Nifty:23914.15/-360.75/-1.49%;Candle:Of,Long day red; Bank Nifty:51906.85/-394.95/-0.76% Candle:OF,Long day red ; HB:OF,Long day red,1793
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long33%FutCash;-11756;Opt81%
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: Nil
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 decisively broke the three-day consolidation range of 24,100–24,350 on the downside and fell below the 24,000 mark, registering a 1.5 percent loss on the monthly F&O expiry session of November 28. The index formed a long red candle on the daily charts and fell to the lower band of the Bollinger Bands, signaling weakness. If the index extends its downtrend, the level to watch is 23,600 (200-day EMA), but if it rebounds, resistance could be found in the 24,100–24,200 zone, according to experts. he Nifty 50 formed a long bearish candlestick pattern on the daily timeframe after failing to surpass the 24,350 level (a key hurdle) for the fourth consecutive session, with above-average volumes. The index decisively closed not only below the 10- and 20-day EMA (exponential moving averages) but also below the midline of the Bollinger Bands (which is the 20-day SMA – simple moving average), signaling a negative outlook. It also nearly filled the large bullish opening gap created on . The Bank Nifty formed a bearish candlestick pattern with an upper shadow on the daily charts, indicating pressure at higher levels. The index could not sustain above the horizontal resistance trendline as well as failed to hold above the 50 percent Fibonacci retracement level (from the record high seen in September to the November low). However, it is still trading within the upper band of the Bollinger Bands and remains above all key moving averages.
Nifty:24274.9/80.4/0.33%;Candle:OF,Long day green; Bank Nifty:52301.8/110.3/0.21% Candle: OF,Short day green; HB:OF,Long day green,1810
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long35%FutCash;8;Opt97%
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: Nil
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 remained rangebound within the 24,100–24,350 zone for the third consecutive session and closed 0.3 percent higher on November 27, ahead of the monthly expiry of derivative contracts scheduled for November 28. The momentum indicator RSI (Relative Strength Index at 52) showed a positive bias. The index may find direction only after breaking this range on either side. On the higher side, 24,550 is the target to watch, followed by 24,700. However, below 24,100, the 24,000–23,900 zone may act as a support level, according to experts. The Nifty 50 formed a bullish candlestick pattern with upper and lower shadows on the daily charts, indicating rangebound movement and volatility. The 100-day EMA (Exponential Moving Average) remains a key hurdle for the index for the third straight session, although it decisively traded above the 10-day and 20-day EMAs. There is an upward bias in the momentum indicator RSI, which is trading in the upper band at the 52 level. Additionally, the index has sustained in the upper band of the Bollinger Bands, which is a positive sign. The Bank Nifty also formed a bullish candlestick pattern with upper and lower shadows on the daily timeframe, indicating volatility and rangebound trade. The index has sustained not only above all key moving averages but also above the 50 percent Fibonacci retracement (from the record high to the November low), which is a positive sign. The RSI at 57 also shows a positive bias.
Nifty:24194.5/-27.4/-0.11%;Candle:OGU,Short day red; Bank Nifty:52191.5/-16/-0.03% Candle:OGU,Short day red ; HB:OGU,Long day red,1786
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long35%FutCash;1158;Opt97%
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: Nil
Stocks removed from F&O ban: Aarti Industries, GNFC, Granules India
Market wrap up(DWM,T,N,E):The Nifty 50 snapped its two-day winning streak and closed down by one-tenth of a percent amid volatility on November 26. However, it still remained in the upper band of the Bollinger Bands, which is a positive sign. The index faced resistance at the 100-day EMA (exponential moving average) in the 24,300-24,350 range for the second consecutive session. It needs to decisively break this level for an upward move towards the immediate target of 24,550. However, the 24,000-24,100 range is likely to act as a support zone. Hence, experts expect the trading range to be 24,000-24,350 in the upcoming sessions. The Nifty 50 formed a Bearish Belt Hold candlestick pattern on the daily charts, which is a bearish reversal pattern. However, confirmation is needed in the following session. The index sustained above the midline of the Bollinger Bands as well as the 20-day EMA, which is a positive sign. The Bank Nifty formed a bearish candlestick pattern on the daily charts, falling by 16 points amid volatility, which was expected given the strong run in the past two sessions. However, it maintained a higher highs-higher lows formation for the third consecutive session and stayed above all key moving averages, indicating a positive trend. The index reached closer to the horizontal resistance trendline (near 52,600), which is a crucial hurdle for further upward movement, but could not surpass this level.
