Nifty:23259.2/-30.95/-0.13%;Candle:OF,Short day red; Bank Nifty:49780.9/-22.3/-0.04% Candle:OF,Doji ; HB:OF,Short day red,1563,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long34%FutCash;2572;Opt97%
OI data Nifty ( max pain W23150M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Securities banned under the F&O segment include companies where derivative contracts cross 95 percent of the market-wide position limit.Stocks in F&O ban: India Cements, Balrampur Chini, SAIL and Zee Enterprises.
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 index is consolidating in a narrow range, after slipping lower from the highs of Monday. The index posted a record high of 23,411.90 during trade but encountered trendline resistance, which led to profit booking. Experts believe the broader trend remains positive but some consolidation or pullback moves cannot be ruled out, as the overbought setup cools off. Any correction will be seen as part of the uptrend, as the daily and weekly readings are still positive. Support for Nifty is placed in the range of 23,000 to 22,850. On the higher side, resistance is seen around 23,500, followed by 23,900, which is the retracement level from recent correction.
