Nifty:19570.85/-26.45/-0.13%;Candle:F,Doji; Bank Nifty:44964.45/126.95/0.28% Candle:F,Doji ; HB:1649,F , Doji
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long47%FutCash;-711;Opt96%
OI data Nifty ( max pain W19550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Tata Power Company, Zee Entertainment Enterprises, Abbott India, Bajaj Consumer Care, Bata India, Berger Paints India, Bharat Forge, CARE Ratings, Dreamfolks Services, eClerx Services, Granules India, Indian Railway Catering and Tourism Corporation, Kalyan Jewellers India, Max Financial Services, Natco Pharma, PI Industries, Sandhar Technologies, Schneider Electric Infrastructure, Shankara Building Products, Sula Vineyards, Sunteck Realty, Trent, Vijaya Diagnostic Centre, and Zuari Agro Chemicals will be in focus ahead of quarterly earnings on August 9.
The NSE has added Chambal Fertilisers & Chemicals, and Delta Corp to its F&O ban list for August 9, while retaining Balrampur Chini Mills, Hindustan Copper, Indiabulls Housing Finance, and India Cements.
Market wrap up(DWM,T,N,E):The market closed moderately lower on August 8, but we are still in a consolidation phase with 19,500 acting as immediate support and 19,600-19,700 as a hurdle on the higher side, ahead of the Reserve Bank of India’s (RBI) interest rate decision on August 10. The breaking of this range can give clear direction to the Nifty as sustaining above 19,700 can take the index to its much-awaited 20,000 mark, whereas breaking of 19,500 can again drag the index down up to 19,300, experts said.
The market closed moderately lower on August 8, but we are still in a consolidation phase with 19,500 acting as immediate support and 19,600-19,700 as a hurdle on the higher side, ahead of the Reserve Bank of India’s (RBI) interest rate decision on August 10. The breaking of this range can give clear direction to the Nifty as sustaining above 19,700 can take the index to its much-awaited 20,000 mark, whereas breaking of 19,500 can again drag the index down up to 19,300, experts said.PauseUnmute. The Nifty50 declined 27 points to 19,571 and formed a bearish candlestick pattern on the daily charts, but sustained above 21-day EMA (19,540) for yet another session. “The Nifty index displayed volatility but managed to close above the significant 21EMA moving average and maintained support above the 19,500 mark,” a positive trend is anticipated as long as the index holds above 19,500, with resistance at 19,700 and potential for a rally towards 20,000. The BSE Sensex fell 107 points to 65,847, while the Nifty Midcap 100 and Smallcap 100 indices gained 0.23 percent and 0.27 percent respectively.
