• Nik, Dj, Vix
• Oil,  Gold, Bonds, Dollar,
• Nifty:21725.7/203.6/0.95%;Candle:OGU,Longday green; Bank Nifty:45996.8/629.05/1.39% Candle:OGU,Long day green ; HB:OGU,Doji,1463,
• Nifty :Supp Rest
• Banknifty:Supp Rest .
• Gift Nifty:%     FII Long30%FutCash;1661;Opt88%
• OI data Nifty  ( max pain W21650M)
• OI data Bank Nifty Nifty(max pain W M)
• News:
• Events/Results:
• Titan Company, Adani Enterprises, Adani Ports and Special Economic Zone, AAVAS Financiers, Abbott India, Aditya Birla Capital, Bata India, City Union Bank, Deepak Fertilisers, eClerx Services, Indian Hotels Company, India Cements and Dr Lal PathLabs will be in focus ahead of quarterly earnings on February 1.
• The NSE has added SAIL to the F&O ban list for February 1, while retaining Zee Entertainment Enterprises to the said list.
• Market wrap up(DWM,T,N,E):Technically the market turned strong ahead of budget day and recouped most of the previous day’s losses to close above the 21,700 mark on January 31. Hence, in the coming session, the index may face resistance at the 21,800-21,850 area and if it closes above 21,850 and sustains then 22,000 can be a possibility with support at 21,500-21,400 levels, experts said. On January 31, the BSE Sensex rallied 612 points to 71,752, while the Nifty 50 jumped 204 points to 21,726 and formed a long bullish candlestick pattern on the daily charts with healthy volumes. “Analyzing the chart reveals a trading range between 21,850 on the higher side and 21,400 on the lower side, with 21,200 serving as a key support. Both levels have been staunchly defended, but there is a likelihood that one zone may be breached, leading to a trending move in early February,” He expects heightened volatility on budget day and advised traders to exercise caution, avoiding undue risks and waiting for the market to stabilise before making aggressive moves. Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas also feels considering the event of an Interim Budget, the volatility is likely to continue. “Key support levels are 21,550-21,500, while immediate hurdle zone is placed at 21,850-21,900,” Gedia said. The broader markets also traded higher and outperformed benchmarks as the Nifty Midcap 100 and Smallcap 100 indices rallied 1.6 percent and 2.25 percent, respectively.

• Nik, Dj, Vix
• Oil,  Gold, Bonds, Dollar,
• Nifty:21522.1/-215.5/-0.99%;Candle:OF,Long day red; Bank Nifty:45367.75/-74.6/-0.16% Candle:OF,Short day red ; HB:OF,1449.doji
• Nifty :Supp Rest
• Banknifty:Supp Rest .
• Gift Nifty:%     FII Long24%FutCash;-1971;Opt90%
• OI data Nifty  ( max pain W21600M)
• OI data Bank Nifty Nifty(max pain W M)
• News:
• Events/Results:Maruti Suzuki India, Sun Pharmaceutical Industries, Shree Cement, Ambuja Cements, Bank of Baroda, Dabur India, Amara Raja Energy & Mobility, Adani Wilmar, Balaji Amines, Dixon Technologies, Fino Payments Bank, GMR Airports Infrastructure, Godrej Consumer Products, IRB Infrastructure Developers, Jindal Steel & Power, Jubilant FoodWorks, Jyothy Labs, Kalyan Jewellers India, Mankind Pharma, PVR Inox, and Suzlon Energy will be in focus ahead of December quarter earnings on January 31.
• The NSE has added Zee Entertainment Enterprises to the F&O ban list for January 31.
