Global Markets Sinking As Treasury Rates Spike in U.S. 0 1572

Negative Points:

• The sudden sell-off in U.S markets by looking at the bond market. Simply put, stocks are sinking as Treasury rates spike.
• The Dow plunged 832 points, or 3.2%, on Wednesday. Tech stocks took a beating, sending the Nasdaq tumbling 4% — its worst day since the Brexit referendum of June 2016.
• All Global markets sinking as Treasury rates spike in U.S.

Positive Points:

• Oil extend big losses from the previous session.
• Rupee rebounds from lifetime lows.

Outlook:

• Yesterday gains were nothing but a relief rally. Fundamentally, nothing has changed for the index.
• But pressure on markets in general is expected to continue as weak global clue continues.
• Today everybody expecting 2.5% gap down.
• Nifty likely to face resistance at 10300 and Support at 10100

Nifty50 Chart Analysis:  

• NSE index formed bullish candle on the daily charts and negated the formation of lower highs for previous six consecutive trading sessions.

FII & DII Net Purchase / Sales

• FII:-1242 Cr
• DII: +1526 Cr

Options Data Tracking

Max Pain

• Nifty max pain level currently at 10800
• Bank Nifty max pain level currently at 25100

Put Call Ratio

• Nifty PCR at 1.14
• Nifty Bank PCR at 0.95.

Max O.I Strikes

• Nifty: 11000 CEand 10000 PE
• Bank Nifty: 25000CE, 24000 PE

FnO Stocks under Ban

• IDBI

Earnings to Watch

Thursday, October 11, 2018

• Bajaj Corp
• G M Breweries Ltd
• Tata Consultancy

Friday, October 12, 2018

• 3i Infotec
• Hindustan Unilever
• Karnataka Bank
• TV18 Broadcast
• Tata Sponge Iron

Saturday, October 13, 2018

• Jay Bharat Maruti Ltd