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NIFTY 50 ANALYSIS
On April 22, Nifty 50 opened at 22292, up 145 points compared to Friday. Nifty 50 hit a high of 22374 and a low of 22200 during the day's trading session. Nifty 50 had closed below its 20 ema (22368) on 15th April but today again Nifty 50 closed above 20 ema. Nifty 50 has closed above 22300 today. According to technical analysts, this closing will be considered good.
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| NIFTY 50 CLOSE ABOVE 20 EMA |
In Nifty 50 today, the number of rising stocks was 44 and the number of falling stocks was 6. Nifty 50 gained 0.86% in today's trading session.
ICICI Bank (1.82%), LT (2.68%), INFY (1.52%), Reliance (0.66%), and Axis Bank (2.41%) were among the top gainers of Nifty 50 today. Reliance's quarterly results are also to be released today. Let's see what kind of results Reliance presents. Looking at today's performance, Reliance's quarterly results may be excellent.
HDFC Bank (1.82%), NTPC (2.68%), JSW STEEL (1.52%), INDUSIND BANK (0.66%) and BAJAJ AUTO (2.41%) were among the top losers of Nifty 50 today.
From the image given below, you can see which stocks pulled Nifty 50 up and down.
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| NIFTY 50 PULLERS AND DRAGGERS |
BANK NIFTY 50 ANALYSIS
Bank Nifty also did not lag behind Nifty 50 in terms of rise. Bank Nifty rose by 0.74% in today's trading session. Bank Nifty opened today at 48007, up 423 points compared to Friday. Bank Nifty hit a high of 48008 and a low of 47633 during today's trading session.
Hammer candles were seen forming in Bank Nifty on Monday, which is an indicator of bullishness.
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| BANK NIFTY INDEX |
There was tremendous growth in both private banks and government banks today. There was tremendous growth in ICICI Bank (1.89%), Axis Bank (2.33%), IndusInd Bank (0.06%), Kotak Mahindra Bank (1.02%), SBI Bank (2.36%), Canara Bank (3.67%), Bank of Baroda (1.91%), PNB Bank (4.33%).
SECTOR PERFORMANCE ANALYSIS
If we talk about sector performance, buying activity was seen in every sector today. The sector that rose the most was PSU banks. PSU bank index rose 3.07%.
You can see the performance of the remaining sectors in the picture given below.
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| SECTOR PERFOMANCE |
NIFTY MIDCAP & NIFTY SMALL CAP ANALYSIS
Nifty Small cap rose more than Nifty Midcap. Nifty Small Cap gained 1.31% while Nifty Midcap gained 0.82%. The advance-decline ratio in Nifty Midcap was 64 and 34 while the advance-decline ratio in Nifty Small Cap was 77 and 21. Nifty Midcap closed at 48696 on Friday and Opened at 49099 compared to Friday. Nifty Midcap traded in a limited range throughout the day. Nifty Midcap closes at 49159.
Nifty Small Cap closed at 16270. On Monday, Nifty Small Cap opened at 16380 and closed at 16496.
OPTION CHAIN DATA ANALYSIS
Talking about Option Chain data, put writers dominated today's trading session. Today, Put Writers made the maximum trading position at 22300, while Call Writers made the maximum trading position at 22600.
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| OPTION CHAIN DATA ANALYSIS |
Talking about Bank Nifty, maximum call writing is happening at the strike of 48000, and put writing is happening at the strike of 47000. Meaning for now there is a range of 1000 points for Bank Nifty.
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| OPTION CHAIN DATA ANALYSIS |
FII & DII DATA ANALYSIS
FII once again adopted a selling stance. FII sold Rs 2915 crore on Monday. DII made purchases worth Rs 3543 crore.
FII has adopted the BEARISH stance for a long time. If FIIs keep selling their goods like this, will the market be able to hit a lifetime high again?
