Nifty:19742.35/-159.05/-0.8%;Candle:OGD,Short day red; Bank Nifty:44623.85/-760.75/-1.68% Candle:OGD,Long day red ; HB:OGD,Short day green,1554,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long56%FutCash;-3007;Opt86%
OI data Nifty ( max pain W19800M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Balrampur Chini Mills, BHEL, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, Manappuram Finance, Punjab National Bank and Zee Entertainment Enterprises to its F&O ban list for September 22. Chambal Fertilizers & Chemicals removed from the said list.
Market wrap up(DWM,T,N,E):The market is expected to see further selling pressure in coming sessions, given the back-to-back gap down moves, with the Nifty50 falling towards 19,600-19,500 levels. However, in case of bounce back, the resistance for the index could be in the range of 19,800-20,000 levels, experts said. The BSE Sensex plunged 571 points to 66,230 after the hawkish commentary by the Federal Reserve chair, while the Nifty50 was down 159 points at 19,742 and formed bearish candlestick pattern on the daily charts with momentum indicator RSI (relative strength index) remaining in negative crossover. “The Nifty index closed below the 20-day EMA (exponential moving average – 19,780), signaling a diminishing bullish sentiment. Weakness appears evident with a bearish crossover in the RSI,” the selling on rallies remains the favoured strategy as long as it stays below 20,000. On the downside, the support is situated in the range of 19,700-19,630, The broader markets also continued to correct further, with the Nifty Midcap 100 and Smallcap 100 indices declining 0.9 percent and 1.3 percent respectively, with breadth in favour of bears in the 1:3 ratio.
Nifty:19901.4/-231.9/-1.15%;Candle:OGD,Short day red; Bank Nifty:45384.6/-595.25/-1.29% Candle:OGD,Doji ; HB:OGD,Long day red,1566,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long61%FutCash;-3111;Opt90%
OI data Nifty ( max pain W19950M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has retained Balrampur Chini Mills, BHEL, Chambal Fertilizers & Chemicals, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, Manappuram Finance, Punjab National Bank and Zee Entertainment Enterprises to its F&O ban list for September 21. Indian Energy Exchange was removed from the said list.
Market wrap up(DWM,T,N,E):After a sharp downward move, the bears turned active given the negative crossover on the RSI (relative strength index) and may take the Nifty50 further down up to the 20-day EMA (exponential moving average) placed at 19,780. But if the index takes support at the horizontal resistance trendline which coincides with Wednesday’s low in coming sessions, then a rebound towards 20,000-20,100 levels can’t be ruled out, experts said. The market extended selling pressure for yet another session on September 20, and saw the biggest single-day loss since July 21 this year, due to fall across sectors. The BSE Sensex plummeted 796 points or 1.18 percent to 66,801, while the Nifty50 dropped 232 points or 1.15 percent to 19,901 and formed a bearish candlestick pattern on the daily charts. The Nifty has dipped below its previous swing high on the daily chart, indicating a decline in bullish sentiment. Following a period of consolidation, the index experienced a correction, which could be considered as an early indication of a bearish reversal, Rupak De, senior technical analyst at LKP Securities said. In the short term, he feels it is probable that the Nifty will decrease towards the 19,700-19,630 range. Selling on rallies might remain a favourable strategy as long as the index remains below the 20,000 mark, he said. The broader markets were also down, but the loss was less compared to benchmarks. The Nifty Midcap 100 and Smallcap 100 indices declined 0.3 percent and 0.9 percent respectively. The market breadth was weak, too, with an advance-decline ratio of 1:2.
Nifty:%;Candle:OF,Doji; Bank Nifty:% Candle:OF,Short day red ; HB:OGU.Short day red,1629,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long65%FutCash;-1236;Opt94%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Delta Corp, and Punjab National Bank to its F&O ban list for September 20, while retaining Balrampur Chini Mills, BHEL, Chambal Fertilizers & Chemicals, Indiabulls Housing Finance, Indian Energy Exchange, Manappuram Finance, REC and Zee Entertainment Enterprises. Two stocks – Hindustan Copper, and India Cements removed from the said list.
