- Nik, Dj, Vix
- Oil, Gold, Bonds, Dollar,
- 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.
