Nifty:19386.7/-57.3/-0.29%;Candle:OGU,Long day red; Bank Nifty:44496.2/17.15/0.04% Candle:OGU,Short day red, ; HB:OGU,Short day red,1583,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;;Opt%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added GMR Airports Infrastructure, and RBL Bank to its F&O ban list for August 25, while retaining BHEL, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Metropolis Healthcare, and Punjab National Bank in the list.
Market wrap up(DWM,T,N,E):The market is likely to stay in the range of 19,250-19,600 in coming sessions, as the healthy attempt of a rally on August 24 failed due to a strong bear attack, experts said. Only if the index successfully manages to close above the 19,500 mark in coming sessions that a new leg of rally is possible. On August 24, it was a great start for the market and looked like a strong breakout with the Nifty reaching closer to the 19,600 mark on the weekly F&O expiry day. But the entire rally fizzled out in the afternoon as bears took control over Dalal Street. The index lost nearly 200 points from the day’s high and closed lower by 57 points at 19,387, forming a long bearish candlestick pattern which resembles a Bearish Engulfing kind of pattern formation on the daily scale, indicating the bear may be in power but requires same kind of action in the following session for confirmation of downtrend. However, the Nifty continued to make higher highs formation for the fourth straight session by getting support at the previous day’s low. “The Nifty faced stiff resistance around the previous high of 19,600. It seems that bears are in no mood to let go off bulls so easily. Maximum Call and Put open interest is currently placed at 19,400 levels. This indicates that the Nifty is back in no man’s land,” Hence, he feels that the index is likely to trade in a range of 19,300 to 19,600 till there is a decisive breakout. The BSE Sensex was down 181 points to 65,252, while the Nifty Midcap 100 index gained 0.24 percent, but the Smallcap 100 index fell 0.35 percent.
Nifty:19526.55/-207/-1.05%;Candle:OGD,Long day red; Bank Nifty:44995.7/-596.8/-1.31% Candle:OGD,Long day red ; HB:OGD,Doji, 1642,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long49%FutCash;-1877;Opt96%
OI data Nifty ( max pain W19550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Bharti Airtel, Eicher Motors, Sun Pharmaceutical, Lupin, Dabur India, Adani Enterprises, Zomato, LIC Housing Finance, Adani Power, Blue Star, Cummins India, Deepak Nitrite, Great Eastern Shipping, ICRA, KEC International, Karnataka Bank, Mahanagar Gas, Minda Corporation, MRF, Radico Khaitan, Tube Investments of India, and Varun Beverages will be in focus ahead of quarterly earnings on August 3.
The NSE has added Gujarat Narmada Valley Fertilizers & Chemicals (GNFC) to its F&O ban list for August 3, while retaining Hindustan Copper, Piramal Enterprises, and Indiabulls Housing Finance in the said list.
Market wrap up(DWM,T,N,E):Bharti Airtel, Eicher Motors, Sun Pharmaceutical, Lupin, Dabur India, Adani Enterprises, Zomato, LIC Housing Finance, Adani Power, Blue Star, Cummins India, Deepak Nitrite, Great Eastern Shipping, ICRA, KEC International, Karnataka Bank, Mahanagar Gas, Minda Corporation, MRF, Radico Khaitan, Tube Investments of India, and Varun Beverages will be in focus ahead of quarterly earnings on August 3. Experts believe that the index may hold the said support of 19,500; but in case it breaks the same, then the upward-sloping support trendline can act as the next support, whereas the immediate hurdle on the higher side may be 19,600-19,700, they said. The Nifty50 tanked 207 points or 1 percent to 19,527 and formed a bearish candlestick pattern with a long lower shadow on the daily charts, weighed down by correction in global peers after Fitch Ratings downgraded the credit rating of the United States. “Technically, today’s pattern formation indicates a sharp negative reversal in the market. The Nifty is currently placed at the edge of moving below the immediate support of up trend line at 19,500 as per the concept of change in polarity,” The next crucial lower supports to be watched are around 19,200-19,100 in the coming week. However, any pullback rally up to 19,600-19,650 could be a sell-on-rise opportunity
Nifty:%;Candle:OGU,Short day green; Bank Nifty:% Candle:OGU,Doji ; HB:OGU,Short day red,1592,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-1901;Opt%
OI data Nifty ( max pain W19350M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Metropolis Healthcare to its F&O ban list for August 22, while retaining Chambal Fertilisers & Chemicals, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Punjab National Bank, SAIL, and Zee Entertainment Enterprises in the list.
