Nifty:26215.55/10.25/0.04%;Candle:OGU;Short day red; Bank Nifty:59737.3/209.2/0.35% Candle:OGU;Short day green;59737; HB:OGU;Short day green;1009;Tcs:OGU;Long day red;3135;RIL:OGU;Short day rec;1565.
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 finally hit a fresh record high above 26,300 after a 14-month consolidation phase, and managed to close flat with a positive bias on November 27. The expansion in Bollinger Bands, along with constructive technical and momentum indicators and a falling VIX, signalled a positive market mood. Experts expect the index to march toward 26,500–26,600 in the upcoming sessions, though intermittent consolidation is likely. Support is placed at 26,000–26,100, followed by 25,900–25,850 as the crucial support zone. The Nifty 50 formed a bearish candle with upper and lower shadows on the daily timeframe, signalling consolidation after the breakout. However, the index continued its higher-high and higher-low structure, while key moving averages trended upward. The RSI at 63.45 sustained above its reference line, with a positive crossover in the Stochastic RSI. The MACD showed a bullish crossover with further strengthening in the histogram. All this indicates ongoing bullish momentum despite near-term consolidation. The Bank Nifty outperformed the benchmark Nifty 50, rising 0.35 percent. It formed a bullish candle with an upper shadow on the daily charts and maintained a higher-top, higher-bottom formation, signalling continuation of its upward journey. The index hit a fresh high of 59,866 and closed near the upper line of the Bollinger Bands, which expanded on both sides. The RSI at 72.05, along with the Stochastic RSI and MACD, maintained bullish crossovers, with the MACD histogram climbing above the zero line. All this indicates strong bullish momentum and the potential for further upside.
Nifty:26205.3/320.5/1.24%;Candle:OF;Long day green; Bank Nifty:59528.05/707.75/1.2% Candle:OF;Long day green; HB:OGD;Long day green;1005;Tcs:OF;Long day green;3163;RIL:OF;Long day green;1570
Market wrap up(DWM,T,N,E):The Nifty 50 rebounded sharply on November 26 after three days of weakness, recording the biggest single-day rally of 1.24 percent since June, backed by broad-based buying and marking a robust start to the December series. The index, after taking support at the 20-day EMA, remained above all key moving averages with improving momentum indicators, closing at a fresh 52-week high. Hence, as long as the 26,000 support holds, a rally toward the record high near 26,300, followed by 26,500, is possible in the upcoming sessions despite intermittent consolidation, according to experts.The Nifty 50 formed a big green candle on the daily charts, almost engulfing all the previous four candles, signalling a strong position for the bulls. The index climbed back above the 10-day EMA and sustained above short- as well as medium-term moving averages, continuing the larger pattern of higher highs and higher lows. The RSI climbed to 63.21 with a positive crossover, while the MACD also turned bullish with the histogram rising above the zero line. All this indicates strengthening momentum and increasing bullish dominance. The Bank Nifty also showed Nifty-like performance, rising 1.2 percent and forming a long bullish candle on the daily timeframe. The index sustained well above all key moving averages, maintaining the higher top–higher bottom formation. The RSI turned bullish at 70.25, while the MACD and Stochastic RSI are on the verge of a breakout on the higher side, with the histogram flattening out. All this indicates a continuation of positive momentum and the likelihood of further upside.
