Nifty:19443.5/36.8/0.19%;Candle:OGU,Doji; Bank Nifty:43658.65/-79.25/-0.18% Candle:OF ; Short day red . HB:OF,Short day green,1491,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long19%FutCash;-84;Opt86%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Adani Ports and Special Economic Zone, Aurobindo Pharma, Bosch, ABB India, Zee Entertainment Enterprises, Aditya Birla Fashion and Retail, Apollo Hospitals Enterprise, Ashok Leyland, Bajaj Consumer Care, Engineers India, GlaxoSmithKline Pharmaceuticals, IRM Energy, Lemon Tree Hotels, Samvardhana Motherson International, Muthoot Finance, NALCO, Page Industries, Rail Vikas Nigam, Sula Vineyards, and Torrent Power will release quarterly earnings scorecard on November 9.
The NSE has added Delta Corp to its F&O ban list for November 9, while retaining GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) in the said list.
Market wrap up(DWM,T,N,E):The Nifty50 continued to see formation of Doji pattern for yet another session, indicating indecisiveness among bulls and bears about the future market trend, but the index continued higher highs and higher lows formation for the fifth consecutive session on November 8. Hence, will the Nifty50 march towards 19,550-19,600 levels? The Nifty50 is required to decisively break 19,450, the critical resistance which coincides with the 50-day EMA (exponential moving average) for further upmove towards 19,550-19,600, but in case it breaches 19,400, then the correction can be possible up to 19,300-19,250, the current support area, experts said. The Nifty50 is required to decisively break 19,450, the critical resistance which coincides with the 50-day EMA (exponential moving average) for further upmove towards 19,550-19,600, but in case it breaches 19,400, then the correction can be possible up to 19,300-19,250, the current support area, experts said. “This market action indicates the formation of a Doji-type candle pattern, which is back-to-back for two sessions. This signals a confused state of mind among market participants,” The opening upside gap of November 2, November 3 and November 6 remains intact on the daily chart and the immediate resistance of 19,300 has already been broken on the higher side. “The overall chart pattern remains positive and one may expect Nifty to advance towards 19,600 levels in the short term. Any dips from here could be a buying opportunity around 19,300-19,250 levels,” The Nifty Midcap 100 and Smallcap 100 indices continued to perform better than benchmarks, rising 1 percent and 0.7 percent respectively.
