Nifty:19570.85/-26.45/-0.13%;Candle:F,Doji; Bank Nifty:44964.45/126.95/0.28% Candle:F,Doji ; HB:1649,F , Doji
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long47%FutCash;-711;Opt96%
OI data Nifty ( max pain W19550M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Tata Power Company, Zee Entertainment Enterprises, Abbott India, Bajaj Consumer Care, Bata India, Berger Paints India, Bharat Forge, CARE Ratings, Dreamfolks Services, eClerx Services, Granules India, Indian Railway Catering and Tourism Corporation, Kalyan Jewellers India, Max Financial Services, Natco Pharma, PI Industries, Sandhar Technologies, Schneider Electric Infrastructure, Shankara Building Products, Sula Vineyards, Sunteck Realty, Trent, Vijaya Diagnostic Centre, and Zuari Agro Chemicals will be in focus ahead of quarterly earnings on August 9.
The NSE has added Chambal Fertilisers & Chemicals, and Delta Corp to its F&O ban list for August 9, while retaining Balrampur Chini Mills, Hindustan Copper, Indiabulls Housing Finance, and India Cements.
Market wrap up(DWM,T,N,E):The market closed moderately lower on August 8, but we are still in a consolidation phase with 19,500 acting as immediate support and 19,600-19,700 as a hurdle on the higher side, ahead of the Reserve Bank of India’s (RBI) interest rate decision on August 10. The breaking of this range can give clear direction to the Nifty as sustaining above 19,700 can take the index to its much-awaited 20,000 mark, whereas breaking of 19,500 can again drag the index down up to 19,300, experts said.
The market closed moderately lower on August 8, but we are still in a consolidation phase with 19,500 acting as immediate support and 19,600-19,700 as a hurdle on the higher side, ahead of the Reserve Bank of India’s (RBI) interest rate decision on August 10. The breaking of this range can give clear direction to the Nifty as sustaining above 19,700 can take the index to its much-awaited 20,000 mark, whereas breaking of 19,500 can again drag the index down up to 19,300, experts said.PauseUnmute. The Nifty50 declined 27 points to 19,571 and formed a bearish candlestick pattern on the daily charts, but sustained above 21-day EMA (19,540) for yet another session. “The Nifty index displayed volatility but managed to close above the significant 21EMA moving average and maintained support above the 19,500 mark,” a positive trend is anticipated as long as the index holds above 19,500, with resistance at 19,700 and potential for a rally towards 20,000. The BSE Sensex fell 107 points to 65,847, while the Nifty Midcap 100 and Smallcap 100 indices gained 0.23 percent and 0.27 percent respectively.
Events/Results:Hero MotoCorp, Life Insurance Corporation of India, Grasim Industries, Ipca Laboratories, Biocon, Alkem Laboratories, Manappuram Finance, Allcargo Logistics, Apollo Tyres, Ashoka Buildcon, Avalon Technologies, Bajaj Electricals, Campus Activewear, General Insurance Corporation of India, Graphite India, Indiabulls Real Estate, Lemon Tree Hotels, Mazagon Dock Shipbuilders, Samvardhana Motherson International, MTAR Technologies, Page Industries, Pidilite Industries, Steel Authority of India, Spencers Retail, Suryoday Small Finance Bank, and Torrent Power will be in focus ahead of quarterly earnings on August 10
The NSE has retained Balrampur Chini Mills, Chambal Fertilisers & Chemicals, Delta Corp, Hindustan Copper, and Indiabulls Housing Finance to its F&O ban list for August 10.
Market wrap up(DWM,T,N,E):The late-hour bounce-back helped the benchmark Nifty50 finally close above the 19,600 mark on August 9 after a struggle in the past, especially ahead of the outcome of the Monetary Policy Committee meeting scheduled for August 10. The recovery has raised hopes for further rally if the index manages to close above the range of 19,650-19,700 and sustains there in coming sessions, whereas the crucial support remains in the range of 19,500-19,300, experts said. “The Nifty has formed a Hammer candle on the daily chart, which indicates buyers’ strength. The Nifty Futures’ open interest indicated a build-up of fresh long positions on Wednesday,” Strong Put writer additions were observed at 19,500 strike, which is where maximum open interest on the Put side is placed. The level of 19,500 will act as a strong support and the option activity at this strike will provide important cues about the Nifty’s intraday direction on weekly expiry day (tomorrow),” Osho Krishan, senior analyst, technical & derivative research at Angel One feels the bearish gap of 19,678-19,705 withholds the immediate hurdle and a decisive breach would attract new longs in the index for the next potential resistance around 19,800-19,850 in the comparable period. While on the downside, he also feels the pivotal support of 19,500 proved its mettle and is expected to cushion any blip in the shortcoming, followed by 19,440-19,380. The Nifty Midcap 100 and Smallcap 100 indices continued their upward journey for the fifth consecutive session, rising a third of a percent and six-tenth of a percent respectively.
