Nifty:22643.4/223.45/1%;CandleOGU,Long day green:; Bank Nifty:49424.05/1223/2.54% Candle:OGU,Long day green ; HB:OGU,Long day green,1529,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long43%FutCash;169;Opt94%
OI data Nifty ( max pain W22550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Indus Towers, Indian Oil Corporation, Adani Energy Solutions, Adani Total Gas, Castrol India, Central Bank of India, Cholamandalam Investment and Finance Company, Exide Industries, Fino Payments Bank, Five-Star Business Finance, Havells India, Nuvoco Vistas Corporation, REC, and Symphony will release quarterly earnings on April 30.
The NSE has added Biocon to the F&O ban list for April 30, while retaining Vodafone Idea to the said list.
Market wrap up(DWM,T,N,E):The market momentum turned strong especially after negating the bearish Dark Cloud Cover pattern formation seen in Friday’s trade and continued to trade above all key moving averages, which is a positive indication. Hence, the Nifty 50 is likely to move towards its previous record high of 22,776 in the coming sessions and closing above the same can take the index towards 23,000 mark in May series itself, with immediate support at 22,500 and key support at 22,300, experts said. On April 29, the BSE Sensex jumped 941 points or 1.28 percent to 74,671, while the Nifty 50 climbed 223 points or 1 percent to 22,643 and formed long bullish candlestick pattern on the daily charts, after the long negative candle of Friday. “Technically, this pattern indicates a counterattack of bulls and a negation of previous bearish pattern of Dark Cloud Cover of Friday. This is positive indication and is expected to open more upside in the coming sessions,” The crucial hurdle of 22,500 levels (opening downside gap of April 15) has been challenged once again on Monday and Nifty closed above the said resistance area. The larger degree bullish pattern of higher tops and bottoms is intact and the Nifty is now moving up towards the new higher top formation of the pattern (above 22,775 levels), “The next upside levels to be watched around 22,800-22,900. Immediate support is at 22,500,” Rajesh Bhosale, technical analyst at Angel One, also feels the Nifty is anticipated to venture into uncharted territory in the near future. Therefore, traders are advised to maintain a positive stance and view dips as buying opportunities, he advised. “The previous high zone around 22,775 – 22,800 is expected to serve as immediate resistance before the index heads towards the 23,000 mark,”
