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.
