Nifty:22597.8/68.75/0.31%;Candle:OGD,Short day green; Bank Nifty:47781.95/266.25/0.55% Candle:OGD,Short day red ; HB:OGD,1464.,Short day green,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long31%FutCash;-686;Opt92%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Hindustan Copper, Metropolis Healthcare
Stocks retained in F&O ban: Aditya Birla Capital, Balrampur Chini Mills, Bandhan Bank, Biocon, Vodafone Idea, Indian Energy Exchange, India Cements, National Aluminium Company, Piramal Enterprises, Punjab National Bank, and Zee Entertainment Enterprises.
Stocks removed from F&O ban: GMR Airports Infrastructure, Granules India
Market wrap up(DWM,T,N,E):Despite elevated volatility, bulls seem to be in a position to not easily relinquish control to bears. The Nifty 50 sustained an uptrend for five days in a row and reached near the critical hurdle of 22,600, despite a correction in the Bank Nifty. Furthermore, the index continued to see higher highs formation while trading above all key moving averages, as well as maintaining a positive bias in the momentum indicator RSI (relative strength index placed at 59.12). Hence, the trend remains positive. Experts feel that if the index closes and holds above 22,600 in the coming sessions, then the index’s journey towards 22,800 can’t be ruled out. Till then, it may consolidate with support at 22,500-22,400 levels. The Nifty 50 climbed 69 points or 0.51 percent to 22,598 on Wednesday and formed a bullish candlestick pattern with a long lower shadow on the daily charts, indicating support-based buying interest. Meanwhile, the Bank Nifty extended its correction for the second consecutive session and formed a bearish candlestick pattern with a long lower shadow on the daily timeframe. The index recovered nearly 350 points from the day’s low before closing 266 points or 0.55 percent lower at 47,782.