Nifty:24221.9/314.65/1.32%;Candle:OGU,Doji; Bank Nifty:52207.5/1072.1/2.1% Candle:OGU,Short day green ; HB:OGU,1786,Short day green
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long37%FutCash;9948;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, GNFC, Granules India
Stocks removed from F&O ban: Adani Enterprises, Hindustan Copper, Indraprastha Gas, National Aluminium Company
Market wrap up(DWM,T,N,E):The Nifty 50 extended its strong northward journey for another session, posting a more than one percent rally on November 25 and entering the upper band of the Bollinger Bands, indicating a positive trend. The index may experience some volatility due to the F&O expiry week, but the overall trend now seems positive. It is likely to march towards the 24,400-24,500 range in the upcoming sessions, with support placed at the 24,000 mark, followed by the 23,950-23,850 support zone, according to experts. The Nifty 50 formed a small bearish candlestick pattern with both upper and lower shadows, resembling a High Wave pattern on the daily charts, indicating indecision, especially after the 1,000-point rally in the last two trading sessions. The index climbed above the 20-day EMA (Exponential Moving Average) and entered the upper band of the Bollinger Bands. Meanwhile, the momentum indicator RSI (Relative Strength Index) at 51 maintained a positive crossover and entered the upper band, which is a positive sign. The Bank Nifty outperformed the benchmark Nifty, rising 2.1 percent to 52,208, and formed a bullish candlestick pattern on the daily charts. The index not only climbed above all key moving averages but also traded above the 50 percent Fibonacci retracement (from the record high in September to the November low), with robust volumes, signaling a healthy trend. Additionally, there was a positive crossover in the RSI, which reached 56.7.
Nifty:23907.25/557.35/2.39%;Candle:OF,Long day green; Bank Nifty:51135.4/762.5/1.51% Candle:OF,Long day green ; HB:OF,Doji,1746
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long31%FutCash;-1278;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: Aarti Industries, Adani Enterprises, GNFC, Granules India, Hindustan Copper, Indraprastha Gas, National Aluminium Company
Stocks removed from F&O ban: Aditya Birla Fashion & Retail
Market wrap up(DWM,T,N,E):The Nifty 50 recorded its biggest single-day gain of 2.4 percent in the last four and a half months on November 22. It climbed decisively above the 200-day EMA (Exponential Moving Average) of 23,540, forming a long green candle with above-average volumes on the daily charts. As long as the index holds above the 200-day EMA, the rally towards 24,000-24,500 cannot be ruled out, although some consolidation is possible. However, 23,250 or the 50-week EMA is likely to act as a key support area, and below it, 23,000 will be the level to watch, experts said. The Nifty 50 formed a long bullish candlestick pattern on the daily timeframe, with a higher high-higher low formation, which is a positive sign. The momentum indicator, RSI (Relative Strength Index), showed a positive crossover but remains in the lower band below the 50 mark (at 44.4). Furthermore, the index is also trading in the lower band of the Bollinger Bands. Until it moves back above and sustains in the upper band (i.e., above 24,000), a new leg of the upmove is unlikely. The Bank Nifty also formed a long bullish candlestick pattern on the daily timeframe on Friday, after consistently defending the 200-day EMA on a closing basis in the past sessions. The index rallied 1.5 percent and tested the middle point (51,294) of the Bollinger Bands; hence, sustaining above this level is crucial for an upward rally. There was a positive crossover in the RSI, but it is still at the 50 mark. On the weekly scale, a bullish candlestick pattern emerged, but there was a continued formation of lower highs-lower lows for the second consecutive week.
