Nifty:21441.35/91.95/0.43%;Candle:OF,Short day green; Bank Nifty:47724.85/233/0.49% Candle:OF,Doji ; HB:OF,Short day green,1683,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long64%FutCash;-95;Opt100%
OI data Nifty ( max pain W21350M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added RBL Bank to its F&O ban list for December 27, while retaining Balrampur Chini Mills, Delta Corp, Hindustan Copper, and National Aluminium Company on the list. Ashok Leyland, India Cements, and SAIL were removed from the list.
Market wrap up(DWM,T,N,E):The market is expected to remain rangebound with a positive bias with the Nifty 50 facing hurdle at 21,500-21,600 on the higher side, and taking support at 21,200-21,000 levels in coming sessions, while the volume is expected to be low given the holiday period, experts said. The benchmark indices continued their upward momentum for three days in a row. On December 26, the BSE Sensex climbed 230 points to 71,337, while the Nifty 50 was up 92 points at 21,441 and formed a bullish candlestick pattern on the daily charts with higher highs and higher low formation for yet another session. Overall, the Nifty has now retraced a good portion of the significant losses seen last Wednesday (December 20). “The 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 21,329-21,232,” “As we approach the close across various time-frames, the prevailing sentiment is optimistic,” he said, adding, however, considering the smaller size of the recent candles compared to the significant bearish one from last Wednesday, some caution is advised. The next few sessions could be crucial, especially with the year-end approaching, and it might be prudent for investors to secure timely profits before the start of the new calendar year, he advised. The India VIX, known as the fear indicator, rose 7.08 percent to 14.68, giving some discomfort to the bulls.
