Nifty:20997.1/27.7/0.13%;Candle:OF,Doji; Bank Nifty:47314.25/52.25/0.11% Candle:OF,Doji ; HB:OF,Doji,1653
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long57%FutCash;1261;Opt96%
OI data Nifty ( max pain W20900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added India Cements to its F&O ban list for December 12, while retaining Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, National Aluminium Company, and SAIL to the said list. Zee Entertainment Enterprises was removed from the said list.
Market wrap up(DWM,T,N,E):The market made a new record high and closed higher but failed to sustain above the 21,000 mark on the Nifty50 due to profit-taking and rangebound trade on December 11. Experts expect the consolidation to continue as long as the Nifty stays below 21,000 with immediate support at 20,850 but sees the 21,500 mark on the higher side if the index closes firmly above 21,000 in the coming days. On December 11, the benchmark indices started off the week on a positive note, though it was a rangebound session. The BSE Sensex climbed 103 points to 69,929, while the Nifty50 gained 28 points to 20,997 and formed a small-bodied bullish candlestick pattern with upper & lower shadows, which resembles the Spinning Top kind of candlestick pattern on the daily charts, indicating indecisiveness among bulls and bears about the future market trend, though higher highs, higher lows formation continued for the second consecutive session. “This is indicating a narrow range movement in the market for the last three sessions, after a sharp up move of the early part of December,” the overall positive chart pattern of Nifty remains intact and there is a possibility of Nifty continuing its upward journey without showing any major breakdown in the near term. A decisive move above the 21,000 mark could open the next upside target of 21,550, while immediate support is placed at 20,850 levels, The broader markets outperformed frontline indices on positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained 0.7 percent and 0.8 percent respectively.
