Nifty:22932.45/24.65/0.11%;Candle:OGU,Short day red; Bank Nifty:49281.8/310.15/0.63% Candle:OGU,Short day green ; HB:OF,short day green,1528,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long52%FutCash;-541;Opt94%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Nil
Stocks retained in F&O ban: Biocon, GNFC, Hindustan Copper, Vodafone Idea, and Piramal Enterprises
Stocks removed from F&O ban: Bandhan Bank, India Cements, National Aluminium Company, and Punjab National Bank
Market wrap up(DWM,T,N,E):The Nifty 50 tried hard to hold on to the psychological 23,000 mark for the second consecutive session but failed, closing moderately in the red amid rising volatility as bulls gave up control to bears on May 27. This indicates that market participants may be maintaining a cautious approach ahead of the expiry of May derivative contracts and the exit polls due later in the week, although the trend remains in favour of bulls. Hence, the index is likely to consolidate around the 23,000 mark in the coming sessions and may once again attempt to hit the upper band of the rising channel (placed around 23,100-23,200). If the index manages to close and sustain above these levels, then 23,500 is the level to watch, with support at 22,800, experts said. The Nifty 50 touched an intraday record high of 23,111 but lost ground in the last hour of trade, closing at 22,932, down 25 points, forming a bearish candlestick pattern on the daily charts. Meanwhile, the Bank Nifty continued to perform better than the benchmark Nifty 50, rising 310 points, or 0.63 percent, to 49,281. The index reported a bullish candlestick pattern with a long upper shadow on the daily charts, indicating profit booking at higher levels
