Nifty:25383.75/27.25/0.11%;Candle:OGU,Doji; Bank Nifty:52153.15/215.1/0.41% Candle:OF,Doji ; HB:OF,Short day green,1671,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long68%FutCash;-1635;Opt101%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Birlasoft, GNFC, LIC Housing Finance
Stocks retained in F&O ban: Aarti Industries, Balrampur Chini Mills, Bandhan Bank, Chambal Fertilisers and Chemicals, Granules India, Hindustan Copper, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market closed moderately higher amid consolidation, with the Nifty 50 rising 27 points to 25,384 on September 16, after hitting a fresh intraday record high. The continuation of higher tops and higher bottoms is one of the key drivers. The 25,400 level has remained a key hurdle for the index for three days in a row. Experts suggest that the index is likely to consolidate until it gives a decisive close above this level, with the 25,500-25,600 zone being one to watch. Meanwhile, 25,300-25,200 is expected to act as a support area.
Nifty:25356.5/-32.4/-0.13%;Candle:OGU,Doji; Bank Nifty:51938.05/165.65/0.32% Candle:OGU.Doji ; HB:OGU,Short day red,1666
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long67%FutCash;2365;Opt99%
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: Aarti Industries, Balrampur Chini Mills, Bandhan Bank, Chambal Fertilisers and Chemicals, Granules India, Hindustan Copper, RBL Bank
Stocks removed from F&O ban: Aditya Birla Fashion and Retail
Market wrap up(DWM,T,N,E):The market saw profit booking after a day of sharp rally, with the Nifty 50 falling 32 points on September 13. However, for the week, it recouped all its previous week’s losses, rallying 2 percent to end at a new weekly closing high of 25,357. Going forward, experts expect the trend to remain positive. A strong close above 25,400 is likely to drive the Nifty towards 25,800, but until then, consolidation may be seen, with immediate support at 25,200, followed by 25,000 being crucial. The Nifty 50 formed a bearish candlestick pattern on the daily charts but stayed above all key moving averages. On the weekly scale, it recorded a Bullish Engulfing pattern, which is a positive sign.
Market wrap up(DWM,T,N,E):Domestic indices witnessed significant volatility in Wednesday’s trading session as investors awaited the August US consumer inflation report, which will influence the scale of an anticipated interest rate cut by the Federal Reserve next week. The benchmark indices closed weaker, with the Sensex falling 398 points, or 0.49 percent, to 81,523.16, and the Nifty dropping 122.65 points, or 0.49 percent, to 24,918.45. A total of 1,619 stocks advanced, while 2,345 declined, and 106 remained unchanged. According to experts, on the daily charts, Nifty has rebounded from the support zone between 24,800 and 24,850. The divergence in the daily and hourly momentum indicators points to near-term consolidation. Price and momentum indicators suggest the market is likely to consolidate within the 24,800 to 25,200 range. On daily charts Nifty has formed small bearish candle on intraday charts. It has formed lower top formation which suggests temporary weakness. The daily Bollinger Bands are contracting, signalling uncertainty or indecision in the market. In the short term, Nifty Bank may remain range-bound within 50,650 as support and 51,380 followed by 51,500 as resistance.
Market wrap up(DWM,T,N,E):The domestic benchmark indices opened higher yesterday and, after initial volatility, demonstrated strong buying interest, with the Nifty closing on a positive note at 25,041. According to experts, a small positive candle formed on the daily chart, featuring minor upper and lower shadows. Technically, this pattern suggests the formation of a doji-type candle, although not a classical one. Typically, a doji pattern at resistance signals caution for bulls. The short-term trend for Nifty appears to have reversed upwards, and the index is now positioned near the critical resistance level of 25,200. A decisive move above this hurdle could pave the way for further gains toward new all-time highs. Immediate support is at 24,900. Bank nifty:Technically, on the daily scale, the index is still holding above a piercing line candle. If the index manages to sustain above 51,400 levels, a rally towards 51,800-52,000 could be possible in the short term, according to experts.
Market wrap up(DWM,T,N,E):Indian markets rebounded after a three-day slump, led by gains in consumer staples and banking shares. The NSE Nifty 50 Index edged up by 0.34 percent to close at 24,936.40, while the BSE Sensex rose by 0.46 percent to 81,559.56. ICICI Bank was a major contributor to the Nifty 50’s gain, climbing 2.2 percent. Of the 50 stocks in the index, 25 advanced, while 25 declined. Nifty has found support around the 38.2 percent retracement level of the previous rise, with a bullish crossover in its momentum indicator (MACD) on the hourly charts. According to experts, the MACD on the daily charts remains in sell mode, suggesting potential consolidation in the short term unless bullish momentum returns, or the downward cycle completes. The index is expected to trade sideways to negative in the short term.
