Nifty:25938.85/-3.25/-0.01%;Candle:OF;Doji; Bank Nifty:59171.25/238.9/0.41% Candle:OF;Short day green ; HB:OGD;Short day green;995;RIL:OGD;Doji;1541;TCS:OGD;Doji;3255;
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 finished the session flat with a negative bias on the monthly F&O expiry day on December 30, extending its downtrend for the fourth consecutive day. Technical and momentum indicators remained bearish; however, the recovery toward the psychological 26,000 mark in the afternoon and the formation of a neutral pattern at the support level (after the recent decline) raised the possibility of a bounce-back in the upcoming sessions. In such a case, an upward move toward the 26,100–26,300 zone is possible. However, failure to confirm a rebound in the following session could drive the index down toward the 25,800–25,700 zone, experts said. The Nifty 50 formed a Doji candlestick pattern on the daily timeframe at the support level, indicating indecision between bulls and bears after the recent decline. The index remained below short-term moving averages and the midline of the Bollinger Bands. Momentum indicators continued to signal bearishness, with the RSI sustaining below the 50 mark. All these factors indicate a cautious outlook and the need for confirmation in the next session. The Bank Nifty formed a bullish candle, resembling a bullish engulfing-type pattern (not a classical one), on the daily charts after the recent decline, indicating improving sentiment. The index took support at an upward-sloping trendline and climbed above short-term moving averages. It tested but failed to close above the midline of the Bollinger Bands. Momentum indicators turned mildly supportive, with the RSI (53.25) on the verge of a bullish crossover and the Stochastic RSI climbing above the reference line. The MACD stayed below the reference line, though weakness in the histogram faded. All these factors indicate emerging strength, though confirmation is still awaited.
Nifty:25942.1/-100.2/-0.38%;Candle:OF;; Bank Nifty:58932.35/-79/-0.13% Candle:OF; ; HB:OF;Short day red;993;RIL:OF;Short day red;1547;TCS:OF;Short day red;3256;
Market wrap up(DWM,T,N,E):The Nifty 50 remained under pressure for the third straight session, falling four-tenths of a percent on December 29 ahead of the monthly F&O expiry due on December 30. The index broke below short-term moving averages and the midline of the Bollinger Bands, accompanied by bearish momentum indicators. The next support is placed at the 50 EMA (25,830), followed by 25,726 as a key support zone. If the index breaks below 25,726, the higher high–higher low formation could get negated and bears may take control. However, holding consistently above this level and bouncing back may raise the possibility of the index moving toward 26,300 and the continuation of the higher high–higher low structure, experts said. The Nifty 50 formed a bearish candle on the daily timeframe and dropped below short-term moving averages, signalling bearish sentiment. Momentum indicators also remained weak, with the RSI falling below 50 to 49.06, while the Stochastic RSI sustained below its reference line. The MACD turned bearish, with the histogram falling below the zero line. All these indicators point to short-term weakness in the index. The Bank Nifty formed a bearish candle with upper and lower shadows on the daily charts, indicating indecision between bulls and bears. The banking index sustained below short-term moving averages (10- and 20-day EMAs) and the midline of the Bollinger Bands, while momentum indicators remained bearish, with the RSI falling to 48.5. The MACD also sustained below its reference line with consistent weakening in the histogram. All these signals indicate short-term uncertainty and bearish bias in the Bank Nifty.
Nifty:26042.3/-99.8/-0.38%;Candle:OF;; Bank Nifty:59011.35/-172.25/-0.29% Candle:OF; ; HB:OGD;Short day red;992;RIL:OGD;Short day green;1560;TCS:OGD;Short day red;3277;
Market wrap up(DWM,T,N,E):The Nifty 50 extended its downward move for another session, negating the higher-highs–higher-lows formation of the previous four consecutive days and falling 0.38 percent, though it defended short-term moving averages and the midline of the Bollinger Bands on December 26. According to experts, the market is expected to remain rangebound amid low volumes. If the index falls and sustains below the immediate key support of the 26,000–25,950 zone, selling pressure may widen; however, holding above this zone could take the index toward the 26,100–26,150 zone. The trading range for the next couple of sessions could be 25,950–26,300. The Nifty 50 formed a bearish candle with minor upper and lower shadows on the daily charts, indicating weakness, though support was seen at short-term moving averages and the midline of the Bollinger Bands on a closing basis. The index witnessed a lower-high–lower-low formation for the first time in the last five sessions. The RSI, at 52.97, inched down toward the reference line, while the Stochastic RSI showed a negative crossover. The MACD sustained slightly above the reference line, though the histogram strength weakened. All this indicates cautious sentiment with increasing downside risk unless key supports hold. The Bank Nifty formed a bearish candle with upper and lower shadows on the daily timeframe, indicating weakness amid volatility. The index sustained below short-term moving averages as well as the midline of the Bollinger Bands. The RSI dropped to 50.06, and the Stochastic RSI turned bearish. The MACD remained below the reference line, with weakness in the histogram. All this indicates a weak short-term trend with limited upside until key resistance levels are reclaimed.
