Nifty:19306.05/40.25/0.21%;Candle:OF,Doji; Bank Nifty:44494.65/263.2/0.6% Candle:OF,Short day green ; HB:OF,Short day green,1578,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long43%FutCash;-1393;Opt93%
OI data Nifty ( max pain W19300M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Indiabulls Housing Finance to its F&O ban list for August 29, while retaining BHEL, Escorts Kubota, GMR Airports Infrastructure, Hindustan Copper, India Cements, Manappuram Finance, RBL Bank, and Sun TV Network in the list.
Market wrap up(DWM,T,N,E):We have seen a healthy rebound amid consolidation on August 28 after two days of correction, but experts are not convinced by the bounce back, though it is on expected lines suggested by the Inverted Hammer kind of pattern formation on the weekly charts. They expect the rangebound trade to continue unless the Nifty50 breaches 19,400 on the higher side which can take the index up to the 19,600 hurdle, whereas the 19,200-19,300 range is expected to be a support area in the near term. The BSE Sensex jumped 110 points to 64,997, while the Nifty50 rose 40 points to 19,306 and formed a Doji kind of pattern on the daily charts after bearish candlestick pattern formation in the previous session, indicating the possibility of rangebound trade in the coming days. “The Nifty has taken support from 19,260 four times in the last 10 trading sessions, making it a strong support for the index. The index managed to hold above the 50-day exponential moving average (DEMA) of 19,286, after closing below the same in the previous trading session,” a breakdown below 19,260 will lead to the initiation of fresh shorts which can take the index to 19,000. However, for the momentum to pick up on the upside, the Nifty needs to break the 19,500 barrier, which is the level where maximum Call open interest is placed, The broader markets fared better than benchmarks on positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained half a percent and seven-tenth of a percent respectively, while the volatility jumped to a three-month high. India VIX, the fear index rose 2.6 percent to 12.40 levels, which is a bit for bears.
Nifty:19253.3/-93.65/-0.48%;Candle:OGU,Short daay red; Bank Nifty:43989.15/-243.45/-0.55% Candle:OF,Short day red ; HB:OF,Doji, 1572,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long53%FutCash;-2973;Opt87%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Market wrap up(DWM,T,N,E):After losing the momentum from day’s high in late trade in the previous session, the market continued its downtrend amid volatility on August 31 too, the monthly F&O expiry day. Going ahead, the Nifty50 is likely to take a support at 19,250-19,200 area and the failure to hold the same can extend selling up to 19,100-18,900 levels, while the 19,400-19,500 level is expected to remain as a key hurdle area on the higher side, experts said. The BSE Sensex dropped 256 points to 64,831, while the Nifty50 declined 94 points to 19,254 and formed bearish candlestick pattern on the daily scale. The index has broken 50-day EMA (exponential moving average placed at 19,289). “Technically, the candlestick pattern indicates that the market is now placed at the edge of downside breakout of the support around 19,250-19,200 levels,” The negative chart pattern like lower tops and bottoms is intact on the daily chart. Hence, he feels the underlying trend of Nifty remains choppy with weak bias. “There is a possibility of weakness below 19,200 levels in the coming sessions. The strong support is placed around 19,000-18,900 levels, where one may expect a sizable upside bounce from the lows,” The broader markets continued to see buying interest as the Nifty Midcap 100 index gained 0.11 percent and Smallcap 100 index rose 0.8 percent. The market breadth was not very weak as it slightly tilted in favour of bears.
Nifty:19727.05/116/0.59%;Candle:OGU,Long day green,; Bank Nifty:44878.35/469.25/1.06% Candle:OF,Long day green ; HB:OGU.Short day green,1624,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long57%FutCash;-759;Opt91%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Punjab National Bank to its F&O ban list for September 8, while retaining Balrampur Chini Mills, BHEL, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, and SAIL on the list.
