Gift Nifty:% FII Long18%FutCash;-4026;Opt99% DII:3640
OI data Nifty ( max pain WM)
OI data Bank Nifty (max pain W M)
News:
Events/Results:
Stocks added to F&O ban: IndiaMART InterMESH, Punjab National Bank
Stocks retained in F&O ban: Aditya Birla Fashion & Retail, Bandhan Bank, Can Fin Homes, Dixon Technologies, L&T Finance, Manappuram Finance, Mahanagar Gas, RBL Bank
Stocks removed from F&O ban: Angel One, Kalyan Jewellers
Market wrap up(DWM,T,N,E):The Nifty 50 bounced back after a day of steep correction, rising 0.6 percent on January 22. However, considering the deterioration in market breadth and sharp selling pressure in the broader markets, along with the continuation of the lower tops-lower bottoms formation, there is an indication of weakness. The Nifty 50 seems to be in the broader range of 23,000–23,400 levels. Hence, if the index decisively breaks the upper range, renewed buying interest could lift the index toward 23,600. Conversely, breaking the lower range could take the index down toward 22,800, which is the near-term target on the downside, according to experts. The Nifty 50 formed a small bullish candlestick pattern with a long lower shadow on the daily timeframe, indicating buying interest at lower levels. The index also defended the downward sloping support trendline for another session, which is a positive sign. However, the overall trend remains under the control of bears, given that the index is trading below all key moving averages with a negative bias in momentum indicators. The Bank Nifty recovered 650 points from the day’s low to close with a gain of 153 points, forming a small-bodied bullish candlestick pattern with a long lower shadow, resembling a Dragonfly Doji-like candlestick pattern on the daily timeframe. This is a trend reversal pattern, raising the possibility of an upward trend. Furthermore, the index also defended the upward sloping support trendline on a closing basis, which is another positive sign. Still, the overall sentiment remains negative, as the index traded well below all key moving averages.
Stocks added to F&O ban: Dixon Technologies, Mahanagar Gas
Stocks retained in F&O ban: Aditya Birla Fashion & Retail, Angel One, Bandhan Bank, Can Fin Homes, Kalyan Jewellers, L&T Finance, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 nosedived sharply and erased all its previous day’s gains, correcting by 1.4 percent on January 21 and forming a long Bearish Engulfing candlestick pattern on the daily charts, testing the downward-sloping support trendline intraday, indicating weakness. The index has broken its 23,400-23,050 range on the lower side and closed at 23,025. Hence, if the index fails to defend the 23,000 level in the upcoming sessions on a closing basis, the selling pressure may extend towards 22,800, the immediate support, followed by 22,600 as the next support. However, on the higher side, 23,200-23,300 is the hurdle zone, according to experts. The Nifty 50 formed a long bearish candle, engulfing the narrow-range movement of the last six sessions on the downside, with above-average volumes, indicating that bears hold strong control over the market. The momentum indicators—RSI (Relative Strength Index at 35.37)—remained in the lower band, and MACD (Moving Average Convergence Divergence) stayed below the zero line. The index traded near the lower band of Bollinger Bands and well below all key moving averages, indicating a negative trend. The Bank Nifty also formed a bearish engulfing-like candlestick pattern on the daily timeframe, sustaining below all key moving averages, indicating weakness. However, it took support at the upward-sloping support trendline adjoining the lows of January 13 and 17, which is a bit positive. The momentum indicators remained in the negative terrain.
Stocks retained in F&O ban: Aditya Birla Fashion & Retail, Angel One, Bandhan Bank, Can Fin Homes, Kalyan Jewellers, L&T Finance, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Aarti Industries, Hindustan Copper
Market wrap up(DWM,T,N,E):The Nifty 50 remained rangebound, though it rebounded and recouped the previous day’s losses to end with a 0.6 percent gain on January 20, accompanied by above-average volumes. The daily charts indicated buying interest at lower levels, but volatility remained elevated, signaling caution for bulls. The Nifty 50 consistently faced resistance in the 23,350-23,400 zone. If the index manages to close and sustain above this zone, an upward journey towards 23,600 is possible in the upcoming sessions. However, as long as it trades below this zone, the consolidation may continue, with immediate support at 23,100, according to experts. The Nifty 50 formed a bullish candlestick pattern with a long lower shadow on the daily timeframe, indicating buying interest at lower levels. The index reached closer to the 10-day EMA but sustained below all key moving averages. The momentum indicator RSI (Relative Strength Index) at 41.3 showed a positive crossover but remained in the lower band, while the MACD (Moving Average Convergence Divergence) remained below the zero line. The Bank Nifty reported a bullish candlestick pattern on the daily timeframe with above-average volumes, closing above the 10-day EMA with a 1.67 percent gain. There was also a higher high-higher low formation. The momentum indicator RSI (42.6) showed a positive crossover but remained in the lower band, and the MACD also sustained below the zero line. Hence, consolidation may continue until the banking index gives a strong close above all key moving averages (20, 50, 100, and 200-day EMAs).
