Nifty:21910.75/70.7/0.32%;Candle:OGU,Doji; Bank Nifty:46218.9/310.6/0.68% Candle:OGU,Short day green ; HB:OGU,Short day green,1436
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long36%FutCash;-3064;Opt96%
OI data Nifty ( max pain W21900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:CRISIL, Schaeffler India, Haryana Financial Corporation and Minal Industries will be in focus ahead of quarterly earnings on February 16.
The NSE has added Canara Bank to the F&O ban list for February 16, while retaining Aditya Birla Fashion & Retail, Ashok Leyland, Balrampur Chini Mills, Bandhan Bank, Biocon, Delta Corp, Hindustan Copper, India Cements, Indus Towers, SAIL and Zee Entertainment Enterprises to the said list. Aurobindo Pharma, National Aluminium Company, and Punjab National Bank were removed from the said list.
Market wrap up(DWM,T,N,E):The Nifty50 reached closer to the psychological mark of 22,000. If the index manages to close decisively above 21,950, the high seen in Thursday’s trade, then the next immediate resistance is expected at 22,050 and then at 22,126, the record high, experts said, adding that the 21,800-21,750 zone is expected to act as immediate support for the index and 21,500 as a crucial support area. On February 16, the BSE Sensex jumped 228 points to 72,050, while the Nifty 50 rose 71 points to 21,911 and formed a Doji candlestick pattern on the daily charts as the closing was near opening levels, indicating the tug-of-war between bulls and bears for future market trend. “The level between 22,000 and 22,100 poses significant resistance, warranting caution for aggressive long positions until a comfortable breach occurs,” Conversely, he feels the index’s ability to hold its key support at 21,500 and stage a strong rebound following a gap-down opening on Wednesday represents a positive aspect. Traders may consider adopting a buy-on-dip strategy, albeit with vigilance and without becoming overly complacent, he advised. For the trend-following traders, Shrikant Chouhan, head – equity research at Kotak Securities said that 21,800 would act as a sacrosanct support level. “As long as the index is trading above the same, the bullish texture is likely to continue.” The mood on the broader markets remained strong with healthy breadth. The Nifty Midcap 100 and Smallcap 100 indices rallied 1 percent and 1.3 percent, respectively.
