43689.15/104.2/0.24% Candle:OGU,Doji ; HB:OGU,Doji,1517,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long21%FutCash;-455;Opt92%
OI data Nifty ( max pain W19800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained BHEL, Chambal Fertilisers and Chemicals, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, MCX India, NMDC, RBL Bank and Zee Entertainment Enterprises to its F&O ban list for November 22.
Market wrap up(DWM,T,N,E):The formation of frequent upper shadows on the daily candles near the 19,800-19900 zone indicates the presence of strong overhead resistance on the higher side, while the 19,600 continued to act as a strong support. Hence, given the strong support zone, the Nifty50 seems to be trying hard to surpass the 19,800-19,900 zone and if the said zone gets broken, then the 20,000-20,200 zone will be the area to watch, said experts. On November 21, the benchmark indices recouped all their losses from the previous two days. The BSE Sensex rose 276 points to 65,931, while the Nifty50 advanced 89 points to 19,783, and formed a small bullish candlestick pattern with the long upper shadow on the daily timeframe. “The opening upside gap remains unfilled. At the same time, Nifty is not showing any significant reversal pattern at the highs or not showing any sharp weakness from near the hurdle. This is a positive indication,” “The present consolidation pattern could eventually result in a decisive upside breakout of the hurdle at 19,900 levels from here or from slightly lower levels. The anticipated upside breakout could pull Nifty towards the new all-time highs. Immediate support is at 19,650 levels,” The market breadth was slightly in favour of bulls as 1,144 shares advanced against 964 declining shares on the NSE, though the broader markets remained mixed with the Nifty Midcap 100 index up 0.06 percent and Smallcap 100 index down 0.11 percent.
Nifty:19694/-37.8/-0.19%;Candle:OF,Doji; Bank Nifty:43584.95/1/0% Candle:OF,Doji ; HB:OF,Doji,1505,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long20%FutCash;-645;Opt88%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added BHEL, Indiabulls Housing Finance, and NMDC to its F&O ban list for November 21, while retaining Chambal Fertilisers and Chemicals, Delta Corp, Hindustan Copper, India Cements, Manappuram Finance, MCX India, RBL Bank, and Zee Entertainment Enterprises in the list.
Market wrap up(DWM,T,N,E):The market ended yet another consolidative session on a negative note on November 20 but remained within the broad range of 19,600-19,875. Until the index holds 19,600-19,550 as a support, the ongoing consolidation is likely to break out on the higher side with resistance at the 19,850-19,900 mark, experts said. On November 20, the BSE Sensex dropped 140 points to 65,655, while the Nifty50 declined 38 points to 19,694 and formed a small bearish candlestick pattern with minor upper & lower shadows on the daily charts. “On the downside, the Nifty is approaching the crucial support zone of 19,650 – 19,600 where multiple support parameters in the form of the 40-hour moving average and the lower end of the rising channel is placed,” the Nifty to hold on to this support. The hourly momentum indicator has a negative crossover and has reached the equilibrium line indicating that the correction has matured and can start a new cycle on the upside, he feels. According to Gedia, “19,900-19,930 is the immediate resistance zone”. Kunal Shah, senior technical & derivative analyst at LKP Securities feels despite the consolidation, the broader picture remains bullish, with major support identified in the 19,550-19,500 zone. The broader markets remained flat with the Nifty Midcap 100 index rising 0.11 percent and Smallcap 100 index falling 0.07 percent. The breadth was slightly in favour of bears on the NSE.
Nifty:19731.8/-33.4/-0.17%;Candle:OGD,Short day green; Bank Nifty:43583.95/-577.6/-1.31% Candle:OGD,Doji ; HB:OGD,Short day green,1505,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long21%FutCash;-477;Opt88%
OI data Nifty ( max pain W19750M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added RBL Bank to its F&O ban list for November 20, while retaining Chambal Fertilisers and Chemicals, Delta Corp, Hindustan Copper, India Cements, Manappuram Finance, MCX India, and Zee Entertainment Enterprises in the list. SAIL has been removed from the F&O ban.