Market wrap up(DWM,T,N,E):We saw a bounce back in the benchmark indices on August 21, showing a good start to the week. The Nifty50 saw a dip in the initial hour of trade, but rebounded smartly by taking the support again at 19,300-19,250 levels, which coincides with 50-day EMA (exponential moving average). Hence, this area is expected to remain a crucial support going ahead. “Technically, Monday’s candlestick pattern indicates narrow range movement in the market at the support of 19,250-19,300 levels,” Though the Nifty is placed at the immediate supports, there is a lack of strength observed in the upside bounces. Hence, such repeated testing of the supports without showing any significant upside bounces could eventually result in a decisive downside breakout of the said supports, he feels. The broader markets were also positive, with the Nifty Midcap 100 and Smallcap 100 indices climbing 0.8 percent and 0.6 percent respectively, while the India VIX, the fear index dropped below 12 levels, may be supporting the bulls. However, further upside from here could encounter strong hurdle around 19,500 levels, Nagaraj said. The broader markets were also positive, with the Nifty Midcap 100 and Smallcap 100 indices climbing 0.8 percent and 0.6 percent respectively, while the India VIX, the fear index dropped below 12 levels, may be supporting the bulls.
Nifty:%;Candle:OGD,Doji; Bank Nifty:% Candle:OF,Short day green ; HB:OGD,Doji,1591
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long42%FutCash;-266;Opt96%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Manappuram Finance to its F&O ban list for August 21, while retaining Chambal Fertilisers & Chemicals, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Granules India, Hindustan Copper, Indiabulls Housing Finance, India Cements, Punjab National Bank, SAIL, and Zee Entertainment Enterprises in the list.
Market wrap up(DWM,T,N,E):The market saw consolidation throughout the session on August 18 and closed in red with moderate losses. But it has taken a support at 19,250 levels on the Nifty50 which coincides with 50-day EMA (exponential moving average placed at 19,265), which is expected to continue acting as a support in coming sessions too, and if the said levels get broken then 19,000 can be the possibility on the lower side. However, on the higher side, 19,500 which coincides with 21-day EMA (placed at 19,490) is likely to be critical hurdle on the higher side, experts said. The index has consistently remained below its 21-day EMA, a sign that underscores the prevalence of a bearish trend. On the lower end, support is placed at 19,250. A fall below 19,250, may trigger a correction towards 19,000 and lower,” The broader markets were also under pressure amid volatility, with the Nifty Midcap 100 and Smallcap 100 indices falling 0.2 percent and 0.5 percent respectively, while the volatility dropped by 0.8 percent, but India VIX held above 12 mark.
Nifty:19396.45/2.85/0.01%;Candle:OF,Doji; Bank Nifty:43993.25/-8.75/-0.02% Candle:OF,Doji ; HB:OGU,Short day red, 1582,
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 added BHEL and Escorts Kubota to its F&O ban list for August 23, while retaining Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Hindustan Copper, Indiabulls Housing Finance, India Cements, Manappuram Finance, Metropolis Healthcare, Punjab National Bank, SAIL, and Zee Entertainment Enterprises in the list.
Market wrap up(DWM,T,N,E):The market closed flat after volatility during the day, and this was despite the rally in global peers on August 22. Broadly, the Nifty50 has been in the range of around 200-250 points since August 14 with resistance around 19,450-19,500 and crucial support at 19,300-19,250 area. Experts expect the benchmark index to remain within the said range and advised continuing with sell on rally as long as the index remains below the 19,500 mark. “Throughout the day, the Nifty index exhibited a distinct lack of movement, with traders uncertain about the market’s upcoming trajectory. Notably, there is a noticeable resistance observed at the 21-day exponential moving average (EMA placed at 19,474) on the chart’s upper spectrum,” As things stand, the market continues to favour a strategy of selling into rallies, maintaining this stance as long as it remains below the 19,500 mark,” The broader markets were fully backed by bulls, as the Nifty Midcap 100 index rose 1.1 percent and Smallcap 100 index gained 0.8 percent, while the breadth was positive with 3:2 ratio.
Nifty:%;Candle:OGD, Short day red,; Bank Nifty:% Candle:OF,Doji ; HB:OGD,Doji, 1600,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long39%FutCash;-1511;Opt84%
OI data Nifty ( max pain W19400M)
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 August 18, while retaining Chambal Fertilisers & Chemicals, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Granules India, Hindustan Copper, Indiabulls Housing Finance, India Cements, SAIL, and Zee Entertainment Enterprises in the list. However, Balrampur Chini Mills, and Manappuram Finance removed from the list.
