Nifty:26027.3/-19.65/-0.08%;Candle:OGD;Long day green; Bank Nifty:59461.8/72.85/0.12% Candle:OGD;Long day green ; HB:OGD;Short day green;995;RIL:OGD;Short day green;1557;TCS:OGD;Short day green;3227;
Market wrap up(DWM,T,N,E):The Nifty 50 snapped its two-day winning streak and finished the session marginally lower on December 15. The index sustained above all key moving averages but remained slightly below the midline of the Bollinger Bands (26,032). If the index reclaims and sustains above this level, a rally towards 26,200–26,300 cannot be ruled out in the upcoming sessions. However, until then, it may consolidate, with support placed in the 25,750–25,700 zone, according to experts. The Nifty 50 formed a bullish candle on the daily charts, which is positive, but it could not close above the previous day’s high. The index sustained above all key moving averages but failed to close above the midline of the Bollinger Bands. The Stochastic RSI maintained a positive crossover, while the RSI slipped slightly to 53.68 and stayed marginally below the reference line. Histogram weakness faded for the third consecutive session, but the MACD remained below the reference line. All these indicators suggest consolidation with a positive bias. The Bank Nifty formed a bullish candle and closed above the downward-sloping resistance trendline, while also sustaining above all key moving averages and the midline of the Bollinger Bands, which is a positive sign. The Stochastic RSI maintained a bullish crossover, while the RSI rose to 59.18 though remained below the reference line. The weakness in the histogram faded further, though the MACD continued to stay below the reference line. All these indicators suggest improving momentum with cautious optimism.
Nifty:26046.95/148.8/0.57%;Candle:OGU;Short day green; Bank Nifty:59389.95/180.1/0.3% Candle:OGU;Doji ; HB:OGU;Short day red;1003;RIL:OGU;short day green;1554;TCS:OGD;Long day green;3220;
Market wrap up(DWM,T,N,E):The Nifty 50 extended its rally and closed nearly 0.6 percent higher for the second consecutive session after a gap-up opening on December 12. With Friday’s rally, the index climbed above short-term moving averages and the midline of the Bollinger Bands. The index reclaimed the 25,950–26,000 zone, which is crucial for its upward journey. Sustaining above these levels can open the door for 26,200–26,300, but a decisive fall below them can raise the possibility of consolidation, with support placed at the 25,750–25,700 zone, according to experts. The Nifty 50 formed a bullish candle on the daily charts for another session, signalling a positive trend. The index also reclaimed short-term moving averages (10- and 20-day EMAs) as well as the midline of the Bollinger Bands, further strengthening the trend. The RSI inclined upward, though it remained below the reference line, while the Stochastic RSI turned bullish. The MACD stayed below the reference line, but the histogram showed fading weakness for another session. All this indicates improving momentum, though confirmation is still awaited. The Bank Nifty formed a Doji pattern after a day of bullish candle formation, indicating indecision between bulls and bears. The banking index also reclaimed the midline of the Bollinger Bands and the 10-day EMA, but it could not close above the previous day’s high. The RSI showed a bullish crossover and moved higher to 58.21, though it was still below the reference line. The MACD remained below the reference line, while weakness in the histogram faded slightly. All this indicates cautious optimism with signs of consolidation.
