Nifty:19465/30.45/0.16%;Candle:OF,Short day green; Bank Nifty:43946.4/-144.55/-0.33% Candle:OGD, Short day green ; HB:OGD,Long day green,1604.
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Gift Nifty:% FII Long%FutCash;;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Hindustan Copper, and SAIL to its F&O ban list for August 17, while retaining Balrampur Chini Mills, Chambal Fertilisers & Chemicals, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Granules India, Indiabulls Housing Finance, India Cements, Manappuram Finance, and Zee Entertainment Enterprises in the list.
Market wrap up(DWM,T,N,E):The market took support at 19,300 once again on August 16 and rebounded to turn higher in late trade. Hence, the 19,300-19,250 range is expected to be a crucial support area for the Nifty50 in coming sessions, whereas 19,550, which coincides with the falling resistance trendline, is likely to play a key role in the upward journey. If the said levels are sustained, a sharp rally can’t be ruled out. Till then, volatility and consolidation will remain, experts said. “The Nifty bounced back from the lowest point of the day. Nevertheless, the short-term outlook remains feeble, given that the index concluded the session below the vital short-term moving average of 21-day EMA or exponential moving average,” De believes that the relative strength index (RSI) shows a bearish crossover, further amplifying the pessimistic sentiment. The prevailing trend will continue to lack strength as long as it maintains levels below 19,521, where the 21EMA is situated. Looking downward, the initial support level is positioned at 19,250,” The broader markets closed higher with positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained 0.08 percent and 0.6 percent respectively.
