Nifty looks positive 0 751

Pre Market Updates Wednesday February 06, 2019
Nifty levels

Positive Points:

  • Nifty Futures and Bank Nifty Futures added fresh long positions
  • India Vix trading below 16 mark.

Negative Points:

  • Oil prices edged higher.

Outlook:

  • Nifty trading well near crucial resistance. It traded above 10900 whole session yesterday.
  • Nifty index manage to ends higher for the fourth consecutive sessions.
  • Nifty looks positive
  • Most analysts feel investors should continue holding long positions and add fresh positions only after a breakout above 10985 which could open room for the index towards higher levels of 11080-11200 levels.
  • Bank Nifty will be volatile ahead of RBI policy tomorrow.
  • Investors globally await US President Donald Trump’s State of the Union address, which may drop some hints on the progress in US-China trade talks.
  • Nifty likely to face resistance at 11020 and support at 10900.

Simple Moving Averages: 50 days exponential moving average has crossed above 100 EMA after 74 days. Previous crossover happened on 19-Oct-18.

  • 50 days SMA: 10802
  • 150 days SMA: 10902
  • 200 days SMA: 10848

Nifty Chart Formations:  Candlestick and Patterns

Candlestick:  Bullish candle

  • Nifty forms bullish candle on the daily chart
  • It reflecting smart buying in the lower levels.

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 10900
  • Bank Nifty max pain level currently at 27200

Put Call Ratio

  • Nifty PCR at 1.43
  • Nifty Bank PCR at 1.55.

Max O.I Strikes

  • Nifty: 10700 PE and 11000 CE
  • Bank Nifty: 27000 PE and 27500 CE

FII & DII Net Purchase / Sales

  • FII: 65 CR
  • DII: 194.31 CR

F&O Stocks under Ban: 4 securities under F&O ban

  • DHFL
  • IDBI
  • JETAIRWAYS
  • RELCAPITAL

FnO Earnings

  • CIPLA
  • JSWSTEEL
  • CUMMINSIND
  • CGPOWER
  • ALBK
  • PTC
  • MANAPPURAM
  • LUPIN
  • ADANIPORTS
  • ADANIPOWER
  • IGL
  • SIEMENS
  • MUTHOOTFIN
  • IDEA

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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