Nifty:19443.85/-82/-0.42%;Candle:OGD.Short day red,; Bank Nifty:43891.25/-105.4/-0.24% Candle:OGD,Doji ; HB:OGD,1490,Short day red,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long19%FutCash;-1244;Opt89%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Hindustan Copper, Indiabulls Housing Finance, and SAIL to its F&O ban list for November 15, while retaining Chambal Fertilisers and Chemicals, Delta Corp, Manappuram Finance, and Zee Entertainment Enterprises in the said list. GNFC (Gujarat Narmada Valley Fertilizers and Chemicals), and MCX India removed from the said F&O ban.
Market wrap up(DWM,T,N,E):After moving closer to the key resistance of 19,550 on Muhurat trading day, the Nifty50 caught into profit booking amid consolidation in the following session on November 13. The index fell a tad below the 50-day EMA (exponential moving average) of 19,447. Will it manage to get back decisively above the 19,550 resistance? According to experts, as long as the index holds 19,300 as strong support, the upmove towards 19,550-19,600 is possible after the current consolidation, which can pave the way for the October high of 19,850. The BSE Sensex fell 326 points to 64,934, while the Nifty50 declined 82 points to 19,444 and formed a bearish candlestick pattern on the daily charts. Also, the index filled the opening upside gap of Sunday’s Muhurat trading session. The Nifty is currently placed at the hurdle of a down trendline at 19,550 and is consolidating around the resistance. the near-term trend of the Nifty continues to be positive. “Having placed at the crucial overhead resistance around 19,550-19,600, there is a possibility of some more consolidation or minor weakness in the short term before showing any decisive upside breakout of the resistance. Further weakness from here could find support around 19,300-19,250 levels,” The broader markets remained positive despite negative breadth. The Nifty Midcap 100 index was up 0.07 percent and Smallcap 100 index rose 0.7 percent.
Nifty:19425.35/30.05/0.15%;Candle:OGD,Short day green; Bank Nifty:43820.1/136.5/0.31% Candle:OGD,Long day green ; HB:OGD,Short day green,1492,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long18%FutCash;-261;Opt89%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Manappuram Finance and Zee Entertainment Enterprises to its F&O ban list for November 12, while retaining Chambal Fertilisers and Chemicals, Delta Corp, GNFC (Gujarat Narmada Valley Fertilizers and Chemicals), and MCX India in the said list.
Market wrap up(DWM,T,N,E):
The market has seen stiff resistance in the 19,450-19,500 zone, which coincides with 50-day EMA (exponential moving average – 19,450), whereas, 21-day EMA of 19,370 points continued to act as a healthy support line for the Nifty50, followed by the 100-day EMA of 19,300 as a critical support. Given the positive bias on the technical as well as fundamental ground, will the index continue to trade on the higher side? Yes. With likely resistance at 19,550-19,600 though, there is a possibility of a rangebound and volatile session, experts said. The BSE Sensex gained 72 points to reach 64,905, while the Nifty50 added 30 points to 19,425 and formed a bullish candlestick pattern on the daily charts, while on the weekly charts, there was a bullish candlestick pattern formation, negating its lower highs of the last two weeks. “The Nifty showed volatility throughout the day, rebounding above the 21-day exponential moving average. However, the substantial open interest (OI) buildup at 19,500, particularly from Call writers, suggests a protective barrier that may impede further upward movement for the Nifty,” On the downside, he feels, Put writers are likely to safeguard the 19,400 levels. “We anticipate a market confined within a range on the Muhurat Trading Day,” he said. The overall setup is stabilising with support-based buying but lack of momentum is making the upside capped, Chandan Taparia, senior vice-president and derivatives analyst at Motilal Oswal Financial Services, said. The Nifty50 has to hold above the 19,400 level to make an up-move towards 19,550 and 19,600, whereas supports are gradually shifting higher and are placed at 19,333 and then 19,250. The broader markets outperformed the benchmark indices, with the Nifty Midcap 100 and Smallcap 100 indices rising half a percent each.
