Nifty:19395.3/48.2/0.25%;Candle:OF,Short day red; Bank Nifty:43683.6/24.95/0.06% Candle:OF,Doji ; HB:OF,Doji,1487
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long19%FutCash;-1712;Opt83%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Oil and Natural Gas Corporation, Mahindra & Mahindra, Coal India, Hindalco Industries, Eicher Motors, Life Insurance Corporation of India, Biocon, Blue Jet Healthcare, Edelweiss Financial Services, Glenmark Pharmaceuticals, Hindustan Aeronautics, Hindustan Copper, Ipca Laboratories, Jupiter Life Line Hospitals, Rashtriya Chemicals & Fertilizers, Steel Authority of India, Sun TV Network, and Tata Chemicals will announce September quarter earnings on November 10.
The NSE has added Chambal Fertilisers and Chemicals, and MCX India to its F&O ban list for November 10, while retaining Delta Corp and GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) in the said list.
Market wrap up(DWM,T,N,E):The market wiped out previous day’s gains and closed tad below 19,400 after facing strong resistance at 19,450-19,500 levels for yet another session, but still remained in the broader range of 19,300-19,500 levels. Will the current rangebound trade continue in coming sessions?, yes, “we can observe that the Nifty is consolidating the range 19,400 – 19,500 where resistance in the form of the key daily moving averages are placed, which restricts the upside. On the downside, the gap area formed in the range 19,280 – 19,310 is a crucial support from short term perspective,” unless the range is decisively breached on either side, one can expect the rangebound action to continue. “Regarding levels, 19,460 – 19,500 is the immediate hurdle zone while 19,280 – 19,310 is the crucial support zone.” On November 9, the Nifty50 fell 48 points to 19,395 and formed bearish candlestick pattern on the daily charts, but still held above 21-day EMA (exponential moving average – 19,367), while the BSE Sensex slipped 143 points to 64,832. However, the Nifty Midcap 100 index continued its uptrend for sixth consecutive session, rising 0.2 percent, but the Nifty Smallcap 100 index snapped five-day gains, falling 0.24 percent.
