Nifty:24117/180.5/0.74%;Candle:OGD,Short day red; Bank Nifty:50156.7/37.7/0.08% Candle:OF,Doji ; HB:OF,Short day green,1640,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long51%FutCash;-2627;Opt85%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Punjab National Bank
Stocks retained in F&O ban: Aditya Birla Capital, Aditya Birla Fashion and Retail, Birlasoft, GNFC, Hindustan Copper, India Cements, IndiaMART InterMESH, LIC Housing Finance, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The benchmark indices closed a rangebound and volatile session lower on August 8, erasing more than half of the previous day’s gains due to weak global cues and after the RBI maintaining policy rates unchanged. The Nifty 50 shed 181 points, closing at 24,117. The 24,400 level, which is near the current week’s high, is expected to be crucial for further upside towards 24,700. However, the 24,000-23,900 range is expected to be key for any downside going forward, according to experts. The Nifty has formed a bearish candlestick pattern on the daily charts, while the momentum indicators RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) maintained a negative bias. The index continued to trade in the lower band of the Bollinger Band.