Nifty:25884.8/-74.7/-0.29%;Candle:OGU;; Bank Nifty:58820.6/-15.05/-0.03% Candle:OGU;Short day red; HB:OGU;Long day red;990;Tcs:OGU;Short day red;3116;RIL:OGU;Short day green;1540;
Stocks removed from F&O ban: SAIL, Sammaan Capital
Market wrap up(DWM,T,N,E):he benchmark Nifty 50 extended its downward journey and maintained a lower-high, lower-low structure for the third straight session on November 25, closing the F&O expiry day down by a third of a percent. The momentum indicators signalled caution, but the VIX dropped sharply, and the index still held above 25,850—the immediate support converging with the 20 DEMA, 20 DSMA, and last week’s low. Hence, if the index decisively breaks below this level, a move toward 25,700 and 25,500 cannot be ruled out amid consolidation; however, sustaining above it could bring resistance at 26,000–26,100, experts said. The Nifty 50 formed a bearish candle on the daily timeframe, indicating selling pressure but with lower-than-previous-day and below-average volume. The index fell below the 10-day EMA but continued to sustain above the 20-day and 50-day EMAs and the midline of the Bollinger Bands (20 DSMA). The RSI declined to 54.4, the Stochastic RSI maintained a bearish crossover, and the MACD dropped below its reference line with weakness in the histogram. All of this indicates caution and the possibility of consolidation unless the index holds key support levels. The Bank Nifty formed a bearish candle with an upper shadow on the daily charts, signalling pressure at higher levels, but traded within the previous day’s range. The index closed flat with a negative bias and continued to trade well above all key moving averages. The RSI at 62.73 remained below the reference line, the Stochastic RSI sustained its bearish crossover, and the MACD maintained a negative crossover with the histogram falling slightly below the zero line. All of this indicates a short-term consolidation or mild corrective phase, while the broader trend remains intact above key supports.
Nifty:25959.5/-108.65/-0.42%;Candle:OGU;Long day red; Bank Nifty:58835.35/-32.35/-0.05% Candle:OGU;Short day red; HB:OF;Shooting star;998;Tcs:OGU;Short day red;3134;RIL:OF;Short day red;1435
Market wrap up(DWM,T,N,E):The benchmark indices fell four-tenths of a percent on November 24, continuing the downtrend and forming a lower-high, lower-low structure for the second straight session. The Nifty 50 closed below the 26,000 level ahead of monthly F&O contracts expiry due on November 25, with momentum indicators showing weakness. The next support for the index is placed at 25,850, the lower end of the previous week’s range (25,850–26,250) and the midline of the Bollinger Bands. If the index decisively breaks this level, bears may turn stronger and a fall toward 25,700 is possible. On the higher side, 26,100 and 26,250 are the hurdles to watch, experts said. The Nifty 50 formed a long bearish candle on the daily timeframe and tested the 10-day EMA during the session. The index still held above all key moving averages, but the RSI declined to 57.38 with a bearish crossover, and the Stochastic RSI also turned bearish. The MACD maintained a positive crossover but inclined downward, while the falling histogram suggested weakening momentum. All this indicates caution. The Bank Nifty formed a bearish candle with a long upper shadow and a minor lower shadow on the daily charts, accompanied by above-average volumes, indicating weakness and pressure at higher levels. The index still traded above all key moving averages, but the MACD dropped below the reference line with the histogram falling below the zero line. The RSI (at 63.05) and the Stochastic RSI maintained a bearish crossover. All this indicates a weakening momentum setup.
Nifty:26068.15/-124/-0.47%;Candle:OGD;Short day red; Bank Nifty:58867.7/-480/-0.81% Candle:OGD;Long day red; HB:OGD;Short day red;998;Tcs:OF;Doji;3150;RIL:OGD;Short day green;1544
The Nifty 50 snapped its two-day losing streak, falling half a percent on profit booking to close below the 26,100 level, with the sharply rising VIX signalling caution on November 21. However, the overall trend remains positive as the index continued to trade well above all key moving averages, with a positive crossover in momentum indicators. If the index convincingly breaks below the 26,000 mark, the 25,850–25,800 zone will be crucial to watch on the downside. On the other hand, sustaining above this range can drive the index toward 26,250, followed by 26,500, which remain the key upside targets, experts said. The Nifty 50 formed a bearish candle with an upper shadow on the daily charts, indicating selling pressure at higher levels, though the volume was lower than in the previous session. Despite this selling, the index still traded well above all key moving averages, with short- and medium-term moving averages trending upward and a slight expansion in the Bollinger Bands. The RSI remained above 60 at 62 with a positive crossover, though it was slightly inclined downward. The MACD maintained a bullish crossover, with the histogram sustaining above the zero line, while the Stochastic RSI stayed in a positive bias. All this indicates continued underlying strength, despite near-term caution. The Bank Nifty formed a bearish candle on the daily timeframe after creating a Spinning Top–type pattern in the previous session, declining 0.8 percent. The index continued to sustain above all key moving averages and the midline of the Bollinger Bands. The RSI held above 60 at 63.68 but showed a negative crossover, and the Stochastic RSI also indicated a bearish crossover. The MACD remained above the reference line, although it was inclined downward, with the histogram still above the zero line. All this indicates a potential slowdown in momentum while the broader trend remains intact.
