Nifty:22096.75/84.8/0.39%;Candle:OGD,Long day green; Bank Nifty:46863.7/178.85/0.38% Candle:OF,Short day green, ; HB:OF,Short day red,1443,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-3310;Opt%
OI data Nifty ( max pain W22100M)
OI data Bank Nifty Nifty(max pain W M)
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The NSE has retained Biocon, SAIL, Tata Chemicals and Zee Entertainment Enterprises to the F&O ban list for March 26. Balrampur Chini Mills, Indus Towers, and Piramal Enterprises were removed from the said list.
Market wrap up(DWM,T,N,E ):Though the market rebounded nearly 400 points from the low of last week, it is expected to be rangebound and volatile in the coming truncated week, experts said, adding the key hurdle on the higher side is expected to be 22,300 and the crucial support is likely to be 21,700 on the Nifty 50. The breaking of either side of the range can give firm direction to the market, while the monthly F&O expiry-led volatility is also likely to be seen. On March 22, the BSE Sensex climbed 191 points to 72,832, while the Nifty 50 gained 85 points at 22,097 and formed bullish candlestick pattern on the daily charts with above average volumes, while on the weekly scale, the index formed small bullish candle with long lower shadow which resembles Hammer kind of pattern (not a classic one). The index rose 0.3 percent during the week. “The recent pullback from the lows of 21,710 appears to be overlapping and hence we conclude that it is a retracement of the fall and not the beginning of a new leg of upmove,” Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas said. He feels the Nifty is likely to consolidate in the range 22,300 – 21,700 in the absence of any near term triggers ahead of the quarterly results announcement which starts during the third week of April. Shilpa Rout, AVP – Derivatives Research at Prabhudas Lilladher also agreed with Jatin, saying the support for Nifty now stands around 21,700 and the resistance is very strongly placed around 22,300. “Until we breach either side of the range, the same kind of volatility might continue.” The volatility dropped for third consecutive session, making the bulls more comfortable. India VIX, the fear index, declined 2.34 percent to 12.22 from 12.51 levels, while the Nifty Midcap 100 and Smallcap 100 indices gained six tenth of a percent each.
