Nifty:22263/733.2/3.25%;Candle:OGU,Grave stone doji; Bank Nifty:50979.95/1996/4.07% Candle:OGU,Hammer green ; HB:OGU,Hammer Red,1574.
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long28%FutCash;6851;Opt92%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Zee Entertainment Enterprises
Stocks retained in F&O ban: Nil
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):he market had a robust gap-up opening and reached a new closing high on June 3. The Nifty 50 closed above 23,250 for the first time, with a gain of 733 points, after exit polls indicated a possible landslide victory for the NDA government for the third time. Experts say the index is expected to surpass 23,500, with immediate support at 23,000. Key drivers include the index closing well above the upper end of the Rising Channel.
Nifty:22530.7/42.05/0.19%;Candle:OGU,Doji; Bank Nifty:48983.95/301.6/0.62% Candle:OGU, Doji,; HB:OGU,Short day green,1531,Doji,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long14%FutCash;1613;Opt88%
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: Nil
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market rebounded after a five-day correction. The Nifty 50 sustained above the 22,450 level for another session at close on May 31. After the exit polls signaled the NDA government coming to power, experts say the index is likely to hit 23,000, followed by 23,200, with strong support at 22,400-22,300. Key drivers include the index defending the middle of the Bollinger band for another session. Here are 15 data points we have collated to help you spot profitable trades
Nifty:22488.65/-216.05/-0.95%;Candle:OGD,Long day red; Bank Nifty:48682.35/181/0.37% Candle:OGD,Short day green ; HB:OGD,1518,Short day green,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long13%FutCash;-3050;Opt80%
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: Nil
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market fell below multiple supports and closed nearly a percent lower on May 30, the final day of expiry for May Futures & Options contracts. It tested even the 20-day SMA (Simple Moving Average) as well as the 50 percent Fibonacci retracement of the recent rally (from 21,821 to 23,111) during the day but managed to defend both levels at close. Experts see some possibility of the index rebounding from these levels, as these generally act as key support areas, and may test the resistance of 22,700-22,800. However, if it fails, then 22,400 is the immediate support to watch, followed by 22,300. Considering the high volatility ahead of exit polls due on June 1 and Lok Sabha election results on June 4, experts advised participants to avoid making aggressive bets on either side in the initial days of the new series The Nifty 50 closed below 22,500 for the first time since May 17, declining 216 points or 0.95 percent to 22,489 with above-average volumes. It formed a bearish candlestick pattern with upper and lower shadows on the daily timeframe. However, the Bank Nifty outperformed the Nifty 50 as it rebounded from near the 20-day SMA and now traded above all key moving averages. The index rose 181 points or 0.37 percent to 48,682 and formed a bullish candlestick pattern with an upper shadow on the daily charts. The index may face a hurdle on the higher side at the 49,000 mark, and support on the lower side is at 48,300, followed by 48,000, experts said.
Nifty:22704.7/-183.45/-0.8%;Candle:OGD,Short day red; Bank Nifty:48501.35/-640.8/-1.3% Candle:OGD,Long day red ; HB:OGD,Short day red,1506,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long50%FutCash;-5842;Opt92%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: GMR Airports Infrastructure
Stocks retained in F&O ban: Aditya Birla Fashion & Retail, Hindustan Copper, Vodafone Idea
Stocks removed from F&O ban: Biocon, Piramal Enterprises
Market wrap up(DWM,T,N,E):The market has broken the support around 22,800 (which coincides with the previous record high of May 3 as well as the 23.60 percent Fibonacci retracement level from the current month’s low to the record high) on the Nifty 50 after a gap-down opening and closed lower for four days in a row on May 29. Market participants may be more cautious ahead of the expiry of May derivative contracts on Thursday, and the exit polls scheduled immediately after the seventh phase of the Lok Sabha election on June 1. According to experts, the next support for the index lies around 22,600, which coincides with the 38.2 percent Fibonacci retracement level, followed by 22,500, coinciding with the 20-day SMA or the mid of the Bollinger Band. As long as the index holds these support lines, the possibility of a rebound seems high in the coming sessions, with crucial resistance at the 23,000 mark. The Nifty 50 declined 183.5 points, or 0.80 percent, to close at 22,705, reporting a bearish candlestick pattern on the daily charts with an upper shadow. Meanwhile, the Bank Nifty also saw a gap-down opening and lost a further 641 points, or 1.3 percent, to 48,501, forming a bearish candlestick pattern on the daily timeframe. Experts expect the possibility of a bounce back in the index, as after the recent fall, it reached very close to the 20-day SMA (Simple Moving Average) as well as the 50 percent Fibonacci retracement level placed around the 48,300 mark. However, if it fails to rebound, the correction may extend to the 48,000 mark.
