Nifty:21782.5/64.55/0.3%;Candle:OF,Short day green; Bank Nifty:45634.55/622.55/1.38% Candle:OF,Long day green ; HB:OF,Doji,1405
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long34%FutCash;142;Opt95%
OI data Nifty ( max pain W21800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Total 480 companies will be releasing their quarterly earnings scorecard on February 12 including Coal India, Bharat Forge, Allcargo Logistics, Anupam Rasayan India, BLS E-Services, Cera Sanitaryware, Dilip Buildcon, GSK Pharmaceuticals, Hindustan Aeronautics, HEG, Krsnaa Diagnostics, Mazagon Dock Shipbuilders, Samvardhana Motherson International, NHPC, Steel Authority of India, and Skipper.
The NSE has added Zee Entertainment Enterprises to the F&O ban list for February 12, while retaining Ashok Leyland, Aurobindo Pharma, Balrampur Chini Mills, Biocon, Delta Corp, Hindustan Copper, India Cements, Indus Towers, Punjab National Bank, SAIL and UPL to the said list. However, National Aluminium Company was removed from the said list.
Market wrap up(DWM,T,N,E):The market is expected to remain in a consolidative phase in the coming sessions with key support at 21,600-21,500 zone, while the hurdle on the higher side is expected to be at 22,050, the high of last week, experts said, adding if the index breaks the support, then selling pressure may extend further to 21,300 but surpassing the resistance (22,050) may take it to a new high. On February 9, the BSE Sensex rallied 167 points to 71,595, while the Nifty 50 rose 64 points to 21,783 and formed bullish candlestick pattern with lower shadow on the daily charts, indicating buying interest at lower levels. Further, the index also held 21-day EMA (exponential moving average 21,670), which can be an immediate support for the index. “Overall, the sideways price action is likely to continue. The range of consolidation is likely to be 21,600 – 22,050,” Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas said. According to Nagaraj Shetti, senior technical research analyst at HDFC Securities, the overall uptrend status of Nifty remains intact and there is a possibility of further upside towards 22,000 levels in the near term. Any dips down to 21,600-21,500 levels could be a buying opportunity, he feels. Meanwhile, the broader markets witnessed a sharp correction. The Nifty Midcap 100 index was down 0.89 percent and Nifty Smallcap 100 index fell 1.4 percent. Thus, the action could shift to the frontline while the midcap and small cap enter a consolidation phase, Jatin feels.
