Stocks retained in F&O ban: Granules India, Hindustan Copper, Manappuram Finance, National Aluminium Company, RBL Bank, SAIL
Stocks removed from F&O ban: Metropolis Healthcare, PVR INOX
Market wrap up(DWM,T,N,E):The Nifty 50 took a breather after a significant rally, making a negative start to the week on December 16. The index closed below 24,700 but still held above the falling resistance trendline as well as above all key moving averages. Therefore, it may consolidate further in the upcoming sessions, with support at 24,500, according to experts. On the higher side, sustaining above 24,700 will be crucial for an upward move towards 25,000, while the “buy on dips” strategy remains intact. The Nifty 50 formed a bearish candlestick pattern with upper and lower shadows on the daily timeframe, indicating volatile trade. However, the index still traded above all key moving averages and in the upper band of the Bollinger Bands. It also took support at the downward-sloping resistance trendline, but it needs to break into the upper band of the Bollinger Bands on the weekly timeframe to confirm a strong upward trend. The Bank Nifty formed a small green candle with upper and lower shadows on the daily charts, indicating volatility. The index remained above all key moving averages, with a higher high-higher low formation. On the weekly scale, it traded near the upper end of the Bollinger Bands, which is a positive sign.
Stocks retained in F&O ban: Granules India, Hindustan Copper, Metropolis Healthcare, National Aluminium Company, PVR INOX, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 rallied nearly 1 percent after falling 1.5 percent intraday on December 13, closing above the 20-week SMA (Simple Moving Average) and a downward-sloping resistance trendline. Additionally, there was a breakout from a five-day consolidation, which is positive. Hence, as long as the index holds 24,700, a further rally towards the psychological level of 25,000 cannot be ruled out. However, if it sustains below this level, 24,500 can act as immediate support, experts said. The Nifty 50 formed a bullish candlestick pattern with a long lower shadow on the daily charts, indicating strong buying interest from lower levels after taking support around the mid-range of the Bollinger Bands intraday. The index stayed above all key moving averages on both the daily and weekly timeframes, which is a positive sign. Momentum indicators, such as the RSI (Relative Strength Index at 60.37) and MACD (Moving Average Convergence Divergence) above the zero line, showed an upward bias. The Bank Nifty also formed a bullish candlestick pattern with a long lower shadow on the daily timeframe, indicating healthy buying interest at lower levels. The banking index also took support at the mid-range of the Bollinger Bands intraday and climbed above all key moving averages. On the weekly scale, it sustained in the upper band of the Bollinger Bands, which is a positive sign. The index was up 0.7 percent on Friday and 0.14 percent for the week.
Nifty:24548.7/-93.1/-0.38%;Candle:OGD,Shor day red; Bank Nifty:53216.45/-174.9/-0.33% Candle:OGD,Short day red ; HB:OGD,Doji,1859
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long40%FutCash;-3560;Opt90%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: National Aluminium Company,
Stocks retained in F&O ban: Granules India, Hindustan Copper, Metropolis Healthcare, PVR INOX, RBL Bank
Stocks removed from F&O ban: Manappuram Finance
Market wrap up(DWM,T,N,E):The Nifty 50 saw profit booking at higher levels amid rangebound trade and closed 0.4 percent lower on December 12. The index remained in the range of 24,500–24,700 for the fourth consecutive session, which needs to break on either side for a clearer direction, experts said. If the index decisively climbs and sustains above 24,700, a rally towards 24,800–25,000 can’t be ruled out. However, if it breaks 24,500 decisively, the index could slide towards 24,000. The Nifty 50 formed a bearish candlestick pattern with an upper shadow on the daily charts, indicating selling pressure at higher levels. However, the index still held above all key moving averages and traded in the upper band of the Bollinger Bands. On the weekly scale, too, the index stayed above all key moving averages but traded just below the middle of the Bollinger Bands. Sustaining above the upper band of the Bollinger Bands is needed for an upward rally. The Bank Nifty formed a Gravestone Doji candlestick pattern, which is a bearish reversal pattern. However, participants need to wait for the action in the following session to confirm the trend. The index sustained above all key moving averages and traded above the Bollinger Bands on both daily and weekly charts, which is still a positive sign.
