Nifty is trending down 0 593

Pre Market Updates Friday February 15, 2019
Nifty levels

Today Trends:

  • 10.00am data shows, HDFC twins dragging down both Nifty and Bank Nifty.
  • If there is any recover in this counter both index likely to follow them
  • Nifty is trending down

Outlook:

  • Global cues are very bad
  • Mast Asian markets are down by around 1% on Friday after grim US retail sales figures raised fresh doubts
  • Nifty daily closing at a lower price than previous days close for 6th days
  • Yesterday was a Yes Bank day. It shot up 31% and which helped about 215.01 points up in bank nifty index. That saved the Bank Nifty from collapsing.
  • Crude prices gaining for a fourth day and OMCs counters facing selling pressure.
  • Meaningful Call writing was seen at 10,800.It will act as a crucial resistance for the February series.
  • January month low 10583 is suppose to be the last support for February series
  • Nifty likely to face resistance at 10780 and support at 10680.

Simple Moving Averages:

  • 50 days SMA: 10817
  • 150 days SMA: 10911
  • 200 days SMA: 10858

Nifty Chart Formations:  Candlestick and Patterns

Candlestick:  

  • Nifty forms bearish candle for the 6th day in a row.
  • Six consecutive sessions of fall appears to have dragged down the Nifty50 into oversold territories from where a bounce back looks inevitable.

Patterns:  

  • Formation of Nifty share is in downtrend.

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 10750
  • Bank Nifty max pain level currently at 26900

Put Call Ratio

  • Nifty PCR at 1.05
  • Nifty Bank PCR at 1.36.

Max O.I Strikes

  • Nifty: 10700 PE and 10800 CE
  • Bank Nifty: 26000 PE and 26900 CE

FII & DII Net Purchase / Sales

  • FII: -250.23 CR
  • DII: 1,225.24CR

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

  • ADANIENT
  • CGPower
  • IDBI
  • JETAIRWAYS
  • JISLJALEQS
  • RELCAPITAL
  • RPOWER

FnO Earnings 

  • Nill

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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