{"id":2924,"date":"2024-05-09T01:47:33","date_gmt":"2024-05-09T01:47:33","guid":{"rendered":"https:\/\/fintechcentre.in\/articles\/?p=2924"},"modified":"2024-05-09T01:52:08","modified_gmt":"2024-05-09T01:52:08","slug":"things-to-notetradersinvestors10-may-2024-fri8-20am-clone","status":"publish","type":"post","link":"https:\/\/fintechcentre.in\/articles\/2024\/05\/09\/things-to-notetradersinvestors10-may-2024-fri8-20am-clone\/","title":{"rendered":"Things to note(Traders&Investors):9 May 2024 Thurs,@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:22302.5\/0\/0%;Candle:OGD,Short day Green; Bank Nifty:48021.1\/-264.25\/-0.55% Candle:OGD, ; HB:OGD,Short day red,1484,<\/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 Long39%FutCash;-6669;Opt88%<\/li>\n\n\n\n
OI data Nifty \u00a0( max pain W22350M)<\/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:Tata Motors, Eicher Motors, Cipla, ABB India, Bank of Baroda, Bank of India, Union Bank of India, Aarti Industries, Dilip Buildcon, Finolex Industries, Kalyan Jewellers India, Dr Lal PathLabs, Polycab India, Sundaram-Clayton, and Thermax will release January-March quarter earnings on May 9.<\/li>\n\n\n\n
The NSE has added Canara Bank, and Piramal Enterprises to the F&O ban list for May 9, while retaining Aditya Birla Fashion & Retail, Balrampur Chini Mills, Biocon, GMR Airports Infrastructure, Vodafone Idea, Punjab National Bank, SAIL, and Zee Entertainment Enterprises to the said list.<\/li>\n\n\n\n
Market wrap up(DWM,T,N,E):The market still strongly held above the lower end of rising channel (placed around 22,150), which can act as a key support for the Nifty 50 in immediate term. In fact, the index went closer to the same levels during the day, but bounced back and closed above 50-day EMA (exponential moving average placed at 22,243). Hence, the index is likely to consolidate above the support (22,150) levels and may face resistance at 22,400-22,500 levels in the coming days, but if it breaks the said support, then the fall may extend up to 22,000 mark, experts said. On May 8, the BSE Sensex was down 45 points at 73,466, while the Nifty 50 was unchanged at 22,302.5 and formed small bullish candlestick pattern with minor upper and lower shadows, which resembles high wave kind of pattern (though not identical one) on the daily charts, indicating the possibility of rebound. \u201cTechnically, there\u2019s no change, but a positive note that can be considered is the price holding at a crucial support level, coinciding with a bullish gap and 61.8 percent retracement of the rally seen from April lows. The oversold intra-day conditions prompted prices to defend these key levels,\u201d Going ahead, he feels the focus is on how prices react around 22,150 \u2013 22,100 levels; a breach could signal a \u2018Rising Channel\u2019 breakdown, potentially leading to further decline towards 22,000 and testing April lows of 21,800 in the near term. Although a break of this support sooner or later is not expected, short-term consolidation or a relief bounce from current levels due to oversold conditions cannot be ruled out, he said. In such a scenario, Bhosale advises that intraday traders can emphasize stock-specific movements, considering the improved broader market conditions seen on Wednesday, while positional traders might view this bounce as an opportunity to trim long positions, especially as the market approaches Lok-Sabha election results. On the broader markets front, the Nifty Midcap 100 and Smallcap 100 indices outperformed, rising 0.7 percent and 0.6 percent, respectively. Meanwhile, the India VIX, the fear index, rose 0.42 percent to 17.08, from 17.01 levels, continuing uptrend for 10th consecutive day. In 10 days, it rallied nearly 67 percent, keeping the bulls at uncomfortable position.<\/li>\n<\/ul>\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-2924","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\/2924","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=2924"}],"version-history":[{"count":13,"href":"https:\/\/fintechcentre.in\/articles\/wp-json\/wp\/v2\/posts\/2924\/revisions"}],"predecessor-version":[{"id":2956,"href":"https:\/\/fintechcentre.in\/articles\/wp-json\/wp\/v2\/posts\/2924\/revisions\/2956"}],"wp:attachment":[{"href":"https:\/\/fintechcentre.in\/articles\/wp-json\/wp\/v2\/media?parent=2924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fintechcentre.in\/articles\/wp-json\/wp\/v2\/categories?post=2924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fintechcentre.in\/articles\/wp-json\/wp\/v2\/tags?post=2924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}