Possible for upside 0 615

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 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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