Nifty:22888.15/-44.3/-0.19%;Candle:OGU,Short day red; Bank Nifty:49142.15/-139.65/-0.28% Candle:OGU,Short day red ; HB:OGU,Doji,1529,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long54%FutCash;3231;Opt95%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Aditya Birla Fashion & Retail
Stocks retained in F&O ban: Biocon, Hindustan Copper, Vodafone Idea, and Piramal Enterprises
Stocks removed from F&O ban: GNFC
Market wrap up(DWM,T,N,E):The Nifty 50 lost ground in the last hour of trade amid consistent volatility, maintaining a downward move for the third consecutive session on May 28. The index failed to surpass 23,000 and closed just below 22,900. Market participants preferred to book profits, and bulls seem to be cautious given the rising volatility to a fresh two-year high. Even the chart formations indicated the exhaustion of bullish strength, which might attract a price-wise correction post-rally, experts believe. On the levels front, 23,000 is expected to be a crucial hurdle for the index as it needs to give a strong close above this level for a rally towards 23,100-23,200. Until then, consolidation may continue with immediate support at 22,800, and then 22,600 levels. he Nifty 50 lost ground in the last hour of trade amid consistent volatility, maintaining a downward move for the third consecutive session on May 28. The index failed to surpass 23,000 and closed just below 22,900. Market participants preferred to book profits, and bulls seem to be cautious given the rising volatility to a fresh two-year high. Even the chart formations indicated the exhaustion of bullish strength, which might attract a price-wise correction post-rally, experts believe. On the levels front, 23,000 is expected to be a crucial hurdle for the index as it needs to give a strong close above this level for a rally towards 23,100-23,200. Until then, consolidation may continue with immediate support at 22,800, and then 22,600 levels.
