Bounce back Is Expected This Week 0 1296

Pre Market Updates: Monday October 1, 2018
Nifty levels
  • India VIX moved down by 1.24 percent to 16.71 levels. It has spiked by 9.36 percent in this week while up by 35 percent in this month
  • Rising volatility suggests that bears are holding the tight grip on the market
  • Next big news is on RBI’s monitory policy coming this week.
  • Bounce back Is Expected This Week.
  • Today Auto and Cement monthly sales data will influence the auto and cement stocks.
  • Today Nifty likely to trade in the range of 11100-10900

Nifty50 Technical Analysis: Bearish Engulfing.

  • Bearish Engulfing Pattern formed in monthly chart
  • it is a reversal candlestick pattern which is bearish in nature and appears at the end of an uptrend. It is a complex pattern made of two candlelines.
  • The first candle is bullish in nature and the second is bearish in nature.

Put Call Ratio

  • Nifty PCR at 1.33 versus 1.35
  • Nifty Bank PCR at 0.88 versus 0.72
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