Nifty:24347/-20.5/-0.08%;Candle:OGD,Doji; Bank Nifty:50577.95/93.45/0.19% Candle:OGD,Short day green ; HB:OGD,Short Day Green,1660,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long51%FutCash;+4681;Opt93%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Sun TV Network
Stocks retained in F&O ban: Aditya Birla Capital, Aditya Birla Fashion and Retail, Bandhan Bank, Biocon, Birlasoft, Granules India, Hindustan Copper, India Cements, IndiaMART InterMESH, LIC Housing Finance, Manappuram Finance, Punjab National Bank, RBL Bank, SAIL
Stocks removed from F&O ban: GNFC
Market wrap up(DWM,T,N,E):The market did not experience a major impact from the Hindenburg allegations, showing a smart recovery from the day’s low to close with only a small loss of 21 points at 24,347 on August 12. The Nifty 50 remained above the 5-day EMA (24,318), but failed to close above the 21-day EMA (24,391). Experts suggest that until the index decisively closes and sustains above 24,400, the consolidation is expected to continue, with immediate support in the 24,300-24,200 zone. However, if it rises above 24,400, the next level to watch will be 24,700. The Nifty has formed a small bullish candlestick pattern with long upper and lower shadows, resembling a High Wave candlestick pattern on the daily charts, indicating volatility ahead. Momentum indicators, such as RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence), remain negative.