Nifty:26192.15/139.5/0.54%;Candle:OGU;Short day green; Bank Nifty:59347.7/131.6/0.22% Candle:OGU;Short day green; HB:OGU;Long day green;1009;Tcs:OF;Doji;3150;RIL:OGU;Long day green;1550
Market wrap up(DWM,T,N,E):The Nifty 50 staged a strong performance, not only surpassing the double-top resistance of 26,100 but also inching closer to the record high zone, ending with more than half a percent rally despite weak market breadth on November 20. Given the strengthening momentum, experts expect the Nifty 50 to touch its record high of 26,277 soon, provided it holds 26,100 as an immediate support. Beyond this, 26,500 is the level to watch, while the sacrosanct support is placed at 25,800. The Nifty 50 formed a bullish candle with upper and lower shadows on the daily charts above its previous closing high, indicating continuation of the uptrend despite volatility. The index also closed above the falling resistance trendline, with key moving averages trending upward. The RSI, at 67.66, and the Stochastic RSI sustained their bullish crossovers, while the MACD maintained its positive crossover with further strength in the histogram. All this indicates strengthening momentum and a continuation of the prevailing bullish trend. The Bank Nifty remained in uncharted territory, hitting a fresh record high of 59,440 and closing with 0.22 percent gains. The index formed a bullish candle with upper and lower shadows on the daily timeframe and closed above the previous day’s high, signalling an upward continuation pattern despite volatility. The RSI climbed to 74, and the MACD sustained its positive crossover with further increase in the histogram. All this indicates strong bullish momentum in the banking space.
Nifty:26052.6/142.6/0.5%;Candle:OF;Long day green; Bank Nifty:59216.05/316.8/0.5% Candle:OF;Short day green; HB:OGD;Short day green;995;Tcs:OGD;Long day;green;3147;RIL:OF;Doji;1519
Market wrap up(DWM,T,N,E):The Nifty 50 bounced back with a stellar performance, rising over half a percent on November 19 despite weak overall market breadth. The technical and momentum indicators remained in favour of the bulls, signalling a positive mood going ahead. The index climbed toward 26,100—the crucial hurdle—for the third time since October. If the index successfully crosses and consistently holds above this zone, a move toward 26,300 (near the record high) could be easily seen in the upcoming sessions. However, support is placed in the 25,750–25,850 zone, according to experts. The Nifty 50 formed a long bullish candle and closed above the high of the previous day’s bearish candle on the daily charts, signalling strength and continuation of the upward trend. The short- and medium-term moving averages were inclined northward, while the RSI at 64.21 and the Stochastic RSI maintained a bullish crossover. The MACD also showed a positive crossover with the histogram climbing above the zero line. All this indicates sustained bullish momentum and strong buying interest at lower levels. The Bank Nifty sustained above the upper line of the Bollinger Bands for the third straight session, rising 0.54 percent to register a new closing high and forming a bullish candle with a lower shadow on the daily timeframe—signalling that bulls remain firmly in control. The RSI jumped to 72.88, and the Stochastic RSI continued its upward journey with a bullish crossover. The MACD remained in a positive crossover with further strengthening in the histogram. All this indicates robust bullish momentum and the possibility of continued upside in the near term.
Nifty:25910.05/-103.4/-0.4%;Candle:OF;Short day red; Bank Nifty:58899.25/-63.45/-0.11% Candle:OF;Doji; HB:OGU;Long day red;991;Tcs:OF;Long day red;3080;RIL:OGU;Doji;1520.
