Nifty:24194.5/-27.4/-0.11%;Candle:OGU,Short day red; Bank Nifty:52191.5/-16/-0.03% Candle:OGU,Short day red ; HB:OGU,Long day red,1786
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long35%FutCash;1158;Opt97%
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: Nil
Stocks removed from F&O ban: Aarti Industries, GNFC, Granules India
Market wrap up(DWM,T,N,E):The Nifty 50 snapped its two-day winning streak and closed down by one-tenth of a percent amid volatility on November 26. However, it still remained in the upper band of the Bollinger Bands, which is a positive sign. The index faced resistance at the 100-day EMA (exponential moving average) in the 24,300-24,350 range for the second consecutive session. It needs to decisively break this level for an upward move towards the immediate target of 24,550. However, the 24,000-24,100 range is likely to act as a support zone. Hence, experts expect the trading range to be 24,000-24,350 in the upcoming sessions. The Nifty 50 formed a Bearish Belt Hold candlestick pattern on the daily charts, which is a bearish reversal pattern. However, confirmation is needed in the following session. The index sustained above the midline of the Bollinger Bands as well as the 20-day EMA, which is a positive sign. The Bank Nifty formed a bearish candlestick pattern on the daily charts, falling by 16 points amid volatility, which was expected given the strong run in the past two sessions. However, it maintained a higher highs-higher lows formation for the third consecutive session and stayed above all key moving averages, indicating a positive trend. The index reached closer to the horizontal resistance trendline (near 52,600), which is a crucial hurdle for further upward movement, but could not surpass this level.
