Nifty:%;Candle:OGU,Doji; Bank Nifty:% Candle:OGU,Doji ; HB:OGU,Doji,1537,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Punjab National Bank, Indiabulls Housing Finance, Delta Corp, and Manappuram Finance to its F&O ban list for October 9.
Market wrap up(DWM,T,N,E):The market clawed back above 10-day EMA (exponential moving average placed at 19,627) as well as 50-day EMA (19,560) on the Nifty50 after the positive trend in last couple of sessions, and is now on the verge of 20-day EMA (19,662). Once it gets back and sustains above the 20-day EMA, then 19,800 can’t be ruled out, till then 19,600-19,500 is expected to act as a support area, experts said. On October 6, the day of MPC (Monetary Policy Committee) meeting outcome, wherein the status quo on policy rates was maintained with clear focus on arresting inflation within the 4 percent target, the BSE Sensex jumped 364 points to 65,996, while the Nifty50 rose 108 points to 19,654 and formed bullish candlestick pattern with minor upper & lower shadows on the daily charts. “On the daily charts we can observe that the Nifty has managed to close above the 40-day moving average (19,610), which is a bullish sign. On the weekly charts, we can observe that the Nifty has closed in the green and in term of pattern it has formed a Dragonfly Doji, which has bullish implications,” this pullback to continue till 19,778 – 19,800, where resistance in the form of the 50 percent Fibonacci retracement level and the 20-day moving average is placed. In the case of a dip towards 19,530 – 19,580 it should be used as a buying opportunity , Buying was also seen in broader markets on positive breadth, with the Nifty Midcap 100 and Smallcap 100 indices gaining 0.5 percent and 0.8 percent respectively. The fear index, India VIX, dropped to over 2-month low at 10.3 levels, down by 5.57 percent from 10.94 levels, which boosted bulls confidence.
Nifty:19545.75/109.65/0.56%;Candle:OGU,Doji; Bank Nifty:44213.35/249.3/0.51% Candle:OGU,Doji ; HB:OGU,Doji,1537,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long26%FutCash;-1864;Opt82%
OI data Nifty ( max pain W19550M)
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 October 6, while retaining Indiabulls Housing Finance, Delta Corp, and Manappuram Finance to the said list.
Market wrap up(DWM,T,N,E):The market rebounded smartly after couple of days of correction and climbed back above the 19,500 mark on October 5, with formation of bullish candlestick pattern on the Nifty on the daily charts. If the index sustains this uptrend in coming session then it may face hurdle at 19,600-19,700 levels, whereas on the lower side 19,400-19,350 can be key support, The positive signals from PMI data, and fall in oil prices seem to have boosted sentiment, while in terms of sectors, banking & financial services and technology stocks supported the market. The benchmark indices had a gap up opening, with the BSE Sensex rising 406 points at 65,632, and the Nifty50 climbing 110 points to 19,546, ahead of the outcome of Monetary Policy Committee scheduled on October 6. “The opening downside gap of Wednesday and the opening upside gap of Thursday are unfilled, which is indicating a formation of bullish ‘island reversal’ type pattern as per hourly/daily timeframe chart. This is positive indication for the short term and it opens potential upside pattern target of 19726 levels for the short term,” The broader negative chart pattern like lower tops and bottoms is intact as per daily timeframe chart and further upside from here could open chances of new lower top formation, “The display of further strength in current upside bounce could possibly pull Nifty towards 19,726 levels. Any failure to sustain the highs is expected to trigger fresh weakness from the lower highs,” On the broader markets front, the Nifty Midcap 100 index was flat and the Nifty Smallcap 100 index rose 0.6 percent amid positive breadth. The volatility cooled down considerably with the India VIX declining 5.94 percent to 10.94 levels.
Nifty:19436.1/-92.65/-0.47%;Candle:OGD,Doji; Bank Nifty:43964.05/-435/-0.98% Candle:OGD,Short day red ; HB:OGD,Long day red,1529.
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long25%FutCash;-4424;Opt86%
OI data Nifty ( max pain W19450M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Delta Corp, and Manappuram Finance to its F&O ban list for October 5, while retaining Indiabulls Housing Finance to the said list.
