NIFTY 50:
The Nifty50 opening flat at 14,583.40, the Nifty hit the inteaday high at 14,619.90. After an initial hour of volatility, the index corrected to touch the day's low at 14,357.75, and end of the session close low at 14,371.90 levels, down 218.45 points or 1.50 per cent.
Index formed bearish candle daily scale, Weekly candle formed"Shooting Star pattern" its formed when the index comes under selling pressure as traders start profits booking  at higher levels. This pattern is usually forms in an uptrend, and it treated as a reversal pattern but it will require confirmation.

On the options trades, maximum Put options open interest was at 14,000 followed by 13,500 strike, while maximum Call option open interest was at 15,000 followed by 14,500 strike. Call option writing was seen at 14,500 then 14,700 levels strike, while Put option writing was seen at 13,800 and 14,000 levels strike.

Thr options data suggests that the Nifty could see an immediate trading range at 14,200 to 14,600 levels.

BANK NIFTY:
The Bank Nifty opened low at 32,088.00 and witnessed sustained selling pressure through out the day,and touching an intraday low at 31,119.90 levels. The index closed at the end of the session low at 31,167.25 levels, down 1,019.65 points or 3.17 per cent.
The bank nifty index formed a bearish candle on daily and weekly charts, it remains below 31,750, bounce could be sold for the down side move towards 30,500 while on the up side hurdles are seen at 32,000 and 32,200.
NIFTY TOP 5 GAINERS AND LOSERS:
GAINERS: BAJAJ-AUTO, HEROMOTOCO, EICHERMOT, HINDUNILVR and ULTRACEMCO.
LOSERS: AXISBANK, ASIANPAINT, JSWSTEEL, ICICIBANK and HINDALCO