Nifty:25758/-81.65/-0.32%;Candle:OF;Long day red; Bank Nifty:58960.4/-261.95/-0.44% Candle:OGU;Long day red; ; HB:OF;Long day red;990;RIL:OF;Doji;1534;TCS:OF;Long day red;3185;
Stocks retained in F&O ban: Bandhan Bank, Sammaan Capital
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 remained under pressure for the third straight session on December 10, declining a third of a percent and sustaining below short-term moving averages. Momentum indicators also weakened further, signalling caution ahead of the Federal Reserve meeting outcome, in which the central bank cut the fed funds rate by 25 bps. The index managed to defend the 50-day EMA (25,700) for another session, but a fall and sustained close below this level in the coming sessions could strengthen the bears and open the door for a decline toward 25,500, the key support zone. On the higher side, 25,950–26,000 is expected to act as the immediate resistance zone, according to experts. The Nifty 50 formed a bearish candle with an upper shadow on the daily timeframe, signalling weakness and a continuation of the sell-on-rise opportunity. The index continued to trade below short-term moving averages. It approached the 50-day EMA and slipped below the lower line of the Bollinger Bands. Further, bearish crossovers persisted in the momentum indicators — RSI (44.50), MACD, and Stochastic RSI. All these factors indicate sustained bearish sentiment. The Bank Nifty formed a bearish candle following the previous day’s green candle on the daily charts and fell below the 59,000 level for the first time since November 25, signalling a bearish tone. The index also moved below short-term moving averages and the midline of the Bollinger Bands on a closing basis after a long time. Weakness was also visible in the momentum indicators, with the RSI slipping to 52.2 and the MACD histogram declining further. All these indicate continued pressure on the banking index.
Nifty:25839.65/-120.9/-0.47%;Candle:OGD;Short day red; Bank Nifty:59231.35/-7.2/-0.04% Candle:OGD;Short day green ; HB:OGD;Short day green;997;RIL:OF;Short day red;1532;TCS:OGD;Short day red;3208;
Stocks retained in F&O ban: Bandhan Bank, Sammaan Capital
Stocks removed from F&O ban: Kaynes Technology India
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 fell half a percent on December 9, extending its downtrend for another session. The index closed near the lower Bollinger Bands and remained below the short-term moving averages, with weakness in momentum indicators signalling consolidation ahead. If the index convincingly breaks below 25,700 (the 50 DEMA and Tuesday’s intraday low), 25,500 will be the key downside level to watch. However, sustaining above this mark can increase the possibility of a move toward the 26,000–26,200 zone, according to experts. The Nifty 50 formed a bearish candle with upper and lower shadows and a lower-high, lower-low structure on the daily charts, indicating weakness amid volatility. The index tested the 50 DEMA intraday as well as the lower end of the Bollinger Bands, while the short-term moving averages (10- and 20-day EMAs) continued to slope downward. The RSI dropped below 50 to 47.08, and the MACD maintained its bearish crossover. All this indicates continued short-term weakness. The Bank Nifty formed a bullish candle on the daily charts after a smart recovery from the day’s low, closing flat while sustaining above the 20 DEMA and the midline of the Bollinger Bands—both positive signals. The RSI flattened at 56.67, remaining below the reference line, while the MACD maintained its bearish crossover with further weakness visible in the histogram. The Stochastic RSI stayed rangebound, marginally surpassing the reference line near the lower zone. All this indicates mild positivity with caution.
