Nifty:21255.05/104.9/0.5%;Candle:OGD,Long day green; Bank Nifty:47840.15/394.85/0.83% Candle:OGD,Long day green ; HB:OGD,Long day green,1687,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long67%FutCash;-1636;Opt97%
OI data Nifty ( max pain W21100M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:The NSE has added Hindustan Copper to its F&O ban list for December 22, while retaining Ashok Leyland, Balrampur Chini Mills, Delta Corp, India Cements, Manappuram Finance, RBL Bank and SAIL in the list. Indus Towers, National Aluminium Company and Piramal Enterprises were removed from the list.
The NSE has added Hindustan Copper to its F&O ban list for December 22, while retaining Ashok Leyland, Balrampur Chini Mills, Delta Corp, India Cements, Manappuram Finance, RBL Bank and SAIL in the list. Indus Towers, National Aluminium Company and Piramal Enterprises were removed from the list.
Market wrap up(DWM,T,N,E):The market rebounded smartly and held on to the psychological 21,000 mark at close on December 21. Going ahead, the current ongoing consolidation is expected to continue with near-term support at around 21,000, if the index closes below the same then a sharp correction can be seen, while on the higher side, 21,593 — the record high — is likely to be a key hurdle as the decisive crossing of the same can start another leg of the rally, On December 21, the BSE Sensex climbed 359 points to 70,865, while the Nifty 50 rose 105 points to 21,255 and formed a bullish candlestick pattern on the daily charts, though there was a lower high, lower low formation. “On the daily chart, while the Nifty has bounced back sharply and retraced some of the losses seen in the previous session, the short-term trend remains down,” Momentum readings like the 14-day RSI (relative strength index), too, remain in decline mode and declining sharply from overbought levels on December 20. This is a negative signal for the near term, and it also implies that the Nifty remains in a short-term downtrend, the Nifty would need to cross the recent high of 21,593 to reverse the current downtrend. “Crucial supports to watch for re-emergence of weakness are at 20,976,” The overall market breadth remained strong and indicates a firm market, as three shares advanced for every share falling on the NSE. “But Nifty still needs to surpass key levels for a continuation of the momentum. The immediate support for Nifty is placed around 21,000-20,950, while resistances are seen around 21,360 followed by the 21,500-21,600 zone,” The broader markets have also seen a rebound after a more than 3 percent correction in the previous session. The Nifty Midcap 100 and Smallcap 100 indices gained 1.7 percent
