Nifty:21517.35/-148.45/-0.69%;Candle:OF,Short day red; Bank Nifty:47704.95/-56.7/-0.12% Candle:OF,Doji ; HB:OF,Long day red,1676,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long66%FutCash;-666;Opt%
OI data Nifty ( max pain W21550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added National Aluminium Company to its F&O ban list for January 4, while retaining Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indian Energy Exchange, SAIL and Zee Entertainment Enterprises to the said list.
Market wrap up(DWM,T,N,E):With the consistent correction and the formation of lower highs and lower lows for yet another session, the 21,500 on the Nifty50 may be a make-or-break level in the coming sessions. If the index falls decisively below the same, then 21,300-21,500 may be the next levels to watch on the downside, whereas on the higher side, if the index manages to hold, then it may march towards 21,600-21,800 levels again, experts said. On January 3, the BSE Sensex dropped 536 points to 71,357, while the Nifty50 declined 149 points to 21,517 and formed a long bullish candlestick pattern on the daily charts continuing a downtrend for the second straight session. “On the way down, the Nifty has now reached the 38.2 percent Fibonacci retracement level (21,507), which is likely to act as a make-or-break level for the Nifty,” He expects the Nifty to hold on to this support and prepare a base for the next leg of upmove. Overall, he believes that the fall is a retracement of the previous rise from 20,976 to 21,834 and not a trend reversal, and thus this dip should be used as a buying opportunity. The broader markets were mixed in trend and the market breadth was in favour of bulls. The Nifty Midcap 100 index was up 0.3 percent and Smallcap 100 index fell 0.01 percent.
