Nifty:21150.15/-302.95/-1.41%;Candle:OGU,Long day red; Bank Nifty:47445.3/-425.6/-0.89% Candle:OGU,Long day red, ; HB:OGU,Long day red,1657,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long65%FutCash;-1322;Opt96%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Ashok Leyland, and India Cements to its F&O ban list for December 21, while retaining Balrampur Chini Mills, Delta Corp, Indus Towers, Manappuram Finance, National Aluminium Company, Piramal Enterprises, RBL Bank, and SAIL in the list. Zee Entertainment Enterprises and IRCTC were removed from the said list.
Market wrap up(DWM,T,N,E):The market finally caught into the much-awaited major profit booking and lost more than 400 points from its record high touched in the morning session on December 20 despite the positive mood at global counterparts. The Nifty50 is likely to take support at around the psychological 21,000 mark in the profit booking, and 20,800 is expected to be a crucial support area, whereas it may face resistance at the 21,200-21,400 zone and 21,600 seems to be the top for the time being, expert said, adding overall, the market sentiment is still positive and remained consolidative unless it decisively breaks 20-day EMA (exponential moving average which is nearly 400 points away from Wednesday’s closing). On December 20, the BSE Sensex fell 931 points or 1.3 percent to 70,506, while the Nifty50 tanked 303 points or 1.4 percent and formed a large bearish candlestick pattern on the daily charts, in fact engulfing all the previous three candles. “Momentum readings like the 14-day RSI (relative strength index) too have declined sharply from overbought levels indicating a loss of momentum. This is a negative signal for the near term and it also implies that the Nifty has now entered into a short-term downtrend,” the Nifty could play down towards the next major supports at the 21,026-20,769 level in the coming sessions. Any pullback rallies could find resistance at 21,325, The broader markets hit badly with negative breadth. The Nifty Midcap 100 and Smallcap 100 indices corrected 3.3 percent and 3.6 percent, respectively. The fear index, India VIX also jumped further, rising 4.20 percent to 14.45, from 13.87 levels, which made the bulls uncomfortable at higher levels.
Nifty:21453.1/34.45/0.16%;Candle:OF,Doji; Bank Nifty:47870.9/3.2/0.01% Candle:OF,Doji ; HB:OF,Doji,1651,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long62%FutCash;-601;Opt96%
OI data Nifty ( max pain W21400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Delta Corp, Indus Towers, IRCTC, Piramal Enterprises, and RBL Bank, to its F&O ban list for December 20, while retaining Balrampur Chini Mills, Manappuram Finance, National Aluminium Company, SAIL and Zee Entertainment Enterprises in the said list. Hindustan Copper and India Cements were removed from the said list.
Market wrap up(DWM,T,N,E):The Nifty 50 surpassed the much-awaited 21,500 mark for the first time on December 19, but could not sustain above the same. This is expected to remain as a key resistance area for the index going forward as sustaining above the same can be a start for another leg of upward momentum in coming sessions, below the same consolidation can be seen and 22,300-22,200 can remain good support for the index, experts said. On December 19, the rebound in the afternoon after correction in the morning session helped the market close moderately higher. The BSE Sensex rose 122 points to 71,437, while the Nifty 50 advanced 34 points to 21,453 and formed a small-bodied Bearish candlestick pattern with a long lower shadow on the daily charts, indicating the support is being held and the buying interest at lower levels. “Nifty continues to remain in a bullish trend and holding longs with trailing stop loss is the ideal strategy,” feels 5-day EMA (exponential moving average) is placed near 21,300 and the same is expected to act as a support going forward.Resistance for the Nifty is expected in the zone of 21,500-21,600, where Calls are written on the derivative side, he said. the bullish trend is expected to persist as long as the index stays above 21,350 consistently, which has been held in the recent past. On the upper side, “definitive breakthrough above 21,500 could potentially initiate a substantial market rally; until then, consolidation appears probable,” However, the Nifty Midcap 100 and Smallcap 100 indices witnessed profit booking at higher levels, falling 0.38 percent and 0.12 percent, respectively.