Nifty:25898.55/140.55/0.55%;Candle:OF;Long day green; Bank Nifty:59209.85/249.45/0.42% Candle:OF;Long day green ; HB:OF;Long day green;1000;RIL:OGU;Short day green;1543;TCS:OGU;Doji;3194;
Stocks retained in F&O ban: Bandhan Bank, Sammaan Capital
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 formed a bullish candle with a lower shadow on the daily charts, indicating a positive trend and buying interest at lower levels. The index still remained below the short-term moving averages and the midline of the Bollinger Bands. The RSI rose to 49.62, but was still below the reference line. The MACD also remained below the reference line, though the weak momentum in the histogram faded. The Stochastic RSI is on the verge of a bullish breakout in the lower zone. All this indicates early signs of positive momentum building, though confirmation is still needed. The Bank Nifty also formed a green candle with upper and lower shadows on the daily timeframe, and it almost recovered the previous day’s losses with a 0.42 percent gain, indicating a positive trend amid volatility. The index climbed above the 20-day EMA but remained below the 10-day EMA and the midline of the Bollinger Bands. The RSI increased to 55.78 but could not surpass the reference line. The MACD maintained its bearish crossover with continued weakness in the histogram. All this indicates a mildly positive bias, but with caution as momentum signals remain mixed. The benchmark Nifty 50 snapped its three-day losing streak, rising nearly six-tenths of a percent on December 11; however, it could not close above the previous day’s high and the short-term moving averages (aligned at 25,950). For the upside to continue from here, the index needs to surpass and sustain above the 25,950–26,000 zone to move upward toward 26,200–26,300 levels. Until then, it may consolidate, with immediate support at 25,700, followed by 25,500 as a crucial support level, experts said.
Nifty:25758/-81.65/-0.32%;Candle:OF;Long day red; Bank Nifty:58960.4/-261.95/-0.44% Candle:OGU;Long day red; ; HB:OF;Long day red;990;RIL:OF;Doji;1534;TCS:OF;Long day red;3185;
Stocks retained in F&O ban: Bandhan Bank, Sammaan Capital
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 remained under pressure for the third straight session on December 10, declining a third of a percent and sustaining below short-term moving averages. Momentum indicators also weakened further, signalling caution ahead of the Federal Reserve meeting outcome, in which the central bank cut the fed funds rate by 25 bps. The index managed to defend the 50-day EMA (25,700) for another session, but a fall and sustained close below this level in the coming sessions could strengthen the bears and open the door for a decline toward 25,500, the key support zone. On the higher side, 25,950–26,000 is expected to act as the immediate resistance zone, according to experts. The Nifty 50 formed a bearish candle with an upper shadow on the daily timeframe, signalling weakness and a continuation of the sell-on-rise opportunity. The index continued to trade below short-term moving averages. It approached the 50-day EMA and slipped below the lower line of the Bollinger Bands. Further, bearish crossovers persisted in the momentum indicators — RSI (44.50), MACD, and Stochastic RSI. All these factors indicate sustained bearish sentiment. The Bank Nifty formed a bearish candle following the previous day’s green candle on the daily charts and fell below the 59,000 level for the first time since November 25, signalling a bearish tone. The index also moved below short-term moving averages and the midline of the Bollinger Bands on a closing basis after a long time. Weakness was also visible in the momentum indicators, with the RSI slipping to 52.2 and the MACD histogram declining further. All these indicate continued pressure on the banking index.
Nifty:25839.65/-120.9/-0.47%;Candle:OGD;Short day red; Bank Nifty:59231.35/-7.2/-0.04% Candle:OGD;Short day green ; HB:OGD;Short day green;997;RIL:OF;Short day red;1532;TCS:OGD;Short day red;3208;
Stocks retained in F&O ban: Bandhan Bank, Sammaan Capital
Stocks removed from F&O ban: Kaynes Technology India
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 fell half a percent on December 9, extending its downtrend for another session. The index closed near the lower Bollinger Bands and remained below the short-term moving averages, with weakness in momentum indicators signalling consolidation ahead. If the index convincingly breaks below 25,700 (the 50 DEMA and Tuesday’s intraday low), 25,500 will be the key downside level to watch. However, sustaining above this mark can increase the possibility of a move toward the 26,000–26,200 zone, according to experts. The Nifty 50 formed a bearish candle with upper and lower shadows and a lower-high, lower-low structure on the daily charts, indicating weakness amid volatility. The index tested the 50 DEMA intraday as well as the lower end of the Bollinger Bands, while the short-term moving averages (10- and 20-day EMAs) continued to slope downward. The RSI dropped below 50 to 47.08, and the MACD maintained its bearish crossover. All this indicates continued short-term weakness. The Bank Nifty formed a bullish candle on the daily charts after a smart recovery from the day’s low, closing flat while sustaining above the 20 DEMA and the midline of the Bollinger Bands—both positive signals. The RSI flattened at 56.67, remaining below the reference line, while the MACD maintained its bearish crossover with further weakness visible in the histogram. The Stochastic RSI stayed rangebound, marginally surpassing the reference line near the lower zone. All this indicates mild positivity with caution.
