Nifty:21743.25/127.2/0.59%;CandleOGU,Short day green :; Bank Nifty:45502.4/620.15/1.38% Candle:OGU,Short day green ; HB:OGU,Doji,1395,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long35%FutCash;376;Opt94%
OI data Nifty ( max pain W21700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Total 646 companies will be announcing their December quarter earnings scorecard on February 14 including Mahindra & Mahindra, Aditya Birla Fashion and Retail, Crompton Greaves Consumer Electricals, Dishman Carbogen Amcis, Gland Pharma, Glenmark Pharmaceuticals, Gujarat State Petronet, Indiabulls Housing Finance, Ipca Laboratories, Muthoot Finance, Natco Pharma, Narayana Hrudayalaya, NMDC, Sun TV Network, and Wockhardt.
The NSE has added National Aluminium Company to the F&O ban list for February 14, while retaining Aditya Birla Fashion & Retail, Ashok Leyland, Aurobindo Pharma, Balrampur Chini Mills, Bandhan Bank, Biocon, Delta Corp, India Cements, Indus Towers, Punjab National Bank, SAIL and Zee Entertainment Enterprises to the said list. However, Hindustan Copper was removed from the said list.
Market wrap up(DWM,T,N,E):Technically, the market in the coming sessions is expected to be choppy with the Nifty 50 facing resistance at 21,850 on the higher side and taking support at 21,500 levels. The index is unlikely to get firm direction unless and until it breaks either of the above-mentioned levels, experts said. On February 13, the benchmark indices rebounded with the BSE Sensex climbing 483 points to 71,555, while the Nifty 50 rose 127 points to 21,743 and formed bullish candlestick pattern with lower shadow on the daily charts. Technically, “this pattern indicates bounce back in the Nifty from near the supports of 21,600-21,500 levels,” said Nagaraj Shetti, senior technical research analyst at HDFC Securities. After placing at the edge of downside breakout of the ascending trendline support around 21,600 levels, the Nifty 50 showed false downside breakout of the said support and bounced back smartly from the lows, which is positive indication. “A sustainable move above the immediate resistance of 21,800-21,850 levels could open sharp upside towards another resistance of 22,000-22,100 levels in the near term,” “A move beyond 21850 level on intraday charts could signal a positive development, potentially pushing prices back towards 22,000 – 22,100.” Overall, “the index remains rangebound between 21,500 and 22,100, and a trending move is likely only upon breaking beyond this range. Until then, traders are advised to focus on the mentioned levels and trade according to the intraday trend,” After witnessing a sharp fall in the last few sessions, the broader market indices like Nifty Midcap 100 and Smallcap 100 have recovered decently from the intraday loss on Tuesday and formed bullish patterns, rising 0.3 percent and 0.2 percent, respectively.