Nifty:24641.8/31.75/0.13%;Candle:OF,Doji; Bank Nifty:53391.35/-186.35/-0.35% Candle:OF,Short day red ; HB:OF,Short day red,1862,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long43%FutCash;-1012;Opt95%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Hindustan Copper
Stocks retained in F&O ban: Granules India, Manappuram Finance, Metropolis Healthcare, PVR INOX, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market remained consolidative for the fourth consecutive session on December 11, finishing moderately higher. The chart pattern of Nifty 50 also indicated volatility in trade. Experts believe the index is likely to break out on the higher side after the current consolidation, given the overall positive sentiment. The 24,700 level is expected to be an immediate hurdle, followed by 25,000 as a key resistance. However, 24,500 can act as immediate support, and a break below this level could bring selling pressure to the index. The Nifty 50 formed a small bullish candlestick pattern with upper and lower shadows on the daily charts, indicating volatility, but it remained within Thursday’s trading range. The overall trend remains positive, considering the index stayed above all key moving averages, with a positive bias in momentum indicators. The Bank Nifty also remained within Thursday’s range, though it wiped out all the previous day’s gains and fell by 186 points. The index formed a bearish candlestick pattern with an upper shadow on the daily timeframe, indicating pressure at higher levels. Overall, the trend remains positive as the banking index traded above all key moving averages on both the daily and weekly charts.
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.
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.
Nifty:24677.1/-30.6/-0.12%;Candle:OF,Short day red; Bank Nifty:53509.5/-94.05/-0.18% Candle:OF,Short day red ; HB:OF,Short day red,1856
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long45%FutCash;-1830;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: PVR INOX, RBL Bank
Stocks retained in F&O ban: Granules India, Manappuram Finance
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):After five days of gains, the benchmark Nifty 50 closed the rangebound session with moderate losses on December 6, as market participants preferred to book some profits following the RBI outcome, which was in line with expectations. The index tested the 24,700 level (20-week SMA) and 24,800 (near the 50% Fibonacci retracement), which are expected to act as resistance levels for the index in the upcoming sessions. If these levels are surpassed, the 25,000 mark cannot be ruled out. On the downside, the immediate support zone is seen between 24,500 and 24,400 zone, with 24,200 being the next key support level, according to experts. Options data also reflects these levels. The Nifty 50 traded within the previous day’s range and formed a small red candle on the daily charts, while holding above all key moving averages and trading near the upper end of the Bollinger Bands. On the weekly timeframe, the index formed a long bullish candlestick pattern and continued its higher highs-higher lows formation for the second consecutive week, with above-average volumes, while trading above all key moving averages. The Bank Nifty also traded within the previous day’s range and formed a small bearish candlestick pattern with small upper shadows and long lower shadows on the daily charts, indicating volatility. The Bollinger Bands expanded on both sides, while the index traded above all key moving averages on both the daily and weekly timeframes, which is a positive sign. Additionally, the momentum indicator RSI (Relative Strength Index) showed a positive crossover during the week.
