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.
