Nifty:19425.35/30.05/0.15%;Candle:OGD,Short day green; Bank Nifty:43820.1/136.5/0.31% Candle:OGD,Long day green ; HB:OGD,Short day green,1492,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long18%FutCash;-261;Opt89%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Manappuram Finance and Zee Entertainment Enterprises to its F&O ban list for November 12, while retaining Chambal Fertilisers and Chemicals, Delta Corp, GNFC (Gujarat Narmada Valley Fertilizers and Chemicals), and MCX India in the said list.
Market wrap up(DWM,T,N,E):
The market has seen stiff resistance in the 19,450-19,500 zone, which coincides with 50-day EMA (exponential moving average – 19,450), whereas, 21-day EMA of 19,370 points continued to act as a healthy support line for the Nifty50, followed by the 100-day EMA of 19,300 as a critical support. Given the positive bias on the technical as well as fundamental ground, will the index continue to trade on the higher side? Yes. With likely resistance at 19,550-19,600 though, there is a possibility of a rangebound and volatile session, experts said. The BSE Sensex gained 72 points to reach 64,905, while the Nifty50 added 30 points to 19,425 and formed a bullish candlestick pattern on the daily charts, while on the weekly charts, there was a bullish candlestick pattern formation, negating its lower highs of the last two weeks. “The Nifty showed volatility throughout the day, rebounding above the 21-day exponential moving average. However, the substantial open interest (OI) buildup at 19,500, particularly from Call writers, suggests a protective barrier that may impede further upward movement for the Nifty,” On the downside, he feels, Put writers are likely to safeguard the 19,400 levels. “We anticipate a market confined within a range on the Muhurat Trading Day,” he said. The overall setup is stabilising with support-based buying but lack of momentum is making the upside capped, Chandan Taparia, senior vice-president and derivatives analyst at Motilal Oswal Financial Services, said. The Nifty50 has to hold above the 19,400 level to make an up-move towards 19,550 and 19,600, whereas supports are gradually shifting higher and are placed at 19,333 and then 19,250. The broader markets outperformed the benchmark indices, with the Nifty Midcap 100 and Smallcap 100 indices rising half a percent each.
