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)
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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.
