{"id":1842,"date":"2023-12-06T01:12:42","date_gmt":"2023-12-06T01:12:42","guid":{"rendered":"https:\/\/fintechcentre.in\/articles\/?p=1842"},"modified":"2023-12-06T01:12:42","modified_gmt":"2023-12-06T01:12:42","slug":"things-to-notetradersinvestors-6th-dec-2023-wed8-20am-clone","status":"publish","type":"post","link":"https:\/\/fintechcentre.in\/articles\/2023\/12\/06\/things-to-notetradersinvestors-6th-dec-2023-wed8-20am-clone\/","title":{"rendered":"Things to note(Traders&Investors): 6th Dec 2023 Wed,@8.20AM Clone"},"content":{"rendered":"\n

Nik, Dj, Vix<\/li>\n\n\n\n
Oil,\u00a0 Gold, Bonds, Dollar,<\/li>\n\n\n\n
Nifty:20855.1\/168.3\/0.81%;Candle:OGU,Doji; Bank Nifty:47012.25\/580.85\/1.25% Candle:OGU,Doji ; HB:OGU,Short day red,1625,<\/li>\n\n\n\n
Nifty :Supp Rest<\/li>\n\n\n\n
Banknifty:Supp Rest .<\/li>\n\n\n\n
Gift Nifty:%\u00a0 \u00a0 \u00a0FII Long49%FutCash;5223;Opt97%<\/li>\n\n\n\n
OI data Nifty \u00a0( max pain W20700M)<\/li>\n\n\n\n
OI data Bank Nifty Nifty(max pain W M)<\/li>\n\n\n\n
News:<\/li>\n\n\n\n
Events\/Results:<\/li>\n\n\n\n
The NSE has retained Delta Corp, Indiabulls Housing Finance, India Cements and Zee Entertainment Enterprises to its F&O ban list for December 6.<\/li>\n\n\n\n
Market wrap up(DWM,T,N,E):Given the support-based buying for yet another session with a consistent gap-up opening and formation of higher highs, and higher lows for six days in a row, experts remain positive on the Nifty50 and expect the 21,000 mark in the coming days and holding the same can take the index towards 21,500 mark, with support at 20,700-20,500 area. The momentum indicator RSI (relative strength index) reached to overbought levels (83) on the daily charts, but still showed uptrends on daily, weekly and monthly charts. <\/li>\n\n\n\n
On December 5, the BSE Sensex rallied 431 points to 69,296, while the Nifty50 climbed 168 points to 20,855 and formed a bullish candlestick pattern with a long lower shadow on the daily scale. This pattern indicates that the index has seen some profit-taking but has seen buying interest at lower levels.<\/li>\n\n\n\n
\u201cThe prevailing trend stays positive, supported by the critical moving average. The RSI\u2019s bullish crossover signifies a positive momentum,\u201d Rupak De, senior technical analyst at LKP Securities said.<\/li>\n\n\n\n
Towards higher levels, he feels the Nifty faces resistance at 21,000, a zone where significant Call writers have positioned themselves. Conversely, the support is situated at 20,700 on the lower end, he said.<\/li>\n\n\n\n
Jatin Gedia, technical research analyst at Sharekhan by BNP Paribas said the hourly momentum indicator has triggered a negative crossover which is a sign of loss of momentum on the upside, but until prices show evidence of a correction, they will continue to ride the up move with a trailing stop-loss mechanism.<\/li>\n\n\n\n
On the upside, he feels 21,000 \u2013 21,060 shall act as an immediate hurdle zone and 20,720 \u2013 20,700 shall act as a crucial support zone and should also be kept as a trailing stop-loss for the longs on the index.<\/li>\n\n\n\n
India VIX, which measures the expected volatility in the Nifty50 for the next thirty days, climbed for yet another session, closing 3.57 percent higher at 13.46 levels, the highest level in the last more than eight months.<\/li>\n\n\n\n
The broader markets did not trade in line with the benchmarks and the breadth was also in favour of bears, which is cause for concern. The Nifty Midcap 100 and Smallcap 100 indices are 0.5 percent and 0.1 percent respectively.<\/li>\n<\/ul>\n\n\n\n
$\"\"$ <\/figure>\n\n\n\n
$\"\"$ <\/figure>\n<\/body>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-1842","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/fintechcentre.in\/articles\/wp-json\/wp\/v2\/posts\/1842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fintechcentre.in\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fintechcentre.in\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fintechcentre.in\/articles\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fintechcentre.in\/articles\/wp-json\/wp\/v2\/comments?post=1842"}],"version-history":[{"count":9,"href":"https:\/\/fintechcentre.in\/articles\/wp-json\/wp\/v2\/posts\/1842\/revisions"}],"predecessor-version":[{"id":1853,"href":"https:\/\/fintechcentre.in\/articles\/wp-json\/wp\/v2\/posts\/1842\/revisions\/1853"}],"wp:attachment":[{"href":"https:\/\/fintechcentre.in\/articles\/wp-json\/wp\/v2\/media?parent=1842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fintechcentre.in\/articles\/wp-json\/wp\/v2\/categories?post=1842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fintechcentre.in\/articles\/wp-json\/wp\/v2\/tags?post=1842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}