Nifty:21982.8//31.65/0.14%;Candle:OF,Short day green; Bank Nifty:46120.9/157.75/0.34% Candle:OGD,Short day green ; HB:OF,1408,Doji
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long35%FutCash;3568;Opt90%
OI data Nifty ( max pain W22000M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Market wrap up(DWM,T,N,E):The market is expected to remain rangebound as long as it trades below 22,200 as closing decisively above the same can raise some hope for another leg of northward journey in the Nifty 50 in coming sessions, experts said. On the lower side, the 21,950 level (which coincides with 21-day EMA -exponential moving average) is expected to act as an immediate support for the index, followed by 21,850 which coincides with upward sloping support trendline, they added. The index defended both these supports on closing basis, which is a positive sign. On February 29, the benchmark indices remained volatile and gained strength in late trade. The BSE Sensex climbed 195 points to 72,500, while the Nifty 50 was down 32 points to close at 21,983 on the expiry day for February futures & options contracts. The index has formed bullish candlestick pattern with upper and lower shadows, which resembles High Wave kind of pattern on the daily charts, indicating volatility. “On the daily chart, the index concluded just above the 21-day exponential moving average (21EMA). At the lower end, crucial support is positioned at 21,950; as long as the index maintains a position above 21,950, there is a possibility of witnessing a recovery. Nevertheless, a decline below 21950 could potentially lead the index towards 21,800,” Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas, feels the index is still not out of the woods and it is likely to witness volatile action going ahead. “22,230 – 22,250 will act as an immediate hurdle zone from short term perspective.” The broader markets outperformed benchmark indices as the Nifty Midcap 100 and Smallcap 100 indices gained 0.5 percent and 0.6 percent, respectively.
Nifty:21951.15/-247.2/-1.11%;Candle:OF,Long day red; Bank Nifty:45963.15/-624.9/-1.34% Candle:OF,Long day red ; HB:OF,Short day red,1412,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long45%FutCash;-1879;Opt92%
OI data Nifty ( max pain W2000M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Indus Towers, and SAIL to the F&O ban list for February 29. Aditya Birla Fashion & Retail, Canara Bank, and Zee Entertainment Enterprises were removed from the list.
Market wrap up(DWM,T,N,E):The market fell sharply ahead of expiry of February derivative contracts, but the higher highs, higher lows formation is intact on the daily charts. Hence, present weakness could be in line with new higher bottom of the pattern, experts said, adding that the index may take support at 21,800-21,700 levels in the coming sessions, with hurdle on the higher side at 21,200-22,200 levels. On February 28, the BSE Sensex dropped 790 points or 1.08 percent to 72,306, while the Nifty 50 was down 247 points or 1.1 percent at 21,951 and formed long bearish candlestick pattern on the daily charts, which has engulfed the last two sessions’ bull and bear candles. Technically, “this formation signals trend reversal on the downside and one may expect further weakness in the short term,” He feels the next crucial lower levels to be watched are around 21,800 and 21,700 levels (ascending trendline and 10-week EMA – exponential moving average). Nifty has bounced up from near these levels in the past, but a slide below 21,700 could open sharp fall in the near term. Immediate resistance is placed around 22,150-22,200 levels,” Indicators such as RSI (relative strength index) and MACD (moving average convergence divergence) skewed on the negative side. The index may end its consolidation phase and witness a sell-off if the 22,200 level is not attained.” The volatility jumped over 16 mark, which increased the pressure on bulls. The India VIX jumped 3.83 percent to 16.33, from 15.73 levels.
Nifty:22198.35/76.3/0.34%;Candle:OGD,Short day green; Bank Nifty:46588.05/11.55/0.02% Candle:OF,Doji ; HB:OGD,1422,Doji
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long46%FutCash;-1509;Opt94%
OI data Nifty ( max pain W22100M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Indus Towers to the F&O ban list for February 28, while retaining Aditya Birla Fashion & Retail, Canara Bank, SAIL and Zee Entertainment Enterprises to the said list. Balrampur Chini Mills was removed from the list.
