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