Nifty:25960.55/-225.9/-0.86%;Candle:OGD;Long day red; Bank Nifty:59238.55/-538.66/-0.9% Candle:OGD;Long day red ; HB:OGD;Short day green;1002;RIL:OF;Doji;1540;TCS:OF;Doji;3238;
Stocks retained in F&O ban: Bandhan Bank, Kaynes Technology India, Sammaan Capital
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 snapped its two-day winning streak and reversed all those gains, falling 0.86 percent on December 8. The index dropped below short-term moving averages and the midline of the Bollinger bands, with weakness in momentum indicators, signalling caution in the short term. Now, the crucial support lies at 25,840; if the index breaks below this level, 25,700 (50-day EMA) can’t be ruled out, and there could be a negation of the large-degree higher-high–higher-low structure. On the higher side, 26,100–26,200 is expected to act as a hurdle for the index, experts said. The Bank Nifty reported a bearish candle, somewhat resembling a bearish harami–type pattern (though not a classical one) on the daily charts, indicating some caution after the previous session’s rally. However, the index defended the 20-day EMA and the midline of the Bollinger bands on a closing basis. The RSI declined to 56.95 with a negative crossover, while the MACD remained below the reference line with the histogram below the zero line. All this indicates a slight loss of momentum and the possibility of consolidation or further weakness.
Nifty:26186.45/152.7/0.59%;Candle:OGD;Long day green; Bank Nifty:59777.2/488.5/0.82% Candle:OGD;Long day green ; HB:OGD;Long day green;1001;RIL:OGD;Hammer green;1545;TCS:OF;Inverted hammer green;3241;
Stocks retained in F&O ban: Bandhan Bank, Sammaan Capital
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 extended its uptrend for the second consecutive session, rising six-tenths of a percent on December 5. It climbed above all key moving averages, with a bullish crossover in the momentum indicator, which is positive. Friday’s rally raised hopes for a move toward 26,300 in the upcoming sessions, especially after the bottom formation during the recent fall, which signalled the continuation of the higher high–higher low structure on the larger-degree timeframes. Above this, 26,500 is the level to watch, while support is placed in the 26,000–25,900 zone, according to experts. The Nifty 50 formed a long bullish candle on the daily charts and traded above all key moving averages, signalling a positive bias. The RSI (60.21) and the Stochastic RSI showed a bullish crossover. The MACD inclined upward, though it remained below the reference line, while the weakness in the histogram faded. All this indicates continued bullish momentum and strengthening market sentiment. The Bank Nifty sustained above all key moving averages despite consolidation in the recent past. On Friday, it formed a long green candle on the daily timeframe following a Doji formation, indicating a healthy trend. The RSI climbed to 67.21 and is on the verge of a positive crossover, while the Stochastic RSI turned bullish. The MACD remained below the reference line, but histogram weakness faded. All this indicates building strength and the potential for further upside.
Nifty:26033.75/47.75/0.18%;Candle:OGD;Doji; Bank Nifty:59288.7/-59.55/-0.1% Candle:OGD;Doji ; HB:OF;Doji;999;RIL:OGD;Short day red;1525;TCS:OGU;Long day green;3227;
Market wrap up(DWM,T,N,E):The Nifty 50 snapped a four-day losing streak on December 4, closing above the previous day’s high with gains of 0.2 percent, and sustaining above the 20-day EMA as well as the midline of the Bollinger Bands (both at 25,970). Further, the index also defended the previous day’s low and reclaimed the 26,000 mark. Hence, as long as the index defends 25,900 as support, an upward move toward 26,100–26,300 amid consolidation is possible in the upcoming sessions. However, a decisive fall below this level can open the door for 25,840, a crucial support, according to experts. The Nifty 50 formed a bullish candle with minor upper and lower shadows on the daily charts, indicating a positive trend despite volatility and intermittent consolidation. The index sustained above the 20- and 50-day EMAs, while the RSI inclined upward to 55.24 but still remains in a bearish crossover. The Stochastic RSI also continued to show weakness, while the MACD maintained a bearish crossover with further weakness in the histogram. All this indicates ongoing consolidation with a slight positive bias, but no clear momentum confirmation yet. The Bank Nifty formed a Doji candlestick pattern on the daily timeframe, indicating indecision among bulls and bears, but it negated the lower-high, lower-low structure of the last two sessions. The index still held above all key moving averages, suggesting that the overall trend remains in favour of the bulls despite the ongoing consolidation. However, the momentum indicators are weak, with RSI at 61.35 and both MACD and Stochastic RSI maintaining bearish crossovers. All this indicates a pause in momentum, with the broader trend still positive but lacking strong conviction.
