Markets likely to stabilize 0 509

Pre Market Updates Wednesday February 13, 2019
Nifty levels

Positive Points:

  • Positive sentiment on US-China trade talks may boost the sentiment.
  • Most Asian indices trading in the green as following a rally in global equities on trade talks optimism between US-China.

Negative Points:

  • Nifty contracts & Bank Nifty contracts added fresh short positions
  • Brent crude ended 1.48% higher at $62.42/barrel.

Outlook:

  • Nifty down by 300 points from recent high.
  • Although Nifty extended its losing streak for the third consecutive session, the majority of the momentum oscillators are in the oversold zone, the possibility of a bounce back cannot be ruled out
  • However, a close below the strong support of 50 DMA (10,817) will push prices lower levels
  • Upside may be limited in coming days and also may not continue to fall.
  • Markets likely to stabilize in current levels.
  • Today our markets are likely to react to the twin macroeconomic data that were released post market hours on Tuesday.
  • Retail inflation eased to a 19-month low of 2.05 per cent on lower food prices.
  • Industrial output in December 2018 was the slowest in the last 17 months at 2.4 per cent.
  • Nifty likely to face resistance at 10920 and support at 10820.

Simple Moving Averages:

  • 50 days SMA: 10809
  • 150 days SMA: 10905
  • 200 days SMA: 10850

Nifty Chart Formations:  Candlestick and Patterns

Candlestick:  Bullish candle

  • Nifty forms bearish candle for the 4th day in a row.

Patterns:  

  • Formation of Nifty share is in oversold.

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 10900
  • Bank Nifty max pain level currently at 27100

Put Call Ratio

  • Nifty PCR at 1.21
  • Nifty Bank PCR at 1.49.

Max O.I Strikes

  • Nifty: 10800 PE and 10900 CE
  • Bank Nifty: 27000 PE and 27300 CE

FII & DII Net Purchase / Sales

  • FII: -466.78 CR
  • DII: -122.64 CR

F&O Stocks under Ban: 6 securities under F&O ban

  • ADANIENT
  • DHFL
  • IDBI
  • JETAIRWAYS
  • RELCAPITAL
  • RPOWER

FnO Earnings

  • BOSCHLTD
  • REPCOHOME
  • GODREJIND
  • NBCC
  • OFSS
  • BHARATFORG
  • RELCAPITAL

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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Nifty likely to trade with limited upside 0 628

Pre Market Updates Tuesday February 19, 2019
Nifty levels

Positive Points:

  • DIIs have bought for Rs 2337 crores.

Negative Points:

  • US oil prices hit a three-month high on Tuesday
  • India VIX witnessed a sharp spike and ended 10.4% higher at 18.17. Sudden upside in the VIX restricts immediate upside in the near term.

Outlook:

  • Looks like market participants have turned cautious ahead of the general election, the rise in crude oil prices, developments around Brexit deal, movement of rupee against the US dollar and geopolitical concerns.
  • More than 300 stocks on the NSE hit a fresh 52-week low
  • More than 500 stocks on the BSE hit a fresh 52-week low
  • Nifty likely to trade with limited upside
  • Problem will be only when Nifty falls below 10550.If these levels are broken, then Nifty is likely to revisit 10000.
  • Nifty likely to face resistance at 10760 and support at 10620.

Simple Moving Averages:

  • 50 days SMA: 10816
  • 150 days SMA: 10909
  • 200 days SMA: 10860

Nifty Chart Formations:  Candlestick and Patterns

Candlestick:  Bearish candle

  • Nifty forms bearish candle for the 8th day in a row.
  • This candlestick implies relatively strong selling pressure, and shows that prices declined during the day significantly from open to close and the sellers were aggressive.

Patterns:  Ending Diagonal Pattern

  • Nifty index breached lower end of the multi week Ending Diagonal pattern on closing basis
  • Losing momentum to the downside, when prices finally turn bullish, it can be a swift correction to the upside.
  • This wave often occurs when the preceding move of the trend has gone too far, too fast and has run out of steam.
  • In all cases, they are found at the end of the higher degree motive or corrective wave.
  • This wave pattern indicates the termination of the previous trend of one higher degree.

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 10800
  • Bank Nifty max pain level currently at 26800

Put Call Ratio

  • Nifty PCR at 0.95
  • Nifty Bank PCR at 1.31.

Max O.I Strikes

  • Nifty: 10600 PE and 10800 CE
  • Bank Nifty: 26000 PE and 2700 CE

FII & DII Net Purchase / Sales

  • FII: -1,239.79 CR
  • DII: 2,336.74 CR

F&O Stocks under Ban: 8 securities under F&O ban

  • ADANIENT
  • CGPOWER
  • IDBI
  • JETAIRWAYS
  • JISLJALEQS
  • PCJEWELLER
  • RELINFRA
  • RPOWER

FnO Earnings

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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