Stocks retained in F&O ban: Aarti Industries, Aditya Birla Fashion & Retail, Angel One, Bandhan Bank, Hindustan Copper, Kalyan Jewellers, L&T Finance, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 snapped its three-day winning streak and corrected by half a percent on January 17, negating the higher highs-higher lows formation of the previous couple of sessions. The market needs a strong trigger to get back into consistent positive territory. Hence, until the index trades well below all key moving averages, consolidation in the Nifty 50 may continue, with immediate support at 23,200, followed by 23,050 as crucial support levels. However, if it manages to close strongly above 23,400 (which coincides with the 50-week EMA and 10-day EMA), 23,600 will be the next hurdle to watch on the higher side, according to experts. The Nifty 50 formed a bearish candlestick pattern with a lower shadow on the daily charts, accompanied by above-average volumes. This suggests a lack of strength in the recent upside bounce. The index traded well below all key moving averages, and the negative bias in the momentum indicators indicates weakness. The Bank Nifty also formed a bearish candlestick pattern on the daily timeframe, following an upward rally and the higher highs-higher lows formation seen in the previous three sessions, which indicates weakness. The bearish sentiment persists, as the index remained well below all key moving averages, with a negative bias in the momentum indicators.
Stocks retained in F&O ban: Aarti Industries, Aditya Birla Fashion & Retail, Angel One, Bandhan Bank, Hindustan Copper, Kalyan Jewellers, L&T Finance, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 extended its upward move and formed higher lows for three consecutive days, closing 0.4 percent higher on January 16. The index managed to close above the November low (23,263) and surpassed the 23,350 hurdle intraday. However, the overall sentiment remained in favour of the bears, as the index continued to trade well below all key moving averages. Therefore, the index is expected to consolidate, with immediate support at 23,150, followed by 23,050 (January low). In the event of a continuation of the uptrend, the key hurdle is at 23,500, as above this level, the 200-day EMA at 23,680 will be the level to watch, according to experts. The Nifty 50 formed a bearish candlestick pattern on the daily charts with above-average volumes, continuing the formation of higher highs for another session. However, the momentum indicators remain in negative territory, and the index is sustaining below all key moving averages, signaling an overall bearish phase for the market. Additionally, on the weekly charts, the index formed a bullish candlestick pattern with minor upper and long lower shadows, indicating buying interest at lower levels. Despite this, the index remains below the 50-week EMA and is trading near the lower end of the Bollinger Bands. The Bank Nifty maintained higher tops and higher bottoms for the third consecutive session, particularly since hitting a seven-month low on December 13. It formed a bullish candlestick pattern on the daily charts but remains in the lower band of the Bollinger Bands and below all key moving averages. The momentum indicator RSI (Relative Strength Index) at 39 showed a positive crossover but is still in the lower band, and the MACD (Moving Average Convergence Divergence) remains below the zero line, signaling a negative bias. On the weekly timeframe, the index formed a long bullish candlestick pattern but is still below the 50-week EMA of 49,930.
Stocks added to F&O ban: Aditya Birla Fashion & Retail, Kalyan Jewellers, Manappuram Finance
Stocks retained in F&O ban: Aarti Industries, Angel One, Bandhan Bank, Hindustan Copper, L&T Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 remained in positive territory amid choppy trade, rising 0.2 percent and extending its uptrend for the second consecutive session on January 15. The Nifty 50 is expected to trade in the range of 23,050–23,350 (Monday’s low and high) in the near term, while overall sentiment remains in favour of bears until the index closes above all key moving averages. If the index decisively breaks the lower end of the range, a fall toward 22,800 could be possible. However, if it moves above the upper range, the index may climb toward the 10-day EMA of 23,460 and then the 200-day EMA of 23,680, according to experts. The Nifty 50 reported a small bearish candle with minor upper and lower shadows on the daily charts, indicating choppy trade. The index traded near the lower end of the Bollinger Bands, with a negative bias in the momentum indicators—the Relative Strength Index (36) in the lower band and the MACD (Moving Average Convergence Divergence) below the zero line—indicating a bearish phase. The Bank Nifty formed a small red candle with long upper and lower shadows, resembling a High Wave-like candlestick pattern on the daily timeframe, indicating indecision. The index saw higher tops and higher bottoms for another session, which is positive, but the overall trend remains weak given that the index traded well below all key moving averages and the momentum indicators have a negative bias.