Market wrap up(DWM,T,N,E):The market is unlikely to see firm direction in the coming sessions unless it decisively breaks the range of 21,950-22,300 on either side, experts said, adding the crossing 22,300 on the higher side may take the Nifty 50 towards the 22,400-22,500 area and the breakdown of the 21,950-22,000 zone can dampen the sentiment. On February 27, the benchmark indices snapped a two-day correction. The BSE Sensex rallied 305 points to 73,095, while the Nifty 50 rose 76 points to 22,198 and formed a Bullish Engulfing kind of candlestick pattern on the daily charts, the bullish trend reversal pattern. “The trend remains positive as the index has consistently stayed above the near-term moving average. Overall, the bulls may continue to exert control as the index has closed above the previous consolidation high,” Meanwhile, the Bollinger bands are contracting indicating rangebound price action. “The hourly momentum indicator has triggered a positive crossover which is a buy signal and thus intraday dips are likely to be bought into,” J
Nifty:22122.05/-90.65/-0.41%;Candle:OGD,; Bank Nifty:46576.5/-235.25/-0.5% Candle:OGD,Doji ; HB:OGD,1422,Doji
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long45%FutCash;-285;Opt92%
OI data Nifty ( max pain W22100M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Aditya Birla Fashion & Retail, Balrampur Chini Mills, Canara Bank, SAIL and Zee Entertainment Enterprises to the F&O ban list for February 27. Ashok Leyland, Biocon, GMR Airports Infrastructure, GNFC, Hindustan Copper, Piramal Enterprises, PVR INOX and RBL Bank were removed from the said list.
Market wrap up(DWM,T,N,E):The market is expected to continue its consolidation along with some minor profit booking, started especially after hitting a record last Friday, experts said, adding the 22,000 is likely to be immediate support for the Nifty 50 followed by 21,900 as key support with likely hurdle on the higher side at 22,200-22,300. However, given the continuation of higher highs and higher bottoms on the daily charts on the broader level, the overall trend is expected to remain positive in the short term, according to experts. On February 26, the BSE Sensex fell 353 points to 72,790, while the Nifty 50 was down 91 points at 22,122 and formed a small bearish candlestick pattern on the daily charts, which indicates follow-through weakness post new high formation. On February 26, the BSE Sensex fell 353 points to 72,790, while the Nifty 50 was down 91 points at 22,122 and formed a small bearish candlestick pattern on the daily charts, which indicates follow-through weakness post new high formation. Hence, the Nifty is expected to find strong support around 21,900-21,850 levels, while on the upper side, the area of 22,200-22,300 is likely to be a strong hurdle for the markets ahead, Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas also feels the consolidation can continue in the Nifty 50 until it decisively breaks out of the range of 21,800-22,300. The broader markets were also under pressure with the Nifty Midcap 100 and Smallcap 100 indices falling around a third of a percent.
Nifty:22212.7/-4.75/-0.02%;Candle:OGU; Bank Nifty:46811.75/-108.05/-0.23% Candle:OGU,Short day red ; HB:OGU,Short day red,Doji,1528,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long44%FutCash;1276;Opt91%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Canara Bank to the F&O ban list for February 26, while retaining Aditya Birla Fashion & Retail, Ashok Leyland, Balrampur Chini Mills, Biocon, GMR Airports Infrastructure, GNFC, Hindustan Copper, Piramal Enterprises, PVR INOX, RBL Bank, SAIL, and Zee Entertainment Enterprises to the said list. Bandhan Bank, Indus Towers, and National Aluminium Company were removed from the said list.
