Nifty:20926.35/19.95/0.1%;Candle:OF,Doji; Bank Nifty:47092.25/-5.3/-0.01% Candle:OF,Doji ; HB:OF,Doji, 1630,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long58%FutCash;4711;Opt98%
OI data Nifty ( max pain W20900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, National Aluminium Company, and Zee Entertainment Enterprises to its F&O ban list for December 14. SAIL was removed from the said list
Market wrap up(DWM,T,N,E):The market smartly recouped losses in the last couple of hours of trade and ended flat with a positive bias on December 13. With the 20,800-20,850 holding as support for the last six days and smart recovery today, the Nifty50 seems to be preparing for a march towards the 21,000-21,100 zone again, amid ongoing consolidation, experts said. On December 13, the BSE Sensex rose 34 points to 69,585, while the Nifty50 gained 20 points to 20,926 and formed a Doji candlestick pattern on the daily charts, indicating indecisiveness among buyers and sellers about the future market trends. “The dip was bought into indicating buying interest at lower levels. The hourly momentum indicator has reached the equilibrium line and is now on the verge of giving a positive crossover indicating that it can start a new cycle on the upside,” On the upside, he feels an immediate hurdle is placed at 21,000-21,050, however, once it closes above that it can witness a quick surge to 21,202-21,447. On the downside, Wednesday’s low of 20,770 is a crucial support from a short-term perspective, Gedia said. Kunal Shah, senior technical & derivative analyst at LKP Securities also feels the overall market sentiment remains bullish, and considering the current levels, traders are advised to initiate fresh long positions. The broader markets also traded strongly with the Nifty Midcap 100 and Smallcap 100 indices rising 0.9 percent each on positive breadth, while the fear index India VIX dropped by 5 percent to 12.07 levels.
Nifty:20906.4/-90.7/-0.43%;Candle:OF,Short day red; Bank Nifty:47097.55/-216.7/-0.46% Candle:OF,Short day red ; HB:OF,Short day red,1634,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;77;Opt%
OI data Nifty ( max pain W20950M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Zee Entertainment Enterprises to its F&O ban list for December 13, while retaining Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, National Aluminium Company, and SAIL to the said list.
Market wrap up(DWM,T,N,E):he market participants seem to have turned cautious ahead of the FOMC meeting outcome and preferred to take profits off the table on December 12. Overall, the Nifty50 remained rangebound taking support at 20,850-20,800 levels and facing resistance at 21,000-21,100 levels, hence as long as the index holds this immediate support, the rangebound trade may continue and if it trades above 21,000 for a few days, then another leg of the rally can be possible, experts said. On December 12, the BSE Sensex fell 378 points to 69,551, while the Nifty50 declined 91 points to 20,906 and formed a bearish candlestick pattern which somewhat resembles a Bearish Engulfing kind of pattern on the daily charts (not exactly one), the trend reversal pattern. From a technical point of view, “there has been a mere alteration in the price chart for Nifty, but the recent candlestick formations certainly showcased the exhaustion of the bullish strength and might attract price-wise correction post the rally,” As far as levels are concerned, he feels 20,850-20,800 is likely to be seen as immediate support, followed by the bullish gap around 20,700. On the flip side, “21,000-21,040 withholds a significant hurdle, followed by the 21,100 zone,” Nifty is likely to consolidate over the next few trading sessions. Overall, “the trend is positive, and the current dip should be used as a buying opportunity,” The market breadth was in favour of bears, but the broader markets had a mixed trend. About 1,371 equity shares declined against 758 advancing shares on the NSE. The Nifty Midcap 100 index was up 0.4 percent and Smallcap 100 index gained 0.03 percent.
Nifty:20997.1/27.7/0.13%;Candle:OF,Doji; Bank Nifty:47314.25/52.25/0.11% Candle:OF,Doji ; HB:OF,Doji,1653
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long57%FutCash;1261;Opt96%
OI data Nifty ( max pain W20900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added India Cements to its F&O ban list for December 12, while retaining Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, National Aluminium Company, and SAIL to the said list. Zee Entertainment Enterprises was removed from the said list.
Market wrap up(DWM,T,N,E):The market made a new record high and closed higher but failed to sustain above the 21,000 mark on the Nifty50 due to profit-taking and rangebound trade on December 11. Experts expect the consolidation to continue as long as the Nifty stays below 21,000 with immediate support at 20,850 but sees the 21,500 mark on the higher side if the index closes firmly above 21,000 in the coming days. On December 11, the benchmark indices started off the week on a positive note, though it was a rangebound session. The BSE Sensex climbed 103 points to 69,929, while the Nifty50 gained 28 points to 20,997 and formed a small-bodied bullish candlestick pattern with upper & lower shadows, which resembles the Spinning Top kind of candlestick pattern on the daily charts, indicating indecisiveness among bulls and bears about the future market trend, though higher highs, higher lows formation continued for the second consecutive session. “This is indicating a narrow range movement in the market for the last three sessions, after a sharp up move of the early part of December,” the overall positive chart pattern of Nifty remains intact and there is a possibility of Nifty continuing its upward journey without showing any major breakdown in the near term. A decisive move above the 21,000 mark could open the next upside target of 21,550, while immediate support is placed at 20,850 levels, The broader markets outperformed frontline indices on positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained 0.7 percent and 0.8 percent respectively.
