Nifty:21910.75/70.7/0.32%;Candle:OGU,Doji; Bank Nifty:46218.9/310.6/0.68% Candle:OGU,Short day green ; HB:OGU,Short day green,1436
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long36%FutCash;-3064;Opt96%
OI data Nifty ( max pain W21900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:CRISIL, Schaeffler India, Haryana Financial Corporation and Minal Industries will be in focus ahead of quarterly earnings on February 16.
The NSE has added Canara Bank to the F&O ban list for February 16, while retaining Aditya Birla Fashion & Retail, Ashok Leyland, Balrampur Chini Mills, Bandhan Bank, Biocon, Delta Corp, Hindustan Copper, India Cements, Indus Towers, SAIL and Zee Entertainment Enterprises to the said list. Aurobindo Pharma, National Aluminium Company, and Punjab National Bank were removed from the said list.
Market wrap up(DWM,T,N,E):The Nifty50 reached closer to the psychological mark of 22,000. If the index manages to close decisively above 21,950, the high seen in Thursday’s trade, then the next immediate resistance is expected at 22,050 and then at 22,126, the record high, experts said, adding that the 21,800-21,750 zone is expected to act as immediate support for the index and 21,500 as a crucial support area. On February 16, the BSE Sensex jumped 228 points to 72,050, while the Nifty 50 rose 71 points to 21,911 and formed a Doji candlestick pattern on the daily charts as the closing was near opening levels, indicating the tug-of-war between bulls and bears for future market trend. “The level between 22,000 and 22,100 poses significant resistance, warranting caution for aggressive long positions until a comfortable breach occurs,” Conversely, he feels the index’s ability to hold its key support at 21,500 and stage a strong rebound following a gap-down opening on Wednesday represents a positive aspect. Traders may consider adopting a buy-on-dip strategy, albeit with vigilance and without becoming overly complacent, he advised. For the trend-following traders, Shrikant Chouhan, head – equity research at Kotak Securities said that 21,800 would act as a sacrosanct support level. “As long as the index is trading above the same, the bullish texture is likely to continue.” The mood on the broader markets remained strong with healthy breadth. The Nifty Midcap 100 and Smallcap 100 indices rallied 1 percent and 1.3 percent, respectively.
Nifty:21840.05/96.8/0.45%;Candle:OGD,Long day green; Bank Nifty:45908.3/405.9/0.89% Candle:OGD,Long day green ; HB:OGD,1385,Doji
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long36%FutCash;+3929;Opt89%
OI data Nifty ( max pain W21800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:EPACK Durable, R Systems International and Ballarpur Industries will release their quarterly earnings scorecard on February 15.
The NSE has added Hindustan Copper to the F&O ban list for February 15, while retaining Aditya Birla Fashion & Retail, Ashok Leyland, Aurobindo Pharma, Balrampur Chini Mills, Bandhan Bank, Biocon, Delta Corp, India Cements, Indus Towers, National Aluminium Company, Punjab National Bank, SAIL and Zee Entertainment Enterprises to the said list.
Market wrap up(DWM,T,N,E): With the bulls gaining strength in the late hour of trade despite weak global cues, the Nifty50 may extend its upward journey in the coming sessions. If the uptrend continues, then the index may face resistance at the psychological 22,000 mark, followed by a near-record high of 22,126, while the immediate support is expected to be at 21,700 and crucial support remains at 21,500 level, experts said. On February 14, the BSE Sensex rallied 268 points to 71,823, while the Nifty 50 recovered little more than 300 points from the day’s low and ended with 97 points gains at 21,840, forming a long bullish candlestick pattern on the daily timeframe which has engulfed the small bull candles of previous few sessions. This pattern could be considered as a bullish engulfing pattern, which indicates a short-term bottom reversal for the Nifty. The index defended 21,500 as well as upward sloping support trendline. “The immediate support of 21,500 has been held on Wednesday’s volatile session and the short-term uptrend seems to be gaining momentum. Nifty is currently placed at the edge of breaking above the immediate hurdle of 21,850 levels and a decisive move above this resistance is likely to pull Nifty towards 22,000-22,100 levels in the short term,” On the higher side, Ruchit Jain, lead research at 5paisa.com also feels the Nifty needs to surpass the recent highs (22,126) to confirm a continuation of the uptrend. Technically, the Nifty index has been in a consolidation phase for the last few days which seems to be a time-wise correction. “The index has managed to defend the 40 DEMA support which is placed around 21,500 now. Thus, this becomes a make or break level for the short term and only on a breakdown below this, one should then expect any price-wise corrections,” he said.
