Nifty:22596.5/-118.5/-0.52%;Candle:OGD,Long day red; Bank Nifty:48564.55/-422.05/-0.86% Candle:OGD,Doji ; HB:OGD,Doji,1521,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long56%FutCash;-8027;Opt93%
OI data Nifty ( max pain W22600M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:GTPL Hathway, Hathway Bhawani Cabletel & Datacom, Metalyst Forgings, Ontic Finserve, Rajoo Engineers, Hit Kit Global Solutions, Shekhawati Poly-Yarn, Atam Valves, and Sybly Industries will release their quarterly earnings on April 15.
The NSE has added GNFC, Metropolis Healthcare, and Piramal Enterprises to the F&O ban list for April 15, while retaining Balrampur Chini Mills, Hindustan Copper, Vodafone Idea, India Cements, National Aluminium Company, and SAIL to the said list. Exide Industries and Zee Entertainment Enterprises were removed from the said list.
Market wrap up(DWM,T,N,E):Given the long bearish candlestick pattern formation after the record high on the daily charts, and the formation of a small-bodied bearish candlestick pattern with a long upper shadow which resembles a Shooting Star kind of pattern on the weekly charts (not the ideal one) with a bearish divergence in momentum indicator RSI (relative strength index), as well as negative global cues, the market is likely to weaken further in coming sessions, experts said. According to them, the Nifty 50 may try to take a support at 22,300-22,200, and 22,000 is likely to be crucial support which coincides with upward sloping support trendline, while on the higher side, 22,750-22,800 is expected to be key resistance area going ahead. Shooting Star pattern formation at the top is a bearish reversal pattern but needs to watch follow-up candle for the confirmation. On April 12, the BSE Sensex tanked 793 points to 74,245, while the Nifty 50 plunged 234 points to 22,519, while for the week, the index was up 6 points. A long negative candle was formed on the daily chart, that has broken below the immediate support of ascending trend line at 22650 levels. Technically, this pattern indicates a formation of crucial top reversal pattern and one may expect more weakness in the coming sessions,” A small negative candle was formed on the weekly chart with an upper shadow, which indicates a reversal pattern formation as per daily as well as weekly timeframe charts. This is not a good sign for bulls, he feels. The volatility also jumped nearly 4 percent last Friday, but is still below crucial levels of 13-14 as surpassing these levels decisively can be a discomfort for bulls. The India VIX, the fear index, rose 3.82 percent to 11.53 level.
