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.
