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