Nifty:21418.65/38/0.18%;Candle:OF,Doji; Bank Nifty:47867.7/275.85/0.57% Candle:OGD,Doji ; HB:OF,Doji,1657,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long60%FutCash;-32;Opt97%
OI data Nifty ( max pain W21400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added National Aluminium Company to its F&O ban list for December 19, while retaining Balrampur Chini Mills, Hindustan Copper, India Cements, Manappuram Finance, SAIL and Zee Entertainment Enterprises in the said list. Delta Corp was removed from the list.
Market wrap up(DWM,T,N,E):After a sharp rally in the previous couple of sessions, it was a lacklustre trade for the market on December 18 and there was a Doji kind of candlestick pattern formation. However, the index being near its record high and maintaining its previous day’s closing low, it seems that the momentum still lies with the bulls. Hence, experts see some more consolidation in the coming days, before the market gets into a strong mood with the resistance at 21,500 and support at 21,200 levels. On December 18, the benchmark indices retreated a bit with the BSE Sensex falling 169 points to 71,315, while the Nifty50 declining 38 points to 21,419. “The lack of conviction was evident on the daily chart, displaying a classical Doji formation. Despite this, the overall tone remains bullish, with no apparent signs of weakness,” Nevertheless, caution is warranted as prices approach a key resistance zone marked by indicators in high overbought territory, he said, adding the resistance zone lies in the range of 21,500 to 21,600, representing the 200 percent reciprocal retracement of the October month’s price fall. Technically, this level also signifies the near-term target. traders to refrain from complacent long bets and should consider timely profit-taking at higher levels. The strong support is identified in the zone of the bullish gap, around 21,200 to 21,300 levels. The India VIX, the fear index jumped to the highest level in the current financial year, making the bulls a bit uncomfortable. The VIX rose by 5.88 percent to 13.90 levels.
Nifty:21456.65/273.95/1.29%;Candle:OGU,Long day green; Bank Nifty:48143.55/411.25/0.86% Candle:OGU,Short day green ; HB:OF,Short day greenk,OF,Short day green
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long60%FutCash;9239;Opt97%
OI data Nifty ( max pain W21350M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Balrampur Chini Mills, Delta Corp, Hindustan Copper, India Cements, Manappuram Finance, SAIL and Zee Entertainment Enterprises to its F&O ban list for December 18. Indiabulls Housing Finance was removed from the said list.
Market wrap up(DWM,T,N,E):After recent consolidation, the bulls seem to have gained solid strength as the market recorded sharp upmove for second consecutive session and moved closer to 21,500 mark on December 15. The momentum indicator RSI (relative strength index) also showed positive bias, but reached to overbought stage (at 84.92, the highest levels since September 2021) and the PCR (Put-Call ratio) also jumped to 1.47 levels, hence, some kind of consolidation can’t be ruled out in coming days with immediate support at 21,300-21,200 zone, before getting back to the new upward journey above 21,500 mark, experts said. On December 15, the BSE Sensex surged 970 points to 71,484, while the Nifty50 rose 274 points to 21,457 and formed long bullish candlestick pattern on the daily timeframe. “Technically, with the Nifty surging higher to new life highs, the bulls remain in control. Further upsides are likely once the immediate resistance of 21,492 is taken out,” He feels the caution is however warranted for the near term as the 14-day RSI at 84.92 is in overbought territory, but 14-week RSI at 75.87 implies that it is not extremely overbought and there is scope for more upsides in the intermediate term. Thus, any short-term corrections can be utilized to buy into quality stocks, he advised. Crucial supports to watch for weakness are at 21,319-21,235, For the coming sessions, Jigar S Patel, senior manager – equity research at Anand Rathi also expects some consolidation from 21,500 levels. “A move above the same might extend the rally towards 21,800. On the data front, Nifty PCR is above 1.45, and this might result in some consolidation,” he said. The broader markets gained but underperformed benchmark indices. The Nifty Midcap 100 index was up 0.11 percent and Smallcap 100 index gained 0.7 percent, while the India VIX, the fear index jumped above 13 mark, rising 6.55 percent to 13.13 levels, which is a bit of concern for bulls.