• Market wrap up(DWM,T,N,E): With the formation of Dark-Cloud-Cover pattern and bearish reversal pattern on the daily charts, the bears seem to be in action mode but overall, the market turned rangebound ahead of couple of key events (FOMC meet outcome and interim budget) as the Nifty 50 may take support at 21,400-21,300 area in case of further correction and on the higher side, it may face resistance at 21,700-21,800 zone, experts said. On January 30, the BSE Sensex dropped 802 points to 71,140 points, while the Nifty 50 declined 216 points to 21,522, after hitting the hurdle of 21,800. Technically, “the formation of Dark-Cloud-Cover pattern signals some more weaknesses for the short term,” said Nagaraj Shetti, senior technical research analyst at HDFC Securities. He expects present weakness to be a buy-on-dips opportunity. “The market could be waiting for the clear direction ahead of key economic event of Union Budget 2024 on February 1. Immediate support is placed at 21,420 levels,” he said. During the day, prices encountered resistance around the 61.8 percent retracement level of the recent decline (between 22,124 and 21,137), placed around 21,750-21,800. “This level holds significant technical importance, and any upward movement towards it is likely to face selling pressure before the key budget announcement. A sustained trade beyond 21,750-21,800 could potentially shift the balance in favour of the bulls, opening the door to levels between 21,950 and 22,100,” The volatility climbed above 16 mark (ahead of key events) for the first time since March 16 last year, which seems to have created discomfort for bulls. The India VIX, a fear index, rose 3.65 percent to 16.10, from 15.68 level.

• Nik, Dj, Vix
• Oil,  Gold, Bonds, Dollar,
• Nifty:21737.6/385/1.8%;Candle:OGU,Long day green; Bank Nifty:45442.35/576.2/1.28% Candle:OGU,Short day green ; HB:OGU,Short day green,1457
• Nifty :Supp Rest
• Banknifty:Supp Rest .
• Gift Nifty:%     FII Long24%FutCash;110;Opt95%
• OI data Nifty  ( max pain W21600M)
• OI data Bank Nifty Nifty(max pain W M)
• News:
• Events/Results:Larsen & Toubro, Dr Reddy’s Laboratories, Bajaj Finserv, PB Fintech, Arvind, Astral, Adani Total Gas, Blue Star, Cochin Shipyard, Coromandel International, Gillette India, KEC International, KPIT Technologies, Mahindra & Mahindra Financial Services, Piramal Pharma, Keystone Realtors, Star Health and Allied Insurance Company, Symphony, Triveni Engineering & Industries, VIP Industries and Voltas will be in focus ahead of December FY24 quarter earnings on January 30.
• The NSE has not added any stock to the F&O ban list for January 30.
• Market wrap up(DWM,T,N,E):

Technically, the market looked strong and seems to be negating lower highs, lower lows formation on the daily charts in the coming sessions. The index seems to be surpassing 21,750 and is likely to march towards 21,850-21,900 levels given the momentum in coming sessions, with support at 21,600-21,500 levels, experts said. They added that the Bank Nifty seems to have bottomed out last week with a strong bounce from the 200-day EMA (exponential moving average). On January 29, the market started off the February series on a strong note as the Nifty50 jumped 385 points or 1.8 percent to 21,738 and formed a long bullish candlestick pattern on the daily charts, indicating the bullish reversal trend in the market. Shrikant Chouhan, head-equity research at Kotak Securities is of the view that the current market texture is bullish but due to temporary overbought conditions, he could see some rangebound action soon. 21,650-21,600 would act as key support zones while 21,850-21,900 could be the immediate resistance areas. However, below 21,600, the uptrend would be vulnerable,” he said. Now, the index has retraced 61.8 percent of the recent correction in a single trading day. The RSI oscillator on the hourly charts is indicating a positive momentum but it’s yet to give a positive crossover on the daily chart. A close above 21,900 could confirm a resumption of the uptrend, while on the lower side, 21,570-21,500 would be seen as the immediate support from a very short-term perspective,” Ruchit Jain, lead research at 5paisa.com said. The BSE Sensex climbed 1.8 percent or 1,241 points to 71,942. The broader markets also joined the rally as the Nifty Midcap 100 and Smallcap 100 indices gained 1.6 percent and 1.5 percent, respectively, while the India VIX jumped 13.09 percent to 15.68 levels

• Nik, Dj, Vix
• Oil,  Gold, Bonds, Dollar,
• Nifty:21352.6/-101.35/-0.47%;Candle:OF,Short day red; Bank Nifty:44866.15/-216.25/-0.48% Candle:OF,Doji ; HB:OF,Doji
• Nifty :Supp Rest
• Banknifty:Supp Rest .
