Nifty:24274.9/80.4/0.33%;Candle:OF,Long day green; Bank Nifty:52301.8/110.3/0.21% Candle: OF,Short day green; HB:OF,Long day green,1810
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long35%FutCash;8;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: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 remained rangebound within the 24,100–24,350 zone for the third consecutive session and closed 0.3 percent higher on November 27, ahead of the monthly expiry of derivative contracts scheduled for November 28. The momentum indicator RSI (Relative Strength Index at 52) showed a positive bias. The index may find direction only after breaking this range on either side. On the higher side, 24,550 is the target to watch, followed by 24,700. However, below 24,100, the 24,000–23,900 zone may act as a support level, according to experts. The Nifty 50 formed a bullish candlestick pattern with upper and lower shadows on the daily charts, indicating rangebound movement and volatility. The 100-day EMA (Exponential Moving Average) remains a key hurdle for the index for the third straight session, although it decisively traded above the 10-day and 20-day EMAs. There is an upward bias in the momentum indicator RSI, which is trading in the upper band at the 52 level. Additionally, the index has sustained in the upper band of the Bollinger Bands, which is a positive sign. The Bank Nifty also formed a bullish candlestick pattern with upper and lower shadows on the daily timeframe, indicating volatility and rangebound trade. The index has sustained not only above all key moving averages but also above the 50 percent Fibonacci retracement (from the record high to the November low), which is a positive sign. The RSI at 57 also shows a positive bias.
