Nifty back to bullish sign 0 780

Pre Market Updates Thursday February 07, 2019
Nifty levels

Positive Points:

  • Nifty Futures and Bank Nifty Futures added fresh long positions
  • India Vix ended the session 0.99% lower at 15.6.

Negative Points:

  • Oil prices rising.

Outlook:

  • Nifty range shifted to higher levels.
  • Nifty finally witnessed a breakout from its sideways consolidation and managed to close at a four-month high led by a strong rally in front-line stocks.
  • RBI’s monetary policy to decide the trend as the consensus seems to be no change for today. To be announced at 11:45 today.
  • Nifty back to bullish sign
  • We can go long with a stop below 10,980 levels on a closing basis and look for a bigger target placed around 11,400 levels.
  • Nifty likely to face resistance at 11150 and support at 10980.

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 long bullish candle for the 5th consecutive day in a row.
  • It reflecting smart buying in the lower levels.

Patterns:  

  • Formation of nifty share is in uptrend.

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 10900
  • Bank Nifty max pain level currently at 27200

Put Call Ratio

  • Nifty PCR at 1.63
  • Nifty Bank PCR at 1.38.

Max O.I Strikes

  • Nifty: 10700 PE and 11000 CE
  • Bank Nifty: 27000 PE and 27500 CE

FII & DII Net Purchase / Sales

  • FII: 695 CR
  • DII: 525 CR

F&O Stocks under Ban: 5 securities under F&O ban

  • DHFL
  • IDBI
  • JETAIRWAYS
  • RELCAPITAL
  • RELINFRA

FnO Earnings

  • BRITANNIA
  • TATAMTRDVR
  • TATAMOTORS
  • GRASIM
  • AUROPHARMA
  • CADILAHC
  • ADANIENT
  • SAIL
  • MRF
  • ARVIND
  • SUZLON

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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