Market wrap up(DWM,T,N,E):The market saw some profit-booking on September 18, after rallying consistently since the start of September to hit a historic high last Friday, which was on expected lines. The overall sentiment may remain positive as long as the Nifty50 holds the 20,000-19,900 levels, which experts feel is expected to be a crucial support area. On the higher side, 20,220 is going to be an immediate resistance and, once Nifty50 breaches this level, it may head towards 20,300-20,500 points. The BSE Sensex declined 242 points to 67,597, while the Nifty50 slipped 59 points to 20,133 and formed bearish candlestick pattern minor upper shadow on the daily timeframe. Technically, the current chart pattern indicates ‘Bearish Tri-Star’ kind of candlestick pattern, which is a bearish reversal pattern, but not a classical one. Further weakness from here could confirm short term top reversal for the Nifty at 20222 levels, Nagaraj Shetti, technical research analyst at HDFC Securities said. He feels the underlying short-term trend of the Nifty placed at the verge of reversal on the downside. A decisive move below the immediate support of 10-day EMA (exponential moving average) at 19,940 levels could confirm further weakness in the near term, however, sharp selling momentum is ruled out, he said, adding that the immediate resistance is placed at 20,220 levels. The broader markets also saw profit-taking with the Nifty Midcap 100 and Smallcap 100 indices falling 0.4 percent and 0.5 percent on weak breadth. About two shares declined for every rising share on the NSE.
Nifty:20246/89.25/0.44%;Candle:OGU,Short day green; Bank Nifty:46231.5/230.65/0.5% Candle:OGU,Short day green ; HB:,OGU,Short day green,1662,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;16
;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Chambal Fertilizers & Chemicals to its F&O ban list for September 18, while retaining Balrampur Chini Mills, BHEL, Hindustan Copper, Indiabulls Housing Finance, Indian Energy Exchange, India Cements, Manappuram Finance, REC and Zee Entertainment Enterprises. Three stocks – Delta Corp, National Aluminium Company, and SAIL removed from the said list.
Market wrap up(DWM,T,N,E):The Indian equity market has been witnessing a consistent rally and most experts are expecting a consolidation. If the current momentum continues, then the immediate resistance for the Nifty50 can be 20,200-20,300, which also resembles the breakout point of the upward-sloping resistance trendline, followed by 20,500, while 20,000 is supposed to be the immediate crucial support. The market jumped to a new record high on September 15, with the Nifty50 climbing above the 20,200 mark intraday for the first time. Positive global cues, falling volatility and uptrend in auto, banking and financial services, technology and pharma stocks aided the rally. he BSE Sensex rose 320 points to 67,839, while the Nifty50 advanced 89 points to 20,192 and formed a bullish candlestick pattern with a minor upper shadow on the daily charts, making higher highs and higher lows formation for the second consecutive session. “Strong Put writing at 20,100 has further bolstered positive sentiment in the market. The trend is expected to remain positive as long as the Nifty remains above the 20,000 mark,” In the short term, he feels there is potential for the Nifty to move towards the 20,480-20,500 range on the upside. The broader markets closed moderately higher with the Nifty Midcap 100 and Smallcap 100 indices climbing 0.3 percent and 0.4 percent respectively, while the falling of India VIX, the fear index, by 3.66 percent to 10.9, will be a comfort for bulls.
Nifty:20103.1/33.1/0.16%;Candle:OGU; Bank Nifty:46000.85/91.4/0.2% Candle:OGU,Doji ; HB:OGU,Doji
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;295;Opt%
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, and Zee Entertainment Enterprises to its F&O ban list for September 15, while retaining Delta Corp, Hindustan Copper, Indiabulls Housing Finance, Indian Energy Exchange, India Cements, Manappuram Finance, National Aluminium Company, REC and SAIL.
Market wrap up(DWM,T,N,E):The market closed the rangebound session higher, with the Nifty50 ending at fresh record closing high on September 14, tracking positive global cues. Going forward, 20,100 is likely to be crucial level for further direction in the market, with resistance at 20,200-20,300 area and the key support at 19,900 levels, experts said. The BSE Sensex rose 52 points to 67,519, extending upward journey for 10th consecutive session, while the Nifty50 advanced 33 points to 20,103, a fresh closing high, and formed bearish candle with minor upper & lower wicks which resembles Spinning Top kind of candlestick pattern format on the daily charts, signalling indecisiveness among bulls and bears about future market trend. “The “buy on dips” strategy is expected to be the preferred approach until Nifty falls below 19,900 decisively,” On the upside, he feels Call writers at 20,100 are likely to defend the index against further upward movement. A sustained trade above 20,100 could potentially trigger a significant rally in the short term, he said. Broader markets also continued to recoup further losses, with positive breadth in the ratio of 3:1. The Nifty Midcap 100 and Smallcap 100 indices gained more than 1 percent each, sustaining uptrend for second straight session, after falling 3 percent and 4 percent on September 12. The fear index, India VIX remained below 12, which gives comfort for bulls, falling 4.31 percent to 11.32 levels.