Market wrap up(DWM,T,N,E):The market extended losses for the second consecutive session with the Nifty50 breaking the upward-sloping support trendline and remaining below the 50-day and 20-day EMA (exponential moving average) on October 4. This indicates the possible continuity in short-term weakness, and if the index stays below 19,500, then the fall may reach 19,200, the low of August, while the formation of a Doji-kind of candlestick pattern on the daily charts at the downtrend may increase the chances of bounce-back. And getting back above 19,500 can lift the index towards 19,600-19,700 levels in coming sessions, experts said. The BSE Sensex plummeted 286 points to 65,226, while the Nifty50 declined 93 points to 19,436 and formed a small candle on the daily chart with almost identical open and close and with long lower shadow. Technically, this pattern indicates the formation of a Doji or Hammer-type candle pattern. Normally, the formation of such patterns after a reasonable decline or at the key supports signals a comeback of bulls from the lower levels, after the confirmation. Hence, a sustainable close above 19,500 is expected to confirm a short-term upside bounce for the market, Nagaraj Shetti, technical research analyst at HDFC Securities said. He feels that the short-term trend of the Nifty remains negative. “A decisive close above 19,500 levels could possibly open an upside bounce towards 19,650 levels in the near term. But, the inability to sustain the upside bounce or a decline below 19,330 is likely to trigger fresh weakness for the market ahead,” he said. The Nifty Midcap 100 and Smallcap 100 indices have seen more correction than benchmarks, falling 1.4 percent and 1.25 percent respectively on weak breadth.
Nifty:19638.3/114.75/0.59%;Candle:OGU,Doji; Bank Nifty:44584.55/283.6/0.64% Candle:OGU,DOji ; HB:OF,Doji,1528,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long28%FutCash;-1685;Opt91%
OI data Nifty ( max pain W19650M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has not added any stock to its F&O ban list for October 3.
Market wrap up(DWM,T,N,E):The market recouped more than half of its previous day’s losses on September 29, the first day of the October F&O series. The Nifty50 closed within the previous day’s range and formed a bullish candlestick pattern on the daily charts, known commonly as bullish harami pattern, at the downtrend, indicating the possibility of a rise in the coming sessions. The index consistently faced resistance at the 19,750 levels, which is expected to be crucial for further upside going forward, but failure to do the same can drag it towards 19,500 again, experts said. The BSE Sensex climbed 320 points to 65,828, and the Nifty50 gained 115 points to 19,638, after a day of steep fall. “The Nifty has formed a bullish harami candle on the daily chart. The index took support from the 50-day exponential moving average (DEMA) of 19,562 and moved up steadily,” that strong Put writing was observed at the 19,500 and 19,600 strikes that led to an up-move in the Nifty. The 19,500 level on the downside and the 19,800 level on the upside are the two key levels to track in the Nifty, and a decisive break on either side will provide cues about the future direction in the index, The broader markets rebounded sharply with the Nifty Midcap 100 and Smallcap 100 indices rising a percent each on positive breadth, which was in the 2:1 ratio, while the India VIX, which measures the expected volatility for next 30 days in the Nifty50, fell 10.68 percent to 11.45 levels from 12.82 levels, supporting the bullish sentiment. The market was shut on October 2 for Mahatma Gandhi Jayanti.
Nifty:19528.75/-109.55/-0.56%;Candle:OF,Doji; Bank Nifty:44399.05/-185.5/-0.42% Candle:OF,Doji ; HB:OF,Dojii, 1510,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long24%FutCash;;Opt89%
OI data Nifty ( max pain W19550M)
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 October 4.
Market wrap up(DWM,T,N,E):The market lost almost all its previous day’s gains and closed half a percent lower on October 3, but the Nifty50 smartly defended 19,500, which is expected to play a crucial role on either side of the trade. If it closes well below the 19,500 mark, then 19,300-19,200 can be a possibility, but holding the same can again raise hopes for a move towards 19,700-19,800 levels, experts said. The BSE Sensex declined 316 points to 65,512, while the Nifty50 dropped 110 points to 19,529 amid volatility and formed a bearish candlestick pattern with a minor lower shadow on the daily charts, making lower high, lower low formation. The index settled below the 50-day EMA (exponential moving average placed at 19,560). Towards the downside, the index found support at the ascending trendline on the daily chart. The sentiment looks pessimistic for the short term,” Looking ahead, he feels the level of 19,480 is expected to serve as a pivotal “make or break” point. If there is a decisive decline below 19,480, it might trigger heavy selling in the market, he said, adding on the upside, 19,600 will continue to remain a significant resistance level.However, the broader markets outperformed frontline indices, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.2 percent and half a percent respectively.
