Nifty:24141.3/-6.9/-0.03%;Candle:OGD,Doji; Bank Nifty:51876.75/315.55/0.61% Candle:OF,Short day green ; HB:OF,1766,Long day green
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long25%FutCash;-2307;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: Aarti Industries, Hindustan Copper
Stocks retained in F&O ban: Aditya Birla Fashion & Retail, Granules India, Manappuram Finance
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 had a volatile session on November 11, trading within a 200-point range and closing flat with a negative bias. The index climbed above the 10-day EMA (Exponential Moving Average) at 24,270 but failed to hold on to these gains due to selling pressure at higher levels. Hence, 24,300 is likely to act as immediate resistance for the index, followed by 24,500, which is a crucial hurdle, experts said. The index managed to respect 24,000, which is expected to act as support, with 23,800 seen as the next key support level. Therefore, the overall range remains between 23,800 and 24,500. The Nifty formed a small green candle with a long upper shadow on the daily timeframe, indicating selling pressure at higher levels. The index continued to form lower lows for the third consecutive session, with average volumes, which is a negative sign. On the monthly scale, a High Wave pattern was observed, indicating indecision among bulls and bears regarding the future market trend. The Bank Nifty formed a sizeable bullish candle with both upper and lower shadows on the daily charts, rising 316 points to 51,877 amid volatility. The index climbed above all key short-term moving averages but continued its lower lows formation for the third straight day. Overall, the index has been trading within the range of the previous month.