Nifty:21182.7/256.35/1.23%;Candle:OGU,Doji; Bank Nifty:47732.3/640.05/1.36% Candle:OGU,Doji ; HB:OGU,`1652,Doji
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long57%FutCash;3570;Opt97%
OI data Nifty ( max pain W21150M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Manappuram Finance and SAIL to its F&O ban list for December 15, while retaining Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, and Zee Entertainment Enterprises to the said list. National Aluminium Company was removed from the said list.
Market wrap up(DWM,T,N,E):he market made a remarkable journey on December 14, coming back strongly after six-day consolidation and climbed to a new high on the benchmark indices as well as Bank Nifty. Given the strong momentum and holding 20,850 as a strong support in the past six days on closing basis, the Nifty50 is likely march towards 21,400-21,500 levels in coming sessions with sector rotation support, experts said. On December 14, the BSE Sensex hit 70,500 levels for the first time, rising 930 points to 70,514 after dovish commentary by the Federal Chair Jerome Powell, while the Nifty 50 hit a new high of 21,211 and closed at new all-time high of 21,183, up 256 points. The index has formed bullish candlestick pattern on the daily charts, after strong gap up opening. On December 14, the BSE Sensex hit 70,500 levels for the first time, rising 930 points to 70,514 after dovish commentary by the Federal Chair Jerome Powell, while the Nifty 50 hit a new high of 21,211 and closed at new all-time high of 21,183, up 256 points. The index has formed bullish candlestick pattern on the daily charts, after strong gap up opening. After the formation of long legged Doji type candle pattern on Wednesday, the market seems to have witnessed a decisive upside breakout on Thursday. The significant opening upside gap of recent session remains intact. If Thursday’s upside gap doesn’t get filled in the next 2-3 sessions, then one may presume Nifty in a middle of a sharp uptrend,” Normally, such unfilled crucial upside gaps middle of uptrend are considered as a bullish runaway gaps. He believes there is a possibility of Nifty reaching towards the important resistance of 21,550 levels-78.6 percent Fibonacci extension (taken from March bottom, September top and October bottom) in the coming week. “Immediate support is placed at 21,050 levels. Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas, also feels the momentum setup also suggests continuation of the current upmove. Thus, both price and momentum are suggesting continuation of the current upmove, The broader markets continued northward journey with the Nifty Midcap 100 and Smallcap 100 indices rising 1.3 percent and 0.9 percent. respectively. The broader markets continued northward journey with the Nifty Midcap 100 and Smallcap 100 indices rising 1.3 percent and 0.9 percent. respectively.
Nifty:20926.35/19.95/0.1%;Candle:OF,Doji; Bank Nifty:47092.25/-5.3/-0.01% Candle:OF,Doji ; HB:OF,Doji, 1630,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long58%FutCash;4711;Opt98%
OI data Nifty ( max pain W20900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, National Aluminium Company, and Zee Entertainment Enterprises to its F&O ban list for December 14. SAIL was removed from the said list
Market wrap up(DWM,T,N,E):The market smartly recouped losses in the last couple of hours of trade and ended flat with a positive bias on December 13. With the 20,800-20,850 holding as support for the last six days and smart recovery today, the Nifty50 seems to be preparing for a march towards the 21,000-21,100 zone again, amid ongoing consolidation, experts said. On December 13, the BSE Sensex rose 34 points to 69,585, while the Nifty50 gained 20 points to 20,926 and formed a Doji candlestick pattern on the daily charts, indicating indecisiveness among buyers and sellers about the future market trends. “The dip was bought into indicating buying interest at lower levels. The hourly momentum indicator has reached the equilibrium line and is now on the verge of giving a positive crossover indicating that it can start a new cycle on the upside,” On the upside, he feels an immediate hurdle is placed at 21,000-21,050, however, once it closes above that it can witness a quick surge to 21,202-21,447. On the downside, Wednesday’s low of 20,770 is a crucial support from a short-term perspective, Gedia said. Kunal Shah, senior technical & derivative analyst at LKP Securities also feels the overall market sentiment remains bullish, and considering the current levels, traders are advised to initiate fresh long positions. The broader markets also traded strongly with the Nifty Midcap 100 and Smallcap 100 indices rising 0.9 percent each on positive breadth, while the fear index India VIX dropped by 5 percent to 12.07 levels.
