Nifty:19694/-37.8/-0.19%;Candle:OF,Doji; Bank Nifty:43584.95/1/0% Candle:OF,Doji ; HB:OF,Doji,1505,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long20%FutCash;-645;Opt88%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added BHEL, Indiabulls Housing Finance, and NMDC to its F&O ban list for November 21, while retaining Chambal Fertilisers and Chemicals, Delta Corp, Hindustan Copper, India Cements, Manappuram Finance, MCX India, RBL Bank, and Zee Entertainment Enterprises in the list.
Market wrap up(DWM,T,N,E):The market ended yet another consolidative session on a negative note on November 20 but remained within the broad range of 19,600-19,875. Until the index holds 19,600-19,550 as a support, the ongoing consolidation is likely to break out on the higher side with resistance at the 19,850-19,900 mark, experts said. On November 20, the BSE Sensex dropped 140 points to 65,655, while the Nifty50 declined 38 points to 19,694 and formed a small bearish candlestick pattern with minor upper & lower shadows on the daily charts. “On the downside, the Nifty is approaching the crucial support zone of 19,650 – 19,600 where multiple support parameters in the form of the 40-hour moving average and the lower end of the rising channel is placed,” the Nifty to hold on to this support. The hourly momentum indicator has a negative crossover and has reached the equilibrium line indicating that the correction has matured and can start a new cycle on the upside, he feels. According to Gedia, “19,900-19,930 is the immediate resistance zone”. Kunal Shah, senior technical & derivative analyst at LKP Securities feels despite the consolidation, the broader picture remains bullish, with major support identified in the 19,550-19,500 zone. The broader markets remained flat with the Nifty Midcap 100 index rising 0.11 percent and Smallcap 100 index falling 0.07 percent. The breadth was slightly in favour of bears on the NSE.
Nifty:19731.8/-33.4/-0.17%;Candle:OGD,Short day green; Bank Nifty:43583.95/-577.6/-1.31% Candle:OGD,Doji ; HB:OGD,Short day green,1505,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long21%FutCash;-477;Opt88%
OI data Nifty ( max pain W19750M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added RBL Bank to its F&O ban list for November 20, while retaining Chambal Fertilisers and Chemicals, Delta Corp, Hindustan Copper, India Cements, Manappuram Finance, MCX India, and Zee Entertainment Enterprises in the list. SAIL has been removed from the F&O ban.
Market wrap up(DWM,T,N,E):The equity benchmarks ended lower on November 17, succumbing to selling pressure at higher levels, with the Sensex closing 188 points down at 65,795 and the Nifty 33 points to end at 19,732. The broad-based Nifty, which faced stiff resistance at 19,800-19,850, is expected to consolidate for a few days before getting into action mode, experts said. The Nifty will have to hold the crucial support of 19,600-19,450. If the index manages to go past 19,850 decisively, it can even cross the 20,000 mark, “The hourly momentum indicator has a negative crossover which indicates that the consolidation can continue over the next few trading sessions. The Bollinger bands on the hourly charts are also contracting, indicating that there could be rangebound moves going ahead,” On the downside, 19,630 – 19,600 is the support and this zone is crucial to hold on to for the uptrend to continue, The market breadth favoured bulls with 1,079 advancing shares and 1,048 declining on the NSE.
Nifty:19765.2/89.75/0.46%;Candle:OF,Long day green; Bank Nifty:44161.55/-40.15/-0.09% Candle:OF,Doji ; HB:OF,Doji,1508,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long23%FutCash;957;Opt85%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Chambal Fertilisers and Chemicals, India Cements, Manappuram Finance a to its F&O ban list for November 17, while retaining Delta Corp, Hindustan Copper, MCX India, SAIL, and Zee Entertainment Enterprises in the said list. Indiabulls Housing Finance removed from the said F&O ban.
Market wrap up(DWM,T,N,E):The market closed off day’s high due to profit booking in banks and FMCG counters after the Nifty went above 19,850, the crucial resistance area, but sustained uptrend for yet another session on November 16, the weekly F&O expiry day. Hence, if the index manages to close and sustain above 19,850 levels, then 20,000 mark can’t be ruled out on the Nifty50 in coming days, with support at 19,600-19,500 zone, experts said. The BSE Sensex jumped 307 points to 65,982, while the Nifty50 rose 90 points to 19,765 and formed bullish candlestick pattern with long upper shadow & minor lower shadow on the daily scale. Technically, this pattern indicates an emergence of selling pressure from the crucial hurdle of 19,850 levels. “Positive chart pattern like higher tops and bottoms is intact on the daily chart. Having reacted down from the key resistance on Thursday, there is a possibility of some more consolidation or minor weakness for the market in coming sessions,” At the lower levels, he feels the Nifty is expected to find support around 19,600-19,550 levels. On the broader markets front, the Nifty Midcap 100 and Smallcap 100 indices gained 0.8 percent and 0.6 percent, respectively.