Market wrap up(DWM,T,N,E):The market sentiment is expected to remain positive, though the benchmark indices saw profit booking after hitting a new high on February 23. Intermittent consolidation and correction is always a part of any consistent rally. Hence, the Nifty 50 may face immediate resistance at 22,300 in the coming session, followed by 22,500 mark, with immediate support at 22,000 level and then 21,900, experts said. On February 23, the BSE Sensex was down 15 points at 73,143, while the Nifty 50 shed 85 points from its record high of 22,297.50 and closed with 5 points loss at 22,213. The index has formed bearish candlestick pattern on the daily charts, but continued formation of higher highs for eighth straight session. “Nifty closed at the day’s low due to profit booking. However, the sentiment remained positive for the short term as the index closed above the crucial resistance level of 22,200, with the next resistance is seen at 22,400,” Short-term support is positioned at 21,900. As long as Nifty maintains levels above 21,900, the index may continue to be considered a buy on dips, “Immediate support lies at the 20-day moving average (DMA) around 21,900, while the 50-DMA at 21,700 serves as a key support level
Nifty:22217.45/162.4/0.74%;Candle:OF,; Bank Nifty:46919.8/-99.9/-0.21% Candle:OGD,Doji ; HB:OGD,Doji,1424
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long44%FutCash;-1410;Opt92%
OI data Nifty ( max pain W22000M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Rain Industries, Sanofi India, Valecha Engineering, Enkei Wheels (India) and Foseco India will be in focus ahead of quarterly earnings on February 23.
The NSE has added Aditya Birla Fashion & Retail, and SAIL to the F&O ban list for February 23, while retaining Ashok Leyland, Balrampur Chini Mills, Bandhan Bank, Biocon, GMR Airports Infrastructure, GNFC, Hindustan Copper, Indus Towers, National Aluminium Company, Piramal Enterprises, PVR INOX, RBL Bank, and Zee Entertainment Enterprises to the said list. Canara Bank and India Cements were removed from the said list.
Market wrap up(DWM,T,N,E):Technically, the market looked strong given the healthy recovery from 21-day EMA (exponential moving average) and continuation of higher highs formation for seven days in a row. Even the index took a good support at upward sloping trendline and rebounded. Hence, 22,300 is expected to be an immediate hurdle for the Nifty50 on the higher side followed by 22,500 mark, while immediate support at 22,000 and crucial at 21,875, the low of February 22, experts said. On February 22, the benchmark BSE Sensex rallied 535 points to 73,158, while the Nifty 50 gained 163 points to end at a record closing high of 22,218 and formed a Bullish candlestick pattern with a long lower shadow on the daily charts, indicating buying interest at lower levels. “Nifty crossing the all-time high, which was 22,250, was a big surprise. The index has formed a bullish reversal on the daily chart and based on that Nifty is set to move above 22,500 in the near term, however, on an immediate basis 22,300 will be the biggest hurdle,” the strategy should be to buy on dips to 22,150-22,175, with a stop-loss at 22,050 levels. “A close above 22,300 can make it easier to move towards 22,500 or 22,600. Below 22,050, the Nifty may weaken to 21,950 or 21,850,” if the price breaches the 22,250 level, there is potential for a further move towards 22,400 and 22,500. “On the flip side, the immediate support for the Nifty is identified at 21,900,”
Nifty:22055.05/-141.9/-0.64%;CandleOGU,Long day red:; Bank Nifty:47019.7/-74.5/-0.16% Candle:OGU,Short dau red; HB:OGU,Short day red,1435,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long42%FutCash;285;Opt94%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Jana Small Finance Bank, Lords Chloro Alkali, and DIC India will be in focus ahead of quarterly earnings on February 22.