Nifty:19395.3/48.2/0.25%;Candle:OF,Short day red; Bank Nifty:43683.6/24.95/0.06% Candle:OF,Doji ; HB:OF,Doji,1487
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long19%FutCash;-1712;Opt83%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Oil and Natural Gas Corporation, Mahindra & Mahindra, Coal India, Hindalco Industries, Eicher Motors, Life Insurance Corporation of India, Biocon, Blue Jet Healthcare, Edelweiss Financial Services, Glenmark Pharmaceuticals, Hindustan Aeronautics, Hindustan Copper, Ipca Laboratories, Jupiter Life Line Hospitals, Rashtriya Chemicals & Fertilizers, Steel Authority of India, Sun TV Network, and Tata Chemicals will announce September quarter earnings on November 10.
The NSE has added Chambal Fertilisers and Chemicals, and MCX India to its F&O ban list for November 10, while retaining Delta Corp and GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) in the said list.
Market wrap up(DWM,T,N,E):The market wiped out previous day’s gains and closed tad below 19,400 after facing strong resistance at 19,450-19,500 levels for yet another session, but still remained in the broader range of 19,300-19,500 levels. Will the current rangebound trade continue in coming sessions?, yes, “we can observe that the Nifty is consolidating the range 19,400 – 19,500 where resistance in the form of the key daily moving averages are placed, which restricts the upside. On the downside, the gap area formed in the range 19,280 – 19,310 is a crucial support from short term perspective,” unless the range is decisively breached on either side, one can expect the rangebound action to continue. “Regarding levels, 19,460 – 19,500 is the immediate hurdle zone while 19,280 – 19,310 is the crucial support zone.” On November 9, the Nifty50 fell 48 points to 19,395 and formed bearish candlestick pattern on the daily charts, but still held above 21-day EMA (exponential moving average – 19,367), while the BSE Sensex slipped 143 points to 64,832. However, the Nifty Midcap 100 index continued its uptrend for sixth consecutive session, rising 0.2 percent, but the Nifty Smallcap 100 index snapped five-day gains, falling 0.24 percent.
Nifty:19443.5/36.8/0.19%;Candle:OGU,Doji; Bank Nifty:43658.65/-79.25/-0.18% Candle:OF ; Short day red . HB:OF,Short day green,1491,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long19%FutCash;-84;Opt86%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Adani Ports and Special Economic Zone, Aurobindo Pharma, Bosch, ABB India, Zee Entertainment Enterprises, Aditya Birla Fashion and Retail, Apollo Hospitals Enterprise, Ashok Leyland, Bajaj Consumer Care, Engineers India, GlaxoSmithKline Pharmaceuticals, IRM Energy, Lemon Tree Hotels, Samvardhana Motherson International, Muthoot Finance, NALCO, Page Industries, Rail Vikas Nigam, Sula Vineyards, and Torrent Power will release quarterly earnings scorecard on November 9.
The NSE has added Delta Corp to its F&O ban list for November 9, while retaining GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) in the said list.
Market wrap up(DWM,T,N,E):The Nifty50 continued to see formation of Doji pattern for yet another session, indicating indecisiveness among bulls and bears about the future market trend, but the index continued higher highs and higher lows formation for the fifth consecutive session on November 8. Hence, will the Nifty50 march towards 19,550-19,600 levels? The Nifty50 is required to decisively break 19,450, the critical resistance which coincides with the 50-day EMA (exponential moving average) for further upmove towards 19,550-19,600, but in case it breaches 19,400, then the correction can be possible up to 19,300-19,250, the current support area, experts said. The Nifty50 is required to decisively break 19,450, the critical resistance which coincides with the 50-day EMA (exponential moving average) for further upmove towards 19,550-19,600, but in case it breaches 19,400, then the correction can be possible up to 19,300-19,250, the current support area, experts said. “This market action indicates the formation of a Doji-type candle pattern, which is back-to-back for two sessions. This signals a confused state of mind among market participants,” The opening upside gap of November 2, November 3 and November 6 remains intact on the daily chart and the immediate resistance of 19,300 has already been broken on the higher side. “The overall chart pattern remains positive and one may expect Nifty to advance towards 19,600 levels in the short term. Any dips from here could be a buying opportunity around 19,300-19,250 levels,” The Nifty Midcap 100 and Smallcap 100 indices continued to perform better than benchmarks, rising 1 percent and 0.7 percent respectively.
