Nifty:22434.65/:18.65/:0.08%;Candle:OGD,Short day green; Bank Nifty:47624.25/78.8/0.17% Candle:OGD,Long day green ; HB:OGD,Short day green,1485.
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long44%FutCash;-1270;Opt90%
OI data Nifty ( max pain W22400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added SAIL and Zee Entertainment Enterprises to the F&O ban list for April 4, while retaining Hindustan Copper to the said list.
Market wrap up(DWM,T,N,E):The market continued to consolidate in a tight range for last three sessions, especially after hitting a new high on the Nifty 50 in the start of current week. Hence, unless and until the index decisively surpasses 22,500 in coming sessions, the consolidation may continue with the immediate support at 22,300 level, experts said, adding above 22,500, 22,700-22,800 are the levels to watch on the higher side. On April 3, the benchmark indices ended moderately lower after consolidation. The BSE Sensex declined 27 points to 73,877, while the Nifty 50 fell 19 points to 22,435 and formed bullish candlestick pattern with upper shadow on the daily charts, but overall, the indices still traded above all key moving averages. “The benchmark Nifty 50 seems confined in a narrow range of 200-250 odd points from 22,300-22,500 and a decisive breakthrough on either side would only trigger a fresh round of move,” said Osho Krishan, senior analyst – technical & derivative research at Angel One. On the lower end, he feels 22,350-22,300 remains the cushion for intraday blips, with sacrosanct support of 22,200 in the comparable period. While on the higher end, 22,500 remains a daunting task for the bulls, and a sustainable breakthrough could only trigger the next leg of the rally in the near term, he said. According to Ashwin Ramani, derivatives & technical analyst at Samco Securities, the Nifty is unlikely to move up unless Call writers exit from the 22,500 strike in Nifty Meanwhile, the consistent decline in India VIX, the fear index, for three consecutive sessions has put bulls in a comfortable position as it was down 2.4 percent at 11.37 level, the lowest level since November 24, 2023. The broader markets remained higher for yet another session as the Nifty Midcap 100 and Smallcap 100 indices gained half a percent and 1.2 percent respectively.
