Nifty:19783.4/89.4/0.45%;Candle:OGU,Long day green; Bank Nifty:43689.15/104.2/0.24% Candle:OGU,Doji ; HB:OGU,Doji,1517,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long21%FutCash;-455;Opt92%
OI data Nifty ( max pain W19800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained BHEL, Chambal Fertilisers and Chemicals, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, MCX India, NMDC, RBL Bank and Zee Entertainment Enterprises to its F&O ban list for November 22.
Market wrap up(DWM,T,N,E):The formation of frequent upper shadows on the daily candles near the 19,800-19900 zone indicates the presence of strong overhead resistance on the higher side, while the 19,600 continued to act as a strong support. Hence, given the strong support zone, the Nifty50 seems to be trying hard to surpass the 19,800-19,900 zone and if the said zone gets broken, then the 20,000-20,200 zone will be the area to watch, said experts. On November 21, the benchmark indices recouped all their losses from the previous two days. The BSE Sensex rose 276 points to 65,931, while the Nifty50 advanced 89 points to 19,783, and formed a small bullish candlestick pattern with the long upper shadow on the daily timeframe. “The opening upside gap remains unfilled. At the same time, Nifty is not showing any significant reversal pattern at the highs or not showing any sharp weakness from near the hurdle. This is a positive indication,” “The present consolidation pattern could eventually result in a decisive upside breakout of the hurdle at 19,900 levels from here or from slightly lower levels. The anticipated upside breakout could pull Nifty towards the new all-time highs. Immediate support is at 19,650 levels,” The market breadth was slightly in favour of bulls as 1,144 shares advanced against 964 declining shares on the NSE, though the broader markets remained mixed with the Nifty Midcap 100 index up 0.06 percent and Smallcap 100 index down 0.11 percent.