Nifty:19406.7/5.05/0.03%;Candle:OF,Doji; Bank Nifty:43737.9/118.5/0.27% Candle:OGD,Short day green, ; HB:OGD, Short day red,1487,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long20%FutCash;-497;Opt91%
OI data Nifty ( max pain W19.350M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Lupin, Tata Power Company, Oil India, 63 Moons Technologies, Bata India, BHEL, CESC, Mazagon Dock Shipbuilders, MCX India, MTAR Technologies, Nazara Technologies, The New India Assurance Company, Patanjali Foods, Power Finance Corporation, Pidilite Industries, PI Industries, Raymond, Shree Renuka Sugars, Samhi Hotels, United Spirits, and Welspun Corp will release September quarter earnings on November 8.
The NSE has retained GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) on its F&O ban list for November 8.
Market wrap up(DWM,T,N,E):The market took a breather after a three-day run up and ended flat with a negative bias, but held above 19,400. Will it indicate rangebound trade or further upmove above 50-day EMA in coming days? The rangebound trade is likely to continue with 19,400 seeming to be acting as a crucial role for either side of trend. If the index holds the same, then it will surpass 19,450 (50-day EMA – exponential moving average) followed by hurdle at 19,500-19,600, whereas on the lower side, 19,300 will be immediate support for the Nifty50, experts said. On November 7, the BSE Sensex fell 16 points to 64,942, while the Nifty50 declined five points to 19,407 and formed Doji kind of candlestick pattern as well as Tweezer Top kind of pattern on the daily charts, indicating the possibility of some kind of reversal. Hence, the move in next session will be the key to watch. “Normally, such Doji formation at the swing highs or lows calls for impending trend reversals for the underlying. Having formed this pattern beside the long bull candle of Monday signal chances of range bound movement in the market,” The larger degree of lower tops and bottoms is intact as per daily timeframe chart and currently, Nifty is moving up towards the new lower top formation of the sequence. Still there is no confirmation of any lower top reversal pattern yet at the highs, At the higher levels, he said the market could encounter strong resistance around 19,500-19,600 levels in the short term. “Immediate support is placed at 19,320 levels.” The broader markets continued their uptrend for fourth consecutive session, with the Nifty Midcap 100 and Smallcap 100 indices gained 0.3 percent and 0.75 percent respectively, while the market breadth was slightly in favour of bulls.
Nifty:19411.75/181.15/0.94%;Candle:OGU,Short day green; Bank Nifty:43619.4/301.15/0.7% Candle:OGU,Doji ; HB:OGU,Doji,1493,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long20%FutCash;-549;Opt89%
OI data Nifty ( max pain W19350M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Power Grid Corporation of India, Shree Cement, Alkem Laboratories, Anupam Rasayan India, Alembic Pharmaceuticals, Apollo Tyres, Balrampur Chini Mills, Cochin Shipyard, CRISIL, Cummins India, Dilip Buildcon, Devyani International, Ideaforge Technology, Indian Railway Catering and Tourism Corporation, Jyothy Labs, Info Edge (India), Updater Services, Zaggle Prepaid Ocean Services, and Zydus Lifesciences will be in focus ahead of July-September period earnings on November 7.
The NSE has retained GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) on its F&O ban list for November 7.
