Nifty:19611.05/36.15/0.18%;Candle:OGU,Doji butterfly; Bank Nifty: 44409.1/123.05/0.28% Candle:OF,Doji ; HB:OF,Short day green,1595,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long51%FutCash;-3245;Opt87%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Manappuram Finance, and SAIL to its F&O ban list for September 7, while retaining Balrampur Chini Mills, BHEL, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, and India Cements on the list.
Market wrap up(DWM,T,N,E):The market rebounded smartly in late trade and closed higher for yet another session, continuing the higher-high formation on the Nifty50 for the fourth day in a row. Also, the index held above the downward-sloping resistance trendline. Hence, the index can possibly start marching towards the 19,700-19,750 area in coming sessions, with immediate support at 19,500-19,400 levels, experts said. The BSE Sensex climbed 100 points to 65,881, while the Nifty50 rose 36 points to 19,611 amid volatility and formed a bullish candlestick pattern with a long lower shadow and minor upper shadow on the daily charts. Technically, this pattern reflects high volatility in the market. The upside breakout of trend line resistance remains intact. Hence, “the short-term trend of the Nifty continues to be positive. One may expect further upside in the coming sessions and any dips down to the support of 19,500 is likely to be a buy-on-dips opportunity,” The broader markets saw consolidation after a recent sharp upside, but closed higher with moderate gains, while the volatility continued to slide, with the India VIX declining by 1.27 percent from 10.82 to 10.68 levels.