Nifty:20969.4/68.25/0.33%;Candle:OF,Short day green; Bank Nifty:47262/420/0.9% Candle:OF,Short Day green ; HB:OF,short day green,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long58%FutCash;3632;Opt99%
OI data Nifty ( max pain W20900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
he NSE has added Hindustan Copper to its F&O ban list for December 11, while retaining Balrampur Chini Mills, Delta Corp, Indiabulls Housing Finance, National Aluminium Company, SAIL and Zee Entertainment Enterprises to the said list. India Cements was removed from the said list.
Market wrap up(DWM,T,N,E):After hitting the new milestone of 21,000 mark and having one-way rally in the recent past, the market is expected see some more consolidation and rangebound trade in coming days, with immediate resistance at 21,000-21,100 levels and support at 20,850, followed by 20,700-20,500 levels, experts said, adding that overall tone remains positive as long as the index holds 20,500. On December 8, the benchmark indices saw record closing highs. The BSE Sensex climbed 304 points to 69,826, while the Nifty50 rose 68 points to 20,969 and formed small-bodied bullish candlestick pattern with upper and lower shadows, which resembles High Wave kind of candlestick pattern on the daily charts. “The momentum indicator though is still not in sync, which suggests caution at higher levels. The ideal strategy to trade is to hold on to long positions with a trailing stop-loss mechanism,” On the downside, he feels the crucial support is placed at 20,860 – 20,800 and a dip towards this zone should be used as a buying opportunity as the overall trend is still positive. On the upside, immediate hurdle is placed at 21,060 – 21,100, Despite occasional consolidation, Arvinder Singh Nanda, Senior Vice President at Master Capital Services also feels the momentum remains strong. “Key obstacles are identified at the 21,000-21,100 levels, with a crucial support base at 20,600,” he said. However, the broader markets underperformed the frontline indices and the breadth was in favour of bears. The Nifty Midcap 100 was down 0.2 percent and Smallcap 100 index fell over 1 percent.
Nifty:%;Candle:; Bank Nifty:% Candle:OGU,Short day red ; HB:
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long55%FutCash;;Opt98%
OI data Nifty ( max pain W20850M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added SAIL to its F&O ban list for December 7, while retaining Delta Corp, Indiabulls Housing Finance, India Cements and Zee Entertainment Enterprises to the said list.
Market wrap up(DWM,T,N,E):After a consistent run-up for the last seven consecutive sessions and the formation of a Dragonfly Doji kind of candlestick pattern (indicating the possibility of trend reversal) along with a bearish crossover in hourly charts and increasing volatility, experts expect some kind of consolidation with the index facing resistance at 21,000 mark while taking support at 20,800-20,500 area.On December 5, the BSE Sensex climbed 358 points to 69,654, and the Nifty50 jumped 83 points to 20,938, taking the total seven-day gains to 3,684 points and 1,143 points, respectively. “The bearish formation around the crucial resistance of 21,000 amplifies the bearish sentiment. The support lies at 20,850, below which the market may witness a healthy correction in the short term,” On the other hand, he feels a move above 21,000 might trigger a resumption of the bullish trend. According to Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas, the psychological 21,000 mark can provide some resistance for the Nifty50 over the next few trading sessions. Also, on the hourly charts, the momentum indicator has a negative crossover which indicates a loss of momentum on the upside. Considering the sharp runup in the previous few trading sessions a consolidation is highly likely,” J On the upside, he feels 21,000-21,060 shall act as an immediate hurdle zone and 20,800-20,730 shall act as a crucial support zone. The market breadth largely remained equal on the NSE, while India VIX, which measures the expected volatility for the next 30 days in the Nifty50, rose by 2.09 percent to 13.74, the highest closing level since March 28 this year.
Nifty:20901.5/-36.55/-0.17%;Candle:OF,Doji; Bank Nifty:46841.4/6.85/0.01% Candle:OGD,Doji ; HB:OGD,Doji,1633
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;1564;Opt%
OI data Nifty ( max pain W20900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Balrampur Chini Mills, and National Aluminium Company to its F&O ban list for December 8, while retaining Delta Corp, Indiabulls Housing Finance, India Cements, SAIL and Zee Entertainment Enterprises to the said list.