Market wrap up(DWM,T,N,E):he market extended its northward journey for the third consecutive session, with the Nifty50 decisively surpassing the 19,250-19,300 area on November 6. Will it continue the uptrend further? Now all eyes are on the 50-day EMA (exponential moving average of 19,450), which if it crosses then 19,550-19,600 can’t be ruled out, with support at the 19,300 mark, experts said. The BSE Sensex rallied 595 points to 64,959, tracking positive Asian cues and buying in all key sectors barring PSU Bank, while the Nifty50 jumped 181 points to 19,412 and formed a bullish candlestick pattern on the daily charts surpassing 100 as well as 21-day EMA. The opening upside gap of the last three sessions remains intact. This market action signals a decisive upside bounce in the market after the formation of an important bottom reversal at 18,837 levels on October 26,” With the sharp taking out of an immediate resistance of 18,250 on the upside on Monday, the market is now advancing towards the next overhead resistance of around 19,550-19,600 levels in the short term, he said, adding immediate support is placed at 19,320 levels. The market breadth also remained in favour of bulls, while the Nifty Midcap 100 and Smallcap 100 indices gained 0.9 percent and 1.4 percent respectively.
Nifty:19230.6/97.35/0.5%;Candle:OGU,Doji; Bank Nifty:43318.25/310.05/0.7% Candle:OGU, ; HB:OGU,Short day red,1484,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-12;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Divis Laboratories, Bharat Forge, Hindustan Petroleum Corporation, FSN E-Commerce Ventures (Nykaa), Adani Energy Solutions, Bajaj Electricals, Emami, Exide Industries, Gland Pharma, NHPC, Sobha, Sun Pharma Advanced Research Company, TVS Supply Chain Solutions and Varun Beverages will be in focus ahead of quarterly earnings on November 6.
The NSE has retained GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) to its F&O ban list for November 6.
Market wrap up(DWM,T,N,E):The market extended an uptrend for the second consecutive session on November 3, but considering it is at the crucial hurdle of the 19,200-19,300 area, which had acted as a strong support area in August before getting into a sharp rally in September, and also there is a continuation of tug-of-war between bulls and bears for firm direction, will it be able to extend uptrend from here on? Yes, it is possible only if the index surpasses and holds the 19,300 mark, then 19,500-19,600 can be the next possible resistance area for the index, whereas, on the downside, 19,000-18,900 seems to be the key support zone, experts said. On November 3, the BSE Sensex jumped 283 points to 64,364 while the Nifty50 was up 97 points at 19,231 and formed a Spinning Top kind of candlestick pattern on the daily charts, indicating indecisiveness among buyers and sellers about future trends. “Nifty is likely to trade in the range of 19,000 to 19,300 with sideways to positive bias. A decisive breakthrough of upper range value will take such advance for 19,500, while on the downside, a sustainable fall below the psychological mark 19,000 will trigger more selling for 18,800-18,700,” The index has reached closer to the resistance zone of multiple moving averages now (20, 100 and 50-day EMA). “We need a decisive close above 19,500 to negate the bearish tone and inch towards 19,850 levels. On the downside, the 18,800-19,000 zone would offer support in case the decline resumes,” Ajit Mishra, SVP – Technical Research at Religare Broking said. The broader markets also continued an uptrend, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.7 percent and 1.2 percent respectively, on positive breadth. About two shares advanced for every falling share on the NSE.
Nifty:19133.25/144.1/0.76%;Candle:OGU,Short day green; Bank Nifty:43017.2/316.2/0.74% Candle:OGU,Doji ; HB:OGU,Short day red,1480,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long16%FutCash;-1261;Opt80%
OI data Nifty ( max pain W19100M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Titan Company, InterGlobe Aviation, Zomato, Aditya Birla Capital, Aegis Logistics, Bharat Dynamics, Crompton Greaves Consumer Electricals, Escorts Kubota, Godfrey Phillips India, IDFC, Indigo Paints, JSW Infrastructure, MRF, Shipping Corporation of India, Thermax, TTK Healthcare, UCO Bank, and Whirlpool of India will deliver September quarter earnings on November 3.