Nifty:25960.55/-225.9/-0.86%;Candle:OGD;Long day red; Bank Nifty:59238.55/-538.66/-0.9% Candle:OGD;Long day red ; HB:OGD;Short day green;1002;RIL:OF;Doji;1540;TCS:OF;Doji;3238;
Stocks retained in F&O ban: Bandhan Bank, Kaynes Technology India, Sammaan Capital
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 snapped its two-day winning streak and reversed all those gains, falling 0.86 percent on December 8. The index dropped below short-term moving averages and the midline of the Bollinger bands, with weakness in momentum indicators, signalling caution in the short term. Now, the crucial support lies at 25,840; if the index breaks below this level, 25,700 (50-day EMA) can’t be ruled out, and there could be a negation of the large-degree higher-high–higher-low structure. On the higher side, 26,100–26,200 is expected to act as a hurdle for the index, experts said. The Bank Nifty reported a bearish candle, somewhat resembling a bearish harami–type pattern (though not a classical one) on the daily charts, indicating some caution after the previous session’s rally. However, the index defended the 20-day EMA and the midline of the Bollinger bands on a closing basis. The RSI declined to 56.95 with a negative crossover, while the MACD remained below the reference line with the histogram below the zero line. All this indicates a slight loss of momentum and the possibility of consolidation or further weakness.
Nifty:26186.45/152.7/0.59%;Candle:OGD;Long day green; Bank Nifty:59777.2/488.5/0.82% Candle:OGD;Long day green ; HB:OGD;Long day green;1001;RIL:OGD;Hammer green;1545;TCS:OF;Inverted hammer green;3241;
Stocks retained in F&O ban: Bandhan Bank, Sammaan Capital
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 extended its uptrend for the second consecutive session, rising six-tenths of a percent on December 5. It climbed above all key moving averages, with a bullish crossover in the momentum indicator, which is positive. Friday’s rally raised hopes for a move toward 26,300 in the upcoming sessions, especially after the bottom formation during the recent fall, which signalled the continuation of the higher high–higher low structure on the larger-degree timeframes. Above this, 26,500 is the level to watch, while support is placed in the 26,000–25,900 zone, according to experts. The Nifty 50 formed a long bullish candle on the daily charts and traded above all key moving averages, signalling a positive bias. The RSI (60.21) and the Stochastic RSI showed a bullish crossover. The MACD inclined upward, though it remained below the reference line, while the weakness in the histogram faded. All this indicates continued bullish momentum and strengthening market sentiment. The Bank Nifty sustained above all key moving averages despite consolidation in the recent past. On Friday, it formed a long green candle on the daily timeframe following a Doji formation, indicating a healthy trend. The RSI climbed to 67.21 and is on the verge of a positive crossover, while the Stochastic RSI turned bullish. The MACD remained below the reference line, but histogram weakness faded. All this indicates building strength and the potential for further upside.
