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
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Gift Nifty:% FII Long49%FutCash;-9901;Opt89%
OI data Nifty ( max pain W21500M)
OI data Bank Nifty Nifty(max pain W M)
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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.