Nifty:22888.15/-44.3/-0.19%;Candle:OGU,Short day red; Bank Nifty:49142.15/-139.65/-0.28% Candle:OGU,Short day red ; HB:OGU,Doji,1529,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long54%FutCash;3231;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: Aditya Birla Fashion & Retail
Stocks retained in F&O ban: Biocon, Hindustan Copper, Vodafone Idea, and Piramal Enterprises
Stocks removed from F&O ban: GNFC
Market wrap up(DWM,T,N,E):The Nifty 50 lost ground in the last hour of trade amid consistent volatility, maintaining a downward move for the third consecutive session on May 28. The index failed to surpass 23,000 and closed just below 22,900. Market participants preferred to book profits, and bulls seem to be cautious given the rising volatility to a fresh two-year high. Even the chart formations indicated the exhaustion of bullish strength, which might attract a price-wise correction post-rally, experts believe. On the levels front, 23,000 is expected to be a crucial hurdle for the index as it needs to give a strong close above this level for a rally towards 23,100-23,200. Until then, consolidation may continue with immediate support at 22,800, and then 22,600 levels. he Nifty 50 lost ground in the last hour of trade amid consistent volatility, maintaining a downward move for the third consecutive session on May 28. The index failed to surpass 23,000 and closed just below 22,900. Market participants preferred to book profits, and bulls seem to be cautious given the rising volatility to a fresh two-year high. Even the chart formations indicated the exhaustion of bullish strength, which might attract a price-wise correction post-rally, experts believe. On the levels front, 23,000 is expected to be a crucial hurdle for the index as it needs to give a strong close above this level for a rally towards 23,100-23,200. Until then, consolidation may continue with immediate support at 22,800, and then 22,600 levels.
Nifty:22932.45/24.65/0.11%;Candle:OGU,Short day red; Bank Nifty:49281.8/310.15/0.63% Candle:OGU,Short day green ; HB:OF,short day green,1528,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long52%FutCash;-541;Opt94%
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: Biocon, GNFC, Hindustan Copper, Vodafone Idea, and Piramal Enterprises
Stocks removed from F&O ban: Bandhan Bank, India Cements, National Aluminium Company, and Punjab National Bank
Market wrap up(DWM,T,N,E):The Nifty 50 tried hard to hold on to the psychological 23,000 mark for the second consecutive session but failed, closing moderately in the red amid rising volatility as bulls gave up control to bears on May 27. This indicates that market participants may be maintaining a cautious approach ahead of the expiry of May derivative contracts and the exit polls due later in the week, although the trend remains in favour of bulls. Hence, the index is likely to consolidate around the 23,000 mark in the coming sessions and may once again attempt to hit the upper band of the rising channel (placed around 23,100-23,200). If the index manages to close and sustain above these levels, then 23,500 is the level to watch, with support at 22,800, experts said. The Nifty 50 touched an intraday record high of 23,111 but lost ground in the last hour of trade, closing at 22,932, down 25 points, forming a bearish candlestick pattern on the daily charts. Meanwhile, the Bank Nifty continued to perform better than the benchmark Nifty 50, rising 310 points, or 0.63 percent, to 49,281. The index reported a bullish candlestick pattern with a long upper shadow on the daily charts, indicating profit booking at higher levels
Nifty:22957.1/-10.55/-0.05%;Candle:OF,Doji; Bank Nifty:48971.65/203.05/0.42% Candle:OF, Short day green; HB:OF,Short day green,1515,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long49%FutCash;4671;Opt94%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Biocon, GNFC, Vodafone Idea
Stocks retained in F&O ban: Bandhan Bank, Hindustan Copper, India Cements, National Aluminium Company, Piramal Enterprises, and Punjab National Bank
Stocks removed from F&O ban: Aditya Birla Capital, Balrampur Chini Mills, Indian Energy Exchange, Metropolis Healthcare, Zee Entertainment Enterprises
Market wrap up(DWM,T,N,E):The market achieved the much-awaited milestone of 23,000 on May 23, although the index failed to close above it due to profit-taking at higher levels. This was reflected in the charts as the Nifty 50 formed a small-bodied bullish candlestick pattern with a long upper shadow. Overall, the mood remains in favor of the bulls, given the back-to-back 2 percent gains each in the last two weeks. However, volatility is likely to be elevated, especially ahead of the results of the mega event, the Lok Sabha elections, on June 4. Going forward, 23,000 is expected to play a crucial role in the index’s journey towards the upper band of the Rising Channel, placed at 23,100-23,200, whereas on the lower side, 22,800 is likely to act as support, experts said. The Nifty 50 hit an intraday all-time high of 23,026.40 before closing the session at 22,957, down 10.6 points on Friday with lower-than-average volumes. For the week, it was up 2 percent and formed a robust bullish candlestick pattern on the weekly charts for yet another week. Meanwhile, the Bank Nifty continued to outpace the Nifty 50, climbing 203 points or 0.42 percent to 48,972. The index formed a bullish candlestick pattern on the daily timeframe. For the week, it was up 1.6 percent and saw a strong bullish candlestick pattern on the weekly charts.
