Nifty:25879.15/3.35/0.01%;Candle:OGU;Short day red; Bank Nifty:58381.95/107.3/0.18% Candle:OGD;Short day green; HB:OGD;Short day green;986;Tcs:2105;OF;Short day red;RIL:1512;OF;Doji
Market wrap up(DWM,T,N,E):The Nifty 50 continued its uptrend and higher-high structure for the fourth consecutive session, though it lost more than 130 points from the day’s high (a tad above 26,000) to close flat with a positive bias on November 13. Further, the index stayed above all key moving averages, with improving momentum indicators. Hence, the trend remains favourable for the bulls. For a further uptrend toward the 26,100–26,200 zone, the index needs to climb and sustain above 26,000. Until then, consolidation and range-bound trading may be seen, with support at 25,800–25,700, according to experts. The Nifty 50 formed a small bearish candle with upper and lower shadows, resembling a high-wave or Doji-like candlestick pattern on the daily timeframe, signalling volatility and indecision among bulls and bears. The short-term moving averages trended upward, with the RSI climbing to 61.36 and showing a positive crossover. The Stochastic RSI maintained its bullish crossover, while the weakness in the histogram faded further, though the MACD remained below the reference line. All these factors indicate a continuation of a healthy trend ahead. The Bank Nifty sustained above the falling trendline (which earlier acted as a resistance and now serves as a support) despite witnessing pressure at higher levels. The index hit an intraday record high of 58,616 and formed a bullish candle with an upper shadow on the daily charts. It also remained above all key moving averages, with the RSI at 65.61 crossing the reference line on the higher side, while the Stochastic RSI maintained its bullish crossover. The MACD stayed in a bearish crossover above the zero line, but the weakness in its histogram faded further. All these indicators suggest underlying strength in the banking index.
Nifty:25875.8/180.85/0.7%;Candle:OGU;Short day green; Bank Nifty:58274.65/136.5/0.23% Candle:OGU;Short day red; HB:990;OGU;Short day red;;Tcs:OGU;Long day green;3125;RIL:OGU;Doji;1512
Market wrap up(DWM,T,N,E):The Nifty 50 recorded a seven-tenth of a percent rally after a gap-up opening and sustained above all key moving averages, continuing its higher-high formation for the third consecutive session on November 12, signaling a positive trend ahead. Now, the index needs to reclaim and sustain above 25,900 for a further upward move toward the 26,000–26,100 hurdle. Until then, it may consolidate with 25,700 support, according to experts. The Nifty 50 formed a bullish candle with upper and lower shadows on the daily timeframe after a gap-up opening, accompanied by above-average volumes, indicating an uptrend continuation pattern. The index sustained above all key moving averages and the midline of the Bollinger Band. The RSI climbed to 61.27 and is on the verge of a bullish crossover, while the Stochastic RSI sustained a positive crossover. The MACD remained below the reference line, though the weakness in the histogram faded further. All these factors indicate a continuation of bullish momentum The Bank Nifty formed a Bearish Belt Hold-like candlestick pattern on the daily charts after a rally since last Friday, but still closed 0.23 percent higher, sustaining above the falling resistance trendline. The index remained above all key moving averages and the midline of the Bollinger Band, while the RSI, at 64.44, climbed further and reached near the reference line. The Stochastic RSI maintained its positive crossover. The MACD remained below the reference line, but the weak momentum in its histogram faded further. All these factors indicate a gradual strengthening of the trend despite the short-term consolidation signal. Stocks added to F&O ban: Nil
Nifty:25694.95/120.6/0.47%;Candle:OGU;Short day green; Bank Nifty:58138.15/200.6/0.35% Candle:OGU;Short day green; HB:992;OGD;Long day green;Tcs:3049;OGU;DOji;RIL:1494;OGU;SHort day red
Market wrap up(DWM,T,N,E):The Nifty 50 corrected sharply intraday but recouped all its losses in the second half from the 25,450 (day’s low) zone and closed with half a percent gains on November 11. The index climbed above its 25,670 resistance as well as the short-term moving averages and the midline of the Bollinger Band, signaling a positive trend. If the index sustains above this level and decisively clears the 25,800 hurdle, 26,000 is the level to watch in the upcoming sessions. However, on the lower side, 25,500–25,450 is expected to act as immediate support, according to experts. The Nifty 50 formed a bullish candle with a long upper shadow on the daily timeframe, indicating healthy buying interest at lower levels and a continuation of upside momentum amidst high volatility. With Tuesday’s gains, the index now trades above all key moving averages. The RSI rose to 56.07, though it remained below the reference line. The Stochastic RSI showed a bullish crossover, while the MACD sustained a negative crossover with fading weak momentum in the histogram. All this indicates improving market sentiment and a possible continuation of the short-term uptrend. The Bank Nifty also formed a bullish candle with a long lower shadow on the daily charts, indicating strong buying interest at the lower zone. The index continued its uptrend and higher-high formation for the third consecutive session, while sustaining above all key moving averages. The RSI jumped to 62.95, though it remained below the reference line. The MACD also stayed below the reference line, but weakness in the histogram faded on Tuesday, while the Stochastic RSI maintained a positive crossover. All this indicates improving momentum and continued strength in the banking space.