The NSE has added Ashok Leyland, Piramal Enterprises, and PVR INOX to the F&O ban list for February 22, while retaining Balrampur Chini Mills, Bandhan Bank, Biocon, Canara Bank, GMR Airports Infrastructure, GNFC, Hindustan Copper, India Cements, Indus Towers, National Aluminium Company, RBL Bank, and Zee Entertainment Enterprises to the said list. SAIL was removed from the said list
Market wrap up(DWM,T,N,E):The market snapped a six-day uptrend and formed Bearish Engulfing candlestick pattern on the daily charts, hence experts feel there is a possibility of some profit booking as well as consolidation at higher levels, but given the continuation of higher highs, higher lows formation, overall the bulls are still in a healthy mood, who after this correction may lift Nifty 50 to new highs again. According to experts, the Nifty 50 may take a support at 21,750 level and on the higher side, in case of bounce back, it may face resistance at 22,300 mark. On February 21, the benchmark indices corrected for the first time in last seven consecutive sessions. The BSE Sensex fell 434 points to 72,623, while the Nifty 50 was down 142 points to 22,055. “A long bear candle was formed on the daily chart, that has engulfed the positive candle of previous session. Technically, this pattern signals a formation of Bearish Engulfing at the highs. Normally, such formation after a reasonable up move indicates short term top reversal pattern for the market,” the bullish chart pattern like higher tops and bottoms continued as per daily timeframe chart and Wednesday’s swing high of 22249 could now be considered as a new higher top of the sequence. Hence, short-term weakness could be expected and the next lower supports to be watched at 21,850-21,750 levels, he said. According to Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas, until record high of 22,249 (seen on February 21) is not taken out, the Nifty can expect consolidation in the near term.
Nifty:22196.95/74.7/0.34%;Candle:OGD,Long day green; Bank Nifty:47094.2/558.7/1.2% Candle:OGD,Long day green ; HB:OGD,Long day green,1457,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long41%FutCash;-1336;Opt94%
OI data Nifty ( max pain W22100M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Arshiya, Manjeera Constructions, Marble City India, and VJTF Eduservices will be in focus ahead of quarterly earnings on February 21.
The NSE has added Balrampur Chini Mills, GMR Airports Infrastructure, GNFC, and RBL Bank to the F&O ban list for February 21, while retaining Bandhan Bank, Biocon, Canara Bank, Hindustan Copper, India Cements, Indus Towers, National Aluminium Company, SAIL and Zee Entertainment Enterprises to the said list. Aditya Birla Fashion & Retail, and Ashok Leyland were removed from the said list
Market wrap up(DWM,T,N,E):With the formation of a bullish candlestick pattern after neutral patterns in the previous couple of sessions, bulls seem to have turned strong and may take the Nifty50 towards the 22,500 mark in the coming sessions provided the index holds 22,200. Otherwise, there may be consolidation with support at 22,000, experts said. On February 20, the BSE Sensex jumped 349 points to 73,057 while the Nifty 50 rose 75 points to end at a record closing high of 22,197 continuing an uptrend for six days in a row. “A long bull candle was formed on the daily chart, which is signalling an attempt of a decisive upside breakout of the crucial overhead resistance around 22,150-22,200 levels,”Positive chart patterns like higher highs and higher lows continued on the daily chart and the current upmove is in line with the new higher high formation. the short-term trend of Nifty remains up. “A decisive move above 22,200 is likely to open a sharp upside towards the upper trajectory of 22,500-22,600 levels in the near term. Immediate support is at 22,080 levels,” the trend remains robust as the index has sustained itself above the psychological level of 22,000 as well as the 21-day EMA (exponential moving average – 21,814) on the daily timeframe. “On the higher end, it may move towards 22,400/22,600 once the index decisively surpasses the 22,200 mark. Support on the lower end is identified at 22,000,” The India VIX, the fear index, remained above the 16 mark, which may support bears in coming sessions. The index rose 0.34 percent to 16.07 level.
Nifty:22122.25/81.55/0.37%;Candle:OGU,Doji; Bank Nifty:46535.5/150.65/0.32% Candle:OGU,Doji ; HB:OF,Doji, 1431,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long39%FutCash;-754;Opt95%
OI data Nifty ( max pain W22050M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:ABB India, Ace Men Engg Works, Ansal Properties & Infrastructure, Elantas Beck India, Gammon India, and IM+ Capitals will be in focus ahead of their quarterly earnings on February 20.
The NSE has added Biocon to the F&O ban list for February 20, while retaining Aditya Birla Fashion & Retail, Ashok Leyland, Bandhan Bank, Canara Bank, Hindustan Copper, India Cements, Indus Towers, National Aluminium Company, SAIL and Zee Entertainment Enterprises to the said list. Balrampur Chini Mills, and Delta Corp were removed from the said list.
