Nifty:21997.7/-338/-1.51%;Candle:OGU,Long day red; Bank Nifty:46981.3/-301.1/-0.64% Candle:OF,Short day red ; HB:OGU,Short day red, 1460
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long40%FutCash;-4595;Opt95%
OI data Nifty ( max pain W22100M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added RBL Bank to the F&O ban list for March 14, while retaining Aditya Birla Fashion & Retail, Hindustan Copper, Manappuram Finance, National Aluminium Company, Piramal Enterprises, SAIL, Tata Chemicals and Zee Entertainment Enterprises on the said list. Mahanagar Gas was removed from the said ban list.
Market wrap up(DWM,T,N,E):With the nervousness across large-, mid- and small-caps, the bears are expected to keep control over Dalal Street in the coming sessions too. If the Nifty 50 decisively breaks the 21,860 level (the key level for the continuation of higher highs and higher lows formation), then 21,700-21,500 can be the levels to watch going ahead, but if the index manages to rebound, it may face a hurdle at 22,200-22,300 on the higher side, experts said. On March 13, the bloodbath in broader markets on overvaluation concerns raised by the market regulator dented sentiment. The Sensex plunged 906 points to 72,762, while the Nifty 50 fell 338 points or 1.51 percent (the biggest single-day correction since January 23) to 21,998, and formed a large bearish candlestick pattern on the daily charts. The Nifty has experienced a breakdown from a rising channel on the daily chart, signalling the conclusion of the previous uptrend and the potential beginning of a downtrend. Additionally, the index has descended below the recent consolidation phase on the daily timeframe, further emphasizing the increasing weakness. “The relative strength index (RSI) with a period of 14 is showing a bearish crossover and has dropped below the 50 mark. In the short term, the index may continue to be susceptible to selling pressure with resistance anticipated around 22,250. On the downside, support levels are positioned at 21,800 and 21,700,” After the turmoil, Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas changed the short-term outlook to sideways and feels the range of consolidation is likely to be 21,500 – 22,300. The broader markets saw major selling pressure with the Nifty Midcap 100 index falling 4.4 percent and Smallcap 100 declining 5.3 percent. About 23 shares declined for every rising share on the NSE.
