- Nik, Dj, Vix
- Oil, Gold, Bonds, Dollar,
- Nifty:%;Candle:OGD,Long day green; Bank Nifty:% Candle:OGD,Long day green ; HB:OGD,Short day green,1512
- Nifty :Supp Rest
- Banknifty:Supp Rest .
- Gift Nifty:% FII Long39%FutCash;-2823;Opt93%
- OI data Nifty ( max pain W22500M)
- OI data Bank Nifty Nifty(max pain W M)
- News:
- Events/Results:
- The NSE has added Vodafone Idea to the F&O ban list for April 26, while removing Aditya Birla Fashion & Retail, SAIL, and Hindustan Copper from the ban
- Market wrap up(DWM,T,N,E):Given the major strength in the bulls camp with decisively breaking out the consolidation range and climbing above all key moving averages, the Nifty 50 is expected to march towards 22,700-22,800 in the coming sessions of the May series, with immediate support at 22,500 and key support at 22,300 level. Still, considering the consistent uptrend in the previous five consecutive sessions, a bit of consolidation can’t be ruled out before getting into new leg of up move, experts said. On April 25, the expiry day for April derivative contracts, the BSE Sensex rallied 487 points to 74,339, while the Nifty 50 rose 168 points to 22,570 and formed a strong bullish candlestick pattern on the daily charts which engulfed the previous two red candles. In fact, the index has surpassed the crucial overhead resistance of opening the downside gap of April 15 at around 22,500 levels. This is a positive indication and is expected to result in more upside for the market ahead, Nagaraj Shetti, senior technical research analyst at HDFC Securities said. The positive chart pattern like higher tops and bottoms is on the cards. Having formed a new higher bottom in the last week at 21,777 and has moved above the key hurdle, the Nifty is expected to move up from here to form a new higher top of the pattern around 22,800 levels, he feels. Overall, he believes the short-term uptrend seems to have resumed after a small pause. “Immediate support is at 22,470.” Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas also feels the hourly momentum indicator has triggered a positive crossover which is a buy signal. Thus he expects the positive momentum to continue over the next few trading sessions.
Things to note(Traders&Investors):26 April 2024 Fri ,@8.20AM Clone
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