Markets likely to stabilize 0 547

Pre Market Updates Wednesday February 13, 2019
Nifty levels

Positive Points:

  • Positive sentiment on US-China trade talks may boost the sentiment.
  • Most Asian indices trading in the green as following a rally in global equities on trade talks optimism between US-China.

Negative Points:

  • Nifty contracts & Bank Nifty contracts added fresh short positions
  • Brent crude ended 1.48% higher at $62.42/barrel.

Outlook:

  • Nifty down by 300 points from recent high.
  • Although Nifty extended its losing streak for the third consecutive session, the majority of the momentum oscillators are in the oversold zone, the possibility of a bounce back cannot be ruled out
  • However, a close below the strong support of 50 DMA (10,817) will push prices lower levels
  • Upside may be limited in coming days and also may not continue to fall.
  • Markets likely to stabilize in current levels.
  • Today our markets are likely to react to the twin macroeconomic data that were released post market hours on Tuesday.
  • Retail inflation eased to a 19-month low of 2.05 per cent on lower food prices.
  • Industrial output in December 2018 was the slowest in the last 17 months at 2.4 per cent.
  • Nifty likely to face resistance at 10920 and support at 10820.

Simple Moving Averages:

  • 50 days SMA: 10809
  • 150 days SMA: 10905
  • 200 days SMA: 10850

Nifty Chart Formations:  Candlestick and Patterns

Candlestick:  Bullish candle

  • Nifty forms bearish candle for the 4th day in a row.

Patterns:  

  • Formation of Nifty share is in oversold.

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 10900
  • Bank Nifty max pain level currently at 27100

Put Call Ratio

  • Nifty PCR at 1.21
  • Nifty Bank PCR at 1.49.

Max O.I Strikes

  • Nifty: 10800 PE and 10900 CE
  • Bank Nifty: 27000 PE and 27300 CE

FII & DII Net Purchase / Sales

  • FII: -466.78 CR
  • DII: -122.64 CR

F&O Stocks under Ban: 6 securities under F&O ban

  • ADANIENT
  • DHFL
  • IDBI
  • JETAIRWAYS
  • RELCAPITAL
  • RPOWER

FnO Earnings

  • BOSCHLTD
  • REPCOHOME
  • GODREJIND
  • NBCC
  • OFSS
  • BHARATFORG
  • RELCAPITAL

Disclaimer: The views expressed by investment expert on rollnreel.com are his own and data available from nseindia.com. Rollnreel.com advises users to check with certified experts before taking any investment decisions.

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NIFTY VS 2019 GENERAL ELECTION 0 738

Nifty levels

Nifty analysis after BJP won the 2014 general election

  • Before 2014 Indian general election market consolidated for almost six months
  • In 2014 middle, BJP took 336 seats and formed a majority government.
  • Market celebrated BJP robust winning and it took Nifty to reach 9000 levels from 6000 levels.
  • 2015 was the period of decline in Nifty50 and global markets as well. Fall in petroleum prices, Greek debt default, sharp rise in US bond yields and Brexit bought stock market selloffs globally.
  • 2016 – 2017 shocking results of the Brexit referendum, the victory of Donald Trump in the US Election and Demonetization move by the Indian Government driven the market towards 10000 marks in the card.
  • 2018 was the year of consolidation. Driven by the Union budget of India and Global breakdown, rumors of Fraud by Housing Loan companies, Oil price Increase and rupee fall against US Dollar.
  • From 2018 Nifty consolidating between 11500 and 10000.
  • Especially last five months facing tough resistance around 11000 and taking crucial support from 10000.

Psychological levels

So for in Nifty 6000, 7000, 8000, 9000, 10000 and 11000 levels acting as a good psychological levels. Every thousand counts performing as a good support and resistance in the charts. On Friday, 8th March  2019, Nifty prices closed above 11000 psychological levels in the weekly scale. Even though most analysts believe that the market seems to be in an overbought zone still election 11000 marks will act as a crucial support and consolidation could be seen further or we can face higher level weakness.

Nifty levels

Nifty levels if the BJP win or out in the 2019 general election

Market wouldn’t care which party going to win in 2019 Indian general election. It may be BJP or Congress

  • With Majority wins – Rally towards 12000 levels
  • Without Majority win- Downwards to 9000 levels

Disclaimer: The views expressed by investment expert on rollnreel.com are his own and data available from nseindia.com. Rollnreel.com advises users to check with certified experts before taking any investment decisions.

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