State Bank of India, Bank of Baroda, Bank of India, Delhivery, PB Fintech, Affle (India), Data Patterns (India), JK Cement, Metropolis Healthcare, Olectra Greentech, Orchid Pharma, Poly Medicure, Suven Life Sciences, Utkarsh Small Finance Bank, and Zuari Agro Chemicals will announce quarterly earnings on November 4.
The NSE has retained GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) to its F&O ban list for November 3.
Market wrap up(DWM,T,N,E):Bulls were back after easing fears related to FOMC outcome, which turned out to be dovish commentary. Will the bulls’ party continue in the coming sessions? Yes, said experts, provided the Nifty50 holds 19,100-19,000 levels in coming sessions, which can help the index move to 19,200-19,300 area, the crucial resistance area. If the index manages to climb and sustain above the resistance for a few days, then 19,500-19,600 can be possible areas to watch. Till then, the index may remain in the range of 18,900-19,200 zone. On November 2, after a two-day correction, the BSE Sensex advanced 490 points to 64,081, while the Nifty50 rose 144 points to 19,133 and formed small bullish candlestick pattern with upper and lower shadows on the daily timeframe. “The index has an immediate support at 19,100 levels and below that 19,000 levels, whereas 19,200 is an immediate resistance and 19,300 is the next resistance,” “the overall medium-term trend, however, is still negative only; hence traders should hedge and not be over aggressive on the long side in this bounce,” The market breadth also turned positive, pushing the broader markets higher. About five shares advanced against two falling shares on the NSE. The Nifty Midcap 100 and Smallcap 100 indices rallied more than 1.3 percent each. The volatility also cooled down considerably, making the trend favourable for bulls. The fear index, India VIX fell by 8.07 percent to 11.08 levels.
Nifty:19989.15/-90.45/-0.47%;Candle:OF,Short day green; Bank Nifty:42700.95/-145/-0.34% Candle:OGD,Doji ; HB:OGD,Short day green,1477,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-1817;Opt%
OI data Nifty ( max pain W19050M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Tata Motors, Adani Enterprises, Adani Power, Dabur India, Berger Paints India, Bombay Dyeing, Cholamandalam Investment, Container Corporation of India, Godrej Properties, Gujarat Gas, Indian Energy Exchange, Indian Railway Finance Corporation, JK Lakshmi Cement, Kalpataru Projects International, Karnataka Bank, Minda Corporation, and Suzlon Energy will be in focus ahead of quarterly earnings on November 2.
The NSE has retained GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) to its F&O ban list for November 2.
Market wrap up(DWM,T,N,E):After back-to-back falls in the market, the sentiment turned in favour of bears and the participants seemed to continue with a ‘sell-on-rise’ opportunity. Hence, if the index fails to hold on to 18,900, the immediate support, then it can again move towards the low of last week around 18,800. But in case the index rebounds, it may face a crucial hurdle at the 19,100-19,300 area, experts said.The BSE Sensex was down 284 points at 63,591, while the Nifty50 declined 90 points to 18,989 and formed a bearish candlestick pattern on the daily charts, with lower top and lower bottom formation. Momentum indicator RSI is also showing a negative trend, ahead of weekly F&O expiry. “Technically, this pattern indicates an emergence of selling pressure after the reasonable upside bounce and also the formation of lower top around 19,230 levels. However, the selling momentum seems to have reduced recently as we observe weakness with rangebound action in the last couple of sessions,” Nagaraj Shetti, technical research analyst at HDFC Securities said ,He feels the Nifty is expected to slide down to the lower support of 18,850 levels (200-day EMA) once again before showing another round of upside bounce from the lows. Any intra-week upmove from there could encounter resistance around 19,100 levels, he said. The market breadth turned in favour of bears after the equal ratio in the previous two sessions, as three shares declined against two rising shares on the NSE, while the broader markets continued to be rangebound, closing flat (with a negative bias) for the third straight session.