Market wrap up(DWM,T,N,E):The market continued its higher highs formation as well as upward journey for the fifth consecutive session on the Nifty on September 7, as the bulls stayed strong at Dalal Street, which are likely to take the Nifty50 towards 19,800-19,900 levels in coming sessions, provided the index holds 19,650. The 19,700-19,500 is expected to be support zone, The BSE Sensex jumped 385 points to 66,266, while the Nifty50 rose 116 points to 19,727 and formed long bullish candlestick pattern on the daily charts, with firmly maintaining above falling resistance trendline. “The bulls were able to push Nifty higher following a rangebound trading period in the preceding few days. The sentiment remains positive as long as the index sustains above 19,550,” On the higher end, he feels gains may extend to the range of 19,900 to 20,000 in the near term, provided that bullishness in the market continues to increase.The positive trend remained in broader markets for nine days in a row, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.8 percent and half a percent, respectively.
Nifty:19574.9/46.1/0.24%;Candle:OGU,Short day green; Bank Nifty:44532.15/-46.15/-0.1% Candle:OF,Doji ; HB:OF,Short day red,1577,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long52%FutCash;-1725;Opt96%
OI data Nifty ( max pain W19500M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Delta Corp to its F&O ban list for September 6, while retaining Balrampur Chini Mills, BHEL, Hindustan Copper, Indiabulls Housing Finance, and India Cements on the list.
Market wrap up(DWM,T,N,E):Bulls seem to have turned strong after recent consolidation and pushed the Nifty50 above 19,500 mark. As long as the index holds the same level, 19,600 can be possible in the immediate term and then 19,800 can’t be ruled out, whereas on the flip side, 19,400-19,300 range is likely to provide good support to the index, experts said The market settled higher for the third consecutive session with the BSE Sensex rising 152 points to 65,780, while the Nifty50 climbed 46 points to 19,575 and formed a small bullish candlestick pattern on the daily charts with continuing higher highs and higher lows formation and holding above the downward sloping resistance trendline. “The Nifty has sustained a breakout from a descending channel on the daily chart. The trend will remain favourable as long as the bulls can maintain the Nifty above 19,440,” A “buy on dips” strategy should be the preferred approach until Nifty falls below 19,440, The Nifty Midcap 100 and Smallcap 100 indices continued the upward journey, rising 1 percent and 0.8 percent, respectively to end at fresh record closing highs, while the India VIX remained favourable for bulls, falling 1.34 percent to close at one-month low of 10.82 levels.
Nifty:19528.8/93.5/0.48%;Candle:OGU,Doji; Bank Nifty:44578.3/142.2/0.32% Candle:OGU,Doji ; HB:OGU,Doji,1584.
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long52%FutCash;-3368;Opt96%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Balrampur Chini Mills, BHEL, Hindustan Copper, and India Cements to its F&O ban list for September 5, while retaining Indiabulls Housing Finance on the list.
Market wrap up(DWM,T,N,E):The market on September 4 extended its northward journey for the second consecutive session with the Nifty50, as expected, climbing above the 19,500 mark, tracking positive Asian cues. Going ahead, if the index sustains above 19,500, then the 19,600-19,650 can be easily seen, with immediate support at 19,400-19,300, experts said, adding that the momentum may remain strong in the broader markets. “The index has finally surpassed the 20 DEMA (exponential moving average placed at 19,416) on the daily time frame, adding to the bullish undertone and is likely to head towards the bearish gap in the comparable period,” As far as levels are concerned, he says 19,400 is expected to cushion any upcoming blips, while the sacrosanct support lies around 19,300-19,250 zone. On the flip side, the immediate resistance is placed around 19,600, followed by the bearish gap of 19,680-19,700. The momentum remained strong in the broader markets as the Nifty Midcap 100 and Smallcap 100 indices gained 1 percent and 1.3 percent respectively, backed by positive breadth with 3:2 ratio. The volatility also cooled down further, making bulls more comfortable at Dalal Street. The India VIX, the fear gauge index, fell 3.54 percent to 10.96 from 11.37
Nifty:19435.3/181.5/0.94%;Candle:OF,Long daay green; Bank Nifty:44436.1/446.95/1.02% Candle:OGU,Long day green ; HB:OF,Doji,1574,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long51%FutCash;488;Opt93%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Indiabulls Housing Finance to its F&O ban list for September 4.
