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.
