Nifty:%;Candle:OGU,Short day green; Bank Nifty:% Candle:OGU,Long day green ; HB:OGU,Long day green,1692.5,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long66%FutCash;1513;Opt107%
OI data Nifty ( max pain W21650M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
he NSE has added Chambal Fertilisers & Chemicals, Escorts Kubota, GNFC (Gujarat Narmada Valley Fertilisers & Chemicals) and India Cements to its F&O ban list for January 5, while retaining Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indian Energy Exchange, National Aluminium Company, SAIL and Zee Entertainment Enterprises to the said list.
Market wrap up(DWM,T,N,E):Given the strong rebound after the fall in the previous two sessions, the bulls seem to be still in a healthy position and may help the Nifty50 march towards its 21,800-21,850 area in coming sessions as the index strongly held on to 21,500 as a support and if the said hurdle gets surpassed then psychological 22,000 mark can’t be ruled out, experts said. On January 4, the BSE Sensex jumped 491 points to 71,848, while the Nifty 50 climbed 141 points to 21,659, and formed a small bullish candlestick pattern on the daily timeframe. “A small positive candle was formed on the daily chart, which is placed within a high-low range of Wednesday’s bear candle. Technically, this could be considered a bullish Inside Day-type candle pattern. Hence, more upside in the next session is likely to confirm this bullish pattern,” the short-term trend of Nifty seems to have reversed on the upside after two sessions of minor weakness. “Nifty sustaining above 21,550-21,600 levels could open the next upside towards 21,850-21,900 levels and higher in the near term. Immediate support is at 21,550,” Considering the overall chart structure, Vidnyan Sawant, HOD – Research at GEPL Capital also maintains a bullish stance with specific targets set at 21,834 (the record high between 21,800-21,850) and 22,000 for the short to medium term. This analysis suggests a positive trajectory for the index, indicating a likelihood of sustained gains in the near term, he said. The Nifty Midcap 100 and Smallcap 100 indices performed better than benchmarks after consolidation, rising 1.7 percent and 1 percent, respectively on positive breadth, while the declining volatility also supported bulls as the fear index India VIX fell 5.44 percent to 13.33 levels
