Consolidation at higher levels 0 493

Pre Market Updates Thursday March 7, 2019
Nifty levels

Outlook:

  • Fresh long open positions added in Bank Nifty futures for the third trading day in a row.
  • After crossing psychological 11000 levels, short term trend is expected to be positive, but there could be some consolidation at higher levels following three-day rally.
  • Weekly expiry will bring add some volatility in today sessions.
  • Also we can expect some sharp move in the closing hour.
  • Nifty likely to face resistance at 11120 and support at 11000.

Simple Moving Averages:

  • 50 days SMA: 10828
  • 150 days SMA: 10895
  • 200 days SMA: 10865

Nifty Chart Formations:  Candlestick and Patterns

Candlestick:  bullish candle

  • Nifty formed a bullish candle for third day.

Patterns:  Rectangle channel patterns

  • Price is currently hovering near resistance.
  • It can occur in any direction upside or downside.
  • If the breakout is in upside direction, it indicates that the bulls have taken over bears and indicates a buy signal.
  • However if the breakout is in downside direction it indicates selling pressure or victory of bears over bulls and indicates a sell signal..

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 11000
  • Bank Nifty max pain level currently at 27500

Put Call Ratio

  • Nifty PCR at 1.51
  • Nifty Bank PCR at 1.05.

Max O.I Strikes

  • Nifty: 11000 PE and 11100 CE
  • Bank Nifty: 27400 PE and 27700 CE

FII & DII Net Purchase / Sales

  • FII: 1,130.78 CR
  • DII: -878.45 CR

Securities in ban period for F&O segment: 3 securities under ban

  • IDBI
  • RPOWER
  • WOCKPHARMA

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

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Formation of Nifty50 is in downtrend 0 524

Pre Market Updates Monday February 18, 2019
Nifty levels

Outlook:

  • Now a days, due to over open positions I can’t write pre-market updates on time. From March I will schedule to post daily article before 8.00am.
  • RBI board meeting, GST Council meet, US-China trade talks, crude oil prices, movement of rupee against the US dollar and the last leg of corporate earnings are among the major events that market may take cues from this week.
  • Nifty50 traded continuously in negative candles for seven sessions.
  • On Friday, recovery around the closing session shows buyers gaining the momentum.
  • And also, If markets move above 10800, again shorts may like to enter the system.
  • Nifty likely to trade within Friday range.
  • Friday high and low points may act as a immediate range for Nifty which falls around at 10620-10780.
  • Huge open positions were added in both OTM call and put option strikes along with a rise in implied volatility, indicating a possibility of a continued volatile scenario for the index going forward.
  • Nifty likely to face resistance at 10780 and support at 10620.

Simple Moving Averages:

  • 50 days SMA: 10817
  • 150 days SMA: 10911
  • 200 days SMA: 10860

Nifty Chart Formations:  Candlestick and Patterns

Candlestick:  Hammer candle

  • Nifty50 formed Hammer candle on the daily charts
  • Trend reversal patterns
  • The bears have lost control.
  • It reflecting smart buying in the lower levels.

Patterns:  

  • Formation of Nifty50 is in downtrend.

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 10700
  • Bank Nifty max pain level currently at 27000

Put Call Ratio

  • Nifty PCR at 1.01
  • Nifty Bank PCR at 1.31.

Max O.I Strikes

  • Nifty: 10600 PE and 10800 CE
  • Bank Nifty: 26500 PE and 26900 CE

FII & DII Net Purchase / Sales

  • FII: -966.43 CR
  • DII: 853.25 CR

F&O Stocks under Ban: 7 securities under F&O ban

  • ADANIENT
  • CGPower
  • JETAIRWAYS
  • JISLJALEQS
  • PCJEWELLER
  • RPOWER

FnO Earnings

  • ENGINERSIN
  • AMBUJACEM

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

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