Nifty:24055.6/-662.1/-2.68%;Candle:OGD,Long day red; Bank Nifty:50092.1/-1258.05/-2.45% Candle:OGD,Long day red ; HB:OGD,Short day red,1623,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long60%FutCash;-10074;Opt95%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
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Events/Results:
Stocks added to F&O ban: Hindustan Copper
Stocks retained in F&O ban: Aditya Birla Capital, Birlasoft, Chambal Fertilisers and Chemicals, GNFC, Granules India, India Cements, IndiaMART InterMESH, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market extended significant losses for another session, dropping 2.7 percent following severe global weakness on August 5. The Nifty 50 has broken the crucial support of 24,500, finishing at 24,056, down 662 points or 2.68 percent. Experts anticipate further selling pressure due to consecutive gap-down openings. If the index decisively breaks 24,000, the next downside level to watch is 23,600. In case of a bounce back, it may face resistance in the 24,200-24,400 zone. The Nifty 50 has formed a long bearish candlestick pattern on the daily charts with above-average volumes, while momentum indicators such as the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) are showing a negative trend. The index defended its 50-day EMA (Exponential Moving Average) at 23,964.