Nifty:19675.45/231.9/1.19%;Candle:OGU,Short day green; Bank Nifty:44201.7/310.45/0.71% Candle:OGU,Short day red ; HB:OGU,Short day green,1506,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;550;Opt%
OI data Nifty ( max pain W19650M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added MCX India to its F&O ban list for November 16, while retaining Delta Corp, Hindustan Copper, Indiabulls Housing Finance, SAIL, and Zee Entertainment Enterprises in the said list. Manappuram Finance and Chambal Fertilisers and Chemicals removed from the said F&O ban.
Market wrap up(DWM,T,N,E):After the market witnessing a decisive breakout of previous seven-day consolidation range and climbing more than 1 percent on November 15, will the index extend northward journey? Possibly yes, but there would be some kind of consolidation around current levels and then the Nifty50 may march towards 19,850, the crucial resistance area seen for the month of October, with key support at 19,600-19,500 levels, experts said , The BSE Sensex jumped 742 points to 65,676 as buying was seen across sectors. The positive global cues after favourable US & China data also boosted sentiment and pushed the Nifty50 far above 19,600 mark. The Nifty50 settled at 19,676, up 232 points or 1.19 percent, the biggest single-day gains since March 31, after a decisive breakout of falling resistance trendline. The index has strong positive opening. The index has formed bullish candlestick pattern with long lower shadow and minor upper shadow on the daily scale. “The Nifty is now stretching higher towards 19,800 – 19,850 where resistance in the form of the daily upper Bollinger band and the previous swing high is placed,” The daily and hourly momentum indicator has a positive crossover, which is a buy signal and hence intraday dips should be bought into, he advised In terms of levels, he feels 19,580– 19,550 is the crucial support zone while 19,800 – 19,850 is the immediate hurdle zone from short term perspective. The market breadth was positive, helping the benchmark indices also trade strong. The Nifty Midcap 100 and Smallcap 100 indices gained 1 percent and 1.32 percent respectively.
Nifty:19443.85/-82/-0.42%;Candle:OGD.Short day red,; Bank Nifty:43891.25/-105.4/-0.24% Candle:OGD,Doji ; HB:OGD,1490,Short day red,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long19%FutCash;-1244;Opt89%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Hindustan Copper, Indiabulls Housing Finance, and SAIL to its F&O ban list for November 15, while retaining Chambal Fertilisers and Chemicals, Delta Corp, Manappuram Finance, and Zee Entertainment Enterprises in the said list. GNFC (Gujarat Narmada Valley Fertilizers and Chemicals), and MCX India removed from the said F&O ban.
Market wrap up(DWM,T,N,E):After moving closer to the key resistance of 19,550 on Muhurat trading day, the Nifty50 caught into profit booking amid consolidation in the following session on November 13. The index fell a tad below the 50-day EMA (exponential moving average) of 19,447. Will it manage to get back decisively above the 19,550 resistance? According to experts, as long as the index holds 19,300 as strong support, the upmove towards 19,550-19,600 is possible after the current consolidation, which can pave the way for the October high of 19,850. The BSE Sensex fell 326 points to 64,934, while the Nifty50 declined 82 points to 19,444 and formed a bearish candlestick pattern on the daily charts. Also, the index filled the opening upside gap of Sunday’s Muhurat trading session. The Nifty is currently placed at the hurdle of a down trendline at 19,550 and is consolidating around the resistance. the near-term trend of the Nifty continues to be positive. “Having placed at the crucial overhead resistance around 19,550-19,600, there is a possibility of some more consolidation or minor weakness in the short term before showing any decisive upside breakout of the resistance. Further weakness from here could find support around 19,300-19,250 levels,” The broader markets remained positive despite negative breadth. The Nifty Midcap 100 index was up 0.07 percent and Smallcap 100 index rose 0.7 percent.
