Nifty:22332.65/-160.9/-0.72%;CandleOF,Long day red:; Bank Nifty:47327.85/-507.95/-1.06% Candle:OF,Long day red, ; HB:OGD,Long day red,1427,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long41%FutCash;4213;Opt97%
OI data Nifty ( max pain W22400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Aditya Birla Fashion & Retail, and Hindustan Copper to the F&O ban list for March 12, while retaining Manappuram Finance, Mahanagar Gas, SAIL, Tata Chemicals, and Zee Entertainment Enterprises on the said list.
Market wrap up(DWM,T,N,E):The market started the week on a negative note, but experts considered it as a normal profit booking after the recent upward rally. Hence, the consolidation is likely to continue in the coming days with support at 22,300-22,000, while 22,500 is expected to be a key hurdle on the higher side as above the same 22,600-22,800 can be the possibility, experts said. On March 11, the BSE Sensex plunged 617 points to 73,503, while the Nifty 50 declined 161 points to 22,333 and formed a long bearish candlestick pattern which indicates a reversal of the previous two sessions of upmove and resembles the Evening Star kind of pattern formation at the top (not an exactly one). “Generally, this pattern indicates short-term top reversal for the markets,” Nagaraj Shetti, senior technical research analyst at HDFC Securities said. He feels the short-term trend of Nifty seems to have turned down and the next lower levels to be watched around 22,100-22,050 levels. “Intraday resistance is at 22,525,” Shetti added. Shrikant Chouhan, head equity research at Kotak Securities also feels the chart pattern indicates temporary weakness is likely to continue shortly, though the short-term texture of the market is still on the positive side. The broader markets, too, were under pressure as the Nifty Midcap 100 index was down 0.4 percent and Nifty Smallcap 100 index fell 2 percent, while the India VIX jumped for the first time in eight consecutive sessions, rising 2.8 percent to 14 level.
