Nifty:20906.4/-90.7/-0.43%;Candle:OF,Short day red; Bank Nifty:47097.55/-216.7/-0.46% Candle:OF,Short day red ; HB:OF,Short day red,1634,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;77;Opt%
OI data Nifty ( max pain W20950M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Zee Entertainment Enterprises to its F&O ban list for December 13, while retaining Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, National Aluminium Company, and SAIL to the said list.
Market wrap up(DWM,T,N,E):he market participants seem to have turned cautious ahead of the FOMC meeting outcome and preferred to take profits off the table on December 12. Overall, the Nifty50 remained rangebound taking support at 20,850-20,800 levels and facing resistance at 21,000-21,100 levels, hence as long as the index holds this immediate support, the rangebound trade may continue and if it trades above 21,000 for a few days, then another leg of the rally can be possible, experts said. On December 12, the BSE Sensex fell 378 points to 69,551, while the Nifty50 declined 91 points to 20,906 and formed a bearish candlestick pattern which somewhat resembles a Bearish Engulfing kind of pattern on the daily charts (not exactly one), the trend reversal pattern. From a technical point of view, “there has been a mere alteration in the price chart for Nifty, but the recent candlestick formations certainly showcased the exhaustion of the bullish strength and might attract price-wise correction post the rally,” As far as levels are concerned, he feels 20,850-20,800 is likely to be seen as immediate support, followed by the bullish gap around 20,700. On the flip side, “21,000-21,040 withholds a significant hurdle, followed by the 21,100 zone,” Nifty is likely to consolidate over the next few trading sessions. Overall, “the trend is positive, and the current dip should be used as a buying opportunity,” The market breadth was in favour of bears, but the broader markets had a mixed trend. About 1,371 equity shares declined against 758 advancing shares on the NSE. The Nifty Midcap 100 index was up 0.4 percent and Smallcap 100 index gained 0.03 percent.