Nifty:19381.65/-144.9/-0.74%;Candle:OGD,Long day red; Bank Nifty:44513.45/-482.25/-1.07% Candle:OGD,Long day red ; HB:OGD,Long day red,1634,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long40%FutCash;-317;Opt89%
OI data Nifty ( max pain W19400M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
State Bank of India, Mahindra & Mahindra, Britannia Industries, Aditya Birla Fashion and Retail, Alembic Pharmaceuticals, Bharat Dynamics, BHEL, CESC, Dilip Buildcon, Delhivery, Devyani International, Edelweiss Financial Services, Fortis Healthcare, Gati, Gujarat State Petronet, IDFC, JK Tyre & Industries, Kolte-Patil Developers, Shipping Corporation of India, Tatva Chintan Pharma Chem and Welspun Corp will be in focus ahead of quarterly earnings on August 4.
Bank of Baroda, Affle (India), APL Apollo Tubes, Balkrishna Industries, Balrampur Chini Mills, Mrs Bectors Food Specialities, Capri Global Capital, Gujarat Fluorochemicals, Gujarat Ambuja Exports, Jaiprakash Associates, Meghmani Finechem, Neogen Chemicals, Parag Milk Foods, Punjab & Sind Bank, TVS Electronics and Usha Martin will be in focus ahead of June FY24 quarter earnings on August 5.
The NSE has retained Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Hindustan Copper and Piramal Enterprises to its F&O ban list for August 4.
Market wrap up(DWM,T,N,E):Bears have taken control of Dalal Street for yet another session on August 3, dragging the Nifty50 near 19,300 levels on August 3 tracking global weakness, but the same has been strongly defended during the session, and hence can be a key decider for the next move of the index. If the index holds the same, which is a likely scenario after a sharp correction, then the immediate resistance would be the 19,400-19,600 area, but breaking of the said level can break the 50-day EMA (exponential moving average placed at 19,160). The Nifty50 dropped 145 points to 19,382 and has formed a bearish candlestick pattern on the daily charts making lower highs and lower lows formation for the second consecutive session. “The 50-day exponential moving average (DEMA) of Nifty, which is placed at 19,160, is likely to act as a support. A break below the 50-DEMA can drag the index to 18,600 levels,” However, the maximum Call open interest (OI) is placed at 19,400, which will act as an immediate resistance, The BSE Sensex corrected 542 points to 65,241, but the broader markets rebounded and breadth was balanced with a 1:1 ratio. The Nifty Midcap 100 index gained 0.25 percent and Smallcap 100 index rose 0.12 percent. India VIX, the fear index, jumped near 12 levels but could not sustain there and closed at 11.19 levels, down 0.82 percent from 11.28 levels, which seems to be not a cause of concern yet.
Nifty:19597.3/80.3/0.41%;Candle:OGU,Doji; Bank Nifty:44837.5/-42/-0.09% Candle:F,Doji ; HB:OGU,Short day red,1654,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long45%FutCash;-1893;Opt98%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Coal India, Hindalco Industries, Adani Ports, Oil India, Siemens, 63 Moons Technologies, Aarti Industries, EIH, Happiest Minds Technologies, Hikal, Ideaforge Technology, IRCON International, Phoenix Mills, Prestige Estates Projects, Radiant Cash Management Services, Sudarshan Chemical Industries, Talbros Engineering, Tilaknagar Industries, Utkarsh Small Finance Bank, and Windlas Biotech will be in focus ahead of quarterly earnings on August 8.
The NSE has added India Cements and Balrampur Chini Mills to its F&O ban list for August 8, while retaining Indiabulls Housing Finance, Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Hindustan Copper and Piramal Enterprises to the said list.
