Markets likely to stabilize 0 554

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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