Nifty:19523.55/-192.9/-0.98%;Candle:OGU.Long day red; Bank Nifty:44300.95/-287.35/-0.64% Candle:OGU,Short day red ; HB:Of,Doji,1523,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long31%FutCash;-3364;Opt85%
OI data Nifty ( max pain W19600M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Market wrap up(DWM,T,N,E):The bears took control over Dalal Street on September 28, the monthly expiry day for futures & options contracts, dragging the benchmark index Nifty50 below 50-day EMA (exponential moving average placed at 19,559) which resulted in the formation of a Bearish Engulfing candlestick pattern on the daily charts. Hence, given the bearish sentiment prevailed in the market, the bears may push the index towards 19,220, the low of the August month if it decisively breaks 19,500 on a closing basis, while on the higher side, the index may face resistance at 19,600-19,700 area, experts said. “On the daily charts, we can observe that the Nifty has closed below the 19,600-19,550 zone where multiple supports were placed. This is a sign of further weakness,” Hence, on the way down, he feels the index can slip further towards 19,500-19,440 which is the 78.6 percent Fibonacci retracement level of the rise from 19,224-20,222. Daily and hourly momentum indicator has a negative crossover which is a sell signal, he said. Thus, he feels both price and momentum indicators suggest that there is a further downside possible over the next few trading sessions. In terms of levels, 19,500-19440 is the crucial support zone while 19,625-19,650 will act as an immediate hurdle zone. The broader markets were under selling pressure with the Nifty Midcap 100 and Smallcap 100 indices falling 1.3 percent and 0.4 percent, respectively, while the fear index, India VIX, jumped to a four-month high, up 10.68 percent at 12.82 levels.
Nifty:19716.45/51.75/0.26%;Candle:OF,Doji; Bank Nifty:44588.3/-35.9/-0.08% Candle:OGD,Doji ; HB:OF,Doji,1526,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long45%FutCash;-354;Opt92%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Delta Corp and India Cements to its F&O ban list for September 28. Balrampur Chini Mills, Canara Bank, Hindustan Copper, and Indiabulls Housing Finance removed from the said list.
Market wrap up(DWM,T,N,E):The market recorded a strong rebound from its 50-day EMA (exponential moving average) placed at around 19,550 and formed a bullish candlestick pattern with a long lower shadow which resembles a Bullish Engulfing pattern formation at the downtrend on the daily timeframe on September 27, indicating sign of reversal. Hence, the Nifty50 may face a hurdle at 19,800-20,000 levels in coming sessions, with support at 19,600-19,500. The BSE Sensex climbed 173 points to 66,119, while the Nifty50 was up 52 points at 19,716, after consolidation in the previous two sessions, ahead of the monthly F&O expiry on September 28. “Technically, Wednesday’s market action is indicating the formation of a Bullish engulfing pattern. Normally such patterns after a reasonable decline or near the supports signal chances of upside bounce in the underlying post confirmation,” After the rangebound movement in the last few sessions, the market showed a false downside breakout of the range in the early part of Wednesday before witnessing a sharp intraday upside bounce. Hence, there is a higher possibility of upside breakout of the narrow range at 19,750 levels, according to Shetti. a follow-through upmove could confirm a short-term higher bottom reversal pattern. “Immediate support is placed around 19,600-19,550 levels and a decisive move above the hurdle of 19,750 levels could pull the Nifty towards 19,950-20,000 levels.” The broader markets also traded higher though the breadth was not strong enough. The Nifty Midcap 100 index jumped 0.75 percent and Smallcap 100 index gained nearly 1 percent.
Nifty:19664.7/-9.85/-0.05%;Candle:OF,Doji; Bank Nifty:44624.2/-141.9/-0.32% Candle:OF,Doji ; HB:OF,Doji,1538,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long48%FutCash;-637;Opt89%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Delta Corp and India Cements to its F&O ban list for September 27, while retaining Balrampur Chini Mills, Canara Bank, Hindustan Copper, and Indiabulls Housing Finance to the list. Granules India was removed from the said list.
