Nifty:21741.9/10.5/0.05%;Candle:OF,Doji; Bank Nifty:48234.3/-57.95/-0.12% Candle:OF,Doji ; HB:OF,Doji,1699
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-855;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
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The NSE has added Balrampur Chini Mills to its F&O ban list for January 2, while retaining Hindustan Copper to the said list.
Market wrap up(DWM,T,N,E):Technically, the market seems to be maintaining a consolidation phase for a few more sessions before getting into a firm trend on either side of the 21,650-21,850 range, experts said, adding if the index decisively surpasses 21,800-21,850 then 22,000 can’t be ruled out. However, if it breaks the 21,650 mark, which has been held for the last three sessions can drag down the index to the 21,500 mark, On January 1, the benchmark indices hit a new high but failed to sustain those higher levels due to profit-taking and finally ended flat with a positive bias. The BSE Sensex was up 32 points at 72,272, while the Nifty 50 gained 10.5 points at 21,742 and formed a Spinning Top or High Wave kind of candlestick pattern on the daily charts, indicating indecision among buyers and sellers about further market trend. “This indicates high volatility in the market at the highs. The positive chart pattern like higher tops and bottoms is intact on the daily chart and Nifty is currently forming a new higher top of the sequence. Still, there is no confirmation of any top reversal pattern in the high market,” “A decisive move above 21,850 levels is expected to nullify the present bearish effect and that could open more upside for the near term. Immediate support is placed at 21,550 levels,” the index has support around the 21,600-21,500 zone. Meanwhile, the broader markets remained strong with the Nifty Midcap 100 and Smallcap 100 indices climbing 0.6 percent and 0.5 percent, respectively.
