Nifty:21182.7/256.35/1.23%;Candle:OGU,Doji; Bank Nifty:47732.3/640.05/1.36% Candle:OGU,Doji ; HB:OGU,`1652,Doji
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long57%FutCash;3570;Opt97%
OI data Nifty ( max pain W21150M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Manappuram Finance and SAIL to its F&O ban list for December 15, while retaining Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, and Zee Entertainment Enterprises to the said list. National Aluminium Company was removed from the said list.
Market wrap up(DWM,T,N,E):he market made a remarkable journey on December 14, coming back strongly after six-day consolidation and climbed to a new high on the benchmark indices as well as Bank Nifty. Given the strong momentum and holding 20,850 as a strong support in the past six days on closing basis, the Nifty50 is likely march towards 21,400-21,500 levels in coming sessions with sector rotation support, experts said. On December 14, the BSE Sensex hit 70,500 levels for the first time, rising 930 points to 70,514 after dovish commentary by the Federal Chair Jerome Powell, while the Nifty 50 hit a new high of 21,211 and closed at new all-time high of 21,183, up 256 points. The index has formed bullish candlestick pattern on the daily charts, after strong gap up opening. On December 14, the BSE Sensex hit 70,500 levels for the first time, rising 930 points to 70,514 after dovish commentary by the Federal Chair Jerome Powell, while the Nifty 50 hit a new high of 21,211 and closed at new all-time high of 21,183, up 256 points. The index has formed bullish candlestick pattern on the daily charts, after strong gap up opening. After the formation of long legged Doji type candle pattern on Wednesday, the market seems to have witnessed a decisive upside breakout on Thursday. The significant opening upside gap of recent session remains intact. If Thursday’s upside gap doesn’t get filled in the next 2-3 sessions, then one may presume Nifty in a middle of a sharp uptrend,” Normally, such unfilled crucial upside gaps middle of uptrend are considered as a bullish runaway gaps. He believes there is a possibility of Nifty reaching towards the important resistance of 21,550 levels-78.6 percent Fibonacci extension (taken from March bottom, September top and October bottom) in the coming week. “Immediate support is placed at 21,050 levels. Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas, also feels the momentum setup also suggests continuation of the current upmove. Thus, both price and momentum are suggesting continuation of the current upmove, The broader markets continued northward journey with the Nifty Midcap 100 and Smallcap 100 indices rising 1.3 percent and 0.9 percent. respectively. The broader markets continued northward journey with the Nifty Midcap 100 and Smallcap 100 indices rising 1.3 percent and 0.9 percent. respectively.
