Nifty:22198.35/76.3/0.34%;Candle:OGD,Short day green; Bank Nifty:46588.05/11.55/0.02% Candle:OF,Doji ; HB:OGD,1422,Doji
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long46%FutCash;-1509;Opt94%
OI data Nifty ( max pain W22100M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Indus Towers to the F&O ban list for February 28, while retaining Aditya Birla Fashion & Retail, Canara Bank, SAIL and Zee Entertainment Enterprises to the said list. Balrampur Chini Mills was removed from the list.
Market wrap up(DWM,T,N,E):The market is unlikely to see firm direction in the coming sessions unless it decisively breaks the range of 21,950-22,300 on either side, experts said, adding the crossing 22,300 on the higher side may take the Nifty 50 towards the 22,400-22,500 area and the breakdown of the 21,950-22,000 zone can dampen the sentiment. On February 27, the benchmark indices snapped a two-day correction. The BSE Sensex rallied 305 points to 73,095, while the Nifty 50 rose 76 points to 22,198 and formed a Bullish Engulfing kind of candlestick pattern on the daily charts, the bullish trend reversal pattern. “The trend remains positive as the index has consistently stayed above the near-term moving average. Overall, the bulls may continue to exert control as the index has closed above the previous consolidation high,” Meanwhile, the Bollinger bands are contracting indicating rangebound price action. “The hourly momentum indicator has triggered a positive crossover which is a buy signal and thus intraday dips are likely to be bought into,” J
