Market Facing Multiple Hurdles In Higher Levels | Market

Outlook:

Investors are still struggling to pick a direction after the wild ending to 2018.
The index has been forming higher swings lows but at the same time finding multiple hurdles at 10925-10985 zones.
VIX needs to hold below 16 zones to again get a bounce back move in the market. Otherwise, the roller coaster ride could continue
11,000 will act as a crucial resistance level for the January series.
10,500 will act as a crucial support level for the January series.
Positive bias may continue as long as the index stays above the 10,741 level.
Nifty likely to face resistance at 10890 and support at 10740.

Nifty50 Chart Analysis: Spinning Top candle

Nifty formed Spinning Top candle on the daily charts.
Nifty formed Hammer 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: 18 CR
DII: -141.97 CR

Options Data Tracking

Max Pain

Nifty max pain level currently at 10800
Bank Nifty max pain level currently at 27300

Put Call Ratio

Nifty PCR at 1.10
Nifty Bank PCR at 1.35.

Max O.I Strikes

Nifty: 10500 PE and 11000 CE
Bank Nifty: 27000 PE and 27500 CE

FnO Stocks under Ban

ADANIPOWER
Jet

FnO Earnings to Watch

Nill

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