Nifty:22097.45/202.9/0.93%;Candle:OGU; Bank Nifty:48158.3/448.3/0.94% Candle:OGU,Long day green ; HB:OGU,Long day green,1680,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long66%FutCash;1086;Opt102%
OI data Nifty ( max pain W2000M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:HDFC Bank, ICICI Lombard General Insurance Company, L&T Technology Services, Federal Bank, Gallantt Ispat, Goa Carbon, Hathway Cable & Datacom, Himadri Speciality Chemical, ICICI Securities, Jindal Saw, Lotus Chocolate, Bank of Maharashtra, C E Info Systems, Credo Brands Marketing, Network18 Media & Investments, Newgen Software Technologies, and TV18 Broadcast will be in focus ahead of December FY24 quarter earnings on January 16.
A total of 15 stocks are in the F&O ban list for January 16. The NSE has added Biocon to the said list while retaining Bandhan Bank, BHEL, Chambal Fertilisers & Chemicals, Delta Corp, Escorts Kubota, Hindustan Copper, India Cements, Indus Towers, Metropolis Healthcare, Piramal Enterprises, Polycab India, PVR INOX, SAIL and Zee Entertainment Enterprises to the said list. National Aluminium Company was removed from the said list.
Market wrap up(DWM,T,N,E):The market continued its record high run for yet another session after a decisive breakout, which experts feel is expected to continue in the near term given the strong momentum, but along with consolidation and volatility. According to them, 22,200-22,400 will be the hurdle to watch on the higher side, while the 21,900-21,800 levels are expected to act as support. On January 15, the BSE Sensex spiked 759 points to 73,328 led by technology, banks & Reliance Industries, while the Nifty 50 jumped 203 points to 22,098 after gap up opening and formed bullish candlestick pattern with long lower shadow on the daily timeframe, indicating buying interest at lower levels. Technically, “this pattern indicates confirmation of sharp upside breakout of the important hurdle. If Monday’s opening upside gap remains unfilled at 21,900 levels for the next 2-3 sessions, then that gap could be considered as a bullish runaway gap, which are normally formed in the middle of the sustainable uptrends,” said Nagaraj Shetti, senior technical research analyst at HDFC Securities. The next upside levels to be watched are around 22,200-22,300, he said, adding immediate support is placed at 22,000 levels. According to Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas also, the short-term upside target for Nifty is placed at 22,350 – 22,500 where resistance in the form of the weekly upper Bollinger band while is placed and 22,500 strike has the highest concentration of Open Interest on the Call side and hence can act as a resistance from short term perspective. But the broader markets continued to underperform the benchmark indices. The Nifty Midcap 100 and Smallcap 100 indices gained 0.7 percent and 0.4 percent, respectively.
