Nifty:21349.4/94.35/0.44%;Candle:OGU,Doji; Bank Nifty:47491.85/-348/-0.73% Candle:OF,Short day red, ; HB:OF,Short day red,1667,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long65%FutCash;-2829;Opt96%
OI data Nifty ( max pain W21250M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added National Aluminium Company to its F&O ban list for December 26, while retaining Ashok Leyland, Balrampur Chini Mills, Delta Corp, Hindustan Copper, India Cements, and SAIL in the list. Manappuram Finance, and RBL Bank were removed from the list.
Market wrap up(DWM,T,N,E):The market is expected to be rangebound in the last week of the current calendar year with Nifty 50 facing resistance in the zone of 21,500-21,600, and taking immediate support at 21,300-21,200 levels. Clearance of 21,600 decisively can take the index towards 21,800 levels, while the breaking of the said support can drag it towards 21,000 levels, experts said. On December 22, the benchmark indices extended gains for second consecutive session after sharp fall in middle of the week. The BSE Sensex rallied 242 points to 71,107, while the Nifty 50 jumped 94 points to 21,349 and formed bullish candlestick pattern on the daily charts with slightly better volumes than previous day. The higher high, higher low formation was also seen. “On the daily chart, the Nifty has retraced a good portion of the losses seen on Wednesday. Nifty would need to cross the recent highs of 21,593 to reverse the current downtrend. Crucial supports to watch for re-emergence of weakness are at 21,232,” “Sustaining above 21,300 could pave the way for further upside momentum, targeting the 21,500 levels.” The broader markets also traded higher with the Nifty Midcap 100 and Smallcap 100 indices rising 0.7 percent and 1 percent respectively.
