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.
