Nifty:22011.95/172.85/0.79%;Candle:OF,Doji; Bank Nifty:46684.9/374/0.81% Candle:OGU,Doji ; HB:OGU,Doji,1445
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long33%FutCash;-1827;Opt96%
OI data Nifty ( max pain W22000M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Market wrap up(DWM,T,N,E):The market recorded healthy gains and successfully reclaimed the 50-day EMA (exponential moving average) on March 21 after a Doji candlestick pattern formation in the previous session, indicating a strong bullish reversal. Hence, the Nifty 50 is likely to march towards the 22,100-22,300 zone initially with support at 21,700 and once it manages to sustain above 22,300 then a rally towards record highs can’t be ruled out, experts said. On March 21, the BSE Sensex jumped 540 points to 72,641, while the Nifty 50 rose 173 points to 22,012 after a positive opening and formed small-bodied bullish candlestick pattern with upper and lower shadow on the daily charts. The buy-on-dips strategy is expected to remain viable as long as the Nifty maintains levels above 21,840, he advised. Shrikant Chouhan, head of equity research at Kotak Securities expects that 21,950 would act as a trend decider level above which the bull run is likely to continue. “On the higher side, short-term resistance lies at 22,150-22,200. However, below 21,950 traders may prefer to exit from the trading long positions,” said Chouhan. The declining volatility also supported the market, giving confidence to bulls. The India VIX, the fear index, fell by 7.12 percent to the 12.51 level, while the BSE Midcap and Smallcap indices gained more than 2.4 percent each. The NSE has added SAIL to the F&O ban list for March 22, while retaining Balrampur Chini Mills, Biocon, Indus Towers, Piramal Enterprises, Tata Chemicals and Zee Entertainment Enterprises on the said list. Hindustan Copper and RBL Bank were removed from the said list.
