Monthly Archives: September 2024

Things to note(Traders&Investors): 2 Sep 2024 Mon ,@8.20AM

  • Nik, Dj, Vix
  • Oil,  Gold, Bonds, Dollar,
  • Nifty:25235.9/83.95/0.33%;Candle:OGU,Doji; Bank Nifty:51351/198.25/0.39% Candle:OGU,Doji ; HB:OGU,Short day green,1626,
  • 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: Balrampur Chini Mills
  • Stocks retained in F&O ban: Nil
  • Stocks removed from F&O ban: Nil
  • Market wrap up(DWM,T,N,E):The market started off the September series on a positive note, with the Nifty 50 recording a new closing high of 25,236 on August 30, up 84 points, and continuing its uptrend for 12 consecutive days. The index sustained higher highs, a key driver, for the fifth consecutive session. Going forward, the 25,400-25,500 range is crucial to watch on the upside, as long as the index holds the 25,000 level, which is considered a sacrosanct support, on a closing basis, according to experts. The Nifty 50 formed a small-bodied bearish candlestick pattern on the daily charts. However, the momentum indicators, RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence), maintained a positive bias. On the weekly timeframe, there was a long bullish candlestick pattern with above-average volumes. The index continued to record higher tops and higher bottoms for the third consecutive week, which is a positive sign.