Nifty:19425.35/30.05/0.15%;Candle:OGD,Short day green; Bank Nifty:43820.1/136.5/0.31% Candle:OGD,Long day green ; HB:OGD,Short day green,1492,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long18%FutCash;-261;Opt89%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Manappuram Finance and Zee Entertainment Enterprises to its F&O ban list for November 12, while retaining Chambal Fertilisers and Chemicals, Delta Corp, GNFC (Gujarat Narmada Valley Fertilizers and Chemicals), and MCX India in the said list.
Market wrap up(DWM,T,N,E):
The market has seen stiff resistance in the 19,450-19,500 zone, which coincides with 50-day EMA (exponential moving average – 19,450), whereas, 21-day EMA of 19,370 points continued to act as a healthy support line for the Nifty50, followed by the 100-day EMA of 19,300 as a critical support. Given the positive bias on the technical as well as fundamental ground, will the index continue to trade on the higher side? Yes. With likely resistance at 19,550-19,600 though, there is a possibility of a rangebound and volatile session, experts said. The BSE Sensex gained 72 points to reach 64,905, while the Nifty50 added 30 points to 19,425 and formed a bullish candlestick pattern on the daily charts, while on the weekly charts, there was a bullish candlestick pattern formation, negating its lower highs of the last two weeks. “The Nifty showed volatility throughout the day, rebounding above the 21-day exponential moving average. However, the substantial open interest (OI) buildup at 19,500, particularly from Call writers, suggests a protective barrier that may impede further upward movement for the Nifty,” On the downside, he feels, Put writers are likely to safeguard the 19,400 levels. “We anticipate a market confined within a range on the Muhurat Trading Day,” he said. The overall setup is stabilising with support-based buying but lack of momentum is making the upside capped, Chandan Taparia, senior vice-president and derivatives analyst at Motilal Oswal Financial Services, said. The Nifty50 has to hold above the 19,400 level to make an up-move towards 19,550 and 19,600, whereas supports are gradually shifting higher and are placed at 19,333 and then 19,250. The broader markets outperformed the benchmark indices, with the Nifty Midcap 100 and Smallcap 100 indices rising half a percent each.
Nifty:19395.3/48.2/0.25%;Candle:OF,Short day red; Bank Nifty:43683.6/24.95/0.06% Candle:OF,Doji ; HB:OF,Doji,1487
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long19%FutCash;-1712;Opt83%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Oil and Natural Gas Corporation, Mahindra & Mahindra, Coal India, Hindalco Industries, Eicher Motors, Life Insurance Corporation of India, Biocon, Blue Jet Healthcare, Edelweiss Financial Services, Glenmark Pharmaceuticals, Hindustan Aeronautics, Hindustan Copper, Ipca Laboratories, Jupiter Life Line Hospitals, Rashtriya Chemicals & Fertilizers, Steel Authority of India, Sun TV Network, and Tata Chemicals will announce September quarter earnings on November 10.
The NSE has added Chambal Fertilisers and Chemicals, and MCX India to its F&O ban list for November 10, while retaining Delta Corp and GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) in the said list.
Market wrap up(DWM,T,N,E):The market wiped out previous day’s gains and closed tad below 19,400 after facing strong resistance at 19,450-19,500 levels for yet another session, but still remained in the broader range of 19,300-19,500 levels. Will the current rangebound trade continue in coming sessions?, yes, “we can observe that the Nifty is consolidating the range 19,400 – 19,500 where resistance in the form of the key daily moving averages are placed, which restricts the upside. On the downside, the gap area formed in the range 19,280 – 19,310 is a crucial support from short term perspective,” unless the range is decisively breached on either side, one can expect the rangebound action to continue. “Regarding levels, 19,460 – 19,500 is the immediate hurdle zone while 19,280 – 19,310 is the crucial support zone.” On November 9, the Nifty50 fell 48 points to 19,395 and formed bearish candlestick pattern on the daily charts, but still held above 21-day EMA (exponential moving average – 19,367), while the BSE Sensex slipped 143 points to 64,832. However, the Nifty Midcap 100 index continued its uptrend for sixth consecutive session, rising 0.2 percent, but the Nifty Smallcap 100 index snapped five-day gains, falling 0.24 percent.
