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.