Nifty:22967.65/369.85/1.64%;Candle:OF,Long day green; Bank Nifty:48768.6/986.65/2.06% Candle:OF,Long day green ; HB:OF,1492,Long day green
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long42%FutCash;4671;Opt91%
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: Aditya Birla Capital, Balrampur Chini Mills, Bandhan Bank, Hindustan Copper, Indian Energy Exchange, India Cements, Metropolis Healthcare, National Aluminium Company, Piramal Enterprises, Punjab National Bank, and Zee Entertainment Enterprises.
Stocks removed from F&O ban: Biocon, Vodafone Idea
Market wrap up(DWM,T,N,E):The mood at Dalal Street turned more upbeat on May 23 as the benchmark indices hit fresh record highs, with the Nifty 50 moving closer to the psychological 23,000 mark, partly led by short covering, although the market breadth was in favor of bears and the volatility remained high. The technical setup looks stronger with the index trading above all key moving averages and maintaining a formation of higher highs for the ninth consecutive session. Hence, experts feel that if the index manages to close decisively above the much-awaited 23,000 level, then 23,500 is the level to watch out for as the market approaches the general elections results due next month. The 22,800 level may act as immediate support, followed by 22,600 as a crucial support. The Nifty 50 ended at a new closing high of 22,968, up 370 points or 1.64 percent on Thursday with above-average volumes, and formed a long bullish candlestick pattern on the daily charts, indicating strong buying interest. Meanwhile, the Bank Nifty outperformed the Nifty 50, rising 987 points or 2.06 percent to 48,769, and forming a strong bullish candlestick pattern on the daily timeframe. It traded above all key moving averages now.
Nifty:22597.8/68.75/0.31%;Candle:OGD,Short day green; Bank Nifty:47781.95/266.25/0.55% Candle:OGD,Short day red ; HB:OGD,1464.,Short day green,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long31%FutCash;-686;Opt92%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Hindustan Copper, Metropolis Healthcare
Stocks retained in F&O ban: Aditya Birla Capital, Balrampur Chini Mills, Bandhan Bank, Biocon, Vodafone Idea, Indian Energy Exchange, India Cements, National Aluminium Company, Piramal Enterprises, Punjab National Bank, and Zee Entertainment Enterprises.
Stocks removed from F&O ban: GMR Airports Infrastructure, Granules India
Market wrap up(DWM,T,N,E):Despite elevated volatility, bulls seem to be in a position to not easily relinquish control to bears. The Nifty 50 sustained an uptrend for five days in a row and reached near the critical hurdle of 22,600, despite a correction in the Bank Nifty. Furthermore, the index continued to see higher highs formation while trading above all key moving averages, as well as maintaining a positive bias in the momentum indicator RSI (relative strength index placed at 59.12). Hence, the trend remains positive. Experts feel that if the index closes and holds above 22,600 in the coming sessions, then the index’s journey towards 22,800 can’t be ruled out. Till then, it may consolidate with support at 22,500-22,400 levels. The Nifty 50 climbed 69 points or 0.51 percent to 22,598 on Wednesday and formed a bullish candlestick pattern with a long lower shadow on the daily charts, indicating support-based buying interest. Meanwhile, the Bank Nifty extended its correction for the second consecutive session and formed a bearish candlestick pattern with a long lower shadow on the daily timeframe. The index recovered nearly 350 points from the day’s low before closing 266 points or 0.55 percent lower at 47,782.
Nifty:%;Candle:OGD,Short day green; Bank Nifty:% Candle:OGD,Doji ; HB:OGD,Doji
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long32%FutCash;;Opt92%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Stocks added to F&O ban: Indian Energy Exchange, National Aluminium Company, Punjab National Bank
Stocks retained in F&O ban: Aditya Birla Capital, Balrampur Chini Mills, Bandhan Bank, Biocon, GMR Airports Infrastructure, Granules India, Vodafone Idea, India Cements, Piramal Enterprises, and Zee Entertainment Enterprises.
Stocks removed from F&O ban: Birlasoft, Hindustan Copper, SAIL
Market wrap up(DWM,T,N,E):Equity benchmarks maintained an upward journey amid consolidation and closed the first session of the current week on a positive note on May 21, continuing the uptrend for the fourth straight session. The Nifty 50 managed to hold onto 22,500 on the closing basis for yet another trading day and formed a bullish candlestick pattern on the daily charts, with the momentum indicator RSI (relative strength index) showing a positive crossover. However, RSI on the hourly charts gave a negative crossover with a further sharp increase in volatility, indicating consolidation in the coming sessions before marching towards a record high. The Nifty 50 closed at 22,529, up 27 points or 0.12 percent for Tuesday. Experts expect the index to consolidate in the range of 22,400-22,600, and breaking this range on either side to give further direction. The support is expected to remain at 22,300-22,200 levels, with the major hurdle at 22,700-22,800 on the higher side. Meanwhile, the Bank Nifty managed to hold onto the 48,000 mark, falling 151 points or 0.31 percent to 48,048 and forming a bullish candlestick pattern with a long upper shadow on the daily charts, indicating selling pressure at higher levels.
