Nifty:24836.1/1.25/0.01%;Candle:OGU,Short day red; Bank Nifty:51406.25/110.3/0.2% Candle:OGU,Short day red ; HB:OGU,1605,Short day red
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long65%FutCash;-2575;Opt103%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: India Cements
Stocks retained in F&O ban: Nil
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market staged a spectacular start to the week, moving closer to the 25,000 mark, but wiped out gains in the second half and closed flat on July 29. The benchmark indices recorded a new closing high, with the Nifty 50 finishing the session at 24,836.10, up 1.25 points. The 24,600-24,500 zone is likely to be a key support area. However, if the index holds 24,800 in the coming sessions amid likely consolidation, then the 25,000-25,200 range is the area to watch on the higher side, experts said. The Nifty 50 has formed a bearish candlestick pattern on the daily charts with above-average volumes. The momentum indicator RSI (Relative Strength Index) shows negative divergence, although the higher highs-higher lows formation continued for another session, indicating the possibility of consolidation overall.
