Nifty:21453.1/34.45/0.16%;Candle:OF,Doji; Bank Nifty:47870.9/3.2/0.01% Candle:OF,Doji ; HB:OF,Doji,1651,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long62%FutCash;-601;Opt96%
OI data Nifty ( max pain W21400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Delta Corp, Indus Towers, IRCTC, Piramal Enterprises, and RBL Bank, to its F&O ban list for December 20, while retaining Balrampur Chini Mills, Manappuram Finance, National Aluminium Company, SAIL and Zee Entertainment Enterprises in the said list. Hindustan Copper and India Cements were removed from the said list.
Market wrap up(DWM,T,N,E):The Nifty 50 surpassed the much-awaited 21,500 mark for the first time on December 19, but could not sustain above the same. This is expected to remain as a key resistance area for the index going forward as sustaining above the same can be a start for another leg of upward momentum in coming sessions, below the same consolidation can be seen and 22,300-22,200 can remain good support for the index, experts said. On December 19, the rebound in the afternoon after correction in the morning session helped the market close moderately higher. The BSE Sensex rose 122 points to 71,437, while the Nifty 50 advanced 34 points to 21,453 and formed a small-bodied Bearish candlestick pattern with a long lower shadow on the daily charts, indicating the support is being held and the buying interest at lower levels. “Nifty continues to remain in a bullish trend and holding longs with trailing stop loss is the ideal strategy,” feels 5-day EMA (exponential moving average) is placed near 21,300 and the same is expected to act as a support going forward.Resistance for the Nifty is expected in the zone of 21,500-21,600, where Calls are written on the derivative side, he said. the bullish trend is expected to persist as long as the index stays above 21,350 consistently, which has been held in the recent past. On the upper side, “definitive breakthrough above 21,500 could potentially initiate a substantial market rally; until then, consolidation appears probable,” However, the Nifty Midcap 100 and Smallcap 100 indices witnessed profit booking at higher levels, falling 0.38 percent and 0.12 percent, respectively.