Nifty:24852.15/-292.95/-1.17%;Candle:OGD,Long day red; Bank Nifty:50576.85/-896.2/-1.74% Candle:OGD,Long day red ; HB:OGD,Short day red,1637,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long65%FutCash;621;Opt95%
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 and Retail, Balrampur Chini Mills, Bandhan Bank, Biocon, Chambal Fertilisers and Chemicals, Hindustan Copper, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market fell sharply with above-average volumes on September 6, with the Nifty 50 decisively breaking the crucial 25,000 support level and recording the biggest single-day fall since August 5. The Nifty 50 dropped 293 points, or 1.17 percent, to 24,852. This may confirm a shift in the short-term trend from upward to downward. Therefore, 24,500 (which coincides with the 50-day EMA) may act as the next support for the index, while the hurdle lies at 25,050 on the higher side, experts said. The Nifty 50 formed a long bearish candlestick pattern on the daily charts and closed below the 10- and 20-day EMAs (Exponential Moving Averages). The momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) are showing a negative crossover, which is a negative sign for the short term.
Nifty:25145.1/-53.6/-0.21%;Candle:OGU,Short day red; Bank Nifty:51473.05/72.8/0.14% Candle:OGU,Short day red ; HB:OGU,Short day red,1645,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long68%FutCash;-689;Opt98%
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, Biocon, Chambal Fertilisers and Chemicals
Stocks retained in F&O ban: Aditya Birla Fashion and Retail, Balrampur Chini Mills, Hindustan Copper, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market failed to sustain higher levels and finished moderately lower for the second consecutive session but still held above all key moving averages as of September 5. Overall, the trend remains positive. The Nifty 50 is likely to remain range-bound, with immediate support at 25,080 (the low of the previous day’s low, which coincides with the previous swing high of August 1 as well as the 10-day EMA), while resistance remains in the 25,300-25,350 area, according to experts. The Nifty 50 formed a bearish candlestick pattern resembling a Dark Cloud Cover-like pattern (not a classical one) on the daily timeframe. There was a negative crossover in the momentum indicator RSI (Relative Strength Index), but it remains above the 60 level. The index is still well above all key moving averages, which is a positive sign.
Nifty:25198.7/-81.15/-0.32%;Candle:OGD,Short day red; Bank Nifty:51400.25/-288.95/-0.56% Candle:OGD,Doji; HB:OGD,Short day green,1644,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long68%FutCash;976;Opt96%
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 and Retail, Balrampur Chini Mills, Hindustan Copper
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market closed off the day’s low, halting its upward journey of the previous 14 consecutive days, on September 4. The Nifty 50 ended just below 25,200, down 81 points. Despite profit booking, the uptrend seems to be intact, and the index may march towards the 25,300-25,350 levels if it holds above 25,200 in the coming sessions, with immediate support at 25,100, experts said. Despite the downtrend, the Nifty 50 formed a bullish candlestick pattern on the daily charts, as the closing price was above the opening levels. Additionally, the index defended the 10-day EMA (Exponential Moving Average), which coincides with the previous swing high of August 1. This is a positive sign.
Nifty:25279.85/1.15/0%;Candle:OF,Doji; Bank Nifty:51689.1/249.55/0.49% Candle:OF,Short day green ; HB:OF,Short day green,1638
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long70%FutCash;1029;Opt96%
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 and Retail
Stocks retained in F&O ban: Balrampur Chini Mills, Hindustan Copper
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The benchmark indices closed a rangebound session on a flat note, with the Nifty 50 continuing its upward journey for the 14th consecutive day on September 3. The index recorded a new closing high with a small gain of 1.2 points. The consolidation is expected to continue; if the index gives a decisive close above 25,300, the 25,500–25,600 zone cannot be ruled out, with immediate support at 25,200, followed by 25,000 being a crucial support, experts said. The Nifty 50 reported a red candle on the daily charts for another session after trading within the previous day’s range. The momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) maintained a negative bias on the hourly charts but showed a positive trend on the daily timeframe, indicating a possible continuation of consolidation.
Nifty:25278.7/42.8/0.17%;Candle:OGU,Doji; Bank Nifty:51439.55/88.55/0.17% Candle:OGU,Short day red ; HB:OGU,1626,Short day red,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long70%FutCash;1736;Opt96%
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: Balrampur Chini Mills
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):It was a good start to the week, with the market sustaining a northward move for 13 days in a row. The Nifty 50 hit a fresh all-time closing high of 25,279, up 43 points, with positive momentum indicators being the key driver, on September 2. The index needs to stay above 25,200 going forward; if it remains above this level, a march towards 25,500 can be expected amid consolidation, while 25,000 is likely to be crucial support, according to experts. The Nifty 50 formed a bearish candlestick pattern on the daily charts, as the closing was below the opening level. However, the higher highs formation continued for the sixth consecutive session. The momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) maintained a positive bias but showed a negative trend on the hourly charts.
