Nifty:19428.3/-114.8/-0.59%;Candle:OF,Short day red; Bank Nifty:44199.1/-342.7/-0.77% Candle:OGU,Short day red ; HB:OGU,Short day red,1619.
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-3073;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:ITC, Divis Laboratories, Vodafone Idea, Ahluwalia Contracts, Aarey Drugs & Pharmaceuticals, Aster DM Healthcare, Astrazeneca Pharma, Bajaj Healthcare, Easy Trip Planners, GMR Airports Infrastructure, Heranba Industries, Hindustan Copper, Indiabulls Housing Finance, Jagran Prakashan, KNR Constructions, Lux Industries, Meghmani Organics, PC Jeweller, Senco Gold, Swan Energy, Vivimed Labs, Wockhardt, and Zuari Industries will be in focus ahead of quarterly earnings on August 14.
The NSE has added India Cements to its F&O ban list for August 14, while retaining Balrampur Chini Mills, Chambal Fertilisers & Chemicals, Delta Corp, Granules India, Hindustan Copper, Indiabulls Housing Finance, Manappuram Finance, and Zee Entertainment Enterprises in the said list.
Market wrap up(DWM,T,N,E):We saw the impact of liquidity measures and inflation concerns raised by the RBI on the equity market for yet another session on August 11, dragging the benchmark Nifty50 below 19,500 after four-day consolidation. The next support level for the index may be around 19,300-mark, which coincides with the horizontal support trendline adjoining lows of July 4 and August 3 as breaking of the same can take the index down up to 19,000, but with holding the same levels, the index can face crucial hurdle at 19,650-19,700 levels on the higher side, experts said. The Nifty50 fell 115 points to 19,428 and formed long bearish candlestick pattern on the daily charts, with breaking long upward sloping support trendline. The Nifty continues to exhibit a bearish trend as it remains below the 21-day exponential moving average (21EMA – 19,537). The relative strength index (RSI) is also indicating a bearish crossover,” In the short term, he feels there’s a possibility that the index might decline towards 19,300 levels. On the upside, there’s a resistance level situated at 19,500, he said. The BSE Sensex was down by 365 points at 65,323, while the Nifty Midcap 100 and Smallcap 100 indices also corrected but fared better than benchmarks, falling 0.5 percent and 0.2 percent, respectively.
