Nifty is trending down 0 584

Pre Market Updates Friday February 15, 2019
Nifty levels

Today Trends:

  • 10.00am data shows, HDFC twins dragging down both Nifty and Bank Nifty.
  • If there is any recover in this counter both index likely to follow them
  • Nifty is trending down

Outlook:

  • Global cues are very bad
  • Mast Asian markets are down by around 1% on Friday after grim US retail sales figures raised fresh doubts
  • Nifty daily closing at a lower price than previous days close for 6th days
  • Yesterday was a Yes Bank day. It shot up 31% and which helped about 215.01 points up in bank nifty index. That saved the Bank Nifty from collapsing.
  • Crude prices gaining for a fourth day and OMCs counters facing selling pressure.
  • Meaningful Call writing was seen at 10,800.It will act as a crucial resistance for the February series.
  • January month low 10583 is suppose to be the last support for February series
  • Nifty likely to face resistance at 10780 and support at 10680.

Simple Moving Averages:

  • 50 days SMA: 10817
  • 150 days SMA: 10911
  • 200 days SMA: 10858

Nifty Chart Formations:  Candlestick and Patterns

Candlestick:  

  • Nifty forms bearish candle for the 6th day in a row.
  • Six consecutive sessions of fall appears to have dragged down the Nifty50 into oversold territories from where a bounce back looks inevitable.

Patterns:  

  • Formation of Nifty share is in downtrend.

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 10750
  • Bank Nifty max pain level currently at 26900

Put Call Ratio

  • Nifty PCR at 1.05
  • Nifty Bank PCR at 1.36.

Max O.I Strikes

  • Nifty: 10700 PE and 10800 CE
  • Bank Nifty: 26000 PE and 26900 CE

FII & DII Net Purchase / Sales

  • FII: -250.23 CR
  • DII: 1,225.24CR

F&O Stocks under Ban: 7 securities under F&O ban

  • ADANIENT
  • CGPower
  • IDBI
  • JETAIRWAYS
  • JISLJALEQS
  • RELCAPITAL
  • RPOWER

FnO Earnings 

  • Nill

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

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.

Send this to a friend