Nifty:25574.35/82.05/0.32%;Candle:OF;Long day green; Bank Nifty:57937.55/60.75/0.1% Candle: ; HB:OF;Inverted hammer;985;TCSOF;Short day green:;3020;RIL:OF;Inverted hammer;1490;
The Nifty 50 rebounded after a three-day weakness and finished the session one-third of a percent higher on November 10. The index not only stayed above 25,300 but also climbed above the psychological 25,500 zone, thereby negating the lower high–lower low structure of the past six consecutive sessions. If the index manages to hold 25,500, which acts as immediate support, an upward move toward 25,700–25,800 in the upcoming sessions is possible. However, 25,300 is expected to remain a crucial support level, as a decisive break below it could bring bears back into action, experts said. The Nifty 50 formed a bullish candle with an upper shadow on the daily timeframe, indicating a positive bias despite pressure at higher levels. The index tested the short-term moving averages (10- and 20-day EMAs) intraday but could not sustain above them on a closing basis, while it continued to trade well above the medium- and long-term moving averages. The RSI climbed to 52, though it still remained below the reference line. The Stochastic RSI is on the verge of a bullish crossover in the oversold zone, while the MACD continued to exhibit a bearish crossover with the histogram falling further. All these indicators suggest a mild positive bias with potential for further recovery, though some caution is warranted due to mixed momentum signals. The Bank Nifty also formed a bullish candle with an upper shadow on the daily charts, following a Bullish Engulfing–type pattern formation in the previous session. This signals a positive trend despite some pressure at higher levels. The index continued to sustain above all key moving averages as well as the midline of the Bollinger Band. The RSI climbed to 60.71 but still reflected a bearish crossover, while the Stochastic RSI displayed a positive crossover in the oversold zone. The MACD remained below the reference line, with the histogram showing a further decline. All these indicators point toward a positive undertone but also suggest limited momentum at higher levels unless a strong breakout emerges.
Nifty:25495.2/-17.4/-0.07%;Candle:OGD;Short day green; Bank Nifty:57876.8/322.55/0.56% Candle:OGD;Long day green ; HB:OGD;Short day green;984;TCS:OF;Hammer;2994;RIL:OF;Long day red;1480;
Market wrap up(DWM,T,N,E):The Nifty 50 significantly cut down intraday losses and defended the key support zone placed at 25,300–25,350, which converged with the 50-day EMA, the 50 percent Fibonacci retracement of the recent sharp rally, the falling earlier resistance trendline (now acting as a support line), and the 10-week EMA. However, it still ended with moderate losses on November 7. Experts suggest that if the index manages to hold 25,300 in the upcoming sessions, a gradual upmove toward 25,650–25,800 and then 26,000 could be possible amid consolidation. On the other hand, a decisive break below this level could drive the index toward 25,000. The Nifty 50 formed a bullish candle with a minor upper shadow and a long lower shadow on the daily charts, indicating strong buying interest at lower levels and some pressure at higher levels amid volatility. The index remained below short-term moving averages and the midline of the Bollinger Band, but still above medium- and long-term moving averages. The RSI (at 49.16) and MACD remained below their reference lines, while the histogram weakened further, indicating bearish momentum. The Bank Nifty outperformed the Nifty 50 on Friday, rising 323 points and forming a bullish candle with both upper and lower shadows on the daily timeframe, signaling a positive trend. The index also climbed back above short-term moving averages and the midline of the Bollinger Band. The RSI moved upward to 60.03, though it still maintained a bearish crossover, while the MACD remained below the reference line with continued weakness in the histogram. All these factors indicate a cautious yet improving momentum.
Nifty:2559.7/-87.75/-0.4%;Candle:OF;Short day red; Bank Nifty:57554.25/-272.8/-0.47% Candle:OGD;Short day red ; HB:OGD;Short day green;988;TCS:OF;Short day green;3013; RIL:OGU;Short day green;1495;
Market wrap up(DWM,T,N,E):The Nifty 50 extended its southward journey for the second consecutive session, falling by a third of a percent as technical and momentum indicators weakened further on November 6. Given the breakdown below short-term moving averages, experts expect the index to decline further towards 25,450. A decisive break below this level could open the door for a fall to 25,350–25,300, which converges with the 50 percent Fibonacci retracement of the recent sharp rally and the 50-day EMA. However, on the higher side, resistance is placed in the 25,700–25,800 zone. The Bank Nifty also formed a Nifty 50-like candle pattern on the daily charts and broke the consolidation range on the downside, signaling the possibility of increased selling pressure ahead. The index, however, still held above its 20-day EMA (which coincides with the 23.6 percent Fibonacci retracement of the recent sharp rally) and the midline of the Bollinger Bands. The RSI declined to 56.30 from Monday’s 65.60 level, while the MACD sustained its negative crossover, with the histogram falling further. All these indicators point toward potential short-term weakness and continued pressure on the index.
