Nifty looks positive 0 701

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 likely to trade with limited upside 0 627

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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