Nifty:26142.1/-35.05/-0.36%;Candle:OF;Long day red; Bank Nifty:59183.6/-115.95/-0.2% Candle:OF;Long day red ; HB:OGD;Short day green;995;RIL:OF;Short day red;1561;TCS:OF;Short day green;3313;
Market wrap up(DWM,T,N,E):The Nifty 50 saw consolidation for another session and closed flat with a negative bias on December 24, especially after the recent rally, but continued its higher-high-higher-low formation and sustained well above all key moving averages. According to experts, the consolidation may continue for one or two more sessions; however, they remain hopeful of an upward journey toward the 26,300 and 26,500 levels in the short term, given the positive technical and momentum indicators. Meanwhile, derivative data suggested that support has shifted higher to the 26,100–26,000 zone. The Nifty 50 formed a small bearish candle with an upper shadow on the daily timeframe but held the previous day’s closing level, indicating a continuation of a breather for another session after the recent rally. The index sustained well above all key moving averages as well as the midline of the Bollinger Bands. The RSI also stayed above the reference line, though it dropped slightly to 57.18, while the MACD turned positive with the histogram rising further. The Stochastic RSI also sustained a bullish crossover. All this indicates continued strength with short-term consolidation. The Bank Nifty formed a bearish candle with an upper shadow on the daily charts with lower volume and continued to hover around short-term moving averages and the midline of the Bollinger Bands, while sustaining above the falling resistance trendline, which has now turned into support. The index moved closer to 59,500 before closing 116 points lower. The RSI slightly turned bearish, but the Stochastic RSI still held above the reference line. The MACD maintained a bearish crossover, but the weakness in the histogram faded further for the fourth consecutive session. All this indicates limited downside and possible base formation.
Nifty:26177.15/4.75/0.02%;Candle:OF;Doji; Bank Nifty:59299.55/4.45/0.01% Candle:OF;Doji ; HB:OGU;Short day green;997;RIL:OGU;Short day red;1569;TCS:OF;Doji;3305;
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 closed flat with a positive bias after range-bound trading, extending its uptrend and higher high–higher low formation for the third consecutive session on December 23. Momentum indicators also remained healthy. Hence, according to experts, the ongoing consolidation may continue for a couple of days before the index gains strength for a move toward the 26,300–26,400 levels. The immediate hurdle is placed at 26,200, and sustaining above it is required for a sharp market run. Until then, consolidation may be seen, with immediate key support at 26,000. The Nifty 50 formed a small-bodied bearish candle with upper and lower shadows on the daily timeframe, indicating indecision among market participants after the recent pullback rally. The higher high–higher low structure continued, with short-term moving averages trending upward and the 10-day EMA climbing above the 20-day EMA. The RSI climbed to 58.70 and held above the reference line, while the Stochastic RSI maintained a strong bullish crossover. The MACD also turned positive, with the histogram rising above the zero line. All this indicates a continuation of the positive underlying trend. The Bank Nifty formed a bearish candle with upper and lower shadows on the daily timeframe, signalling indecision among bulls and bears, though the higher top–higher bottom formation continued. The index sustained above all key moving averages, even though it closed marginally below the midline of the Bollinger Bands. The Stochastic RSI maintained a bullish crossover, while the RSI slipped slightly to 55.99 but held marginally above the reference line. Histogram weakness faded further, though the MACD stayed below the reference line. All this indicates a cautious yet positive bias in the near term.