Market wrap up(DWM,T,N,E):The market finally entered into consolidation mode and saw profit taking on December 7, after significant upward journey in previous seven straight sessions. Hence, the said consolidation may continue for some more days with major support at 20700-20,500 area, as long as the Nifty50 trades below the psychological 21,000-mark, but in case, the index sees sharp upmove above 21,000 mark, then another phase of northward journey may be seen, experts said. On December 7, the BSE Sensex declined 132 points to 69,522, while the Nifty50 fell 37 points to 20,901 and formed bearish candlestick pattern with long lower shadow on the daily scale. Technically, “this pattern indicates a breather pattern for the market post sharp upmoves. After moving up sharply, the market is not willing to show any significant reversal on the downside itself is a positive indication for the market ahead. Such market actions more often seen during strong trended upmoves,” said Nagaraj Shetti, senior technical research analyst, HDFC Securities. Hence, he feels there is a possibility of some more consolidation or minor weakness in the next one or two sessions before resuming decisive upmove again. “Immediate resistance is placed at 20,950 levels and an upside breakout could open the next upside target of 21,550 (78.6 percent Fibonacci extension). Immediate support is at 20,830 levels,” Nagaraj said. The hourly momentum indicator has a negative crossover and is still away from the equilibrium line, hence he expects the consolidation to continue over the next few trading sessions. The broader markets gained a bit of strength compared to consolidation in the past two days, with the Nifty Midcap 100 and Smallcap 100 indices rising six-tenth of a percent and 0.4 percent respectively on positive breadth. About 1,193 shares advanced against declining 933 shares on the NSE. The volatility index, India VIX also trended lower, snapping three-day upmove and closing 7.76 percent lower at 12.67 levels which provided some support to the market.
Nifty:20855.1/168.3/0.81%;Candle:OGU,Doji; Bank Nifty:47012.25/580.85/1.25% Candle:OGU,Doji ; HB:OGU,Short day red,1625,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long49%FutCash;5223;Opt97%
OI data Nifty ( max pain W20700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Delta Corp, Indiabulls Housing Finance, India Cements and Zee Entertainment Enterprises to its F&O ban list for December 6.
Market wrap up(DWM,T,N,E):Given the support-based buying for yet another session with a consistent gap-up opening and formation of higher highs, and higher lows for six days in a row, experts remain positive on the Nifty50 and expect the 21,000 mark in the coming days and holding the same can take the index towards 21,500 mark, with support at 20,700-20,500 area. The momentum indicator RSI (relative strength index) reached to overbought levels (83) on the daily charts, but still showed uptrends on daily, weekly and monthly charts.
On December 5, the BSE Sensex rallied 431 points to 69,296, while the Nifty50 climbed 168 points to 20,855 and formed a bullish candlestick pattern with a long lower shadow on the daily scale. This pattern indicates that the index has seen some profit-taking but has seen buying interest at lower levels.
“The prevailing trend stays positive, supported by the critical moving average. The RSI’s bullish crossover signifies a positive momentum,” Rupak De, senior technical analyst at LKP Securities said.
Towards higher levels, he feels the Nifty faces resistance at 21,000, a zone where significant Call writers have positioned themselves. Conversely, the support is situated at 20,700 on the lower end, he said.
Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas said the hourly momentum indicator has triggered a negative crossover which is a sign of loss of momentum on the upside, but until prices show evidence of a correction, they will continue to ride the up move with a trailing stop-loss mechanism.
On the upside, he feels 21,000 – 21,060 shall act as an immediate hurdle zone and 20,720 – 20,700 shall act as a crucial support zone and should also be kept as a trailing stop-loss for the longs on the index.
India VIX, which measures the expected volatility in the Nifty50 for the next thirty days, climbed for yet another session, closing 3.57 percent higher at 13.46 levels, the highest level in the last more than eight months.
The broader markets did not trade in line with the benchmarks and the breadth was also in favour of bears, which is cause for concern. The Nifty Midcap 100 and Smallcap 100 indices are 0.5 percent and 0.1 percent respectively.
Nifty:%;Candle:OF,; Bank Nifty:% Candle:OGU, ; HB:OGU,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long36%FutCash;8148;Opt88%
OI data Nifty ( max pain W20100M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Market wrap up(DWM,T,N,E):The trading volume on the expiry day was significantly higher, with the highest-ever single-day buying by FIIs since March 2 this year, which is another positive sign. “The sentiment remains strong as long as it stays above 20,000 since the Put writers at the 20,000 strike will defend this level moving forward,” the sentiment might weaken only if there’s a drop below 20,000; until then, the buy-on-dips strategy is likely to stay prevalent. On the higher side, “20,200-20,230 acts as a resistance zone. If breached, the index could potentially move towards 20,450-20,500,” The broader markets also continued the uptrend, but the breadth was not very strong yet. The Nifty Midcap 100 and Smallcap 100 indices gained 0.7 percent and 1.1 percent, respectively.