Nifty:20070/76.8/0.38%;Candle:OGD,Short day green; Bank Nifty:45909.45/398.1/0.87% Candle:OGD,Short day green ; HB:OGD,Short day green,1644,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long66%FutCash;-1613;Opt100%
OI data Nifty ( max pain W20000M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added REC to its F&O ban list for September 14, while retaining Delta Corp, Hindustan Copper, Indiabulls Housing Finance, Indian Energy Exchange, India Cements, Manappuram Finance, National Aluminium Company, and SAIL. BHEL, and Chambal Fertilisers and Chemicals have been removed from the list.
Market wrap up(DWM,T,N,E):After a day of consolidation, the market gained momentum with the Nifty50 closing above psychological 20,000 milestone for the first time on September 13. This was largely attributed to the rally in banking stocks. Hence, the bulls seem to be wanting to stay in the game, which can take the Nifty50 to 20,200-20,500 levels in the coming days if the index holds 19,900-19,800 as an immediate support area, experts said. The BSE Sensex rose 246 points to 67,467, while the Nifty50 climbed 77 points to end at a new closing high of 20,070 and formed a bullish candlestick pattern on the daily charts, though stayed within the previous day’s trading range throughout the session . “Notably, it closed above this threshold, marking a historic closing high for the Nifty. The prevailing sentiment remains optimistic, contingent on Put writers safeguarding the 19,900 levels. A drop below 19,900 could unsettle put writers, potentially triggering market corrections,” On the upside, he feels the 20,100-20,150 range is poised to act as resistance. A clear breakthrough above 20,150 might propel the Nifty into a sustained upward trend, he said. The broader markets also rebounded after a day of sharp correction. The Nifty Midcap 100 index gained 0.2 percent and Smallcap 100 index rose 1 percent as the market breadth was positive with 2:1 ratio.
Nifty:19993.2/-3.15/-0.02%;Candle:OGU,Short day red; Bank Nifty:45511.35/-59.35/-0.13% Candle:OGU,Short day red ; HB:OGU,Doji,1636,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long63%FutCash;;Opt96%
OI data Nifty ( max pain W19950M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Indian Energy Exchange and National Aluminium Company to its F&O ban list for September 13, while retaining BHEL, Chambal Fertilisers and Chemicals, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, and SAIL. Punjab National Bank has been removed from the list.
Market wrap up(DWM,T,N,E):The market hit a new high of 20,110 on the Nifty50, but could not sustain the same due to profit-taking by the participants on September 12, as the index gained around 4.5 percent in a one-way rally since the beginning of this month. Hence, further consolidation with support at 19,800-19,900 can be seen in coming sessions, while the crossing of 20,100 decisively is required for the upward rally, experts said. The BSE Sensex gained 94 points at 67,221, while the Nifty50 declined for the first time in the last eight straight sessions, down 3 points amid volatility at 19,993, and formed a long bearish candlestick pattern on the daily timeframe. Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas believes that the index is due for consolidation after a sharp rally in the last seven trading sessions. The range of consolidation is likely to be 20,100 – 19,800. He feels momentum indicators on the daily and hourly timeframe are providing divergent signals which could lead to sideways consolidation. Thus, both price and momentum indicators suggest that there could be consolidation over the next few trading sessions, he said, adding the short-term outlook is positive. In terms of levels, 19,865 – 19,810 is the crucial support zone while 20,200 – 20,250 shall act as an immediate hurdle zone, he said. The broader markets witnessed a big correction after a long time, making the participants cautious a bit. The Nifty Midcap 100 and Smallcap 100 indices fell 3 percent and 4 percent respectively, with disappointing breadth. About nine shares declined for every rising share on the NSE.