Market wrap up(DWM,T,N,E):The market started the new month on a positive note, as the Sensex rallied 556 points, or 0.86 percent, to 65,387 and the Nifty 182 points, or 0.94 percent, to 19,435 on September 1 but whether the momentum will sustain is the big question . The market started the new month on a positive note, as the Sensex rallied 556 points, or 0.86 percent, to 65,387 and the Nifty 182 points, or 0.94 percent, to 19,435 on September 1 but whether the momentum will sustain is the big question. “On the daily charts, we can observe that the Nifty has witnessed a sharp pullback from the 19,250 zone where the Nifty has been witnessing buying interest. The daily and the hourly momentum indicators triggered a positive crossover with a divergence, which is a bullish sign from a short-term perspective,” “Considering the above parameters we change our short-term outlook on the index to positive. On the upside, we expect the Nifty to target levels of 19,650,” Gedia said. Crucial support is placed at 19,330–19,300, while immediate hurdle is at 19,520–19,550, The broader markets also traded strong, with the Nifty midcap 100 and smallcap 100 indices rising 0.8 percent and 1.2 percent, aided by positive breadth. The sharp drop in India VIX, the fear index, to 11.37 levels, also gives comfort to the bulls.
Nifty:19347.45/4.8/0.02%;Candle:OGU,Long day red; Bank Nifty:44232.6/-262.65/-0.59% Candle:OGU,Long day red ; HB:OGU.Long day red,1608,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long46%FutCash;-495;Opt94%
OI data Nifty ( max pain W19350M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added BHEL to its F&O ban list for August 31, while retaining Indiabulls Housing Finance to the list. Manappuram Finance, RBL Bank, Sun TV Network, Escorts Kubota, GMR Airports Infrastructure, and Hindustan Copper removed from the said list.
Market wrap up(DWM,T,N,E):The late-hour profit-booking erased most of the gains and the benchmark indices ended flat with a positive bias on August 30, ahead of the expiry of August month futures & options contracts on August 31. The Nifty failed to hold the crucial 19,400-19,500 hurdle and has taken support at 19,300. Hence in the coming sessions, the index is expected to face resistance at a similar range, with support at 19,300-19,200 levels, experts said. “The Nifty index encountered a robust resurgence of bearish momentum, leading to considerable selling pressure at elevated levels. Amidst this downturn, the addition of substantial open interest in the 19,500 Call options signifies that the index is poised to expire below the 19,500 mark,” In terms of technical levels, he believes that the index’s immediate support on the downside is evident in the range of 19,300-19,250. A failure to sustain above this level could potentially trigger a continuation of the downward movement , We continued to see strong interest in the broader markets on positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained 0.7 percent and 1 percent respectively, while the India VIX, the fear index, dropped below 12 levels, down by 3.47 percent to 11.80 levels.
Nifty:19342.65/36.6/0.19%;Candle:OGU,Short day red; Bank Nifty:44495.25/0.6/0.02% Candle:OGU,Short day red ; HB:OGU,Doji,1590,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long45%FutCash;61.5;Opt93%
OI data Nifty ( max pain W19350M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Escorts Kubota, GMR Airports Infrastructure, Hindustan Copper, Indiabulls Housing Finance, Manappuram Finance, RBL Bank, and Sun TV Network to its F&O ban list for August 30, while removing BHEL, and India Cements from the said list.
