Nifty:24367.5/250.5/1.04%;Candle:OGU,Doji; Bank Nifty:50484.5/327.8/0.65% Candle:OGU,Short day red, ; HB:OGU,Doji,1650,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long52%FutCash;407;Opt90%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Bandhan Bank, Biocon, Granules India, SAIL
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, Punjab National Bank, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market closed one percent higher after a gap-up opening but failed to sustain above the short-term moving averages (10 and 21-day EMA), which coincides with the 24,400 mark on August 9. This is a crucial level to watch for further upside towards 24,700, the upper end of the bearish gap created on August 5. If the index fails to close and sustain above 24,400, consolidation may continue with support at the 24,100-24,000 zone, according to experts. The Nifty 50 finished the week 1.4 percent down at 24,368. The Nifty has formed a bearish candlestick pattern with minor upper and lower shadows on the daily charts. However, on the weekly timeframe, a Hammer-like candlestick pattern was formed at the bottom, which is a trend reversal pattern, with the Nifty holding above the 10-day EMA for the 13th consecutive week. Meanwhile, the momentum indicator RSI (Relative Strength Index) showed a negative crossover on the weekly scale.
