Nifty:24467.45/10.3/0.04%;Candle:OF,Doji; Bank Nifty:53266.9/571.15/1.08% Candle:OF,Long day green ; HB:OF,Long day green,1860
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long38%FutCash;1798;Opt95%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Nil
Stocks retained in F&O ban: Granules India, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market was rangebound throughout the session, possibly due to caution ahead of the MPC’s interest rate decision scheduled for December 6. However, it maintained an upward trajectory for the fourth consecutive day on December 4. Considering the index sustained above all key moving averages and the neckline of the Inverted Head and Shoulders pattern, an upmove towards 24,550 (immediate target) is possible, followed by 24,700-24,800, which is the crucial resistance zone. However, the index may take support at the 24,350-24,300 zone, as below this, 24,000 is the level to watch, according to experts. The Nifty 50 formed a Doji-like candlestick pattern on the daily charts, indicating indecision between buyers and sellers after the recent sharp uptrend. The index maintained a higher highs-higher lows formation for the third consecutive session and is holding above all key moving averages. The momentum indicators RSI (Relative Strength Index at 55.9) and MACD (Moving Average Convergence Divergence) showed an upward bias. The Bank Nifty reported a bullish candlestick pattern on the daily charts and traded near the upper end of the Bollinger Bands. The index sustained well above all key moving averages as well as above the upward-sloping resistance trendline, while the RSI (at 63.91) and MACD maintained an upward bias, which is a positive sign.
