Nifty:20969.4/68.25/0.33%;Candle:OF,Short day green; Bank Nifty:47262/420/0.9% Candle:OF,Short Day green ; HB:OF,short day green,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long58%FutCash;3632;Opt99%
OI data Nifty ( max pain W20900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
he NSE has added Hindustan Copper to its F&O ban list for December 11, while retaining Balrampur Chini Mills, Delta Corp, Indiabulls Housing Finance, National Aluminium Company, SAIL and Zee Entertainment Enterprises to the said list. India Cements was removed from the said list.
Market wrap up(DWM,T,N,E):After hitting the new milestone of 21,000 mark and having one-way rally in the recent past, the market is expected see some more consolidation and rangebound trade in coming days, with immediate resistance at 21,000-21,100 levels and support at 20,850, followed by 20,700-20,500 levels, experts said, adding that overall tone remains positive as long as the index holds 20,500. On December 8, the benchmark indices saw record closing highs. The BSE Sensex climbed 304 points to 69,826, while the Nifty50 rose 68 points to 20,969 and formed small-bodied bullish candlestick pattern with upper and lower shadows, which resembles High Wave kind of candlestick pattern on the daily charts. “The momentum indicator though is still not in sync, which suggests caution at higher levels. The ideal strategy to trade is to hold on to long positions with a trailing stop-loss mechanism,” On the downside, he feels the crucial support is placed at 20,860 – 20,800 and a dip towards this zone should be used as a buying opportunity as the overall trend is still positive. On the upside, immediate hurdle is placed at 21,060 – 21,100, Despite occasional consolidation, Arvinder Singh Nanda, Senior Vice President at Master Capital Services also feels the momentum remains strong. “Key obstacles are identified at the 21,000-21,100 levels, with a crucial support base at 20,600,” he said. However, the broader markets underperformed the frontline indices and the breadth was in favour of bears. The Nifty Midcap 100 was down 0.2 percent and Smallcap 100 index fell over 1 percent.