• Gift Nifty:%     FII Long22%FutCash;-2144;Opt89%
• OI data Nifty  ( max pain W21300M)
• OI data Bank Nifty Nifty(max pain W M)
• News:
• Events/Results:ITC, Bajaj Finance, NTPC, GAIL (India), Bharat Petroleum Corporation, Vodafone Idea, Aditya Birla Sun Life AMC, Adani Green Energy, Marico, Bharat Electronics, CSB Bank, Mahindra Logistics, Muthoot Microfin, Nippon Life India Asset Management, Nuvoco Vistas Corporation, Piramal Enterprises, Petronet LNG, Restaurant Brands Asia, R R Kabel, and UTI  AMC will be in focus ahead of quarterly earnings on January 29.
• Market wrap up(DWM,T,N,E):The market sentiments seem to be in favour of bears given the lower highs, lower lows formation on the daily charts and the negating higher highs formation for the first time in the last 12 consecutive weeks with the formation of a long bearish candlestick pattern on the weekly charts for yet another week ending January 25, the monthly expiry day for January futures & options contracts. Hence, in the coming days, 21,100, the low of last week is expected to be a key support area for the Nifty 50 and below the same, the index may try hard to take support at the psychological 21,000 mark, whereas, on the higher side, 21,400 is an immediate resistance, followed by 21,500, the crucial hurdle, experts said. On January 25, the BSE Sensex fell 360 points to 70,701, while the Nifty 50 was down 101 points at 21,353 and for the week it declined 1 percent. According to Rupak De, senior technical analyst at LKP Securities, the sentiment may continue to lean towards the bears as the Nifty struggled to surpass the 21,500 mark, where Call writers held substantial positions. Nevertheless, a decisive breakthrough above 21,500 could propel the index towards 21,700/22,000 in the short term, he said.

• Nik, Dj, Vix
• Oil,  Gold, Bonds, Dollar,
• Nifty:21453.95/215.15/1.01%;Candle:OGD,Long day green; Bank Nifty:45082.4/67.35/0.15% Candle:OGD,Long day green ; HB:OGD,Long day green,1457,
• Nifty :Supp Rest
• Banknifty:Supp Rest .
• Gift Nifty:%     FII Long48%FutCash;-6935;Opt97%
• OI data Nifty  ( max pain W21450M)
• OI data Bank Nifty Nifty(max pain W M)
• News:
• Events/Results:
• JSW Steel, Punjab National Bank, ACC, Adani Power, SBI Cards and Payment Services, SBI Life Insurance Company, Tata Technologies, Vedanta, Hindustan Petroleum Corporation, AU Small Finance Bank, Cholamandalam Investment and Finance Company, Cyient, Equitas Small Finance Bank, Indian Energy Exchange, Indraprastha Gas, and Syngene International will be in focus ahead of quarterly earnings on January 25.
• Yes Bank, Macrotech Developers, APL Apollo Tubes, Bhansali Engineering Polymers, Capri Global Capital, Craftsman Automation, Dodla Dairy, Olectra Greentech, Utkarsh Small Finance Bank, and Zen Technologies will release quarterly earnings on January 27.
• The NSE has added Zee Entertainment Enterprises to the F&O ban list for January 25. Balrampur Chini Mills, IRCTC, National Aluminium Company, Oracle Financial Services Software, and RBL Bank were removed from the said list.
• Market wrap up(DWM,T,N,E):The market rebounded smartly in afternoon trade on January 24, led by short covering and faced strong resistance at 21,500 mark (which coincides with 21-day EMA), which experts expect to be a key to watch on the monthly expiry day for January futures & options contracts on January 25. If the index decisively closes above 21,500, then 21,700 can be the possibility, with immediate support at 21,300-21,200 area, experts said. On January 24, the BSE Sensex jumped 690 points to 71,060, while the Nifty 50 was up 215 points at 21,454 and formed long bullish candlestick pattern on the daily charts. Nagaraj Shetti, senior technical research analyst at HDFC Securities, feels the short-term trend of Nifty seems to have reversed up, but the uncertainty remains in the market at the highs , “The market could encounter strong resistance around 21,500-21,600 levels in the coming session. Immediate support is at 21,220 levels,”  The negative chart pattern like lower tops and bottoms is intact and the Nifty is currently moving up towards the formation of new lower top of the sequence (which is yet to be formed at the highs). Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas, too, expects Nifty to face resistance in zone 21,500 – 21,520 where the key hourly moving averages are placed. “Traders should look for signs of weakness around the resistance zone before initiating shorts as there is a possibility of a deeper retracement till 21,780 – 21,800 where the hourly upper Bollinger band is placed. The hourly momentum indicator has triggered a positive crossover which is a buy signal. Thus, price and momentum indicator are providing divergent signals which can lead to high intraday volatility,” he said. The broader markets also bounced back after around three percent loss in previous session. The Nifty Midcap 100 and Smallcap 100 indices gained 1.8 percent and 1.7 percent, respectively.