Nifty:26172.4/206/0.79%;Candle:OGU;Long day geen; Bank Nifty:59304/234.8/0.4% Candle:OGU;Short day green ; HB:OGU;Doji red;987;RIL:OGU;Short day green;1577;TCS:OGU;Long day green;3325;
Market wrap up(DWM,T,N,E):The Nifty 50 extended its healthy rally for the second consecutive session, closing 0.8 percent higher and moving closer to the 26,200 hurdle after a gap-up opening on December 22. Momentum and technical indicators turned bullish, with the index sustaining well above the falling resistance trendline. Hence, if the index reclaims and sustains above 26,200, a move toward the record high of 26,326 cannot be ruled out in the upcoming sessions. The immediate and crucial support is placed at the 26,000 zone, according to experts. The Nifty 50 formed a long bullish candle on the daily charts, with a continuation of the higher high–higher low formation for another session and sustained trading above the resistance trendline. This indicates a decisive breakout of a crucial hurdle and the triangle pattern around the 26,000 level. The index traded well above all key moving averages, with short-term moving averages trending upward, and also remained above the midline of the Bollinger Bands. The RSI turned bullish and climbed to 58.56, while the MACD inched upward toward the reference line, with weakness in the histogram fading further. All these indicators point toward strengthening bullish momentum. The Bank Nifty formed a bullish candle with small upper and lower shadows on the daily timeframe, indicating a continuation of its upward journey despite volatility. The index witnessed a breakout above the down-sloping resistance trendline and also climbed above the midline of the Bollinger Bands (59,300). It scaled above short-term moving averages, while the RSI (at 56.08) is on the verge of a bullish crossover. The Stochastic RSI also turned positive, while weakness in the histogram reduced further, though the MACD remained below the reference line. All these signals indicate improving momentum and a positive bias.
Nifty:25966.4/150.85/0.58%;Candle:OGU;; Bank Nifty:59069.2/156.35/0.27% Candle:OGU;Doji ; HB:OGU;Short day red;985;RIL:OGU;Short day green;1565;TCS:OGU;Short day red;3285;
Market wrap up(DWM,T,N,E):The Nifty 50 bounced back sharply on December 19 after four days of weakness, recouping all the previous three-day losses in a single session. Regaining levels above short-term moving averages and the falling resistance trendline, along with significantly higher volumes and a bullish crossover in momentum indicators, supported market sentiment. Hence, if the index maintains its upward journey and sustains above the 26,000 zone, the 26,200–26,300 levels will be crucial to watch in the upcoming sessions. However, the 25,800–25,700 zone is expected to act as a key support, according to experts. The Nifty 50 formed a bullish candle with minor upper and lower shadows on the daily charts after a gap-up opening, signalling a positive trend despite volatility. The index negated lower high-lower low formation of previous four consecutive sessions. It defended the 50-day EMA and the rising support trendline and closed above short-term moving averages as well as the falling resistance trendline. The RSI rose to 52.07 with a positive crossover, and the Stochastic RSI also turned bullish, while the MACD histogram showed fading weakness. All these indicators suggest strengthening bullish momentum. The Nifty 50 formed a bullish candle with minor upper and lower shadows on the daily charts after a gap-up opening, signalling a positive trend despite volatility. The index negated lower high-lower low formation of previous four consecutive sessions. It defended the 50-day EMA and the rising support trendline and closed above short-term moving averages as well as the falling resistance trendline. The RSI rose to 52.07 with a positive crossover, and the Stochastic RSI also turned bullish, while the MACD histogram showed fading weakness. All these indicators suggest strengthening bullish momentum.