Market wrap up(DWM,T,N,E):The Nifty 50 snapped its six-day winning streak on profit-booking and failed to hold the psychological 26,000 zone, declining 0.4 percent on November 18. However, the trend remains in favour of the bulls as long as the index trades well above all key moving averages. Until the index decisively crosses its 26,100 hurdle, consolidation is likely to continue, with immediate support at the 25,800–25,700 zone, followed by 25,500 as a crucial support. Conversely, sustaining above the hurdle can open the door for 26,300–26,500 levels, according to experts. The Nifty 50 formed a bearish candle resembling a Bearish Engulfing–like candlestick pattern on the daily timeframe. It is a bearish reversal pattern formed after the recent rally, but confirmation is needed in the following session. The index still trades above all key moving averages, with short- and medium-term moving averages trending upward. The RSI declined to 60.18 but still maintained a bullish crossover, while the gap between the MACD and the reference line narrowed considerably, with moderate weakness in the histogram. All this indicates caution but not a confirmed reversal. The Bank Nifty formed a bearish candle with upper and lower shadows on the daily charts, indicating some nervousness amid volatility after hitting a new high of 59,104. The index corrected 0.11 percent but continued its higher-high–higher-low formation for another session and sustained above all key moving averages. The RSI at 70 remained in bullish crossover, while the MACD showed a breakout on the higher side with the histogram climbing above the zero line. The Stochastic RSI continued to trend higher with a positive crossover. All this indicates ongoing bullish momentum despite minor volatility.
Nifty:%;Candle:OGU;Short day green; Bank Nifty:% Candle:OGU;Short day green; HB:OGU;Short day green;997;Tcs:OF;Short day red;3100;RIL:OF;Short day red;1518
Market wrap up(DWM,T,N,E):The Nifty 50 extended its upward journey for the sixth straight session, rising 0.4 percent on November 17, with technical and momentum indicators aligning with the rally. The index closed above the 26,000 level for the first time since October 29. According to experts, if the index sustains this zone, 26,100 (the October high) will be the immediate level to watch, followed by 26,300 (near the record high) in the upcoming sessions. The immediate support has also shifted higher to the 25,900–25,800 zone. The Nifty 50 formed a bullish candle on the daily timeframe with a higher-high, higher-low structure, indicating continuation of the positive trend. The index not only traded well above all key moving averages, but the short- and medium-term moving averages also turned upward. The RSI, at 65.12, and the Stochastic RSI both maintained a bullish crossover, while the MACD is on the verge of a positive crossover, with its histogram moving closer to the zero line. All this indicates strengthening momentum and sustained bullishness. The Bank Nifty tested the 59,000 mark for the first time, rising 0.76 percent after a gap-up opening, and formed a bullish candle on the daily charts, entering uncharted territory. The index closed above the upper Bollinger Band and traded well above all key moving averages. The RSI jumped to 71.41 with a positive crossover, while the MACD is on the verge of a bullish crossover, with weakness in its histogram fading considerably over the past few sessions. All this indicates continued strength and momentum in the banking space.
Nifty:25910.05/30.9/0.12%;Candle:OGD;Short day green; Bank Nifty:58517.55/135.6/0.23% Candle:OGD;Long day green; HB:OGD;Long day green;989;Tcs:OGD;Short day green;3112;RIL:OGD;Short day green;1518;
Market wrap up(DWM,T,N,E):The late trade recovery helped the Nifty 50 close at a more than two-week high, i.e., above 25,900, especially after the mandate for the NDA in the Bihar elections, up 0.1 percent on November 14, with strengthening technical and momentum indicators. As long as the index sustains above 25,700, the upward journey toward the 26,000–26,100 hurdle is possible in the upcoming sessions; however, falling below this can bring the index toward the crucial support of the 25,500–25,450 zone, according to experts. The Nifty 50 formed a long bullish candle on the daily charts with above-average volumes, sustaining above all key moving averages and in the upper Bollinger Band. The short-term moving averages trended upward. The RSI stayed above the 60 level at 62.24 with a bullish crossover, and the Stochastic RSI remained in a positive crossover. The histogram inched closer to the zero line, and the MACD inclined toward the reference line. All this indicates strengthening bullish momentum and the potential for continued upside in the near term. The Bank Nifty sustained above the falling trendline (which was resistance earlier and now acts as support) for the third straight session and reached the upper line of the Bollinger Band, forming a long bullish candle on the daily timeframe. The index ended at a new closing high with 0.23 percent gains, sustaining above all key moving averages. The RSI, at 67.08, showed a positive crossover, and the Stochastic RSI sustained its bullish crossover. The MACD histogram weakness has consistently been fading. All this indicates a continuation of the prevailing uptrend with strong buying interest and supportive momentum.