• Nik, Dj, Vix
• Oil,  Gold, Bonds, Dollar,
• Nifty:21238.8/-333/-1.54%;Candle:OGU,Long day red; Bank Nifty:45015.05/-1043.15/2.26% Candle:OGU,Long day red ; HB:OGU,Long day red,1430,
• Nifty :Supp Rest
• Banknifty:Supp Rest .
• Gift Nifty:%     FII Long47%FutCash;-3115;Opt97%
• OI data Nifty  ( max pain W21350M)
• OI data Bank Nifty Nifty(max pain W M)
• News:
• Events/Results:Bajaj Auto, Tata Steel, Tech Mahindra, TVS Motor Company, Canara Bank, DLF, Indian Oil Corporation, Aarti Drugs, Balkrishna Industries, Bharat Dynamics, CARE Ratings, Container Corporation of India, Dalmia Bharat, DCB Bank, Exide Industries, Indian Bank, Motilal Oswal Financial Services, PNB Housing Finance, RailTel Corporation of India, UCO Bank, and Ujjivan Small Finance Bank will be in focus ahead of quarterly earnings on January 24.
• A total of 5 stocks are in the F&O ban list for January 24. The NSE has retained Balrampur Chini Mills, IRCTC, National Aluminium Company, Oracle Financial Services Software, and RBL Bank to the said list. Aditya Birla Fashion & Retail, Delta Corp, Indian Energy Exchange, Polycab India, SAIL and Zee Entertainment Enterprises were removed from the said list.
• Market wrap up(DWM,T,N,E):After a severe correction of 1.5 percent on January 23, the market may make an attempt to bounce back in the coming session, but sustaining of higher levels is a key to watch out given the bears being in a strong position and the continuity of lower highs, lower lows formation on the daily charts. Hence, in case of bounce back, 21,300-21,500 are the levels to watch, whereas 21,200 may act as an immediate support followed by 21,000 as a key support, experts said. On January 23, the BSE Sensex plunged 1,053 points to 70,371, while the Nifty 50 tanked 333 points to 21,239 and formed a big bearish candlestick pattern on the daily charts with strong volumes. This was a confirmation to bearish trend reversal as the index had formed Bearish Engulfing kind of candlestick pattern on the daily charts in previous session.
• On January 23, the BSE Sensex plunged 1,053 points to 70,371, while the Nifty 50 tanked 333 points to 21,239 and formed a big bearish candlestick pattern on the daily charts with strong volumes. This was a confirmation to bearish trend reversal as the index had formed Bearish Engulfing kind of candlestick pattern on the daily charts in previous session.
• Most sectors, barring pharma and healthcare, caught in bear trap. “Currently, bears are firmly in control, as any minor bounce-back is met with selling pressure. When viewed on a larger scale, a ‘Head and Shoulders’ formation, further confirming a bearish trend, is evident. This scenario does not bode well for the bulls and suggests potential challenges in the near term,” said Rajesh Bhosale, technical analyst at Angel One. He feels the critical support to monitor before the monthly expiry is anticipated around the psychological 21,000 level, coinciding with the key 50-SMA (simple moving average). Considering the above-mentioned pattern target, the Nifty may decline towards levels between 20,800 and 20,600 in the near term, he said. On the flip side, he feels any minor recovery is likely to face resistance around the 21,400-21,550 levels. Rupak De, senior technical analyst, LKP Securities, too feels, looking ahead, the market may continue to be a “sell on rise” scenario as long as it remains below 21,500. The broader markets fell more than the benchmarks as the Nifty Midcap 100 and Smallcap 100 indices corrected around 3 percent each on disappointing breadth. About six shares declined against one rising share on the NSE.

