Markets Could Well Consolidate Ahead Of The US Fed Outcome_aws 0 1317

Pre Market Updates Tuesday December 18, 2018

Nifty levels

Positive Points:

  • Global brokerage firm CLSA said there is no compelling reason to turn bullish on Indian equities.

Negative Points:

  • Global brokerage firm CLSA said there is no compelling reason to turn bullish on Indian equities.

Outlook:

  • Wall Street’s major indices all slid more than 2 percent ahead of The Federal Reserve is widely expected to raise U.S. interest rates again at the end of its two-day meeting on Wednesday
  • Markets could well consolidate ahead of the US Fed outcome
  • Asian share markets stumbled on Tuesday
  • SGX Nifty indicate a flat to negative opening for the broader index in India
  • Nifty likely to face resistance at yesterday high point which is around 10900
  • Nifty, Dec 13 low point 10750 will act as a good support.

Nifty50 Chart Analysis:  Bullish Candle

  • Nifty formed Bullish Candle on the daily charts.

FII & DII Net Purchase / Sales

  • FII: -60.95 CR
  • DII: -76.84 CR

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 10800
  • Bank Nifty max pain level currently at 26900

Put Call Ratio

  • Nifty PCR at 1. 37
  • Nifty Bank PCR at 1.

Max O.I Strikes

  • Nifty: 10000 PE and 11000 CE
  • Bank Nifty: 26500 PE and 27500 CE

FnO Stocks under Ban

  • ADANIENT
  • ADANIPOWER
  • JETAIRWAYS
  • RELCAPITAL

FnO Earnings to Watch

  • Nill

Disclaimer: The views expressed by investment expert on https://www.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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