Stocks retained in F&O ban: Aarti Industries, Bandhan Bank, Hindustan Copper, L&T Finance, RBL Bank
Stocks removed from F&O ban: Manappuram Finance
Market wrap up(DWM,T,N,E):The market snapped its four-day losing streak after a gap-up opening, rising four-tenths of a percent on January 14, with breadth turning in favour of the bulls. Overall, sentiment remains bearish. The Nifty 50 needs to close the bearish gap of January 13 by climbing and sustaining above the 23,350 zone for further upward movement towards the 23,500 level (10-day EMA), followed by 23,700 (200-day EMA). However, if it sustains below 23,350, the index may continue consolidation, with support at 23,000, followed by the 22,800 zone, experts said. The Nifty 50 formed a Doji-like candlestick pattern on the daily charts, indicating indecision among bulls and bears after a recent sharp downtrend. The index traded near the lower end of Bollinger Bands, with above-average volumes, and remained below all key moving averages, indicating weakness. The momentum indicators also maintained a negative bias. The Bank Nifty formed a bullish candlestick pattern with a minor upper shadow on the daily charts, negating the seven-day lower highs formation, with above-average volumes. It also filled the down gap of January 13, which is a positive sign. However, overall sentiment remains negative as the index traded well below all key moving averages, with a negative bias in momentum indicators.
Stocks retained in F&O ban: Bandhan Bank, Hindustan Copper, L&T Finance, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The market had a negative start to the week as the benchmark Nifty 50 fell by 1.5 percent on January 13 due to broad-based selling, hitting a fresh seven-month low. The index has lost 1,180 points from its January high. Sentiment remains bearish, with the index trading well below all key moving averages. However, a rebound cannot be ruled out, as the momentum indicator RSI has approached near-oversold levels. If a rebound occurs, the index may face resistance in the 23,200–23,350 zone. On the other hand, if the downtrend extends, a fall towards 22,800 is possible, according to experts. he Nifty 50 formed a bearish candlestick pattern with an upper shadow on the daily charts, accompanied by above-average volumes, indicating a lack of demand at higher levels. The index has been forming lower highs for the seventh straight session and continues to trade below all key moving averages. Notably, the 10-day EMA line has fallen below the 200-day EMA. Momentum indicators also maintained a negative bias, with the RSI (Relative Strength Index) at 32.2 (oversold levels are below 30) and the MACD (Moving Average Convergence Divergence) signaling continued weakness. The Bank Nifty continued its southward journey for the fourth consecutive session, forming a bearish candlestick pattern with a long upper wick on the daily timeframe, reflecting a lack of buying interest at higher levels. The index also traded well below all key moving averages, reinforcing bearish sentiment. The momentum indicator RSI fell to 25.31, its lowest level since October 26, 2023, entering oversold territory and signaling a possible rebound.
Stocks retained in F&O ban: Bandhan Bank, Hindustan Copper, L&T Finance, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 extended its downtrend for the third consecutive session, falling 0.4 percent with above-average volumes on January 10. The overall trend remains bearish, given the negative bias in momentum indicators and the index trading below all key moving averages. If Friday’s low (23,350) is broken, the Nifty 50 may test the November low of 23,263, followed by 23,000, which is the key support zone. However, on the upside, the 23,600-23,700 range (Friday’s high and the 200-day EMA) is the key zone for bulls to get back into action, experts said. The Nifty 50 reported a bearish candlestick pattern on the daily charts, with a continuation of lower highs for the sixth consecutive session. The negative sentiment persists, with the index trading below all key moving averages, including the crucial 200-day EMA, and remaining in the lower band of Bollinger bands. The momentum indicators are also not supportive, with the RSI (Relative Strength Index) at 37.8, giving a negative crossover, and the MACD staying below the zero line. Technically, the Bank Nifty, with its RSI reaching 28.50, has entered the oversold zone, raising the possibility of a bounce back. However, the overall sentiment remains bearish, with the formation of a long bearish candlestick pattern on the daily charts. Additionally, the index saw lower highs for the sixth consecutive day and remained well below all key moving averages, with the 10-day EMA falling below the 200-day EMA.
Stocks retained in F&O ban: Bandhan Bank, Hindustan Copper, L&T Finance, Manappuram Finance, RBL Bank
Stocks removed from F&O ban: Nil
Market wrap up(DWM,T,N,E):The Nifty 50 remained under pressure for another session, falling by seven-tenths of a percent on January 9, but managed to take support at 23,500, which coincides with an upward-sloping support trendline. Overall, the trend remains in favour of the bears, with momentum indicators in negative territory and the index trading below all key moving averages. According to experts, if the index fails to defend the 23,500 level in the upcoming sessions, a fall toward 23,263 (the November low) can’t be ruled out. However, if it sustains above 23,500, it could open the door for a rebound toward the 23,900-24,000 zone, experts said. The Nifty 50 formed a bearish candlestick pattern on the daily charts, sustaining below the 200-day EMA of 23,700. As a result, the index remains below all key moving averages, with a negative bias in the momentum indicators. The RSI (Relative Strength Index) stands at 39.51 in the lower band, while the MACD (Moving Average Convergence Divergence) remains below the zero line, signaling a weak trend. The Bank Nifty maintained lower highs for the fifth consecutive session, forming a bearish candlestick pattern with a sizeable lower wick on the daily charts. It is trading near the lower band of the Bollinger Bands, remaining well below all key moving averages. The momentum indicators (RSI and MACD) are also in a negative trend, signaling continued weakness.
