Nifty:23907.25/557.35/2.39%;Candle:OF,Long day green; Bank Nifty:51135.4/762.5/1.51% Candle:OF,Long day green ; HB:OF,Doji,1746
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long31%FutCash;-1278;Opt95%
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, Adani Enterprises, GNFC, Granules India, Hindustan Copper, Indraprastha Gas, National Aluminium Company
Stocks removed from F&O ban: Aditya Birla Fashion & Retail
Market wrap up(DWM,T,N,E):The Nifty 50 recorded its biggest single-day gain of 2.4 percent in the last four and a half months on November 22. It climbed decisively above the 200-day EMA (Exponential Moving Average) of 23,540, forming a long green candle with above-average volumes on the daily charts. As long as the index holds above the 200-day EMA, the rally towards 24,000-24,500 cannot be ruled out, although some consolidation is possible. However, 23,250 or the 50-week EMA is likely to act as a key support area, and below it, 23,000 will be the level to watch, experts said. The Nifty 50 formed a long bullish candlestick pattern on the daily timeframe, with a higher high-higher low formation, which is a positive sign. The momentum indicator, RSI (Relative Strength Index), showed a positive crossover but remains in the lower band below the 50 mark (at 44.4). Furthermore, the index is also trading in the lower band of the Bollinger Bands. Until it moves back above and sustains in the upper band (i.e., above 24,000), a new leg of the upmove is unlikely. The Bank Nifty also formed a long bullish candlestick pattern on the daily timeframe on Friday, after consistently defending the 200-day EMA on a closing basis in the past sessions. The index rallied 1.5 percent and tested the middle point (51,294) of the Bollinger Bands; hence, sustaining above this level is crucial for an upward rally. There was a positive crossover in the RSI, but it is still at the 50 mark. On the weekly scale, a bullish candlestick pattern emerged, but there was a continued formation of lower highs-lower lows for the second consecutive week.
