Things to note(Traders&Investors): 8Aug 2024 Thur ,@8.20AM

  • Nik, Dj, Vix
  • Oil,  Gold, Bonds, Dollar,
  • Nifty:24297.5/304.5/1.27%;Candle:OGU,Doji; Bank Nifty:50119.0/370.7/0.75% Candle:OGU,Doji ; HB:OGU,Short day green,1629,
  • Nifty :Supp Rest
  • Banknifty:Supp Rest .
  • Gift Nifty:%     FII Long56%FutCash;-3315;Opt91%
  • OI data Nifty  ( max pain WM)
  • OI data Bank Nifty Nifty(max pain W M)
  • News:
  • Events/Results:
  • Stocks added to F&O ban: Aditya Birla Fashion and Retail
  • Stocks retained in F&O ban: Aditya Birla Capital, Birlasoft, GNFC, Hindustan Copper, India Cements, IndiaMART InterMESH, LIC Housing Finance, Manappuram Finance, RBL Bank
  • Stocks removed from F&O ban: Chambal Fertilisers and Chemicals, Granules India
  • Market wrap up(DWM,T,N,E):The market recorded a positive close for the first time in the last four consecutive sessions on August 7, but remained within the previous day’s range, with the Nifty 50 rising by 1.3 percent following an uptrend in global peers. Until the index decisively breaks through 24,400, the consolidation may continue with 24,100-24,000 acting as a support in the coming sessions. However, above this level, it may march towards 24,700, according to experts. The Nifty has formed a Doji-like candlestick pattern on the daily charts as the closing was near its opening levels, indicating indecision among buyers and sellers about the future market trend. The momentum indicator RSI (Relative Strength Index) stayed above the 40 mark on the daily charts, and on the hourly timeframe, there was a positive crossover.

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