Market wrap up(DWM,T,N,E):We have seen continuity in the upward journey for the second consecutive session with the benchmark indices gaining four-tenth of a percent on August 7. The Nifty50 remained above 19,500, which can be the immediate support, followed by 19,300, 5the hurdle is expected to be at the 19,600-19,700 area. If it gets surpassed and sustained, there is a possibility of Nifty breaking lower highs and lower lows formation. The Nifty50 jumped 80 points to 19,597 and formed a small-bodied bullish candle with minor upper and lower shadow, which resembles a Spinning Top formation on the daily charts, which is a reversal pattern. “Technically, this pattern indicates the formation of a Spinning Top-type candle pattern. Normally, such pattern formation after a reasonable decline or upmove signals impending reversal post-confirmation. Having shown a decent upside bounce from the lows in the last few sessions, the odds of reversal from the highs is likely,” A Spinning Top is often regarded as a neutral pattern that suggests indecisiveness in the market. It can be formed in an uptrend as well as in a downtrend. The negative chart pattern like lower tops and bottoms is intact as per the daily timeframe chart. Presently, the market is in line with another lower top formation, which needs to be confirmed with a decline from the highs. Immediate support is at 19,450 and any upside from here could encounter strong resistance around 19,700 levels, The BSE Sensex climbed 232 points to 65,953, while the Nifty Midcap 100 and Smallcap 100 indices rose half a percent and 0.2 percent respectively on positive breadth.
Nifty:19517/135.35/0.7%;Candle:OGU,Short day green; Bank Nifty:44879.5/366.05/0.82% Candle: OGU,Short day green; HB:OGU,1652, Long day green,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long44%FutCash;-556;Opt93%
OI data Nifty ( max pain W19500M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:PB Fintech, Barbeque-Nation Hospitality, Bayer Cropscience, Emami, Eris Lifesciences, Gland Pharma, Godrej Consumer Products, India Cements, Indigo Paints., ITD Cementation India, Krishna Institute of Medical Sciences, Medplus Health Services, Olectra Greentech, Paras Defence and Space Technologies, Ramco Cements, Ramco Systems, RateGain Travel Technologies, Sobha, Sun Pharma Advanced Research Company, Tata Chemicals, Torrent Pharmaceuticals, Ujjivan Financial Services, and Whirlpool of India will be in focus ahead of quarterly earnings on August 7.
The NSE has added Indiabulls Housing Finance to its F&O ban list for August 7, while retaining Gujarat Narmada Valley Fertilizers & Chemicals (GNFC), Hindustan Copper and Piramal Enterprises to the said list.
Market wrap up(DWM,T,N,E):The nice bounce back with taking support at 19,300 and coming back above 19,500 on August 4 was a relief rally for the markets after recent correction, but whether the Nifty can hold 19,500 is the key for further upside towards 19,600-19,700 levels. Unless the Nifty gives a strong close above 19,800, the rangebound action in the index is likely to continue in near term, with crucial support at 19,300-19,100 area, The Nifty50 jumped 135 points to 19,517 and formed bullish candlestick pattern, but largely traded within the previous day’s range, while the BSE Sensex jumped 481 points to 65,721. “Low made in last week is at 19,296 levels and if the same is broken we can expect move to 18,838. Nifty is at an important juncture as of now. On the upside, 19,800 is immediate hurdle and we can expect rangebound move between 19,290 – 19,800 levels next week before any directional move is seen,” break of this range will set the trend in that direction. It is best during such times to trade light and form Options strategy for range bound or consolidation movement, We have also seen good buying interest in broader markets as the Nifty Midcap 100 and Smallcap 100 indices gained 0.8 percent each on positive breadth.
Nifty:18634.55/-91.85/-0.49%;Candle:OF,Short day red; Bank Nifty: 43995.25/-280.05/-0.63% Candle:OGD,Short day red ; HB:OF,Doji, 1608,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long48%FutCash;212;Opt97%
OI data Nifty ( max pain W18650M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:The National Stock Exchange has retained Indiabulls Housing Financeand Manappuram Finance to its F&O ban list for June 9.
Market wrap up(DWM,T,N,E):The market has seen a correction for the first time in the last five consecutive sessions on June 8, after the RBI Monetary Policy Committee unanimously held the repo rate at 6.5 percent, in line with consensus expectations while retaining the withdrawal of accommodation stance by five out of six votes. Most of the sectors, barring metal, saw correction. The BSE Sensex fell 294 points to 62,849, while the Nifty50 declined 92 points to 18,635 and formed a bearish candlestick pattern on the daily charts, which experts feel is the short-term reversal of the trend. “A reasonable negative candle was formed on the daily chart with an upper shadow. Technically, this pattern indicates rejection of bulls at the highs and this could be considered as a short-term reversal pattern on the downside,” Thursday’s swing high could be considered as a new higher top of the sequence and further weakness for the short term is expected to be a higher bottom of the sequence.At the lows, Nifty could find cluster support like ascending trendline, 10-day and 20-day EMA (exponential moving average) around 18,560-18,450 levels, The broader markets also snapped rallies of several sessions as the Nifty Midcap 100 and Smallcap 100 indices fell 0.55 percent and 0.95 percent, respectively.