Nifty:19996.35/176.4/0.89%;Candle:OGU,Short day green; Bank Nifty:45570.7/414.3/0.92% Candle:OGU,Short day green ; HB:OGU,Short day green,1632,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long60%FutCash;1473;Opt98%
OI data Nifty ( max pain W19900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added BHEL to its F&O ban list for September 12, while retaining Chambal Fertilisers and Chemicals, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Punjab National Bank and SAIL. Balrampur Chini Mills has been removed from the list.
Market wrap up(DWM,T,N,E):The market started off the week on a strong note, hitting a new and much-awaited 20,000 milestone intraday on the Nifty50 on September 11. Once the Nifty50 closes above the said psychological level and holds the same in coming sessions, then a further upward journey towards 20,100-20,200 in the immediate term is highly possible, provided the index takes the support in the 19,800-19,900 area, experts said. The BSE Sensex rallied 528 points to 67,127, while the Nifty50 climbed 176 points to end at a record closing high of 19,996, continuing the uptrend as well as higher highs formation for the seventh consecutive session. The index has formed a bullish candlestick pattern on the daily charts, after the breakout of the horizontal resistance trendline. “This impressive rally followed a breakout from a descending channel that occurred last week. Looking ahead, the market sentiment is expected to remain upbeat as long as the Nifty stays above the 19,900 level,” On the upside, he feels that one can identify an immediate resistance zone between 20,100 and 20,200. If there is a convincing breakthrough above 20,200, it could pave the way for the Nifty to advance towards the 20,500 mark, he said. The northward journey also continued in broader markets, with the Nifty Midcap 100 and Smallcap 100 indices rising over a percent each, though the fear gauge, the India VIX, climbed 5.26 percent to 11.35 levels, but still below the 12 mark.
Nifty:19819.95/92.9/0.47%;Candle:OGU, Short day green; Bank Nifty:45156.4/278.05/0.62% Candle:OF,Short day green ; HB:OGD,Short day green,1625,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long58%FutCash;-224;Opt96%
OI data Nifty ( max pain W19750M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Chambal Fertilisers and Chemicals to its F&O ban list for September 11, while retaining Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Punjab National Bank and SAIL. BHEL has been removed from the list.
Market wrap up(DWM,T,N,E):The market has had a good run this month, so far, with the Nifty50 crossing the important 19,800 mark after seven weeks on September 8. Experts expect the index at 20,000 in the coming sessions if it manages to hold on to 19,700-19,600 but before that happens, some consolidation can’t be ruled out. The Sensex jumped 333 points to 66,599, while the Nifty rose 93 points to 19,820 to form a bullish candlestick on the daily charts, forming higher highs and higher lows sixth day in a row. “The market has started to surpass one after another hurdles recently and is expected to move above the current resistance of 19,865 levels,” The short term trend continues to be positive, with immediate support at 19,650, The market breadth favours the bulls. Nifty midcap 100 and smallcap 100 indices gained 0.95 percent and 0.6 percent, respectively. The India VIX, the fear index, dropped 0.85 percent to 10.78, from 10.87 levels.
Nifty:19611.05/36.15/0.18%;Candle:OGU,Doji butterfly; Bank Nifty: 44409.1/123.05/0.28% Candle:OF,Doji ; HB:OF,Short day green,1595,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long51%FutCash;-3245;Opt87%
OI data Nifty ( max pain WM)
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 September 7, while retaining Balrampur Chini Mills, BHEL, Delta Corp, Hindustan Copper, Indiabulls Housing Finance, and India Cements on the list.
Market wrap up(DWM,T,N,E):The market rebounded smartly in late trade and closed higher for yet another session, continuing the higher-high formation on the Nifty50 for the fourth day in a row. Also, the index held above the downward-sloping resistance trendline. Hence, the index can possibly start marching towards the 19,700-19,750 area in coming sessions, with immediate support at 19,500-19,400 levels, experts said. The BSE Sensex climbed 100 points to 65,881, while the Nifty50 rose 36 points to 19,611 amid volatility and formed a bullish candlestick pattern with a long lower shadow and minor upper shadow on the daily charts. Technically, this pattern reflects high volatility in the market. The upside breakout of trend line resistance remains intact. Hence, “the short-term trend of the Nifty continues to be positive. One may expect further upside in the coming sessions and any dips down to the support of 19,500 is likely to be a buy-on-dips opportunity,” The broader markets saw consolidation after a recent sharp upside, but closed higher with moderate gains, while the volatility continued to slide, with the India VIX declining by 1.27 percent from 10.82 to 10.68 levels.