Market wrap up(DWM,T,N,E):The equity benchmarks ended lower on November 17, succumbing to selling pressure at higher levels, with the Sensex closing 188 points down at 65,795 and the Nifty 33 points to end at 19,732. The broad-based Nifty, which faced stiff resistance at 19,800-19,850, is expected to consolidate for a few days before getting into action mode, experts said. The Nifty will have to hold the crucial support of 19,600-19,450. If the index manages to go past 19,850 decisively, it can even cross the 20,000 mark, “The hourly momentum indicator has a negative crossover which indicates that the consolidation can continue over the next few trading sessions. The Bollinger bands on the hourly charts are also contracting, indicating that there could be rangebound moves going ahead,” On the downside, 19,630 – 19,600 is the support and this zone is crucial to hold on to for the uptrend to continue, The market breadth favoured bulls with 1,079 advancing shares and 1,048 declining on the NSE.
Nifty:19765.2/89.75/0.46%;Candle:OF,Long day green; Bank Nifty:44161.55/-40.15/-0.09% Candle:OF,Doji ; HB:OF,Doji,1508,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long23%FutCash;957;Opt85%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Chambal Fertilisers and Chemicals, India Cements, Manappuram Finance a to its F&O ban list for November 17, while retaining Delta Corp, Hindustan Copper, MCX India, SAIL, and Zee Entertainment Enterprises in the said list. Indiabulls Housing Finance removed from the said F&O ban.
Market wrap up(DWM,T,N,E):The market closed off day’s high due to profit booking in banks and FMCG counters after the Nifty went above 19,850, the crucial resistance area, but sustained uptrend for yet another session on November 16, the weekly F&O expiry day. Hence, if the index manages to close and sustain above 19,850 levels, then 20,000 mark can’t be ruled out on the Nifty50 in coming days, with support at 19,600-19,500 zone, experts said. The BSE Sensex jumped 307 points to 65,982, while the Nifty50 rose 90 points to 19,765 and formed bullish candlestick pattern with long upper shadow & minor lower shadow on the daily scale. Technically, this pattern indicates an emergence of selling pressure from the crucial hurdle of 19,850 levels. “Positive chart pattern like higher tops and bottoms is intact on the daily chart. Having reacted down from the key resistance on Thursday, there is a possibility of some more consolidation or minor weakness for the market in coming sessions,” At the lower levels, he feels the Nifty is expected to find support around 19,600-19,550 levels. On the broader markets front, the Nifty Midcap 100 and Smallcap 100 indices gained 0.8 percent and 0.6 percent, respectively.
Nifty:19675.45/231.9/1.19%;Candle:OGU,Short day green; Bank Nifty:44201.7/310.45/0.71% Candle:OGU,Short day red ; HB:OGU,Short day green,1506,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;550;Opt%
OI data Nifty ( max pain W19650M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added MCX India to its F&O ban list for November 16, while retaining Delta Corp, Hindustan Copper, Indiabulls Housing Finance, SAIL, and Zee Entertainment Enterprises in the said list. Manappuram Finance and Chambal Fertilisers and Chemicals removed from the said F&O ban.
Market wrap up(DWM,T,N,E):After the market witnessing a decisive breakout of previous seven-day consolidation range and climbing more than 1 percent on November 15, will the index extend northward journey? Possibly yes, but there would be some kind of consolidation around current levels and then the Nifty50 may march towards 19,850, the crucial resistance area seen for the month of October, with key support at 19,600-19,500 levels, experts said , The BSE Sensex jumped 742 points to 65,676 as buying was seen across sectors. The positive global cues after favourable US & China data also boosted sentiment and pushed the Nifty50 far above 19,600 mark. The Nifty50 settled at 19,676, up 232 points or 1.19 percent, the biggest single-day gains since March 31, after a decisive breakout of falling resistance trendline. The index has strong positive opening. The index has formed bullish candlestick pattern with long lower shadow and minor upper shadow on the daily scale. “The Nifty is now stretching higher towards 19,800 – 19,850 where resistance in the form of the daily upper Bollinger band and the previous swing high is placed,” The daily and hourly momentum indicator has a positive crossover, which is a buy signal and hence intraday dips should be bought into, he advised In terms of levels, he feels 19,580– 19,550 is the crucial support zone while 19,800 – 19,850 is the immediate hurdle zone from short term perspective. The market breadth was positive, helping the benchmark indices also trade strong. The Nifty Midcap 100 and Smallcap 100 indices gained 1 percent and 1.32 percent respectively.