Market wrap up(DWM,T,N,E):The market on August 29 continued its upward journey for the second consecutive session but with volatility and amid consolidation. The Nifty faced strong resistance at 19,350-19,400; hence breaking the level decisively can lift the index towards 19,500-19,600, whereas the support is expected to remain at 19,250, experts said. The BSE Sensex rose 79 points to 65,076, while the Nifty50 climbed 37 points to 19,343, and formed a bearish candlestick pattern on the daily charts as the closing was lower than opening levels, but continued making higher tops and higher bottoms formation for yet another session. “On the daily charts, we can observe that the Nifty has been hovering around the 40-day moving average (19,359) since the past couple of trading sessions. As long as the Nifty holds above 19,250, we can expect the consolidation to continue,” On the downside, he feels 19,250-19,230 is the crucial support zone while on the upside, 19,450-19,470 shall act as a crucial resistance from a short-term perspective. “Daily and hourly momentum indicators have a positive crossover, which is a buy signal. However, prices are trading at a resistance and hence we shall wait for a price confirmation,” The broader markets continued their northward journey, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.3 percent and 0.5 percent respectively.
The NSE has added Escorts Kubota, and Sun TV Network to its F&O ban list for August 28, while retaining BHEL, GMR Airports Infrastructure, Hindustan Copper, India Cements, Manappuram Finance, and RBL Bank in the list. However, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Indiabulls Housing Finance, Metropolis Healthcare, and Punjab National Bank were removed from the said list.
Market wrap up(DWM,T,N,E):The market after negative opening remained volatile throughout session and closed six-tenth of a percent lower on August 25, continuing downtrend for second consecutive session. The Nifty has managed to take a support at around 19,230-19,250 area on closing basis, which also coincides with previous month’s low and also formed Inverted Hammer kind of pattern on the weekly charts, which is a bullish reversal pattern. Hence, if there is any bounce back, the immediate resistance would be 19,400-19,500 levels which coincides with 21-day EMA (19,445), but the breaking of the above support can drag the index up to 19,100-19,000 levels, the crucial support, in coming sessions, The BSE Sensex declined 366 points to 64,887, while the Nifty50 fell 121 points to 19,266 and formed small bearish candlestick pattern with minor upper & lower shadows on the daily scale, negating higher highs formation of previous four sessions. “The sentiment is expected to stay bearish as long as the index remains below 19,450, where the 21-day exponential moving average (EMA) is positioned on the daily timeframe,” We have also seen selling pressure in the broader markets with negative breadth in the ratio of around 1:2. The Nifty Midcap 100 and Smallcap 100 indices fell 0.8 percent and 0.4 percent respectively, while the India VIX, the fear index, climbed above 12 levels, rising by 3.26 percent.
Nifty:19444/47.55/0.25%;Candle:OGU,Doji; Bank Nifty:44479.05/485.8/1.1% Candle:OF,Short day green ; HB:OGD,Short day green,1586,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long45%FutCash;614;Opt95%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Sun TV Network to its F&O ban list for August 24, while retaining BHEL, Delta Corp, Escorts Kubota, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Metropolis Healthcare, and Punjab National Bank in the list. However, SAIL, and Zee Entertainment Enterprises were removed from the said list.
Market wrap up(DWM,T,N,E):The market tried hard to break the consolidation on the higher side, but could not get back above the 19,500 mark, though the indices closed higher with decent gains on August 23, ahead of the weekly F&O expiry the following day. If the Nifty50 manages to close and sustain above 19,500, then further upside looks likely in coming sessions. But a failure of the same indicates the continuation of consolidation between 19,500 and 19,250, experts said. “The Nifty took support from the 50-day exponential moving average (DEMA) of 19,265 on August 18 and moved up steadily since then. However, the Nifty is consolidating in the 19,300-19,500 range since the last seven trading sessions and yet to give a strong close above it,” The maximum Call open interest for the Nifty is placed at 19,500 strike. Short covering at 19,500 strike is likely to result in a sharp move on the upside ahead of the weekly expiry on August 24, he feels , We have seen a continuation of the upward rally in the broader space with positive breadth in the ratio of 3:2. The Nifty Midcap 100 and Smallcap 100 indices gained 0.4 percent and 0.9 percent respectively.
