Monthly Archives: July 2024

Things to note(Traders&Investors):15 JuLy 2024 Mon,@8.20AM Clone

  • Nik, Dj, Vix
  • Oil,  Gold, Bonds, Dollar,
  • Nifty:24502.15/186.2/0.77%;Candle:OF,Short day green; Bank Nifty:52278.9/8.25/0.02% Candle:OF,Doji ; HB:OF,Doji,1628,Doji,
  • Nifty :Supp Rest
  • Banknifty:Supp Rest .
  • Gift Nifty:%     FII Long%FutCash;4022;Opt%
  • OI data Nifty  ( max pain WM)
  • OI data Bank Nifty Nifty(max pain W M)
  • News:
  • Events/Results:
  • Stocks added to F&O ban: GMR Airports Infrastructure
  • Stocks retained in F&O ban: Aditya Birla Fashion & Retail, Balrampur Chini Mills, Bandhan Bank, Chambal Fertilisers and Chemicals, GNFC, Indian Energy Exchange, India Cements, Indus Towers, Piramal Enterprises, RBL Bank
  • Market wrap up(DWM,T,N,E):The market staged a healthy performance after consolidation and recorded a new all-time high on July 12, closing above 24,500 for the first time. The index gained 186 points on Friday and 178 points for the week. If the index manages to sustain above 24,400, then a further march towards 24,800 seems likely in the coming sessions, with crucial support at 24,300, experts said.  The Nifty 50 formed a bullish candlestick pattern on the daily charts with above-average volumes and a higher top-higher bottom formation, after defending the rising support trendline and the 10-day EMA (Exponential Moving Average). It sustained higher highs formation for the eighth consecutive week and formed a bullish candlestick pattern with a minor lower shadow on the weekly charts.

Things to note(Traders&Investors):12 JuLy 2024 Fri,@8.20AM

  • Nik, Dj, Vix
  • Oil,  Gold, Bonds, Dollar,
  • Nifty:%;Candle:OGU,Doji; Bank Nifty:% Candle:OGU,Doji ; HB:OGU,Doji
  • Nifty :Supp Rest
  • Banknifty:Supp Rest .
  • Gift Nifty:%     FII Long78%FutCash;-1137;Opt109%
  • 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: Aditya Birla Fashion & Retail, Balrampur Chini Mills, Bandhan Bank, Chambal Fertilisers and Chemicals, GNFC, Indian Energy Exchange, India Cements, Indus Towers, Piramal Enterprises, RBL Bank
  • Stocks removed from F&O ban: Nil
  • Market wrap up(DWM,T,N,E):The Nifty 50 closed flat with a negative bias after recouping more than 100 points from the day’s low, still holding on to 24,300 on a closing basis and 24,100 intraday. If the index manages to sustain these levels, then 24,500 is the level to watch in the coming sessions, while 24,000 is likely to act as a crucial support, experts said. It defended the 10-day EMA (24,212) for another session.

Things to note(Traders&Investors):11 JuLy 2024 Thurs,@8.20AM Clone

  • Nik, Dj, Vix
  • Oil,  Gold, Bonds, Dollar,
  • Nifty:24324.45/-108.75/-0.45%;Candle:OGD,Short day Green; Bank Nifty:52189.3/-379.5/-0.72% Candle:OF,Long day red ; HB:OF,Doji red,1629,
  • Nifty :Supp Rest
  • Banknifty:Supp Rest .
  • Gift Nifty:%     FII Long%FutCash;;Opt%
  • OI data Nifty  ( max pain WM)
  • OI data Bank Nifty Nifty(max pain W M)
  • News:
  • Events/Results:
  • Stocks added to F&O ban: RBL Bank
  • Stocks retained in F&O ban: Aditya Birla Fashion & Retail, Balrampur Chini Mills, Bandhan Bank, Chambal Fertilisers and Chemicals, GNFC, Indian Energy Exchange, India Cements, Indus Towers, Piramal Enterprises
  • Stocks removed from F&O ban: Nil
  • Market wrap up(DWM,T,N,E):The market almost eased all its previous day’s gains and closed half a percent lower, although it tested fresh record highs intraday on July 10. The Nifty fell 109 points to 24,324 due to profit booking. Further major upside is possible only above 24,460. Until then, consolidation may continue with support at the 24,200 level, and below that, 24,000 is the level to watch, experts said. The Nifty 50 formed a bearish candlestick pattern with a long lower shadow, resembling a Bearish Engulfing kind of pattern (not a classical one) on the daily charts at the top, which is a negative sign and indicates caution for bulls.