Market wrap up(DWM,T,N,E):The market has seen a minor bear attack and fell a little more than half a percent, but broadly traded within the previous day’s range, on August 17. Going ahead, the benchmark Nifty50 is still expected to be rangebound and the breakout of the 19,250-19,500 range on either side can give clear direction, experts said. A Triangle type pattern is unfolding on the Nifty as per the daily timeframe chart and the market is currently placed near the lower end of a pattern around 19,300. “The attempt of upside recoveries from the intraday lows have been reversed on Thursday. The negative chart pattern like lower tops and bottoms is active on the daily chart and the market has not shown any decisive upside bounce so far,” “There is a possibility of downside breakout of the key lower support around 19,300-19,250 levels in the short term and that could possibly drag the Nifty down to another support of 19,100-19,000 in the near term. Any rise from here could find a strong hurdle at 19,600,” The broader markets fared better than benchmarks as the Nifty Midcap 100 and Smallcap 100 indices gained 0.25 percent and 0.14 percent respectively.
Nifty:19465/30.45/0.16%;Candle:OF,Short day green; Bank Nifty:43946.4/-144.55/-0.33% Candle:OGD, Short day green ; HB:OGD,Long day green,1604.
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 added Hindustan Copper, and SAIL to its F&O ban list for August 17, while retaining Balrampur Chini Mills, Chambal Fertilisers & Chemicals, Delta Corp, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Granules India, Indiabulls Housing Finance, India Cements, Manappuram Finance, and Zee Entertainment Enterprises in the list.
Market wrap up(DWM,T,N,E):The market took support at 19,300 once again on August 16 and rebounded to turn higher in late trade. Hence, the 19,300-19,250 range is expected to be a crucial support area for the Nifty50 in coming sessions, whereas 19,550, which coincides with the falling resistance trendline, is likely to play a key role in the upward journey. If the said levels are sustained, a sharp rally can’t be ruled out. Till then, volatility and consolidation will remain, experts said. “The Nifty bounced back from the lowest point of the day. Nevertheless, the short-term outlook remains feeble, given that the index concluded the session below the vital short-term moving average of 21-day EMA or exponential moving average,” De believes that the relative strength index (RSI) shows a bearish crossover, further amplifying the pessimistic sentiment. The prevailing trend will continue to lack strength as long as it maintains levels below 19,521, where the 21EMA is situated. Looking downward, the initial support level is positioned at 19,250,” The broader markets closed higher with positive breadth. The Nifty Midcap 100 and Smallcap 100 indices gained 0.08 percent and 0.6 percent respectively.
Nifty:19434.55/6.25/0.03%;Candle:OGD,Hammer; Bank Nifty:44090.95/-108.15/-0.24% Candle:OGD,Doji butterfly ; HB:OGD,Doji, 1611,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-2324;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) to its F&O ban list for August 16, while retaining Balrampur Chini Mills, Chambal Fertilisers & Chemicals, Delta Corp, Granules India, Indiabulls Housing Finance, India Cements, Manappuram Finance, and Zee Entertainment Enterprises in the list.
Market wrap up(DWM,T,N,E):The Nifty staged an impressive recovery in the last-hour on August 14 to recoup the day’s losses to close in the green after a day of volatile trade and experts say technical indicators are pointing to a possible bounce in the coming sessions. “Technically, this pattern indicates a formation of high wave type candle pattern. Normally, such high wave formation after a reasonable decline or upside calls for impending trend reversal. Having declined recently, the chances of upside bounce is likely in the coming sessions, The index took support at 50-day exponential moving average (EMA) of 19,250 to claw back into the green amid caution ahead of the release of CPI inflation data for July. The headline retail inflation came in at 7.44 percent, much ahead of expectations of 6.6 percent and way higher than 4.87 percent in June. The Nifty also closed above the upward-sloping support trendline. If the index fails to sustain the 50-day EMA, then it may correct up to 19,000 mark but holding the same can take it close to 19,500-19,600. Shetti said the August 14 low of 19,257 could now be considered as a new lower bottom. Any attempt of upside bounce can find strong resistance at 19,600 (down sloping trend line), and immediate support is placed at 19,250, he said.
Nifty:19428.3/-114.8/-0.59%;Candle:OF,Short day red; Bank Nifty:44199.1/-342.7/-0.77% Candle:OGU,Short day red ; HB:OGU,Short day red,1619.
