Market Facing Multiple Hurdles In Higher Levels 0 1329

Pre Market Updates Tuesday January 08, 2019
Nifty levels


  • 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

  • Jet

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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