Nifty:23349.9/-168.6/-0.72%;Candle:OF,Short day red; Bank Nifty:50372.9/-253.6/-0.5% Candle:OF,Short red Hammer ; HB:OGU,Short day red,1740
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long25%FutCash;-5321;Opt87%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Adani Enterprises, National Aluminium Company
Stocks retained in F&O ban: Aarti Industries, Aditya Birla Fashion & Retail, GNFC, Granules India, Hindustan Copper, Indraprastha Gas
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market resumed its downward journey after a day of rebound, with the Nifty 50 falling by seven-tenths of a percent to close at the previous day’s low on November 21. The index hit a more than five-month low, forming a bearish candlestick and showing lower tops-lower bottoms formations, which indicate weakness. Given the bearish momentum, the index may test its immediate support at 23,200 (50-week EMA), followed by 23,000, which is considered a crucial support level. However, in the event of a bounce-back, 23,500-23,550 (200 DEMA) is likely to act as immediate resistance, according to experts. The Nifty 50 fell well below the 200 DEMA (23,540) with above-average volumes, thus trading below all key moving averages, accompanied by a negative bias in momentum indicators such as RSI (Relative Strength Index at 28.34) and MACD (Moving Average Convergence Divergence). This indicates a completely bearish sentiment. On the weekly timeframe, the index maintained a lower highs-lower lows formation, trading at the lower end of Bollinger Bands, while the 10-week EMA fell below the 20-week EMA. The Bank Nifty dropped below the 200 DEMA (49,900) intraday but managed to hold it on a closing basis for the fifth day. It closed half a percent lower at 50,373 with above-average volumes. The index formed a bearish candlestick pattern with a long lower shadow, resembling a Hammer-like formation on the daily charts. This suggests buying interest at lower levels and indicates that it still holds above the 50 percent Fibonacci retracement (from the June low to the record high of September), which is a positive sign. However, the momentum indicators RSI and MACD show a negative bias.
Nifty:23518.5/64.7/0.28%;Candle:OGU,Short day red; Bank Nifty:50626.5/262.7/0.52% Candle:OGU,Doji ; HB:OGU,Long day green,1736
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long26%FutCash;-3412;Opt91%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Market wrap up(DWM,T,N,E):Stocks added to F&O ban: Indraprastha Gas
Stocks retained in F&O ban: Aarti Industries, Aditya Birla Fashion & Retail, GNFC, Granules India, Hindustan Copper
Stocks removed from F&O ban: Nil
The market saw a sigh of relief after a seven-day fall and gained 0.3 percent but failed to close above the 200-day EMA (23,540) for the third straight session on November 19. The Nifty lost 262 points from the day’s high of around 23,800 and formed a Gravestone Doji pattern on the daily charts, signaling caution and a bearish trend. Hence, 23,800 (the 50 percent Fibonacci retracement of the rally from the June low to the record high in September) is likely to be a key hurdle for the index in the upcoming sessions. As long as it stays below the 200-day EMA, a fall toward 23,200 (the 50-week EMA) cannot be ruled out, according to experts. The Nifty 50 remained near the lower band of the Bollinger Bands and sustained below the 200-day EMA, with above-average volumes ahead of the weekly expiry scheduled for the coming Thursday. The index formed a small bearish candle with a long upper shadow, resembling a Gravestone Doji pattern on the daily charts, which is a bearish indicator. Additionally, the momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) remained in negative territory. The Bank Nifty sustained above the 200-day EMA (49,900) for the fourth consecutive session and formed a higher high-higher low formation, but it remained within the trading range of last Wednesday (51,350–49,900). The index gained half a percent to close at 50,627 on Tuesday and reached the upward-sloping trendline. However, it failed to hold the 10-day EMA (50,950), forming a Doji-like candlestick pattern, indicating uncertainty.
Nifty:23453.8/-78.9/-0.34%;Candle:OGU,Short day red; Bank Nifty:50363.8/184.25/0.37% Candle:OGU,Doji ; HB:OGU,Doji,17083
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long24%FutCash;-1403;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: Nil
Stocks retained in F&O ban: Aarti Industries, Aditya Birla Fashion & Retail, GNFC, Granules India, Hindustan Copper
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):
The market remained under pressure for seven consecutive days, falling below 23,500 and the 200-day Exponential Moving Average (DEMA) with a third of a percent loss on November 18. If the index sustains below 23,500, given the bearish sentiment and the lower highs-lower lows formation, the decline could extend to 23,200, which coincides with the 50-week EMA (Exponential Moving Average). On the upside, the 23,600-23,700 range could act as a resistance zone, according to experts. Until the index climbs and sustains above all key moving averages, the trend is likely to remain in favour of the bears. The Nifty 50 formed a bearish candlestick pattern on the daily charts, following a Gravestone Doji pattern in the previous session, and continued to show a lower highs-lower lows formation, indicating weakness in the market. The momentum indicator RSI (Relative Strength Index) maintained a negative bias, though it reached oversold levels (28.60). The MACD (Moving Average Convergence Divergence) also indicated a negative trend on both the daily and weekly timeframes. The Bank Nifty remained within the range of last Wednesday and consistently defended the 200 DEMA (49,910) for the third consecutive session, which is a positive sign. However, the momentum indicator MACD is still in sell mode on both the daily and weekly timeframes, indicating a bearish trend in the short term. Meanwhile, the RSI remained below the 50 mark on both the daily and weekly charts, signaling weakness.
