Nifty:21150.15/-302.95/-1.41%;Candle:OGU,Long day red; Bank Nifty:47445.3/-425.6/-0.89% Candle:OGU,Long day red, ; HB:OGU,Long day red,1657,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long65%FutCash;-1322;Opt96%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Ashok Leyland, and India Cements to its F&O ban list for December 21, while retaining Balrampur Chini Mills, Delta Corp, Indus Towers, Manappuram Finance, National Aluminium Company, Piramal Enterprises, RBL Bank, and SAIL in the list. Zee Entertainment Enterprises and IRCTC were removed from the said list.
Market wrap up(DWM,T,N,E):The market finally caught into the much-awaited major profit booking and lost more than 400 points from its record high touched in the morning session on December 20 despite the positive mood at global counterparts. The Nifty50 is likely to take support at around the psychological 21,000 mark in the profit booking, and 20,800 is expected to be a crucial support area, whereas it may face resistance at the 21,200-21,400 zone and 21,600 seems to be the top for the time being, expert said, adding overall, the market sentiment is still positive and remained consolidative unless it decisively breaks 20-day EMA (exponential moving average which is nearly 400 points away from Wednesday’s closing). On December 20, the BSE Sensex fell 931 points or 1.3 percent to 70,506, while the Nifty50 tanked 303 points or 1.4 percent and formed a large bearish candlestick pattern on the daily charts, in fact engulfing all the previous three candles. “Momentum readings like the 14-day RSI (relative strength index) too have declined sharply from overbought levels indicating a loss of momentum. This is a negative signal for the near term and it also implies that the Nifty has now entered into a short-term downtrend,” the Nifty could play down towards the next major supports at the 21,026-20,769 level in the coming sessions. Any pullback rallies could find resistance at 21,325, The broader markets hit badly with negative breadth. The Nifty Midcap 100 and Smallcap 100 indices corrected 3.3 percent and 3.6 percent, respectively. The fear index, India VIX also jumped further, rising 4.20 percent to 14.45, from 13.87 levels, which made the bulls uncomfortable at higher levels.