• Nik, Dj, Vix
• Oil,  Gold, Bonds, Dollar,
• Nifty:21571.8/-50.6/-0.23%;Candle:OGU,Short day red; Bank Nifty:46058.2/357.05/0.78% Candle:OGU,Short day green ; HB:OGU,Short day green,1487,
• Nifty :Supp Rest
• Banknifty:Supp Rest .
• Gift Nifty:%     FII Long46%FutCash;-546;Opt93%
• OI data Nifty  ( max pain W21600M)
• OI data Bank Nifty Nifty(max pain W M)
• News:A total of 11 stocks are in the F&O ban list for January 23. The NSE has added IRCTC to the said list while retaining Aditya Birla Fashion & Retail, Balrampur Chini Mills, Delta Corp, Indian Energy Exchange, National Aluminium Company, Oracle Financial Services Software, Polycab India, RBL Bank, SAIL and Zee Entertainment Enterprises to the said list. Hindustan Copper was removed from the said list.
• Events/Results:Axis Bank, Indus Towers, JSW Energy, L&T Finance Holdings, Havells India, Karnataka Bank, Mahanagar Gas, REC, Tata Elxsi, United Spirits, CG Power and Industrial Solutions, Cyient DLM, Gandhar Oil Refinery, Glenmark Life Sciences, Granules India, ICRA, Pidilite Industries, Hitachi Energy India, Rallis India, Sona BLW Precision Forgings, Tanla Platforms, and Ugro Capital will release their quarterly earnings on January 23.
• Market wrap up(DWM,T,N,E):Technically, the Nifty 50 is expected to be choppy in the short term with crucial hurdle on the higher at 21,850 and the support at 21,300, the low of this month. Hence, if the index breaks either side of this range, then the directional move can be seen in coming days, experts said. On January 20, the additional trading session of the week, the BSE Sensex fell 260 points to 71,424, while the Nifty 50 was down 51 points to 21,572 and formed bearish candlestick pattern which resembles Bearish Engulfing kind of pattern on the daily charts, indicating the possibility of increase in bearish activity. Nifty on the weekly chart closed with the formation of long bear candle, which is also indicating a formation of Bearish Engulfing pattern (not a classical one) on the weekly chart. The index was down 1.5 percent for the week. Hence, “such bearish formation after a long time on the long-term chart signals an emergence of selling pressure in the market at the new highs,” Nagaraj Shetti, senior technical research analyst at HDFC Securities said. He feels the short-term trend of Nifty remains choppy. “Having faced weakness after a small rise on Saturday signal weak bias for the market ahead.” At the higher levels, he feels the market could encounter strong overhead resistance around 21,750-21,850 levels and on the downside could find support around 21,300 levels in the near term. But, Rohit Srivastava, Founder of Strike Money Analytics and Indiacharts, looks bearish after the breaking of previous pattern of higher highs and lows. He feels the uptrend has halted. “We must consider the idea that the rally from the October low is over and a correction is setting in.”

• Nik, Dj, Vix
• Oil,  Gold, Bonds, Dollar,
• Nifty:21622.4/160.15/0.75%;Candle:OGU,Short day green,; Bank Nifty:45701.15/-12.4/-0.03% Candle:OGU,Short day red ; HB:OGU,Short day red,1484,
• Nifty :Supp Rest
• Banknifty:Supp Rest .
• Gift Nifty:%     FII Long47%FutCash;-3689;Opt91%
• OI data Nifty  ( max pain W21600M)
• OI data Bank Nifty Nifty(max pain W M)
• News:
• Events/Results:
  ICICI Bank, Kotak Mahindra Bank, Union Bank of India, IDBI Bank, IDFC First Bank, Indian Renewable Energy Development Agency, Persistent Systems, Aarti Surfactants, Can Fin Homes, Jammu & Kashmir Bank, JK Cement, LKP Securities, Rossari Biotech, Seshasayee Paper & Boards, Sportking India, Tatva Chintan Pharma Chem, and Waaree Renewable Technologies will be in focus ahead of quarterly earnings on January 20.
