Nifty:22419.95/-150.4/-0.67%;Candle:OGU,; Bank Nifty:48201.05/-293.9/-0.61% Candle:OGU,Short day red, ; HB:OGU,Doji,1511,,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long35%FutCash;-3409;Opt90%
OI data Nifty ( max pain W22500M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:UltraTech Cement, Birlasoft, Can Fin Homes, Fedbank Financial Services, Indostar Capital Finance, Jana Small Finance Bank, KFin Technologies, KPIT Technologies, PNB Housing Finance, Poonawalla Fincorp, Shoppers Stop, Tata Chemicals, Trent, and UCO Bank will release March quarter earnings on April 29.
The NSE has retained Vodafone Idea to the F&O ban list for April 29.
Market wrap up(DWM,T,N,E):The formation of the dark cloud cover pattern on the daily charts on April 26, the first day of May series, after consistent uptrend in the last five sessions indicated some nervousness on the Street , But, as long as the Nifty 50 holds 22,300 point, the low of last Thursday’s long bull candle which has decisively filled the downside gap created on April 15, any major selling pressure looks unlikely, whereas on the higher side, 22,600 is expected to be a crucial hurdle for further uptrend towards the 22,800 level, experts said. On April 26, the BSE Sensex jumped 609 points to 73,730, while the Nifty 50 was down 150 points at 22,420. “After a decisive upside breakout of the crucial downside gap resistance of April 15 on Thursday at 22,500 levels, the Nifty subsequently reacting down in the next session may not be a good sign for bulls,” Nifty seems to have reversed down after a reasonable rise from the lows. “Immediate support is placed at 22,300 and the weakness below this support could trigger more declines ahead. Immediate resistance is at 22,625 levels,” According to Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas, until the zone (22,560 – 22,625) is not taken out decisively, one can expect the consolidation to continue. The Nifty Midcap 100 and Smallcap 100 indices continued to trade higher for sixth consecutive session, rising 0.8 percent and 0.6 percent respectively.