Things to note(Traders&Investors):10 JuLy 2024 Wed,@8.20AM Clone

  • Nik, Dj, Vix
  • Oil,  Gold, Bonds, Dollar,
  • Nifty:24433.2/112.65/0.46%;Candle:OF,Long day green; Bank Nifty:52568.8/143/0.27% Candle:OF,Doji ; HB:OF,Doji,1639,
  • Nifty :Supp Rest
  • Banknifty:Supp Rest .
  • Gift Nifty:%     FII Long84%FutCash;314;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: Balrampur Chini Mills, Indian Energy Exchange
  • Stocks retained in F&O ban: Aditya Birla Fashion & Retail, Bandhan Bank, Chambal Fertilisers and Chemicals, GNFC, India Cements, Indus Towers, Piramal Enterprises
  • Stocks removed from F&O ban: Hindustan Copper
  • Market wrap up(DWM,T,N,E):The market hit a new all-time high after consolidating for a couple of trading sessions, with the Nifty 50 closing above 24,400 for the first time, on July 9. The index settled at 24,433, up 113 points. Given the strong momentum, the index is likely to climb above 24,500 in the coming sessions, followed by 24,800, while the immediate key support is placed at 24,300, experts said.

Things to note(Traders&Investors): 9 JuLy 2024 Tues,@8.20AM Clone

  • Nik, Dj, Vix
  • Oil,  Gold, Bonds, Dollar,
  • Nifty:24320.55/-3.3/-0.01%;Candle:OF,Doji; Bank Nifty:52425.8/-234.55/-0.45% Candle:OF,Doji ; HB:OF,1636,Doji,
  • Nifty :Supp Rest
  • Banknifty:Supp Rest .
  • Gift Nifty:%     FII Long84%FutCash;61;Opt107%
  • OI data Nifty  ( max pain WM)
  • OI data Bank Nifty Nifty(max pain W M)
  • News:
  • Events/Results:
  • Stocks added to F&O ban: Chambal Fertilisers and Chemicals, Indus Towers
  • Stocks retained in F&O ban: Aditya Birla Fashion & Retail, Bandhan Bank, GNFC, Hindustan Copper, India Cements, Piramal Enterprises
  • Stocks removed from F&O ban: Nil
  • Market wrap up(DWM,T,N,E):The benchmark indices traded within the previous day’s range and closed the rangebound session on a flat note on July 8. The Nifty 50 held onto 24,300 for three days in a row, falling 3.3 points to 24,321. As long as this level holds, the index is likely to hit 24,500 after ongoing consolidation, while 24,200 is the immediate key support area for the index, experts said.  The Nifty 50 formed a Doji kind of candlestick pattern (not a classical one) after a bullish candle in the previous session, indicating the possibility of consolidation going ahead. The overall trend remains positive given the continuation of the higher tops-higher bottoms formation.

Things to note(Traders&Investors):8 JuLy 2024 Mon ,@8.20AM Clone

  • Nik, Dj, Vix
  • Oil,  Gold, Bonds, Dollar,
  • Nifty:24335.15/21.7/0.09%;Candle:OGD,Short day green; Bank Nifty:52660.35/-443.35/-0.83% Candle:OGDDoji ; HB:OGD,1649.4,Short day red ,
  • Nifty :Supp Rest
  • Banknifty:Supp Rest .
  • Gift Nifty:%     FII Long84%FutCash;1241;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: GNFC
  • Stocks retained in F&O ban: Aditya Birla Fashion & Retail, Bandhan Bank, Hindustan Copper, India Cements, Piramal Enterprises
  • Stocks removed from F&O ban: Nil
  • Market wrap up(DWM,T,N,E):The market made a strong comeback as bulls overpowered bears in late trade on July 5. The Nifty 50 recovered more than 150 points from the day’s low to close above 24,300 for another session, with a gain of 22 points, while it was up 1.3 percent for the week. Hence, experts see the index rising towards the 24,400-24,500 zone soon, with immediate support at the 24,200 level. The Nifty 50 formed a bullish candlestick pattern on the daily charts after the late trade recovery, with a positive bias in momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence). There was a long green candle on the weekly scale with a higher high-higher low formation.

