Nifty:22123.65/118.95/0.54%;Candle:OGU,Doji; Bank Nifty:46785.95/185.75/0.4% Candle:OGU, Short day green; HB:OGU,1444;Long day green
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long31%FutCash;2170;Opt93%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
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The NSE has added Hindustan Copper and Zee Entertainment Enterprises to the F&O ban list for March 28. SAIL was removed from the said list
Market wrap up(DWM,T,N,E):The market gained strength amid recent consolidation and climbed above the downward-sloping resistance trendline on a closing basis. If the Nifty 50 sustains above the same trendline in the coming days, then the index may take a leap towards record highs in coming sessions with support on the downside at the 21,900 mark, experts said. On March 27, the benchmark indices recouped all the previous day’s losses. The BSE Sensex rallied 526 points to 72,996, while the Nifty 50 was up 119 points at 22,124 ahead of the expiry of March derivative contracts and formed a bullish candlestick pattern on the daily charts. Now, the index traded above all key moving averages. “On Wednesday, the Nifty 50 moved up above 22,100 and closed above it as well. The short-term momentum appears positive, supported by a crossover in the RSI (relative strength index 14) indicator. The trend is likely to remain positive as long as it stays above 22,000,” Rupak De, senior technical analyst at LKP Securities said. On the higher end, it could potentially move towards 22,300 and beyond in the short term, he feels. Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas also believes that the retracement rally has more steam left and he expects the momentum to continue. On the broader markets front, the Nifty Midcap 100 index was up 0.06 percent and Smallcap 100 index rose nearly 1 percent.