Nifty:19443.5/36.8/0.19%;Candle:OGU,Doji; Bank Nifty:43658.65/-79.25/-0.18% Candle:OF ; Short day red . HB:OF,Short day green,1491,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long19%FutCash;-84;Opt86%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Adani Ports and Special Economic Zone, Aurobindo Pharma, Bosch, ABB India, Zee Entertainment Enterprises, Aditya Birla Fashion and Retail, Apollo Hospitals Enterprise, Ashok Leyland, Bajaj Consumer Care, Engineers India, GlaxoSmithKline Pharmaceuticals, IRM Energy, Lemon Tree Hotels, Samvardhana Motherson International, Muthoot Finance, NALCO, Page Industries, Rail Vikas Nigam, Sula Vineyards, and Torrent Power will release quarterly earnings scorecard on November 9.
The NSE has added Delta Corp to its F&O ban list for November 9, while retaining GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) in the said list.
Market wrap up(DWM,T,N,E):The Nifty50 continued to see formation of Doji pattern for yet another session, indicating indecisiveness among bulls and bears about the future market trend, but the index continued higher highs and higher lows formation for the fifth consecutive session on November 8. Hence, will the Nifty50 march towards 19,550-19,600 levels? The Nifty50 is required to decisively break 19,450, the critical resistance which coincides with the 50-day EMA (exponential moving average) for further upmove towards 19,550-19,600, but in case it breaches 19,400, then the correction can be possible up to 19,300-19,250, the current support area, experts said. The Nifty50 is required to decisively break 19,450, the critical resistance which coincides with the 50-day EMA (exponential moving average) for further upmove towards 19,550-19,600, but in case it breaches 19,400, then the correction can be possible up to 19,300-19,250, the current support area, experts said. “This market action indicates the formation of a Doji-type candle pattern, which is back-to-back for two sessions. This signals a confused state of mind among market participants,” The opening upside gap of November 2, November 3 and November 6 remains intact on the daily chart and the immediate resistance of 19,300 has already been broken on the higher side. “The overall chart pattern remains positive and one may expect Nifty to advance towards 19,600 levels in the short term. Any dips from here could be a buying opportunity around 19,300-19,250 levels,” The Nifty Midcap 100 and Smallcap 100 indices continued to perform better than benchmarks, rising 1 percent and 0.7 percent respectively.
Nifty:19406.7/5.05/0.03%;Candle:OF,Doji; Bank Nifty:43737.9/118.5/0.27% Candle:OGD,Short day green, ; HB:OGD, Short day red,1487,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long20%FutCash;-497;Opt91%
OI data Nifty ( max pain W19.350M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Lupin, Tata Power Company, Oil India, 63 Moons Technologies, Bata India, BHEL, CESC, Mazagon Dock Shipbuilders, MCX India, MTAR Technologies, Nazara Technologies, The New India Assurance Company, Patanjali Foods, Power Finance Corporation, Pidilite Industries, PI Industries, Raymond, Shree Renuka Sugars, Samhi Hotels, United Spirits, and Welspun Corp will release September quarter earnings on November 8.
The NSE has retained GNFC (Gujarat Narmada Valley Fertilizers and Chemicals) on its F&O ban list for November 8.
Market wrap up(DWM,T,N,E):The market took a breather after a three-day run up and ended flat with a negative bias, but held above 19,400. Will it indicate rangebound trade or further upmove above 50-day EMA in coming days? The rangebound trade is likely to continue with 19,400 seeming to be acting as a crucial role for either side of trend. If the index holds the same, then it will surpass 19,450 (50-day EMA – exponential moving average) followed by hurdle at 19,500-19,600, whereas on the lower side, 19,300 will be immediate support for the Nifty50, experts said. On November 7, the BSE Sensex fell 16 points to 64,942, while the Nifty50 declined five points to 19,407 and formed Doji kind of candlestick pattern as well as Tweezer Top kind of pattern on the daily charts, indicating the possibility of some kind of reversal. Hence, the move in next session will be the key to watch. “Normally, such Doji formation at the swing highs or lows calls for impending trend reversals for the underlying. Having formed this pattern beside the long bull candle of Monday signal chances of range bound movement in the market,” The larger degree of lower tops and bottoms is intact as per daily timeframe chart and currently, Nifty is moving up towards the new lower top formation of the sequence. Still there is no confirmation of any lower top reversal pattern yet at the highs, At the higher levels, he said the market could encounter strong resistance around 19,500-19,600 levels in the short term. “Immediate support is placed at 19,320 levels.” The broader markets continued their uptrend for fourth consecutive session, with the Nifty Midcap 100 and Smallcap 100 indices gained 0.3 percent and 0.75 percent respectively, while the market breadth was slightly in favour of bulls.