Nifty:21743.25/127.2/0.59%;CandleOGU,Short day green :; Bank Nifty:45502.4/620.15/1.38% Candle:OGU,Short day green ; HB:OGU,Doji,1395,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long35%FutCash;376;Opt94%
OI data Nifty ( max pain W21700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Total 646 companies will be announcing their December quarter earnings scorecard on February 14 including Mahindra & Mahindra, Aditya Birla Fashion and Retail, Crompton Greaves Consumer Electricals, Dishman Carbogen Amcis, Gland Pharma, Glenmark Pharmaceuticals, Gujarat State Petronet, Indiabulls Housing Finance, Ipca Laboratories, Muthoot Finance, Natco Pharma, Narayana Hrudayalaya, NMDC, Sun TV Network, and Wockhardt.
The NSE has added National Aluminium Company to the F&O ban list for February 14, while retaining Aditya Birla Fashion & Retail, Ashok Leyland, Aurobindo Pharma, Balrampur Chini Mills, Bandhan Bank, Biocon, Delta Corp, India Cements, Indus Towers, Punjab National Bank, SAIL and Zee Entertainment Enterprises to the said list. However, Hindustan Copper was removed from the said list.
Market wrap up(DWM,T,N,E):Technically, the market in the coming sessions is expected to be choppy with the Nifty 50 facing resistance at 21,850 on the higher side and taking support at 21,500 levels. The index is unlikely to get firm direction unless and until it breaks either of the above-mentioned levels, experts said. On February 13, the benchmark indices rebounded with the BSE Sensex climbing 483 points to 71,555, while the Nifty 50 rose 127 points to 21,743 and formed bullish candlestick pattern with lower shadow on the daily charts. Technically, “this pattern indicates bounce back in the Nifty from near the supports of 21,600-21,500 levels,” said Nagaraj Shetti, senior technical research analyst at HDFC Securities. After placing at the edge of downside breakout of the ascending trendline support around 21,600 levels, the Nifty 50 showed false downside breakout of the said support and bounced back smartly from the lows, which is positive indication. “A sustainable move above the immediate resistance of 21,800-21,850 levels could open sharp upside towards another resistance of 22,000-22,100 levels in the near term,” “A move beyond 21850 level on intraday charts could signal a positive development, potentially pushing prices back towards 22,000 – 22,100.” Overall, “the index remains rangebound between 21,500 and 22,100, and a trending move is likely only upon breaking beyond this range. Until then, traders are advised to focus on the mentioned levels and trade according to the intraday trend,” After witnessing a sharp fall in the last few sessions, the broader market indices like Nifty Midcap 100 and Smallcap 100 have recovered decently from the intraday loss on Tuesday and formed bullish patterns, rising 0.3 percent and 0.2 percent, respectively.
Nifty:21616.05/-166.45/-0.76%;Candle:OF,Long day red,; Bank Nifty:44882.25/-752.3/-1.65% Candle:OF,Long day red ; HB:OF,Doji,1396,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long34%FutCash;126;Opt92%
OI data Nifty ( max pain W21700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:A total of 564 companies will be releasing their December quarter earnings on February 13, including Eicher Motors, Hindalco Industries, Siemens, Zee Entertainment Enterprises, IRCTC, Bharat Heavy Electricals, Bosch, National Aluminium Company, Gujarat Gas, Indiabulls Real Estate, Innova Captab, INOX India, Medi Assist Healthcare Services, Info Edge India, NBCC, Oil India, Rashtriya Chemicals & Fertilizers, and Sula Vineyards.
The NSE has added Aditya Birla Fashion & Retail, and Bandhan Bank to the F&O ban list for February 13, while retaining Ashok Leyland, Aurobindo Pharma, Balrampur Chini Mills, Biocon, Delta Corp, Hindustan Copper, India Cements, Indus Towers, Punjab National Bank, SAIL and Zee Entertainment Enterprises to the said list. However, UPL was removed from the said list.
Market wrap up(DWM,T,N,E):The Nifty50 defended its long upward-sloping support trendline, though it formed a long bearish candlestick pattern on the daily charts on February 12. If the index manages to defend the same in the coming sessions, then it may face resistance at 21,750-21,800 levels, but in case of further selling pressure, the 21,500 level is expected to act as immediate support for the Nifty50, experts said. On February 12, the BSE Sensex was down 523 points at 71,072, while the Nifty 50 fell 167 points to 21,616, due to selling pressure in the banking & financial services, metal, FMCG and oil & gas stocks. The major selling pressure was seen in broader markets as the Nifty Midcap 100 and Smallcap 100 indices were down 2.5 percent and 4 percent, respectively. “The daily chart shows the index forming a lower top, signalling diminishing bullish sentiment. The momentum indicator aligns with this bearish outlook, displaying a crossover,” He feels the Nifty might remain in sell-on-rise mode as long as it remains below 21,850. On the downside, the support is situated at the 21,500 level, he said. Shrikant Chouhan, head- of equity research at Kotak Securities said for traders the 21,800 level would act as a trend decider level. Below this, the market could slip to 21,550-21,500. “On the flip side, above the 21,800 level the sentiment could change, and the chances of hitting 21,870-21,900 would turn bright,” The increase in volatility above the 16 mark also caused discomfort for bulls. India VIX, the fear index, jumped 3.98 percent to 16.06, from 15.45 levels.