Nifty:25986/-46.2/-0.18%;Candle:OGD;Doji; Bank Nifty:59348.25/74.45/0.13% Candle:OGD; ; HB:OGD;Long day green;1000; RIL:OGD;Short day red;1539; TCS:OF;Long day green;3180;
Market wrap up(DWM,T,N,E):The Nifty 50 remained under pressure for the fourth consecutive session, declining 0.2 percent with continued weakness in momentum indicators. However, it defended the 20-day EMA (25,970) and the midline of the Bollinger Bands (i.e., 20 SMA – 25,940) on a closing basis on December 3. If the index convincingly falls and sustains below these levels, bears may gain strength and drag it toward 25,840 (last Wednesday’s low). In case of a rebound, 26,070 and 26,150 are the levels to watch, according to experts who advised caution. The Bank Nifty fell below 59,000 intraday but recouped all losses and closed above the mark with a gain of 74 points, accompanied by above-average volumes. The index formed a bullish candle with a lower shadow on the daily charts, indicating buying interest at lower levels. As a result, it continued to sustain above all key moving averages as well as the midline of the Bollinger Bands, which is positive. The RSI rose to 62.62 but remained below the reference line, while the Stochastic RSI maintained a bearish crossover. The MACD also turned bearish with mild weakness in the histogram. All of this indicates that consolidation may continue in the short term.
Nifty:26032.7/-143.55/-0.55%;Candle:OGD;Short day red Bank Nifty:59273.8/-407.55/-0.68% Candle:OGD ;Doji HB:OGD;Short day green;991; RIL:OGD;Short day red;1548; TCS:OF;Short day green;3138;
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 fell below the 10-day EMA and lost nearly 0.6 percent, continuing its downtrend for three days on the trot on December 2. Momentum indicators also indicated some more consolidation, though the higher high–higher low structure on the larger timeframes is still intact. As long as the index trades below 26,300, the key resistance zone for a sharp upmove, consolidation and rangebound trading may continue, with key support at the 25,900–25,850 zone, below which the selling pressure may widen, according to experts. The Nifty 50 formed a bearish candle with both upper and lower shadows on the daily chart, indicating some weakness amid ongoing volatility. The index closed below the 10-day EMA but remained above all other key moving averages as well as the midline of the Bollinger Bands. The RSI dropped to 55.43 with a negative crossover, and the MACD also registered a bearish crossover, with the histogram slipping below the zero line. All this indicates emerging short-term weakness and the possibility of continued consolidation or a mild corrective phase. The Bank Nifty also faced selling pressure, extending its downtrend for another session and declining nearly 0.7 percent on above-average volumes. The index formed a small bearish candle with a long upper shadow on the daily timeframe, signalling continued weakness and pressure at higher levels. The RSI dipped to 61.7 with a bearish crossover, while the MACD also turned bearish with the histogram falling below the zero line. All this indicates that the index may remain under pressure in the near term, with a higher probability of further pullbacks unless strong buying emerges at lower levels.
Nifty:26175.75/-27.2/-0.1%;Candle:OGU;Long day red; Bank Nifty:59681.35/-71.35/-0.12% Candle:OGU;Long day red ; HB:OGU;Long day red;1003; RIL:OGU;Shortday red;1567; TCS:OF;Short day red;3138;
Market wrap up(DWM,T,N,E):The Nifty 50 continued to consolidate for the third consecutive session, erasing 150 points from its fresh record high of 26,326 on profit booking, and closing 0.1 percent down on December 1. The momentum indicators also signaled some caution for the short term, but overall, the trend still favors the bulls, with the continuation of a higher high-higher low formation on larger degree timeframes. According to experts, the index may consolidate further with support at 26,100-26,000, followed by 25,900 as a crucial support level. On the higher side, 26,300 is expected to act as a key resistance zone, as a decisive close above it could open the door for a sharp upmove.The Nifty 50 formed a long bearish candle with a minor lower shadow on the daily charts, signaling pressure despite some buying interest at lower levels. The index has still sustained above all key moving averages, maintaining the higher high-higher low structure on larger timeframes. However, the RSI (at 61.66) and the Stochastic RSI turned bearish, while the MACD inclined downward but stayed above the reference line. The histogram signaled some fading momentum, but it is still above the zero line. All of this indicates caution in the short term, though the overall trend remains bullish.The Bank Nifty reported a bearish candle on Monday after a Doji pattern formation in the previous session but stayed well above 59,500. The index witnessed profit booking at the upper Bollinger Bands, which was expected after its record high journey. As long as the index stays above the short- and medium-term moving averages, as well as the midline of the Bollinger Bands, the bulls will maintain control, despite intermittent consolidation. The momentum indicators still show a bullish bias. All of this indicates continued bullishness in the medium term.