Nifty:23532.7/-26.35/-0.11%;Candle:OF,Doji; Bank Nifty:50179.55/91.2/0.18% Candle:OF, Doji ; HB:OF,1693,short day green
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long23%FutCash;-1850;Opt87%
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, Aditya Birla Fashion & Retail, GNFC, Granules India, Hindustan Copper
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 ended marginally lower after experiencing volatility and closed just below the 200-day EMA (Exponential Moving Average) at 23,542 on November 14, extending its southward journey for the sixth consecutive session. However, for the week, the index was down by 2.55 percent. Considering the bearish sentiment, if the index decisively slips below the 200-day EMA, 23,200 (which coincides with the 50-week EMA) is the next level to watch. In case of a rebound, the index may face resistance in the 23,600–23,800 zone, experts said. The Nifty 50 formed a Gravestone Doji candlestick pattern on the daily charts, continuing the formation of lower highs and lower lows, with a negative bias in momentum indicators such as the MACD (Moving Average Convergence Divergence) and RSI (Relative Strength Index), signaling a bearish sentiment. The index is now trading below all key moving averages. For the week, it formed a long red candle on the weekly timeframe. The Bank Nifty formed an Inverted Hammer candlestick pattern (though not a classical one), which is a bullish reversal pattern. It defended the 200-day EMA on a closing basis, as well as the previous day’s low, although it traded well below all other key moving averages (10, 20, 50, and 100 EMAs). It was up 0.2 percent on Friday, but for the week, the index was down by 2.7 percent and closed below its upward-sloping support trendline, forming a long bearish candlestick pattern on the weekly timeframe. It is also trading in the lower band of the Bollinger Bands, which is a negative sign. Hence, consolidation cannot be ruled out.
Nifty:23559.05/-324.4/-1.36%;Candle:OGD,Long day red; Bank Nifty:50088.35/-1069.45/-2.09% Candle:OGD,Long day red ; HB:OGD,Long day red,1688
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long22%FutCash;-2503;Opt88%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: GNFC
Stocks retained in F&O ban: Aarti Industries, Aditya Birla Fashion & Retail, Granules India, Hindustan Copper
Stocks removed from F&O ban: Manappuram Finance
Market wrap up(DWM,T,N,E):he significant selling pressure in the market continued, with the Nifty 50 losing more than one percent for the second consecutive session on November 13. This was driven by nervousness in global markets and a spike in CPI inflation. The index formed a long bearish candlestick once again and eventually hit the 200-day EMA support at 23,540. If the index decisively falls below this level, it may reach the second target (around 23,200) of the Head and Shoulders pattern in the upcoming sessions. However, on the upside, the levels to watch are 23,900-24,000, experts said. The Nifty 50 formed a long bearish candlestick pattern on the daily charts, continuing the downtrend and the formation of lower lows for the fifth consecutive session with above-average volumes, which is a negative sign. The momentum indicator RSI (Relative Strength Index) remained in negative territory and reached 30, the oversold zone. For the week, the index fell by 2.44 percent and formed a long red candle on the weekly charts. It traded below the lower band of the Bollinger Bands on both the daily and weekly timeframes. The Bank Nifty also hit the 200-day EMA at 49,903 and formed a large bearish candlestick pattern on the daily timeframe. It fell below the lower band of the Bollinger Bands and decisively broke the upward-sloping support trendline, signaling a negative outlook. The index dropped by 2.09 percent, or 1,069 points, closing at 50,088, its lowest closing level since August 14. This decline was accompanied by a negative crossover in the momentum indicators RSI and MACD (Moving Average Convergence Divergence). Wednesday marked the last day for the weekly expiry; from now on, there will only be a monthly expiry for the index.