Nifty:21782.5/64.55/0.3%;Candle:OF,Short day green; Bank Nifty:45634.55/622.55/1.38% Candle:OF,Long day green ; HB:OF,Doji,1405
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long34%FutCash;142;Opt95%
OI data Nifty ( max pain W21800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Total 480 companies will be releasing their quarterly earnings scorecard on February 12 including Coal India, Bharat Forge, Allcargo Logistics, Anupam Rasayan India, BLS E-Services, Cera Sanitaryware, Dilip Buildcon, GSK Pharmaceuticals, Hindustan Aeronautics, HEG, Krsnaa Diagnostics, Mazagon Dock Shipbuilders, Samvardhana Motherson International, NHPC, Steel Authority of India, and Skipper.
The NSE has added Zee Entertainment Enterprises to the F&O ban list for February 12, while retaining Ashok Leyland, Aurobindo Pharma, Balrampur Chini Mills, Biocon, Delta Corp, Hindustan Copper, India Cements, Indus Towers, Punjab National Bank, SAIL and UPL to the said list. However, National Aluminium Company was removed from the said list.
Market wrap up(DWM,T,N,E):The market is expected to remain in a consolidative phase in the coming sessions with key support at 21,600-21,500 zone, while the hurdle on the higher side is expected to be at 22,050, the high of last week, experts said, adding if the index breaks the support, then selling pressure may extend further to 21,300 but surpassing the resistance (22,050) may take it to a new high. On February 9, the BSE Sensex rallied 167 points to 71,595, while the Nifty 50 rose 64 points to 21,783 and formed bullish candlestick pattern with lower shadow on the daily charts, indicating buying interest at lower levels. Further, the index also held 21-day EMA (exponential moving average 21,670), which can be an immediate support for the index. “Overall, the sideways price action is likely to continue. The range of consolidation is likely to be 21,600 – 22,050,” Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas said. According to Nagaraj Shetti, senior technical research analyst at HDFC Securities, the overall uptrend status of Nifty remains intact and there is a possibility of further upside towards 22,000 levels in the near term. Any dips down to 21,600-21,500 levels could be a buying opportunity, he feels. Meanwhile, the broader markets witnessed a sharp correction. The Nifty Midcap 100 index was down 0.89 percent and Nifty Smallcap 100 index fell 1.4 percent. Thus, the action could shift to the frontline while the midcap and small cap enter a consolidation phase, Jatin feels.
Nifty:21717.95/212.55/0.97%;Candle:OGU; Bank Nifty:45012/-806.5/-1.76% Candle:OGU, Long day red; HB:OF,1407,Long day red,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long33%FutCash;-4934;Opt%
OI data Nifty ( max pain W21750M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Hero MotoCorp, Tata Power Company, Honasa Consumer, Zydus Lifesciences, Alkem Laboratories, Bandhan Bank, Campus Activewear, Cello World, DOMS Industries, Emami, Finolex Cables, Indian Railway Finance Corporation, MRF, The New India Assurance Company, Pfizer, PI Industries, Shree Renuka Sugars and Sundaram-Clayton will release December quarter earnings on February 9.
Oil and Natural Gas Corporation, Aurobindo Pharma, Divis Laboratories, Multi Commodity Exchange of India, Amber Enterprises India, Flair Writing Industries, Jagran Prakashan, TVS Electronics, Updater Services and Uflex will be releasing December quarter earnings on February 10.
The NSE has added Aurobindo Pharma, Biocon, and Punjab National Bank to the F&O ban list for February 9, while retaining Ashok Leyland, Balrampur Chini Mills, Delta Corp, Hindustan Copper, India Cements, Indus Towers, National Aluminium Company, SAIL and UPL to the said list. However, Zee Entertainment Enterprises was removed from the said list.
