Possible for upside 0 660

Pre Market Updates Tuesday February 05, 2019
Nifty levels

Positive Points:

  • Nifty Futures and Bank Nifty Futures added fresh long positions .
  • India Vix ended the session 0.44% lower at 15.6.

Negative Points:

  • US oil prices inched up on Tuesday
  • Brent crude advanced 0.9% to $63.34 a barrel, the highest in almost 11 weeks as output fell.

Outlook:

  • Monday was the fifth time Nifty entering into 10900 zone in the last four months.
  • Between most of the time Nifty trading in the 10700-10900 levels. That shows the strength in the market set up.
  • Nifty saw a very strong comeback Whenever prices goes to 10700 levels in last four months
  • Nifty current price is within 3.0% of Three Month High of 10987.5 touched on 21-Jan-19.
  • Nifty will be even strong If it manage to breakout and stay above 11000 levels atleast for one hour, after we can see a strong rally.
  • Then it will create positive sentiments to all counters. Mid cap and small cap will become super bullish after that.
  • Will Nifty break 11000 levels? That is a billion dollar question.
  • Possible for upside is 11,200 plus, before that Nifty continues to face strong resistance near 11,000.
  • Nifty likely to face resistance at 10980 and support at 10840.

Simple Moving Averages

  • 50 days SMA: 10795
  • 150 days SMA: 10901
  • 200 days SMA: 10846

Nifty Chart Formations:  Candlestick

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 27100

Put Call Ratio

  • Nifty PCR at 1.42
  • Nifty Bank PCR at 1.54.

Max O.I Strikes

  • Nifty: 10700 PE and 11000 CE
  • Bank Nifty: 26500 PE and 27500 CE

FII & DII Net Purchase / Sales

  • FII: -112.13 CR
  • DII: -65.22 CR

F&O Stocks under Ban: 2 securities under F&O ban

  • DHFL
  • IDBI

FnO Earnings

  • TORNTPOWER
  • MARICO
  • TECHM
  • GAIL
  • ACC
  • HINDPETRO
  • MRPL
  • TATACHEM
  • TATAGLOBAL
  • BHEL
  • APOLLOTYRE
  • DISHTV
  • RELINFRA
  • CESC
  • PNB
  • DLF

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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