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-3073;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:ITC, Divis Laboratories, Vodafone Idea, Ahluwalia Contracts, Aarey Drugs & Pharmaceuticals, Aster DM Healthcare, Astrazeneca Pharma, Bajaj Healthcare, Easy Trip Planners, GMR Airports Infrastructure, Heranba Industries, Hindustan Copper, Indiabulls Housing Finance, Jagran Prakashan, KNR Constructions, Lux Industries, Meghmani Organics, PC Jeweller, Senco Gold, Swan Energy, Vivimed Labs, Wockhardt, and Zuari Industries will be in focus ahead of quarterly earnings on August 14.
The NSE has added India Cements to its F&O ban list for August 14, while retaining Balrampur Chini Mills, Chambal Fertilisers & Chemicals, Delta Corp, Granules India, Hindustan Copper, Indiabulls Housing Finance, Manappuram Finance, and Zee Entertainment Enterprises in the said list.
Market wrap up(DWM,T,N,E):We saw the impact of liquidity measures and inflation concerns raised by the RBI on the equity market for yet another session on August 11, dragging the benchmark Nifty50 below 19,500 after four-day consolidation. The next support level for the index may be around 19,300-mark, which coincides with the horizontal support trendline adjoining lows of July 4 and August 3 as breaking of the same can take the index down up to 19,000, but with holding the same levels, the index can face crucial hurdle at 19,650-19,700 levels on the higher side, experts said. The Nifty50 fell 115 points to 19,428 and formed long bearish candlestick pattern on the daily charts, with breaking long upward sloping support trendline. The Nifty continues to exhibit a bearish trend as it remains below the 21-day exponential moving average (21EMA – 19,537). The relative strength index (RSI) is also indicating a bearish crossover,” In the short term, he feels there’s a possibility that the index might decline towards 19,300 levels. On the upside, there’s a resistance level situated at 19,500, he said. The BSE Sensex was down by 365 points at 65,323, while the Nifty Midcap 100 and Smallcap 100 indices also corrected but fared better than benchmarks, falling 0.5 percent and 0.2 percent, respectively.
Nifty:%;Candle:OGD,Short day red ; Bank Nifty:% Candle:OGD,Short day red ; HB:OGD,Short day red ,1635
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long41%FutCash;331;Opt88%
OI data Nifty ( max pain W19550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
Oil and Natural Gas Corporation, ABB India, Nykaa, Zydus Lifesciences, Apollo Hospitals Enterprise, Glenmark Pharmaceuticals, NALCO, SpiceJet, Astral, BEML, Cochin Shipyard, City Union Bank, Garden Reach Shipbuilders & Engineers, Hindustan Aeronautics, HEG, Indian Railway Finance Corporation, Jindal Steel & Power, Kalpataru Projects International, Muthoot Finance, Info Edge India, NMDC, Power Finance Corporation, Raymond, Shree Renuka Sugars, Sun TV Network, and Voltas will be in focus ahead of quarterly earnings on August 11.
Aurobindo Pharma, Advanced Enzyme Technologies, Amara Raja Batteries, Crompton Greaves Consumer Electricals, Finolex Cables, JK Cement, NITCO, Panacea Biotec, PTC India, Rail Vikas Nigam, Signet Industries, V2 Retail, and Zee Media Corporation will be in focus ahead of June quarter earnings on August 12.
The NSE has added Can Fin Homes, Granules India, Manappuram Finance, and Zee Entertainment Enterprises to its F&O ban list for August 11, while retaining Balrampur Chini Mills, Chambal Fertilisers & Chemicals, Delta Corp, Hindustan Copper, and Indiabulls Housing Finance.
Market wrap up(DWM,T,N,E):Once again the Nifty50 has defended 19,500 and faced strong resistance at around 19,650, which are expected to be crucial levels to watch out for in coming sessions, as breaking decisively on either side on a closing basis can give clear direction to the market. The index remained within the previous day’s range on August 10 and finally closed 89 points lower at 19,543 after the Monetary Policy Committee (MPC) raised the full-year inflation forecast to 5.4 percent and announced incremental CRR of 10 percent for banks, while retaining repo rate at 6.5 percent. “The Nifty index continues to hover near the 20-day SMA with no significant change in the chart structure, portraying a lack of conviction by both counterparties. Structurally the setup remains unchanged, suggesting further consolidation in the index and continuing the time-wise corrective phase,” Sectoral rotation along with broader market participation is still in play. Hence, one must focus on stock-specific actions till the key indices remain in the consolidation zone for an outperformance, he advised.