Market wrap up(DWM,T,N,E):Bears returned to power at Dalal Street after the expected RBI policy meeting outcome and dragged the Nifty 50 below the 10-day EMA (exponential moving average – 21,750), which acted as a support in the recent past. The Nifty50 may see some more selling pressure in coming days but 21,500 is expected to be a crucial support to watch out for, experts said, adding as long as the 21,500 holds, the index may rebound and remain ranged at 21,500-22,126 levels. On February 8, the banking & financial services, auto and FMCG stocks pulled the market down. The BSE Sensex plunged 724 points or 1 percent to 71,428, while the Nifty 50 dropped 212.5 points to 21,718 and formed a long bearish candlestick pattern on the daily charts with higher volumes. After the repeated testing of the key overhead resistance of the previous opening downside gap of January 17 at 21,970 levels in the last 3-4 sessions, the bulls seem to have given up eventually and the market declined from the highs on Thursday,” Nagaraj Shetti, senior technical research analyst, HDFC Securities said. He feels the short-term trend of Nifty seems to have turned down and one may expect some more weakness in the short term. “The near-term uptrend of the market remains intact and further weakness down to the immediate support of 21,550-21,500 levels could be a buying opportunity,” he said.
Nifty:21930.5/1.1/0.01p%;Candle:OGU,Long day red; Bank Nifty:45818.5/127.7/0.28% Candle:OGU,Doji ; HB:OGU,Short day red,1430
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long34%FutCash;-1691;Opt93%
OI data Nifty ( max pain W21900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Grasim Industries, Life Insurance Corporation of India, Power Finance Corporation, Zomato, Biocon, Aarti Industries, Apollo Hospitals Enterprise, Aster DM Healthcare, Astrazeneca Pharma India, Balrampur Chini Mills, BEML, Escorts Kubota, India Shelter Finance Corporation, Patanjali Foods, Rail Vikas Nigam, Thermax, Torrent Power and Zydus Wellness will release December quarter earnings scorecard on February 8.
The NSE has added Balrampur Chini Mills, Delta Corp, and SAIL to the F&O ban list for February 8, while retaining Ashok Leyland, Hindustan Copper, India Cements, Indus Towers, National Aluminium Company, UPL and Zee Entertainment Enterprises to the said list.
Market wrap up(DWM,T,N,E):The market seems to be cautious ahead of RBI’s monetary policy scheduled on February 8 as the participants may be awaiting the commentary about the rate cut cycle and inflation and growth forecast. The Nifty50 made a healthy attempt on February 7 to close the big bearish gap (21,970 is the upper band of the gap) created on January 17 but failed due to selling pressure in late morning deals and remained rangebound in the rest of the session. Hence, unless the index gives a strong closing above 21,970, the sustained uptrend towards a record high of 22,126 is unlikely in coming sessions, while the 21,750-21,700 is expected to be immediate support for the index, experts said. On January 7, the BSE Sensex was down 34 points at 72,152, while the Nifty 50 gained 1.1 points at 21,930.5 and formed a bearish candlestick pattern on the daily charts with a lower shadow on the daily charts. “Technically, this action indicates choppy movement and the market is expecting RBI’s mid-quarter policy outcome to show a directional move,” Nagaraj Shetti, senior technical research analyst at HDFC Securities said. “There is a higher possibility of an upside breakout of the 21,950-22,000 mark in the short term. Immediate support is at 21,750,” For the past few days, the Nifty has been consolidating above the critical moving averages, indicating a positive trend in the short term. “A drop below 21,700 might trigger panic in the market. Conversely, a decisive move above 22,125 could spark a smart rally in the market,” The broader markets remained strong for yet another session, with the Nifty Midcap 100 and Smallcap 100 indices rising over 0.7 percent each.
Nifty:21929.4/157.7/0.72%;Candle:OGU,Short day green; Bank Nifty:45690.8/134.75/0.29% Candle:OF,Short day red ; HB:OF,Doji,1444,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long37%FutCash;92;Opt96%
OI data Nifty ( max pain W21900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Tata Consumer Products, Power Grid Corporation of India, Nestle India, Lupin, Manappuram Finance, Apollo Tyres, Ashoka Buildcon, Borosil Renewables, Cummins India, General Insurance Corporation of India, JK Paper, Parag Milk Foods, Protean eGov Technologies, Sobha, Trent, and Zuari Agro Chemicals will release December quarter earnings scorecard on February 7.
The NSE has added Ashok Leyland to the F&O ban list for February 7, while retaining Hindustan Copper, India Cements, Indus Towers, National Aluminium Company, UPL and Zee Entertainment Enterprises to the said list.
