Nifty:24610.05/-8.95/-0.04%;Candle:OF,Doji; Bank Nifty:53577.7/169.95/0.32% Candle:OF,short day green ; HB:OF,Short day green,1870
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long43%FutCash;1286;Opt93%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Metropolis Healthcare
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 Nifty 50 continued its downtrend for the third consecutive session, closing flat with a negative bias on December 10. The formation of a Hammer-like candlestick pattern on the daily charts signals the possibility of a trend reversal to the upside. If the index manages to close above the crucial hurdle of 24,700, a rally towards 24,800-25,000 cannot be ruled out. However, on the downside, 24,500 is the immediate support, followed by 24,300 as the next support, according to experts. The Nifty 50 formed a bearish candlestick pattern with a lower shadow (indicating buying interest at lower levels), resembling a Hammer-like pattern on the daily charts. The index continued to form lower highs for the third consecutive session. The trend remains positive, as the index traded above all key moving averages. Additionally, the momentum indicators—RSI (Relative Strength Index)—remained in the upper band, and the MACD (Moving Average Convergence Divergence) stayed above the zero line with an upward bias. The Bank Nifty formed a bullish candlestick pattern on the daily timeframe and remained within last Thursday’s trading range, rising by 170 points. The index traded above all key moving averages, while the momentum indicators RSI and MACD showed a positive bias on both the daily and weekly charts.
