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.
Nifty:24131.1/216.95/0.91%;Candle:OF,Short day green; Bank Nifty:52055.6/148.75/0.29% Candle:OF,Doji ; HB:OF,Short day red,1795
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long33%FutCash;-4384;Opt87%
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 rebounded sharply after a day of steep fall, making a strong start to the December series with nearly one percent gains on November 29. However, sustainability is the key to watch going ahead, though there was a Bullish Marubozu Opening candlestick pattern formation on the daily charts. The index is set to face a crucial hurdle at 24,350, which it could not clear in the last four sessions. Sustaining above this level may open the doors for 24,550 and then 24,700. However, until it stays below 24,350, consolidation is likely to continue, with support at 23,900, according to experts. The Nifty 50 formed a Bullish Harami candlestick pattern on the daily charts, a signal of a bullish trend reversal. The index also climbed above the short-term moving averages (10- and 20-day EMAs – Exponential Moving Average) and entered the upper band of Bollinger Bands. However, on the weekly timeframe, the index is still in the lower band of Bollinger Bands and below the short-term moving averages, which are crucial factors for a bullish trend. The Bank Nifty formed a bullish candlestick pattern with upper and lower shadows on the daily charts, indicating volatility. It remained above all key moving averages and in the upper band of Bollinger Bands, with a positive crossover in momentum indicators like the RSI (staying above the 50 level) and MACD (climbing above the zero line). The index was up 0.3 percent on Friday and 1.8 percent for the week. A Doji candlestick pattern formed on the weekly timeframe, indicating indecision among bulls and bears, while it also entered the upper band of Bollinger Bands.