Nifty:20906.4/-90.7/-0.43%;Candle:OF,Short day red; Bank Nifty:47097.55/-216.7/-0.46% Candle:OF,Short day red ; HB:OF,Short day red,1634,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;77;Opt%
OI data Nifty ( max pain W20950M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Zee Entertainment Enterprises to its F&O ban list for December 13, while retaining Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, National Aluminium Company, and SAIL to the said list.
Market wrap up(DWM,T,N,E):he market participants seem to have turned cautious ahead of the FOMC meeting outcome and preferred to take profits off the table on December 12. Overall, the Nifty50 remained rangebound taking support at 20,850-20,800 levels and facing resistance at 21,000-21,100 levels, hence as long as the index holds this immediate support, the rangebound trade may continue and if it trades above 21,000 for a few days, then another leg of the rally can be possible, experts said. On December 12, the BSE Sensex fell 378 points to 69,551, while the Nifty50 declined 91 points to 20,906 and formed a bearish candlestick pattern which somewhat resembles a Bearish Engulfing kind of pattern on the daily charts (not exactly one), the trend reversal pattern. From a technical point of view, “there has been a mere alteration in the price chart for Nifty, but the recent candlestick formations certainly showcased the exhaustion of the bullish strength and might attract price-wise correction post the rally,” As far as levels are concerned, he feels 20,850-20,800 is likely to be seen as immediate support, followed by the bullish gap around 20,700. On the flip side, “21,000-21,040 withholds a significant hurdle, followed by the 21,100 zone,” Nifty is likely to consolidate over the next few trading sessions. Overall, “the trend is positive, and the current dip should be used as a buying opportunity,” The market breadth was in favour of bears, but the broader markets had a mixed trend. About 1,371 equity shares declined against 758 advancing shares on the NSE. The Nifty Midcap 100 index was up 0.4 percent and Smallcap 100 index gained 0.03 percent.
Nifty:20997.1/27.7/0.13%;Candle:OF,Doji; Bank Nifty:47314.25/52.25/0.11% Candle:OF,Doji ; HB:OF,Doji,1653
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long57%FutCash;1261;Opt96%
OI data Nifty ( max pain W20900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added India Cements to its F&O ban list for December 12, while retaining Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, National Aluminium Company, and SAIL to the said list. Zee Entertainment Enterprises was removed from the said list.
Market wrap up(DWM,T,N,E):The market made a new record high and closed higher but failed to sustain above the 21,000 mark on the Nifty50 due to profit-taking and rangebound trade on December 11. Experts expect the consolidation to continue as long as the Nifty stays below 21,000 with immediate support at 20,850 but sees the 21,500 mark on the higher side if the index closes firmly above 21,000 in the coming days. On December 11, the benchmark indices started off the week on a positive note, though it was a rangebound session. The BSE Sensex climbed 103 points to 69,929, while the Nifty50 gained 28 points to 20,997 and formed a small-bodied bullish candlestick pattern with upper & lower shadows, which resembles the Spinning Top kind of candlestick pattern on the daily charts, indicating indecisiveness among bulls and bears about the future market trend, though higher highs, higher lows formation continued for the second consecutive session. “This is indicating a narrow range movement in the market for the last three sessions, after a sharp up move of the early part of December,” the overall positive chart pattern of Nifty remains intact and there is a possibility of Nifty continuing its upward journey without showing any major breakdown in the near term. A decisive move above the 21,000 mark could open the next upside target of 21,550, while immediate support is placed at 20,850 levels, The broader markets outperformed frontline indices on positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained 0.7 percent and 0.8 percent respectively.