Nifty:25815.55/-3/-0.01%;Candle:OGD;Short day green; Bank Nifty:58912.85/-13.9/-0.02% Candle:OGD;Short day green ; HB:980;OGD;Short day green;RIL:OGD;Short day green;1544;TCS:OGU;Long day green;3281;
Market wrap up(DWM,T,N,E):The Nifty 50 failed to sustain its intraday recovery and closed flat with a negative bias, continuing its southward journey and maintaining a lower high–lower low structure for the fourth straight session on December 18. However, it appears to have formed a bullish reversal–type pattern on both the Nifty and the Bank Nifty. The Nifty 50 managed to defend the 50-day EMA as well as the upward-sloping support trendline on a closing basis (both in the 25,750–25,800 range), along with the lower end of the bullish gap zone of November 12 (slightly above 25,700). If the index rebounds, the 25,900–26,000 zone can act as a hurdle on the upside; however, a decisive fall below 25,750–25,700 could open the door to the 25,500–25,450 zone, experts said. The Nifty 50 formed a bullish candle with a long upper shadow and a minor lower shadow, somewhat resembling an inverted hammer–type pattern (though not a classical one) on the daily timeframe, which is generally considered a bullish reversal pattern. The index remained between the short-term and medium-term moving averages on a closing basis. However, the momentum indicators remained bearish, with the RSI falling to 46.37 and the MACD moving down toward the zero line, accompanied by a further decline in the histogram. All this indicates cautious sentiment with limited upside momentum. The Bank Nifty formed a bullish candle with a long upper shadow, resembling an inverted hammer–type pattern on the daily timeframe (which is generally a bullish reversal pattern), indicating that selling pressure may be weakening and that buyers attempted to regain control by testing the 20-day EMA intraday. The index held above the rising support trendline as well as the previous day’s low on a closing basis. However, the momentum indicators remained weak, with the RSI declining to 49.58 and the MACD sustaining below the reference line, along with further weakness in the histogram. All this indicates a tentative stabilization, though momentum confirmation is still lacking.
Nifty:25818.55/-41.55/-0.16%;Candle:OGU;Short day red; Bank Nifty:58926.75/-107.85/-0.18% Candle:OF;Short day red; ; HB:OGU;985;Long day red;RIL:OGU;1545;short day red;TCS:OF;3218;Short day green;
Market wrap up(DWM,T,N,E):The Nifty 50 continued its downtrend and lower high–lower low structure for the third straight session, falling nearly 0.2 percent on December 17. It remained below short-term moving averages and moved closer to the 50-day EMA (25,765) and the lower Bollinger Band (25,735), with weakening momentum indicators signalling a bearish bias. This suggests that 25,750–25,700 is expected to be the immediate key support for the index; a fall below this zone could drive the index toward 25,500, the crucial support. On the higher side, 25,950–26,050 is expected to be the resistance zone, and sustaining above it could open the door for 26,300, experts said. The Nifty 50 reported a bearish candle with minor upper and lower shadows on the daily charts, indicating bears gaining control. The index traded below the 10- and 20-day EMAs as well as the midline of the Bollinger Bands, and above the 50-day EMA and the lower Bollinger Band. The RSI dropped to 46.47, and the Stochastic RSI turned bearish. The MACD remained below the reference line, with the histogram below the zero line. All this indicates weakening momentum and a continued bearish bias. The Bank Nifty formed a bearish candle with upper and lower shadows on the daily timeframe, with a continuation of the lower top–lower bottom formation for the third consecutive session. The index traded between the middle and lower Bollinger Bands, and below short-term moving averages. The momentum indicators were also weak, with the RSI at 49.81, and the Stochastic RSI and MACD below the reference line, along with a further fall in the histogram. All this indicates continued weakness in the index.
Nifty:25860.1/-167.2/-0.64%;Candle:OGD;Long day red; Bank Nifty:59034.6/-427.2/-0.72% Candle:OGD;Long day red ; HB:OGD;Short day green;994;RIL:OGD;Doji;1541;TCS:OGD;Short day red;3207;
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 failed to consistently hold the psychological 26,000 zone and closed 0.64 percent lower on December 16. The index was unable to give a strong close above the falling resistance trendline and, on Tuesday, finished below short-term moving averages, signalling the inability of bulls to defend the 26,000 level and the continuation of a lower high–lower low formation. Hence, as long as the index trades below 26,100, consolidation may continue with support at 25,750–25,750. However, a convincing move above this level could drive the index toward the 26,200–26,300 zone, experts said. The Nifty 50 formed a bearish candle on the daily timeframe, with the continuation of a lower high–lower low structure, signalling nervousness in the market. In addition, the index dropped below short-term moving averages (10- and 20-day EMAs) as well as the midline of the Bollinger Bands, and is trading near the 50 percent Fibonacci retracement (of the rally from the November 7 low to the December 1 high). The RSI declined to 47.82, while the MACD maintained a bearish crossover with weakness in the histogram. All this indicates increasing caution and short-term weakness. The Bank Nifty also reported a bearish candle on the daily charts, closing below short-term moving averages with a 0.7 percent loss, indicating weakness amid ongoing consolidation. Momentum indicators showed nervousness, with the RSI declining to 51.55 with a negative crossover, while the MACD remained below the reference line with weakness in the histogram. All this indicates continued consolidation with a bearish bias in the short term.
