Nifty:24548.7/-93.1/-0.38%;Candle:OGD,Shor day red; Bank Nifty:53216.45/-174.9/-0.33% Candle:OGD,Short day red ; HB:OGD,Doji,1859
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long40%FutCash;-3560;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: National Aluminium Company,
Stocks retained in F&O ban: Granules India, Hindustan Copper, Metropolis Healthcare, PVR INOX, RBL Bank
Stocks removed from F&O ban: Manappuram Finance
Market wrap up(DWM,T,N,E):The Nifty 50 saw profit booking at higher levels amid rangebound trade and closed 0.4 percent lower on December 12. The index remained in the range of 24,500–24,700 for the fourth consecutive session, which needs to break on either side for a clearer direction, experts said. If the index decisively climbs and sustains above 24,700, a rally towards 24,800–25,000 can’t be ruled out. However, if it breaks 24,500 decisively, the index could slide towards 24,000. The Nifty 50 formed a bearish candlestick pattern with an upper shadow on the daily charts, indicating selling pressure at higher levels. However, the index still held above all key moving averages and traded in the upper band of the Bollinger Bands. On the weekly scale, too, the index stayed above all key moving averages but traded just below the middle of the Bollinger Bands. Sustaining above the upper band of the Bollinger Bands is needed for an upward rally. The Bank Nifty formed a Gravestone Doji candlestick pattern, which is a bearish reversal pattern. However, participants need to wait for the action in the following session to confirm the trend. The index sustained above all key moving averages and traded above the Bollinger Bands on both daily and weekly charts, which is still a positive sign.