Nifty:19733.55/-20.25/-0.1%;Candle:OGU,short day red; Bank Nifty: 45592.55/-58.6/-0.13% Candle:OGU,Short day red ; HB:OF,Short day green,1666
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long51%FutCash;-93;Opt96%
OI data Nifty ( max pain W19700M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Titan Company, Ambuja Cements, Hindustan Petroleum Corporation, InterGlobe Aviation, Mankind Pharma, Godrej Properties, Aditya Birla Capital, Adani Wilmar, Engineers India, Firstsource Solutions, Fusion Micro Finance, Gateway Distriparks, Gujarat Gas, Indian Overseas Bank, Metropolis Healthcare, Narayana Hrudayalaya, Quess Corp, Sapphire Foods India, Sheela Foam, Strides Pharma Science, Vaibhav Global, and VIP Industries will be in focus ahead of quarterly earnings on August 2.
The NSE has added Hindustan Copper to its F&O ban list for August 2, while retaining Piramal Enterprises, and Indiabulls Housing Finance in the said list.
Market wrap up(DWM,T,N,E):We have seen yet another rangebound session in the market on August 1, consistently facing resistance at 19,800, which experts feel can play a crucial role for the next upmove if the Nifty50 gives a decisive close above it. The immediate support is likely at 19,700, followed by 19,600 levels. Till then, they expect the rangebound and volatile trade to continue for coming sessions. The Nifty50 was settled at 19,734 on Tuesday, down 20 points and formed a bearish candlestick on the daily timeframe, but continued with higher highs and higher lows formation, which still gives some hope for rebound amid ongoing consolidation. The traded volume was above average for yet another session. The Nifty traded in a narrow range of 19,700-19,800, maintaining its overall bullish sentiment. It stayed above the critical near-term moving average (21-day EMA which is placed at 19,550), reinforcing the positive outlook,” that a hidden positive divergence on the daily chart indicates a potential bullish reversal in price momentum. “Short-term prospects suggest a sideways to positive trend if the index stays above 18,550. A decisive move above 19,800 could drive the index towards the 20,000 mark,” The BSE Sensex closed at 66,459, down 68 points, but the broader markets maintained an uptrend, with the Nifty Midcap 100 and Smallcap 100 indices rising 0.03 percent and 0.68 percent respectively amid positive breadth. Three shares advanced for every two declining shares on the NSE.
Nifty:19979.15/146/0.74%;Candle:OGU,Long day green; Bank Nifty:46186.9/517.6/1.13% Candle:OGU,Long day green ; HB:F,Doji,1688,
Nifty :Supp Rest
Banknifty:Supp Rest .
SGX Nifty:% FII Long%FutCash;3370;Opt%
OI data Nifty ( max pain W19900M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Balrampur Chini Mills, and Punjab National Bank to its F&O ban list for July 21, while retaining Delta Corp, Indiabulls Housing Finance, L&T Finance Holdings, Manappuram Finance, and RBL Bank.