Nifty:24708.4/240.95/0.98%;Candle:OGU,Long day green; Bank Nifty:53603.55/336.65/0.63% Candle:OGU,Long day green ; HB:OGU,Short day green,1866
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long44%FutCash;8540;Opt90%
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
Stocks removed from F&O ban: RBL Bank
Market wrap up(DWM,T,N,E):After volatility in the first half, the Nifty 50 gained strength in the second half of December 5, rising one percent on the hope of a dovish tone from the RBI policy outcome due on December 6. The index hit the upper band of the Bollinger Bands on a weekly basis with above-average volumes, and the momentum indicators, RSI and MACD, maintained an upward bias on the daily charts. Hence, the Nifty may target 24,900-25,000, as long as it holds 24,700 on the RBI policy day. However, if it falls below this level, 24,500 is the immediate support, followed by 24,350 as the next support, according to experts. The Nifty 50 formed a bullish candlestick pattern with a lower shadow on the daily charts, signaling buying interest at lower levels while holding above all key moving averages. The index surpassed the middle band of the Bollinger Bands intraday on a weekly basis but finished just below it. The momentum indicators RSI (Relative Strength Index at 60) maintained a positive bias, while the MACD (Moving Average Convergence Divergence) climbed above the zero line, which is a positive sign. : The Bank Nifty also formed a bullish candlestick pattern amid volatility, recovering sharply from the day’s low to end with a 0.63 percent gain. The index maintained higher tops and higher bottoms on the daily timeframe for three days in a row and traded at the upper end of the Bollinger Bands on both the daily and weekly charts. The momentum indicators RSI (at 66) and MACD maintained an upward bias, and a robust bullish candlestick pattern formed in the index on the weekly scale.
Nifty:24467.45/10.3/0.04%;Candle:OF,Doji; Bank Nifty:53266.9/571.15/1.08% Candle:OF,Long day green ; HB:OF,Long day green,1860
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long38%FutCash;1798;Opt95%
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, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market was rangebound throughout the session, possibly due to caution ahead of the MPC’s interest rate decision scheduled for December 6. However, it maintained an upward trajectory for the fourth consecutive day on December 4. Considering the index sustained above all key moving averages and the neckline of the Inverted Head and Shoulders pattern, an upmove towards 24,550 (immediate target) is possible, followed by 24,700-24,800, which is the crucial resistance zone. However, the index may take support at the 24,350-24,300 zone, as below this, 24,000 is the level to watch, according to experts. The Nifty 50 formed a Doji-like candlestick pattern on the daily charts, indicating indecision between buyers and sellers after the recent sharp uptrend. The index maintained a higher highs-higher lows formation for the third consecutive session and is holding above all key moving averages. The momentum indicators RSI (Relative Strength Index at 55.9) and MACD (Moving Average Convergence Divergence) showed an upward bias. The Bank Nifty reported a bullish candlestick pattern on the daily charts and traded near the upper end of the Bollinger Bands. The index sustained well above all key moving averages as well as above the upward-sloping resistance trendline, while the RSI (at 63.91) and MACD maintained an upward bias, which is a positive sign.
Nifty:24457.15/181.1/0.75%;Candle:OGU,Long day green; Bank Nifty:52695.75/586.75/1.13% Candle:OGU,Long day green ; HB:OGU,Long day green,1825
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long36%FutCash;3665;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: Granules India, Manappuram Finance
Stocks retained in F&O ban: RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market extended its northward journey for the third consecutive session and closed 0.8 percent higher with above-average volumes on the Nifty 50 on December 3. With Tuesday’s rally, the Nifty 50 climbed above all key moving averages and saw a falling trendline breakout, signaling a positive trend. Hence, the index may march towards the immediate resistance at 24,550, followed by 24,800, which is the crucial hurdle. The support is placed at 24,300, followed by 24,000, which is a crucial support level, according to experts. The Nifty 50 formed a bullish candlestick pattern on the daily timeframe, continuing its higher highs-higher lows formation. The index saw an Inverted Head and Shoulders pattern breakout, with the momentum indicator RSI (Relative Strength Index) staying in the upper band at 55.7, indicating a positive trend. The Bank Nifty saw a two-month-long consolidation breakout on Tuesday and formed a bullish candlestick pattern on the daily timeframe. It also experienced a falling trendline breakout with a positive bias in the momentum indicators RSI (now at 60) and MACD (Moving Average Convergence Divergence). The index closed near the 61.8 percent Fibonacci retracement level from the record high to the November low.