Things to note(Traders&Investors): 5JuLy 2024 Fri,@8.20AM Clone

  • Nik, Dj, Vix
  • Oil,  Gold, Bonds, Dollar,
  • Nifty:24302.15/15.65/0.06%;Candle:OGU,; Bank Nifty:53103.7/14.45/0.03% Candle:OGU, ; HB:OGD,Long day red,1728,
  • Nifty :Supp Rest
  • Banknifty:Supp Rest .
  • Gift Nifty:%     FII Long84%FutCash;2576;Opt110%
  • 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, Bandhan Bank, Piramal Enterprises
  • Stocks retained in F&O ban: Hindustan Copper, India Cements
  • Stocks removed from F&O ban: Nil
  • Market wrap up(DWM,T,N,E):The market recorded a fresh closing high for another session despite range-bound trade on July 4. The BSE Sensex ended above the 80,000 mark for the first time, while the Nifty 50 reached the 24,400 level before closing 16 points higher at 24,302 on the weekly expiry F&O session. Experts expect the index to consolidate with immediate support at 24,200, followed by crucial support at 24,000, while 24,400-24,500 could be a hurdle on the higher side.  The Nifty 50 formed a bearish candlestick pattern with a minor upper shadow on the daily charts, indicating a lackluster kind of movement at the highs. However, the index continued its higher highs-higher lows formation with a positive bias in momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence).

Things to note(Traders&Investors): 4 JuLy 2024Thurs ,@8.20AM

  • Nik, Dj, Vix
  • Oil,  Gold, Bonds, Dollar,
  • Nifty:24286.5/162.65/0.67%;Candle:OGU,Doji; Bank Nifty:53089.25/921.15//1.7% Candle:OGU,Short day Green ; HB:OGU,Short day red,1768,
  • Nifty :Supp Rest
  • Banknifty:Supp Rest .
  • Gift Nifty:%     FII Long84%FutCash;5484;Opt107%
  • 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
  • Stocks retained in F&O ban: India Cements
  • Stocks removed from F&O ban: Indus Towers
  • Market wrap up(DWM,T,N,E):Bulls took back control over Dalal Street from bears, driving the benchmark indices to a new closing high on July 3. The Nifty 50 achieved the 24,300 level before closing 163 points higher at 24,287. If the index manages to hold 24,200, then 24,500 can’t be ruled out in the coming sessions. Until then, consolidation may continue with support at the 24,000 mark.

Things to note(Traders&Investors):3 JuLy 2024 Wed,@8.20AM

  • Nik, Dj, Vix
  • Oil,  Gold, Bonds, Dollar,
  • Nifty:24123.85/-18.1/-0.07%;Candle:OGU,Short day red; Bank Nifty:52168.1/-406.65/-0.77p% Candle:OGU,Long day red ; HB:OGU,1728,Short day green
  • Nifty :Supp Rest
  • Banknifty:Supp Rest .
  • Gift Nifty:%     FII Long82%FutCash;-2000;Opt104%
  • OI data Nifty  ( max pain WM)
  • OI data Bank Nifty Nifty(max pain W M)
  • News:
  • Events/Results:
  • tocks added to F&O ban: Nil
  • Stocks retained in F&O ban: India Cements, Indus Towers
  • Stocks removed from F&O ban: Nil
  • Market wrap up(DWM,T,N,E):The market turned rangebound after hitting a new high and closed flat with a negative bias on July 2. The Nifty 50 climbed above 24,200 for the first time, before ending 18 points down at 24,124. The index is likely to consolidate as long as it stays below 24,200 on a closing basis, with immediate support at 24,000. If it closes and sustains above 24,200, then 24,500 is the level to watch. Here are 15 data points we have collated to help you spot profitable trades: The Nifty 50 formed a bearish candlestick pattern on the daily charts, although there was a higher high-higher low formation. The momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) remained positive on the higher timeframes.

Things to note(Traders&Investors):2 JuLy 2024 Tues,@8.20AM

  • Nik, Dj, Vix
  • Oil,  Gold, Bonds, Dollar,
  • Nifty:24141.95/131.35/0.55%;Candle:OF,Short day green; Bank Nifty:52574.75/232.5/0.44% Candle:OF,Short day green ; HB:OF,Short day green,1794
  • Nifty :Supp Rest
  • Banknifty:Supp Rest .
  • Gift Nifty:%     FII Long83%FutCash;-426;Opt105%
  • OI data Nifty  ( max pain WM)
  • OI data Bank Nifty Nifty(max pain W M)
  • News:
  • Events/Results:
  • Market wrap up(DWM,T,N,E):The market started the week on a positive note on July 1, with breadth favourable for bulls. The Nifty 50 rallied 131 points to end at a new all-time closing high of 24,142 after a day of small profit-taking. Experts expect the index to hit 24,200, followed by 24,500 in the coming sessions, provided it holds 24,000 as immediate support and 23,800 as crucial support. Here are 15 data points we have collated to help you spot profitable trades: The Nifty 50 formed a bullish candlestick pattern following a red candle, with a positive bias in the momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence), while it sustained above the rising channel.