Indian Markets Likely To Follow Weak Global Cues 0 1117

Pre Market Updates Friday December 14, 2018

Nifty levels

Positive Points:

  • Banks and non-banking financial companies (NBFCs) doing well on hope of new RBI governor may do favor for them.
  • China appeared to be taking more steps to meet US demands to open its markets.
  • Brexit, relief after British Prime Minister Theresa May survived a no-confidence vote

Negative Points:

  • Rupee declined by 16 paise to close at 72.01 against the US dollar.


  • Indian markets likely to follow Weak global cues
  • Asian shares extend losses after disappointing Chinese data
  • Yesterday, markets extend their gains to the third consecutive day led by gains in frontline banking and IT stocks.
  • But today Indian markets likely to follow weak global cues
  • Expect a negative trend today.
  • Banking stocks will be in focus as Piyush Goyal openly talking about using RBI money to help banks. Good news for PSU counters.
  • Meaningful Call writing was seen at 10,900 strike price.
  • 10900-10950 levels will act as a crucial resistance level for the December series.
  • Nifty likely to face resistance at 10820 and support at 10640.

Nifty50 Chart Analysis:  Spinning Top Candle

  • Nifty formed Spinning Top candle on the daily charts.
  • Represent the areas of uncertainty.
  • It can be formed in an uptrend as well as a downtrend.

FII & DII Net Purchase / Sales

  • FII: 14 CR
  • DII: -51.86 CR

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 10700
  • Bank Nifty max pain level currently at 26800

Put Call Ratio

  • Nifty PCR at 1. 27
  • Nifty Bank PCR at 1.

Max O.I Strikes

  • Nifty: 10000 PE and 11000 CE
  • Bank Nifty: 26700 PE and 27000 CE

FnO Stocks under Ban


FnO Earnings to Watch

  • Nill

Disclaimer: The views expressed by investment expert on are his own and data available from advises users to check with certified experts before taking any investment decisions.

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