Nifty:24276.05/144.95/0.6%;Candle:OF,Long day green; Bank Nifty:52109/53.4/0.1% Candle:OF,Short day green ; HB:OF,Long day green,1805
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long33%FutCash;-238;Opt91%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: RBL Bank
Stocks retained in F&O ban: Nil
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):Bulls maintained their control over Dalal Street for another session on December 2, helping the benchmark Nifty 50 recover all of last Thursday’s losses in just two following sessions. The positive bias in the momentum indicator RSI and its sustained position above short-term moving averages (10-20-day EMA) signal that the index may make another attempt to surpass 24,350, a critical hurdle since last week. If the index sustains above this level, the possible targets are 24,550 (the high of November) and 24,800 (50 percent Fibonacci retracement from the record high to the November low). However, the support remains in the 24,000-23,900 zone, experts said. The Nifty 50 formed a bullish candlestick pattern with a lower shadow on the daily charts, indicating buying interest at lower levels, with a higher high-higher low formation. It also sustained in the upper band of Bollinger Bands, signaling a positive trend. The momentum indicator RSI at 52 remained in the upper band.The Bank Nifty formed a Doji-like candlestick pattern on the daily timeframe, indicating indecision between bulls and bears. The index stayed above all key moving averages and remained in the upper band of Bollinger Bands, along with a positive bias in the momentum indicators RSI and MACD (Moving Average Convergence Divergence), signaling a possible upward trend.
