Nifty:25052.35/34.6/0.14%;Candle:OF,Doji; Bank Nifty:51143.85/-134.9/-0.26% Candle:OF,Doji ; HB:OF,Doji,1635
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long62%FutCash;-1347;Opt90%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Bandhan Bank, Granules India
Stocks retained in F&O ban: Hindustan Copper, India Cements
Stocks removed from F&O ban: Balrampur Chini Mills, Birlasoft
Market wrap up(DWM,T,N,E):The market continued to consolidate while maintaining an upward move for the tenth consecutive session, hitting a fresh record high and recording a new closing high on the Nifty 50 on August 28. The key drivers remain the positive bias in momentum indicators. Experts see a gradual upside in the index amid consolidation, targeting 25,200-25,300 in the coming sessions, with immediate support at 24,950 and crucial support at 24,800. The Nifty 50 formed a Doji-like candlestick pattern (though not a classical one) for another session, indicating consolidation and indecision among buyers and sellers regarding the future market trend. The momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) maintained a positive bias.