Nifty:25611.55/-165.7/-0.64%;Candle:OGD;Short day red; Bank Nifty:57827.05/-274.4/0.47% Candle:OGD;Short day red ; HB:OGD;invertedhammer;986;TCS:OF;Long day red;2988;;RIL:OF;Long day red;1471;
Market wrap up(DWM,T,N,E):The Nifty 50 closed just below 25,600 with a loss of six-tenths of a percent on November 4. Given the index falling below short-term moving averages and momentum indicators turning weak, short-term consolidation and range-bound trading cannot be ruled out. However, the medium-term trend remains positive. According to experts, if the index sustains below 25,600, the 25,500–25,400 levels will be key support zones to watch. On the upside, resistance may be faced at the 25,750–25,800 levels, above which 25,600 could be possible. The Nifty 50 formed a long bearish candle on the daily charts, continuing the lower high-lower low structure with above-average volume. The index dropped below the 10 and 20-day EMAs but still held above the 50 and 100-day EMAs. The RSI fell to 52.76, showing a bearish crossover, while the MACD turned negative with a crossover and the histogram dropped below the zero line. All of this indicates a weakening short-term trend. The Bank Nifty formed a bearish candle with upper and lower shadows within the previous day’s range, indicating an inside bar pattern, while sustaining above short- and medium-term moving averages. The RSI fell to 60.75, continuing its negative crossover, while the histogram remained below the zero line, with a bearish crossover in the MACD. All of this suggests a bearish outlook for the short-term.
Nifty:2576.35/41.25/0.16%;Candle:OGD;Doji; Bank Nifty:58101.45/325.1/0.56% Candle:OF;Short day green ; HB:OGD;Short day green;993; TCS:3020;OGU;Short day red; RIL:1487;OF;Doji
Market wrap up(DWM,T,N,E):The Nifty 50 could not witness follow-through selling on November 3, ending the session with moderate gains. The index traded above the 20-day and 50-day EMAs as well as the midline of the Bollinger Bands, but continued to display a lower high–lower low structure on the daily chart, along with a bearish crossover in the RSI. Hence, until these indicators align positively, the consolidation phase may continue, with the 25,700–25,600 zone acting as key support. Below this, 25,500 remains a crucial support level. On the higher side, the 25,900–26,000 zone is expected to act as a hurdle, according to experts. The Nifty 50 formed a bullish candle with upper and lower shadows on the daily chart, reflecting a positive trend amid volatility. The lower high–lower low structure continued for the third consecutive session after the index hit 26,100. It remained below the 10-day EMA but sustained above the 20-day and 50-day EMAs, as well as above the midline of the Bollinger Bands. The RSI, at 58.99, maintained a bearish crossover, while the MACD was on the verge of a negative crossover, with its histogram flattening out. All these signals indicate that while some underlying strength persists, the index may remain in a consolidation phase until momentum indicators turn favourable. The Bank Nifty formed a bullish candle within the previous day’s range, supported by above-average volumes, suggesting a positive undertone. The index traded above all key moving averages. The RSI, at 65.60, moved upward but remained in a negative crossover, while the MACD displayed a bearish crossover, with the histogram dipping below the zero line. These mixed signals indicate short-term caution despite the prevailing positive sentiment.
Nifty:25727.75/-155.75/-0.6%;Candle:OGD;Long day red; Bank Nifty:57786.35/-254.75/-0.44% Candle:OGD;Short day red ; HB:OGD;Short day red;988TCS:OF;Short day green;3060;RIL;OGD;Doji;1487;
Market wrap up(DWM,T,N,E):The Nifty 50 extended its downward journey for the second consecutive session, losing 0.6 percent on October 31 and 1.5 percent from the week’s high due to profit booking. Momentum indicators signaled some caution in the short term, especially after a sharp rally in October. However, the overall trend remains positive as long as the index defends the 25,500–25,400 support zone. A The Nifty 50 formed a long bearish candle with an upper shadow on the daily timeframe, indicating selling pressure at higher levels. The index slipped below its 10-day EMA, though it still held above the 20-, 50-, and 100-day EMAs. It also fell below a 23.6 percent Fibonacci retracement of its October rally. Meanwhile, the RSI (57.84) and Stochastic RSI sustained a bearish crossover, and the MACD is on the verge of a negative crossover with the histogram showing fading momentum. Together, these indicators suggest short-term caution. breakdown below this area could strengthen the bears, whereas holding above it amid the current nervousness and consolidation could push the index back toward 25,900–26,000, followed by a hurdle at 26,100, according to experts. The Bank Nifty also formed a bearish candle with a long upper shadow on the daily chart for the second consecutive session, accompanied by above-average volumes—signaling weakness at higher levels. The index fell below its 10-day EMA and approached the previous record high (57,628) and last week’s low (57,482), though it continues to trade comfortably above the 20-, 50-, and 100-day EMAs. The RSI (62.29) and Stochastic RSI both showed bearish crossovers, while the MACD is nearing a negative crossover with a declining histogram. All these factors point to potential short-term weakness.