• A total of 11 stocks are in the F&O ban list for January 20. The NSE has added Oracle Financial Services Software, and RBL Bank to the said list while retaining Aditya Birla Fashion & Retail, Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indian Energy Exchange, National Aluminium Company, Polycab India, SAIL and Zee Entertainment Enterprises to the said list. Ashok Leyland, Bandhan Bank, Metropolis Healthcare, and PVR INOX were removed from the said list.
• Market wrap up(DWM,T,N,E):The market has rebounded after three days of correction, but is overall expected to consolidate unless and until it gives decisive close above 21,800 area on the higher side and 21,300 on the lower side in the near term. In the coming session, 21,700 is expected to be an immediate resistance for the Nifty 50, with a key support at 21,550-21,500 levels given the volatility and unstable Bank Nifty due to HDFC Bank. On January 19, the BSE Sensex jumped 496 points to 71,683, while the Nifty 50 climbed 160 points to 21,622 and formed Doji kind of candlestick pattern on the daily charts.
  BSE and NSE will hold normal trading session on January 20 while January 22 has been declared as a trading holiday. “The Nifty 50 is likely to consolidate within the bands of 21,500 and 21700. A decisive breakout on either side would confirm a directional move,”  The index negated the formation of higher lows of the last two sessions. “Now it has to hold above 21,550 area for an up move towards 21,750 and 21,850 zones, while on the downside support exists at 21,500 and 21,400 zones,”  The broader markets reported strong performance with healthy breadth. The Nifty Midcap 100 and Smallcap 100 indices rallied 1.5 percent and 1.1 percent respectively, while more than two shares advanced against one declining share on the NSE.

• Nik, Dj, Vix
• Oil,  Gold, Bonds, Dollar,
• Nifty:21462.25/-109.7/-0.51%;Candle:OGD,Doji; Bank Nifty:45713.55/-350.9/-0.76% Candle:OGD,Short day geen ; HB:OGD,Doji,1490,
• Nifty :Supp Rest
• Banknifty:Supp Rest .
• Gift Nifty:%     FII Long49%FutCash;-9901;Opt89%
• OI data Nifty  ( max pain W21500M)
• OI data Bank Nifty Nifty(max pain W M)
• News:
• Events/Results:
• Reliance Industries, Hindustan Unilever, UltraTech Cement, One 97 Communications (Paytm), RBL Bank, Hindustan Zinc, Atul, Central Bank of India, CESC, CreditAccess Grameen, Hatsun Agro Product, HT Media, Sunteck Realty, Tejas Networks, and Websol Energy System will be in focus ahead of quarterly earnings on January 19.
• ICICI Bank, Kotak Mahindra Bank, Union Bank of India, IDBI Bank, IDFC First Bank, Indian Renewable Energy Development Agency, Persistent Systems, Aarti Surfactants, Can Fin Homes, Jammu & Kashmir Bank, JK Cement, LKP Securities, Rossari Biotech, Seshasayee Paper & Boards, Sportking India, Tatva Chintan Pharma Chem, and Waaree Renewable Technologies will be in focus ahead of quarterly earnings on January 20.
• A total of 13 stocks are in the F&O ban list for January 19. The NSE has added Balrampur Chini Mills to the said list while retaining Aditya Birla Fashion & Retail, Ashok Leyland, Bandhan Bank, Delta Corp, Hindustan Copper, Indian Energy Exchange, Metropolis Healthcare, National Aluminium Company, Polycab India, PVR INOX, SAIL and Zee Entertainment Enterprises to the said list. Chambal Fertilisers & Chemicals was removed from the said list.