Market wrap up(DWM,T,N,E):Given the neutral pattern formation for yet another session at the highest level of the market after five days of run, experts feel that consolidation or minor profit booking can’t be ruled out in coming sessions before starting another leg of upward journey towards 22,500 mark on the Nifty 50. The 21,900-21,950 is expected to be a key support area to watch out for. On February 19, the BSE Sensex rallied 282 points to 72,708, while the Nifty 50 climbed 82 points to end at record closing high of 22,122 and formed small bodied bullish candlestick pattern with upper and lower shadows, which resembles either Doji or Spinning Top kind of pattern on the daily timeframe, indicating indecisiveness among bulls and bears about future market trend. “Having formed this pattern after a reasonable upside and at the key overhead resistance indicates chances of consolidation or minor dip in the market for short term,” the near-term trend of Nifty remains positive. “But the market is displaying lack of strength to witness a decisive upside breakout of the resistance around 22,150-22,200 levels. Further consolidation or minor dip can’t be ruled out in the coming sessions. Immediate support is at 21,950 levels,” the near-term trend of Nifty remains positive. “But the market is displaying lack of strength to witness a decisive upside breakout of the resistance around 22,150-22,200 levels. Further consolidation or minor dip can’t be ruled out in the coming sessions. Immediate support is at 21,950 levels,” Meanwhile, the India VIX, the fear index, jumped 5.22 percent to 16.02 level, indicating possibility of some discomfort for bulls at current levels
Nifty:%;Candle:OGU,Doji; Bank Nifty:% Candle:OGU,Doji ; HB:OGU,Doji,1433,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long38%FutCash;253;Opt94%
OI data Nifty ( max pain W22000M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:CIE Automotive India will be in focus ahead of its December quarter earnings on February 19.
The NSE has added National Aluminium Company to the F&O ban list for February 19, while retaining Aditya Birla Fashion & Retail, Ashok Leyland, Balrampur Chini Mills, Bandhan Bank, Canara Bank, Delta Corp, Hindustan Copper, India Cements, Indus Towers, SAIL and Zee Entertainment Enterprises to the said list. Biocon was removed from the said list.
Market wrap up(DWM,T,N,E):
The market maintained an upward journey for four days in a row as bulls gained strength and brought the Nifty 50 very close to its previous record high of 22,127. Most of the experts expect the index to surpass the said record high in the coming sessions with resistance at 22,200-22,300 area despite consolidation. However, there was a kind of ‘spinning top’ formation on February 16 (the bearish reversal pattern) which has less significance at current levels. Experts believe 21,900-21,950 is likely to be immediate support for the index, followed by 21,750. On February 16, the BSE Sensex was up 376 points at 72,427, while the Nifty 50 rallied 130 points to 22,041 , A small positive candle was formed on the daily chart with gap up opening and with minor upper and lower shadows. Technically, “this pattern indicates a formation of spinning top type candle pattern at the highs, which are normally associated with top reversals. But, having formed this pattern after a minor up move and a formation within a broader high low range movement, the predictive value of this pattern could be less”, Nagaraj Shetti, senior technical research analyst at HDFC Securities said. He, however, feels that though Nifty is placed near the crucial overhead resistance of 22,125 level, there is still no indication of any significant reversal pattern building at the highs. Hence, “there is a possibility of some more upside towards the new all-time high of around 22,150 level before showing any selling pressure from the new highs. Immediate support is at the 21,920 level,” In Nifty, the price has also consistently closed above the 21-day EMA (exponential moving average – 21,740) for the last few days, indicating a positive trend. On the daily chart, Nifty has been trading in a bullish ascending triangle pattern. In the short term, the index can move towards 22,200 and a move above it can take it to 22,600. Support on the lower end is placed at 21,750,” Arvinder Singh Nanda, Senior Vice President at Master Capital Services said.
