Nifty:19802/-9.85/-0.05%;Candle:OF,Doji; Bank Nifty:43577.5/127.9/0.29% Candle:OF.Doji ; HB:OGD,Long day green,1524
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long21%FutCash;256;Opt84%
OI data Nifty ( max pain W19800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Balrampur Chini Mills, and Hindustan Petroleum Corporation to its F&O ban list for November 24, while retaining Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, MCX India, RBL Bank and Zee Entertainment Enterprises. BHEL, and NMDC removed from the said list.
Market wrap up(DWM,T,N,E):Considering the holding of 19,800 and hitting last week’s high of 19,875 once again, bulls seem to be trying hard to get above 19,850, the crucial resistance area. Hence, if the index successfully climbs above this area, then immediate resistance to watch out for will be 19,900-20,000 levels, with support at 19,700-19,500 area, experts said. On November 23, the benchmark indices closed flat. The BSE Sensex was down 5.4 points at 66,018, while the Nifty50 declined 10 points to 19,802 and formed small bearish candlestick pattern with an upper shadow on the daily scale. The index has still been in the range of 19,600-19,875 levels for sixth day in a row now. Technically, “this pattern indicates a continuation of range movement in the market. We also observe a rising wedge-type pattern unfolding on the daily chart in the last 4-5 sessions,” He feels the short-term trend of Nifty remains choppy. “A decisive move above 19,900 levels could open doors towards new all-time highs. Any weakness from here could find immediate support around 19,650-19,600 levels,” The cooling down volatility supported the market, with the fear index India VIX declining 4.63 percent to 11.32 levels, while the market breadth was in favour of bulls as about 1,146 shares advanced against declining 951 shares on the NSE. On the broader markets front, the Nifty Midcap 100 index ended flat, but the Smallcap 100 index gained seven-tenth of a percent.