Nifty:26033.75/47.75/0.18%;Candle:OGD;Doji; Bank Nifty:59288.7/-59.55/-0.1% Candle:OGD;Doji ; HB:OF;Doji;999;RIL:OGD;Short day red;1525;TCS:OGU;Long day green;3227;
Market wrap up(DWM,T,N,E):The Nifty 50 snapped a four-day losing streak on December 4, closing above the previous day’s high with gains of 0.2 percent, and sustaining above the 20-day EMA as well as the midline of the Bollinger Bands (both at 25,970). Further, the index also defended the previous day’s low and reclaimed the 26,000 mark. Hence, as long as the index defends 25,900 as support, an upward move toward 26,100–26,300 amid consolidation is possible in the upcoming sessions. However, a decisive fall below this level can open the door for 25,840, a crucial support, according to experts. The Nifty 50 formed a bullish candle with minor upper and lower shadows on the daily charts, indicating a positive trend despite volatility and intermittent consolidation. The index sustained above the 20- and 50-day EMAs, while the RSI inclined upward to 55.24 but still remains in a bearish crossover. The Stochastic RSI also continued to show weakness, while the MACD maintained a bearish crossover with further weakness in the histogram. All this indicates ongoing consolidation with a slight positive bias, but no clear momentum confirmation yet. The Bank Nifty formed a Doji candlestick pattern on the daily timeframe, indicating indecision among bulls and bears, but it negated the lower-high, lower-low structure of the last two sessions. The index still held above all key moving averages, suggesting that the overall trend remains in favour of the bulls despite the ongoing consolidation. However, the momentum indicators are weak, with RSI at 61.35 and both MACD and Stochastic RSI maintaining bearish crossovers. All this indicates a pause in momentum, with the broader trend still positive but lacking strong conviction.
Nifty:25986/-46.2/-0.18%;Candle:OGD;Doji; Bank Nifty:59348.25/74.45/0.13% Candle:OGD; ; HB:OGD;Long day green;1000; RIL:OGD;Short day red;1539; TCS:OF;Long day green;3180;
Market wrap up(DWM,T,N,E):The Nifty 50 remained under pressure for the fourth consecutive session, declining 0.2 percent with continued weakness in momentum indicators. However, it defended the 20-day EMA (25,970) and the midline of the Bollinger Bands (i.e., 20 SMA – 25,940) on a closing basis on December 3. If the index convincingly falls and sustains below these levels, bears may gain strength and drag it toward 25,840 (last Wednesday’s low). In case of a rebound, 26,070 and 26,150 are the levels to watch, according to experts who advised caution. The Bank Nifty fell below 59,000 intraday but recouped all losses and closed above the mark with a gain of 74 points, accompanied by above-average volumes. The index formed a bullish candle with a lower shadow on the daily charts, indicating buying interest at lower levels. As a result, it continued to sustain above all key moving averages as well as the midline of the Bollinger Bands, which is positive. The RSI rose to 62.62 but remained below the reference line, while the Stochastic RSI maintained a bearish crossover. The MACD also turned bearish with mild weakness in the histogram. All of this indicates that consolidation may continue in the short term.
Nifty:26032.7/-143.55/-0.55%;Candle:OGD;Short day red Bank Nifty:59273.8/-407.55/-0.68% Candle:OGD ;Doji HB:OGD;Short day green;991; RIL:OGD;Short day red;1548; TCS:OF;Short day green;3138;
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 fell below the 10-day EMA and lost nearly 0.6 percent, continuing its downtrend for three days on the trot on December 2. Momentum indicators also indicated some more consolidation, though the higher high–higher low structure on the larger timeframes is still intact. As long as the index trades below 26,300, the key resistance zone for a sharp upmove, consolidation and rangebound trading may continue, with key support at the 25,900–25,850 zone, below which the selling pressure may widen, according to experts. The Nifty 50 formed a bearish candle with both upper and lower shadows on the daily chart, indicating some weakness amid ongoing volatility. The index closed below the 10-day EMA but remained above all other key moving averages as well as the midline of the Bollinger Bands. The RSI dropped to 55.43 with a negative crossover, and the MACD also registered a bearish crossover, with the histogram slipping below the zero line. All this indicates emerging short-term weakness and the possibility of continued consolidation or a mild corrective phase. The Bank Nifty also faced selling pressure, extending its downtrend for another session and declining nearly 0.7 percent on above-average volumes. The index formed a small bearish candle with a long upper shadow on the daily timeframe, signalling continued weakness and pressure at higher levels. The RSI dipped to 61.7 with a bearish crossover, while the MACD also turned bearish with the histogram falling below the zero line. All this indicates that the index may remain under pressure in the near term, with a higher probability of further pullbacks unless strong buying emerges at lower levels.
