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.