Market wrap up(DWM,T,N,E):The Nifty 50 closed the range-bound session flat with a negative bias on November 28, rising 0.5 percent for the week and nearly 2 percent for the month. The index sustained near the upper Bollinger Bands with positive momentum indicators. Hence, the bulls still have the upper hand despite moderate profit-booking after the record-high rally. If the index reclaims and sustains above last week’s high of 26,310, an upward move toward 26,400–26,500 is likely in the upcoming sessions, while immediate crucial support is placed in the 26,100–26,000 zone, according to experts. The Nifty 50 closed within the previous day’s range and formed a small bearish candle with upper and lower shadows on the daily charts, indicating some volatility. However, the larger degree higher-high–higher-low pattern remains intact, with expansion in the Bollinger Bands. The index sustained well above all key moving averages, while the RSI (62.9), Stochastic RSI, and MACD maintained buy signals with the histogram sustaining above the zero line. All this indicates continued bullish bias. The Bank Nifty extended its uptrend for the third straight session despite a flat close near the upper Bollinger Band, forming a Doji pattern on the daily charts which indicated indecision after hitting a record high on Friday. Overall, the trend remains up, with short- and medium-term moving averages trending higher and the index sustaining near the upper Bollinger Bands. Momentum indicators also maintain a bullish bias, with the RSI at 72.18 and the MACD histogram sustaining above the zero line. All this indicates continued strength in the index.
Nifty:26215.55/10.25/0.04%;Candle:OGU;Short day red; Bank Nifty:59737.3/209.2/0.35% Candle:OGU;Short day green;59737; HB:OGU;Short day green;1009;Tcs:OGU;Long day red;3135;RIL:OGU;Short day rec;1565.
Market wrap up(DWM,T,N,E):The benchmark Nifty 50 finally hit a fresh record high above 26,300 after a 14-month consolidation phase, and managed to close flat with a positive bias on November 27. The expansion in Bollinger Bands, along with constructive technical and momentum indicators and a falling VIX, signalled a positive market mood. Experts expect the index to march toward 26,500–26,600 in the upcoming sessions, though intermittent consolidation is likely. Support is placed at 26,000–26,100, followed by 25,900–25,850 as the crucial support zone. The Nifty 50 formed a bearish candle with upper and lower shadows on the daily timeframe, signalling consolidation after the breakout. However, the index continued its higher-high and higher-low structure, while key moving averages trended upward. The RSI at 63.45 sustained above its reference line, with a positive crossover in the Stochastic RSI. The MACD showed a bullish crossover with further strengthening in the histogram. All this indicates ongoing bullish momentum despite near-term consolidation. The Bank Nifty outperformed the benchmark Nifty 50, rising 0.35 percent. It formed a bullish candle with an upper shadow on the daily charts and maintained a higher-top, higher-bottom formation, signalling continuation of its upward journey. The index hit a fresh high of 59,866 and closed near the upper line of the Bollinger Bands, which expanded on both sides. The RSI at 72.05, along with the Stochastic RSI and MACD, maintained bullish crossovers, with the MACD histogram climbing above the zero line. All this indicates strong bullish momentum and the potential for further upside.
