- Nik, Dj, Vix
- Oil, Gold, Bonds, Dollar,
- Nifty:21737.6/385/1.8%;Candle:OGU,Long day green; Bank Nifty:45442.35/576.2/1.28% Candle:OGU,Short day green ; HB:OGU,Short day green,1457
- Nifty :Supp Rest
- Banknifty:Supp Rest .
- Gift Nifty:% FII Long24%FutCash;110;Opt95%
- OI data Nifty ( max pain W21600M)
- OI data Bank Nifty Nifty(max pain W M)
- News:
- Events/Results:Larsen & Toubro, Dr Reddy’s Laboratories, Bajaj Finserv, PB Fintech, Arvind, Astral, Adani Total Gas, Blue Star, Cochin Shipyard, Coromandel International, Gillette India, KEC International, KPIT Technologies, Mahindra & Mahindra Financial Services, Piramal Pharma, Keystone Realtors, Star Health and Allied Insurance Company, Symphony, Triveni Engineering & Industries, VIP Industries and Voltas will be in focus ahead of December FY24 quarter earnings on January 30.
- The NSE has not added any stock to the F&O ban list for January 30.
- Market wrap up(DWM,T,N,E):
Technically, the market looked strong and seems to be negating lower highs, lower lows formation on the daily charts in the coming sessions. The index seems to be surpassing 21,750 and is likely to march towards 21,850-21,900 levels given the momentum in coming sessions, with support at 21,600-21,500 levels, experts said. They added that the Bank Nifty seems to have bottomed out last week with a strong bounce from the 200-day EMA (exponential moving average). On January 29, the market started off the February series on a strong note as the Nifty50 jumped 385 points or 1.8 percent to 21,738 and formed a long bullish candlestick pattern on the daily charts, indicating the bullish reversal trend in the market. Shrikant Chouhan, head-equity research at Kotak Securities is of the view that the current market texture is bullish but due to temporary overbought conditions, he could see some rangebound action soon. 21,650-21,600 would act as key support zones while 21,850-21,900 could be the immediate resistance areas. However, below 21,600, the uptrend would be vulnerable,” he said. Now, the index has retraced 61.8 percent of the recent correction in a single trading day. The RSI oscillator on the hourly charts is indicating a positive momentum but it’s yet to give a positive crossover on the daily chart. A close above 21,900 could confirm a resumption of the uptrend, while on the lower side, 21,570-21,500 would be seen as the immediate support from a very short-term perspective,” Ruchit Jain, lead research at 5paisa.com said. The BSE Sensex climbed 1.8 percent or 1,241 points to 71,942. The broader markets also joined the rally as the Nifty Midcap 100 and Smallcap 100 indices gained 1.6 percent and 1.5 percent, respectively, while the India VIX jumped 13.09 percent to 15.68 levels