Market wrap up(DWM,T,N,E):With the healthy bounceback after a day of correction, the market seems to be on positive footing and negated the formation of Shooting Star kind of bearish reversal pattern last Friday. Hence, if the Nifty 50 manages to fill the big bearish gap created on January 17 by climbing over 21,970, then 22,126, the record high level can’t be ruled out in coming sessions, experts said, adding the crucial support remains at 21,600-21,500 area. On February 6, the BSE Sensex jumped 455 points to 72,186, while the Nifty 50 rose 158 points at 21,929 and formed bullish candlestick pattern on the daily charts, which almost engulfed the bearish candle of Monday. “This pattern is signalling that the bearish candle pattern formation of last two sessions (Friday and Monday) could be nullified soon. This is positive indication,” Minor positive pattern like higher tops and bottoms is intact and the market is now on the way up towards the new higher top formation at new all- time highs. The crucial opening downside gap of January 17 is now placed at the verge of decisive upside breakout at 21,970 levels, he feels. Immediate support is at 21,750 and the next overhead resistance to be watched around 22,125 levels, he said. atin Gedia, technical research analyst at Sharekhan by BNP Paribas, also feels both price and momentum indicators are suggesting towards continuation of the positive momentum. However, considering the recent sharp reversals from the upper boundary (22,000) one needs to be cautious on the long side, he warned.
Nifty:21771.7/-82.1/-0.38%;Candle:OGU,Long day red; Bank Nifty:45825.55/-145.4/-0.32% Candle:OF,Short day red ; HB:OF,1443,Short day green,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long36%FutCash;518;Opt92%
OI data Nifty ( max pain W21800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Britannia Industries, FSN E-Commerce Ventures (Nykaa), Birla Corporation, Computer Age Management Services, Endurance Technologies, Godrej Properties, JK Tyre & Industries, Lemon Tree Hotels, Max Financial Services, Nazara Technologies, NLC India, Trident, Tata Teleservices (Maharashtra), Welspun Corp and Zaggle Prepaid Ocean Services will be reporting their December quarter earnings on February 6.
The NSE has added National Aluminium Company and UPL to the F&O ban list for February 6, while retaining Hindustan Copper, India Cements, Indus Towers, and Zee Entertainment Enterprises to the said list. SAIL was removed from the said list.
Nifty:21853.8/156.35/0.72%;Candle:OGU,Doji; Bank Nifty:45970.95/217.7/0.47% Candle:OGU,Short day red ; HB:OGU,Short day red,1456,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long33%FutCash;70;Opt96%
OI data Nifty ( max pain W21900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Bharti Airtel, Alembic Pharmaceuticals, Ashok Leyland, ASK Automotive, Sun Pharma Advanced Research Company, Bajaj Electricals, Barbeque-Nation Hospitality, Ideaforge Technology, Tata Chemicals, Triveni Turbine, Varun Beverages, and Vijaya Diagnostic Centre will be in focus ahead of quarterly earnings on February 5.
The NSE has added Hindustan Copper to the F&O ban list for February 5, while retaining India Cements, Indus Towers, SAIL, and Zee Entertainment Enterprises to the said list
Market wrap up(DWM,T,N,E):With the formation of Shooting Star as well as Double Top kind of patterns formation on the daily charts in an uptrend after hitting record high on February 2, the benchmark Nifty 50 is expected to be volatile in coming sessions, experts said. Both are bearish reversal patterns. Hence, according to experts, for further uptrend, the index has to give a strong closing above its new record high 22,134, otherwise till then, the volatility may sustain with support at 21,700, and 21,500 is expected to be key support. On February 2, the BSE Sensex rallied 440 points to close at 72,086, while the Nifty 50 surged more than 400 points intraday and hit a new record high, but lost 280 points from that high to settle with 156 points gains at 21,854. It was up 2.35 percent for the budget week. With Friday’s run, the previous crucial opening downside gap (bearish breakaway gap) of January 7 has been filled completely and that has nullified the bearish effect as per the gap theory. “Friday’s swing high could also be considered as a Double Top type formation after the confirmation,” Nagaraj Shetti, senior technical research analyst, HDFC Securities said. He feels the short-term uptrend status of Nifty remains intact, but the overall chart pattern suggests a possibility of high volatility at the new highs. Any attempt of upmove from here could encounter strong resistance around 22,100-22,200 levels and that could possibly result in short-term weakness from the highs. Immediate support is at 21,700 levels, According to Ajit Mishra, SVP – technical research at Religare Broking, too, the Nifty needs a decisive close above 22,150 to mark the next leg of the upmove towards 22,500+ else rangebound bias would continue. The broader markets also closed off day’s high with the Nifty Midcap 100 and Smallcap 100 indices gaining 0.4