Market wrap up(DWM,T,N,E):The market ended another lacklustre session on a flat note with a negative bias on September 26. Overall, the benchmark indices traded within the previous day’s range and the trading range narrowed compared to the previous session, indicating the possibility of a sharp move on either side of the trade in the coming sessions. On the higher side, the Nifty may face resistance at 19,800, while in case of correction, it may get support at 19,600-19,500 levels, experts said. The BSE Sensex declined 78 points to 65,945, while the Nifty50 dropped 10 points to 19,665 and formed a small-bodied bearish candlestick pattern with minor upper & lower shadows. “A small body of negative candle was formed on the daily chart with minor upper and lower shadows. Technically, this pattern shows a squeeze type formation, where the underlying prepares to show big moves on either side eventually,” After the formation of a Doji-type candle pattern on Monday, the market was expected to show a reasonable upside bounce in the subsequent session. Hence, an inability of bulls to witness any sustainable upside bounce from here could eventually result in a decisive downside breakout of the present range movement, he feels. The high-low areas to be watched for the short term are around 19,750-19,600 levels, he said. The broader markets had a mixed trend, with the Nifty Midcap 100 index falling 0.2 percent and Smallcap 100 index rising 0.6 percent.
Nifty:19674.55/0.3/0.03%;Candle:OGU,Long day green; Bank Nifty:44766.1/154.05/0.35% Candle:OGU,Doji ; HB:OGU,Long day green
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long49%FutCash;-2333;Opt91%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Balrampur Chini Mills to its F&O ban list for September 26, while retaining Canara Bank, Granules India, Hindustan Copper, and Indiabulls Housing Finance to the list. Delta Corp, and Manappuram Finance were removed from the said list.
Market wrap up(DWM,T,N,E):The formation of the Doji candlestick pattern on September 25 after consistent selling in the previous four sessions indicates the possibility of a bounce-back. Hence, the Nifty50 may march towards 19,800 in case of a bounce and sustainability of uptrend may take it towards the 20,000 mark, whereas the 19,600-19,500 is expected to remain a key support area, experts said. The benchmark indices closed flat with a positive bias amid volatility. The BSE Sensex was up 14.5 points at 66,024, and the Nifty50 gained 0.2 points at 19,674.5, while the Nifty Midcap 100 and Smallcap 100 indices rose 0.66 percent and 0.04 percent, respectively. “The present chart pattern on the Nifty50 indicates the formation of a Doji-type candle pattern at the swing lows. Normally, such Doji formations after a reasonable decline alert for a bounce back from the lows. A sustainable positive close in the subsequent session is likely to confirm an upside bounce for the market,” The Nifty is currently placed near the support of the 20-week EMA (exponential moving average) around 19,580. “The said moving average has offered strong support for the Nifty for the past 3-4 months. Hence, there is a possibility of an upside bounce in the near term,” Shetti said, adding that at the highs, the market could find strong resistance around 19,850 levels. Immediate support to be watched is around 19,600-19,550 levels, he said.
Nifty:19674.25/-68.1/-0.34%;Candle:OF,Short day red; Bank Nifty:44612.05/-0.24/-0.29% Candle:OF,Doji ; HB:OF,Long day red,1529,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long53%FutCash;-1326;Opt88%
OI data Nifty ( max pain W19750M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Canara Bank, and Granules India to its F&O ban list for September 25, while retaining Delta Corp, Hindustan Copper, Indiabulls Housing Finance and Manappuram Finance to the list. Balrampur Chini Mills, BHEL, Punjab National Bank and Zee Entertainment Enterprises were removed from the said list.
Market wrap up(DWM,T,N,E):The southward journey in the equity benchmarks continued for fourth consecutive session on September 22, especially immediately after hitting record high. Considering the breaking of 21-day EMA (exponential moving average placed at 19,761) with lower highs, lower lows formation for four days in a row and bearish crossover in the momentum indicator RSI (relative strength index), the volatility with a negative bias is likely to continue in coming sessions, experts said. According to them, the 19,500-19,600, which coincides with the 50-day EMA may act as crucial support for the Nifty50 in the near term, while it may face resistance at 19,800-20,000 levels. On September 22, the BSE Sensex was down 221 points at 66,009, while the Nifty50 fell 68 points to 19,674 and formed a bearish candlestick pattern with minor upper shadow on the daily charts, indicating selling at higher levels. “Nifty experienced consistent selling pressure throughout the last week, resulting in a decline of 2.80 percent from its all-time high. This recent correction has caused it to dip below the critical 21-day exponential moving average (21EMA),” the sentiment appears bearish at this point, with a key support level identified at 19,600. A breach below 19,600 could potentially initiate a more significant market correction. On the upside, 19,800 is expected to serve as a resistance level,
