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.
