Nifty:24619/-58/-0.24%;Candle:OGD,Doji; Bank Nifty:53407.75/-101.75/-0.19% Candle:OGD,Doji ; HB:OGD,Short day green,1868,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long45%FutCash;724;Opt92%
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: Granules India, Manappuram Finance, PVR INOX, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 closed moderately lower amid volatility on December 9, extending losses for the second consecutive session. The formation of a Doji pattern signaled indecision between buyers and sellers. The index failed to close above 24,700 (20-week SMA) for three consecutive days, which is a crucial level for further upside toward 24,800 (50% Fibonacci retracement), the first target, followed by the 25,000 mark. However, as long as it stays below 24,700 on a closing basis, consolidation may continue, with immediate support at 24,500 and then at the 24,200 level, according to experts. The Nifty 50 remained above all key moving averages, with the 10-day EMA (Exponential Moving Average) on the verge of surpassing the 50-day EMA on the upside after crossing the 100-day EMA last week, indicating a positive trend. The momentum indicator MACD (Moving Average Convergence Divergence) remained above the zero line with an upward bias, while the RSI (Relative Strength Index) stayed in the upper band. The Bank Nifty, on Monday, formed a Gravestone Doji pattern on the daily charts, following a Tweezer Top pattern last Friday. Both are bearish reversal patterns, but participants must wait for the following sessions, as the index is still trading well above all key moving averages on the daily and weekly charts, with an expansion in Bollinger Bands, signaling a positive trend.