• Market wrap up(DWM,T,N,E):After falling more than 800 points from its record high, the Nifty 50 showed around 177 points recovery from day’s low of around 21,286 and closed with half a percent loss on January 18. If the index recovers further, then 21,550 is expected to be an immediate resistance, followed by 21,650-21,700 levels, while the immediate support is likely to be at 21,400, followed by 21,300 mark, experts said. On January 18, the BSE Sensex declined 314 points to 71,187, while the Nifty 50 was down 110 points at 21,462 and formed High Wave kind of candlestick pattern on the daily charts, indicating the volatility. The Nifty slipped below the rising trendline on the daily chart, suggesting a bearish trend reversal. Besides, the index has fallen below the critical near-term moving average. Now, “the trend is likely to remain weak as long as the index stays below 21,550,” Rupak De, senior technical analyst, LKP Securities said. He feels a decisive move above 21,550 might weaken the bears; until then, bears might control the market. “On the lower end, support is placed at 21,400. A drift below 21,400 might take Nifty for a revisit to 21,250-21,200,” he said. Chandan Taparia, senior vice president | analyst-derivatives, Motilal Oswal Financial Services too feels, till the Nifty 50 holds below 21,550, the weakness could be seen towards 21,300 and 21,250 zones, while on the upside hurdle shifts higher at 21,550 and 21,650 zones.

• Nik, Dj, Vix
• Oil,  Gold, Bonds, Dollar,
• Nifty:21571.95/-460.35/-2.09%;Candle:OGD,Short day red; Bank Nifty:46064.65/-2060.65/-4.27% Candle:OGD,Long day red ; HB:OGD,Long day red,1542,
• Nifty :Supp Rest
• Banknifty:Supp Rest .
• Gift Nifty:%     FII Long54%FutCash;-10578;Opt94%
• OI data Nifty  ( max pain WM)
• OI data Bank Nifty Nifty(max pain W M)
• News:
• Events/Results:IndusInd Bank, 360 ONE WAM, Finolex Industries, Home First Finance Company India, IndiaMART InterMESH, Innova Captab, Jindal Stainless, Mastek, Metro Brands, Polycab India, Poonawalla Fincorp, Ramkrishna Forgings, Shoppers Stop, South Indian Bank, Supreme Petrochem, Sterling and Wilson Renewable Energy, and Tata Communications will be in focus ahead of quarterly earnings on January 18.
• A total of 13 stocks are in the F&O ban list for January 18. The NSE has added Indian Energy Exchange and SAIL to the said list while retaining Aditya Birla Fashion & Retail, Ashok Leyland, Bandhan Bank, Chambal Fertilisers & Chemicals, Delta Corp, Hindustan Copper, Metropolis Healthcare, National Aluminium Company, Polycab India, PVR INOX, and Zee Entertainment Enterprises to the said list. Biocon, India Cements, Indus Towers, and Piramal Enterprises were removed from the said list.
• Market wrap up(DWM,T,N,E):”The huge opening downside gap remains partially filled. Technically, Wednesday’s pattern indicates a significant reversal pattern on the downside and unfilled opening downside gap could be considered as a bearish breakaway gap. Normally, such bearish breakaway gaps are formed near important top reversals,” After a significant correction on January 17, experts expect the Nifty 50 to fall further in coming days and may take support at around 21,450, the low of current month. If the said level gets broken, then 21,000 can be a possibility, whereas on the higher side, 21,650 is expected to be an immediate resistance, followed by 21,750-21,850 area, experts said. Bears were in full action on January 17, pulling down the benchmark indices by more than two percent, the biggest single-day decline in last 19 months. Sharp sell-off in HDFC Bank post quarterly earnings and weak global cues weighed down on the sentiment. The BSE Sensex tanked 1,628 points or 2.23 percent to 71,501, while the Nifty 50 plunged 460 points to 21,572 and formed bearish candlestick pattern with long upper shadow on the daily charts. Hence, he feels the short-term trend of Nifty seems to have reversed down sharply. “There is a higher possibility of Nifty sliding further down to the next lower support of 21,000 levels in the near term. Immediate resistance for sell on rise is around 21,750-21,850 levels,”Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas, also feels both price and momentum indicators are pointing toward weakness. “The ideal strategy to trade this fall would be sell on rise near the resistance zone (21,800 – 21,820),” The broader markets also participated in the bear party, but the fall compared to benchmarks was less. The Nifty Midcap 100 and Smallcap 100 indices declined over a percent each, while market breadth was also in favour of bears as about three shares declined for every rising share on the NSE. The volatility spiked significantly, making the trend favourable for bears. The India VIX jumped 11.1 percent to 15.08 level.