Nifty looks positive 0 758

Pre Market Updates Wednesday February 06, 2019
Nifty levels

Positive Points:

  • Nifty Futures and Bank Nifty Futures added fresh long positions
  • India Vix trading below 16 mark.

Negative Points:

  • Oil prices edged higher.

Outlook:

  • Nifty trading well near crucial resistance. It traded above 10900 whole session yesterday.
  • Nifty index manage to ends higher for the fourth consecutive sessions.
  • Nifty looks positive
  • Most analysts feel investors should continue holding long positions and add fresh positions only after a breakout above 10985 which could open room for the index towards higher levels of 11080-11200 levels.
  • Bank Nifty will be volatile ahead of RBI policy tomorrow.
  • Investors globally await US President Donald Trump’s State of the Union address, which may drop some hints on the progress in US-China trade talks.
  • Nifty likely to face resistance at 11020 and support at 10900.

Simple Moving Averages: 50 days exponential moving average has crossed above 100 EMA after 74 days. Previous crossover happened on 19-Oct-18.

  • 50 days SMA: 10802
  • 150 days SMA: 10902
  • 200 days SMA: 10848

Nifty Chart Formations:  Candlestick and Patterns

Candlestick:  Bullish candle

  • Nifty forms bullish candle on the daily chart
  • It reflecting smart buying in the lower levels.

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 1.43
  • Nifty Bank PCR at 1.55.

Max O.I Strikes

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

FII & DII Net Purchase / Sales

  • FII: 65 CR
  • DII: 194.31 CR

F&O Stocks under Ban: 4 securities under F&O ban

  • DHFL
  • IDBI
  • JETAIRWAYS
  • RELCAPITAL

FnO Earnings

  • CIPLA
  • JSWSTEEL
  • CUMMINSIND
  • CGPOWER
  • ALBK
  • PTC
  • MANAPPURAM
  • LUPIN
  • ADANIPORTS
  • ADANIPOWER
  • IGL
  • SIEMENS
  • MUTHOOTFIN
  • IDEA

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.

Leave a Reply

avatar

Send this to a friend