Nifty is trending down 0 533

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.

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Nifty likely to trade with limited upside 0 628

Pre Market Updates Tuesday February 19, 2019
Nifty levels

Positive Points:

  • DIIs have bought for Rs 2337 crores.

Negative Points:

  • US oil prices hit a three-month high on Tuesday
  • India VIX witnessed a sharp spike and ended 10.4% higher at 18.17. Sudden upside in the VIX restricts immediate upside in the near term.

Outlook:

  • Looks like market participants have turned cautious ahead of the general election, the rise in crude oil prices, developments around Brexit deal, movement of rupee against the US dollar and geopolitical concerns.
  • More than 300 stocks on the NSE hit a fresh 52-week low
  • More than 500 stocks on the BSE hit a fresh 52-week low
  • Nifty likely to trade with limited upside
  • Problem will be only when Nifty falls below 10550.If these levels are broken, then Nifty is likely to revisit 10000.
  • Nifty likely to face resistance at 10760 and support at 10620.

Simple Moving Averages:

  • 50 days SMA: 10816
  • 150 days SMA: 10909
  • 200 days SMA: 10860

Nifty Chart Formations:  Candlestick and Patterns

Candlestick:  Bearish candle

  • Nifty forms bearish candle for the 8th day in a row.
  • This candlestick implies relatively strong selling pressure, and shows that prices declined during the day significantly from open to close and the sellers were aggressive.

Patterns:  Ending Diagonal Pattern

  • Nifty index breached lower end of the multi week Ending Diagonal pattern on closing basis
  • Losing momentum to the downside, when prices finally turn bullish, it can be a swift correction to the upside.
  • This wave often occurs when the preceding move of the trend has gone too far, too fast and has run out of steam.
  • In all cases, they are found at the end of the higher degree motive or corrective wave.
  • This wave pattern indicates the termination of the previous trend of one higher degree.

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 10800
  • Bank Nifty max pain level currently at 26800

Put Call Ratio

  • Nifty PCR at 0.95
  • Nifty Bank PCR at 1.31.

Max O.I Strikes

  • Nifty: 10600 PE and 10800 CE
  • Bank Nifty: 26000 PE and 2700 CE

FII & DII Net Purchase / Sales

  • FII: -1,239.79 CR
  • DII: 2,336.74 CR

F&O Stocks under Ban: 8 securities under F&O ban

  • ADANIENT
  • CGPOWER
  • IDBI
  • JETAIRWAYS
  • JISLJALEQS
  • PCJEWELLER
  • RELINFRA
  • RPOWER

FnO Earnings

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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