Nifty:20969.4/68.25/0.33%;Candle:OF,Short day green; Bank Nifty:47262/420/0.9% Candle:OF,Short Day green ; HB:OF,short day green,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long58%FutCash;3632;Opt99%
OI data Nifty ( max pain W20900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
he NSE has added Hindustan Copper to its F&O ban list for December 11, while retaining Balrampur Chini Mills, Delta Corp, Indiabulls Housing Finance, National Aluminium Company, SAIL and Zee Entertainment Enterprises to the said list. India Cements was removed from the said list.
Market wrap up(DWM,T,N,E):After hitting the new milestone of 21,000 mark and having one-way rally in the recent past, the market is expected see some more consolidation and rangebound trade in coming days, with immediate resistance at 21,000-21,100 levels and support at 20,850, followed by 20,700-20,500 levels, experts said, adding that overall tone remains positive as long as the index holds 20,500. On December 8, the benchmark indices saw record closing highs. The BSE Sensex climbed 304 points to 69,826, while the Nifty50 rose 68 points to 20,969 and formed small-bodied bullish candlestick pattern with upper and lower shadows, which resembles High Wave kind of candlestick pattern on the daily charts. “The momentum indicator though is still not in sync, which suggests caution at higher levels. The ideal strategy to trade is to hold on to long positions with a trailing stop-loss mechanism,” On the downside, he feels the crucial support is placed at 20,860 – 20,800 and a dip towards this zone should be used as a buying opportunity as the overall trend is still positive. On the upside, immediate hurdle is placed at 21,060 – 21,100, Despite occasional consolidation, Arvinder Singh Nanda, Senior Vice President at Master Capital Services also feels the momentum remains strong. “Key obstacles are identified at the 21,000-21,100 levels, with a crucial support base at 20,600,” he said. However, the broader markets underperformed the frontline indices and the breadth was in favour of bears. The Nifty Midcap 100 was down 0.2 percent and Smallcap 100 index fell over 1 percent.
Nifty:%;Candle:; Bank Nifty:% Candle:OGU,Short day red ; HB:
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long55%FutCash;;Opt98%
OI data Nifty ( max pain W20850M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added SAIL to its F&O ban list for December 7, while retaining Delta Corp, Indiabulls Housing Finance, India Cements and Zee Entertainment Enterprises to the said list.
Market wrap up(DWM,T,N,E):After a consistent run-up for the last seven consecutive sessions and the formation of a Dragonfly Doji kind of candlestick pattern (indicating the possibility of trend reversal) along with a bearish crossover in hourly charts and increasing volatility, experts expect some kind of consolidation with the index facing resistance at 21,000 mark while taking support at 20,800-20,500 area.On December 5, the BSE Sensex climbed 358 points to 69,654, and the Nifty50 jumped 83 points to 20,938, taking the total seven-day gains to 3,684 points and 1,143 points, respectively. “The bearish formation around the crucial resistance of 21,000 amplifies the bearish sentiment. The support lies at 20,850, below which the market may witness a healthy correction in the short term,” On the other hand, he feels a move above 21,000 might trigger a resumption of the bullish trend. According to Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas, the psychological 21,000 mark can provide some resistance for the Nifty50 over the next few trading sessions. Also, on the hourly charts, the momentum indicator has a negative crossover which indicates a loss of momentum on the upside. Considering the sharp runup in the previous few trading sessions a consolidation is highly likely,” J On the upside, he feels 21,000-21,060 shall act as an immediate hurdle zone and 20,800-20,730 shall act as a crucial support zone. The market breadth largely remained equal on the NSE, while India VIX, which measures the expected volatility for the next 30 days in the Nifty50, rose by 2.09 percent to 13.74, the highest closing level since March 28 this year.