Market wrap up(DWM,T,N,E):Bulls dominated on weekly F&O expiry, taking the Nifty50 very close to much-awaited psychological 20,000-mark on July 20. Banking & financial services took the lead while supporting the market, along with FMCG stocks and index heavyweight Reliance Industries, while support was also seen from FIIs. It was yet another record closing day for the market. The BSE Sensex rallied 475 points to 67,572, while the Nifty50 rose 146 points to 19,979 and formed long bullish candlestick pattern on the daily charts. Also, we saw the index making higher tops, higher bottoms for a sixth straight session. “While market participants wait for a dip or consolidation, the bulls remain firmly in control, indicative of a strong ongoing bull trend. From a technical standpoint, there are no signs of weakness, but it’s crucial to remain vigilant as markets have a tendency to surprise participants off guard,” it would be wise to wait for some consolidation or profit booking before entering long positions as the market is in a super bull trend. the golden retracement target for the Nifty is around 20,100 – 20,200, posing an immediate obstacle, while with the recent vertical move, the immediate support is placed around the 19,750 – 19,650 zone. Traders should closely monitor these levels and consider playing within this range, Future open interest (OI) data also showed long build-up in five out of the previous six trading sessions, indicating strong buying interest. Nifty moved from 19,711 on July 17 to 19,979 on July 20, but the Put-Call Ratio (PCR) fell from 1.44 to 1.40 during the same period, signalling that the Put writers are not very comfortable adding positions at higher levels,
Nik, Dj,35459/176/0.5% Vix13.33/-7.5% US stock futures are flat as market is set to end july with solid gains,
Oil, Gold, Bonds, Dollar,
Nifty:19646.05/-13.85/-0.07%;Candle:F,Short day red; Bank Nifty:45468.1/-211.2/-0.46% Candle: OGD,Doji; HB:OGD,Short day red, BC,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FutCash;-1023;Opt%
OI data Nifty ( max pain W19650M)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:Maruti Suzuki India, GAIL (India), Power Grid Corporation of India, UPL, Bosch, Petronet LNG, Adani Green Energy, Adani Transmission, Bajaj Hindusthan Sugar, Butterfly Gandhimathi Appliances, Castrol India, Dhanlaxmi Bank, IRB Infrastructure Developers, JBM Auto, Lakshmi Machine Works, Navin Fluorine International, Oberoi Realty and Welspun India will be in focus ahead of quarterly earnings on July 31.
The NSE has added Indiabulls Housing Finance to its F&O ban list for July 31.
Market wrap up(DWM,T,N,E):The Nifty, which ended a tad lower on July 28, is expected to stay in the 19,500-19,800 range in the coming sessions, with a break on either side deciding the direction of the next move, experts said. “The Nifty is expected to find support around 19,500 levels, which coincides with the 20-day exponential moving average (DEMA) of 19,526 on the daily chart,” The Nifty ended 14 points lower at 19,646, while the Sensex closed 107 points lower at 66,160. The Nifty formed Doji candlestick on the daily charts, pointing to a tug-of-war between bulls and bears. Despite ending lower for the second day running, the index held on to the 20-day DEMA. It also closed above the previous day’s low of around 19,600, which, too, can act as support. On the higher side, 19,700-19,800, which have the maximum call open interest, are likely to be the critical levels. A close below 20 DEMA can lead to profit booking and initiation of fresh short positions, Ramani said. The Nifty needs to close above 19,800 for the uptrend to continue.
Nifty:19753.8/107.75/0.55%;Candle:Flat, short day green; Bank Nifty:45651.1/183/0.4% Candle:OGU,Short day green, ; HB:OGU,Doji,1651,
Nifty :Supp Rest
Banknifty:Supp Rest .
Gift Nifty:% FII Long%FustCash-701;Opt%
OI data Nifty ( max pain WM)
OI data Bank Nifty Nifty(max pain W M)
News:
Events/Results:
The NSE has added Piramal Enterprises to its F&O ban list for August 1, while retaining Indiabulls Housing Finance in the said list.
Market wrap up(DWM,T,N,E):The market has seen a rebound from the 19,600-19,500 area, which is expected to continue as a crucial support zone in coming sessions as crossing that level can bring more selling pressure. However, the resistance it faced at 19,800 is likely to remain critical for the northward journey towards the much-awaited psychological 20,000 mark. Till then, the rangebound action may continue in the market, experts said , The July sales numbers to be announced by auto companies on August 1 may also decide the next course of market action. “The bulls once again showed resilience to portray a buoyant undertone on July 31. As far as levels are concerned, 19,600 is likely to act as a cushion, while the pivotal zone of 19,500, coinciding with 20 DEMA (exponential moving average), is expected to act as sacrosanct support,” On the higher end, he feels a cluster of resistances can be seen around 19,800-20,000 in the comparable period. The market has reversed most of the losses seen in the previous two sessions and closed with over half a percent gains on July 31. The Nifty50 climbed 108 points to 19,754, backed by buying in most sectors, barring FMCG, and formed a bullish candlestick with a minor lower shadow on the daily charts, making higher high and higher low. The BSE Sensex jumped 367 points to 66,528, while the Nifty Midcap 100 and Smallcap 100 indices performed better than benchmarks, rising 1 percent and 0.9 percent respectively on positive breadth. Positive Asian peers also lifted sentiment in the domestic market.
