Nifty Can Extend the Fall Toward 11,200 0 1740

• Asian markets trading in flat.
• SGX Nifty indicating for flat opening for us.
• Yesterday was a bad day, all the Nifty sectoral indices ended in the red as Rupee depreciated to a fresh low
• Nifty and Bank Nifty futures witnessed a surge in short positions.
• Heavy call writing was witnessed in strike 11600CE.It may act as a strong resistance. Nifty can extend the fall toward 11,200.
• After 6 months India VIX index crossed 15.Markets set up for huge Volatility trade.
• Be ready for rollercoaster trade on Wednesday, Friday and Monday.
• Conservative traders stay away. Masters will mint money in this bloodbath.
• Nifty likely to trade between 11400 and 11520 today.

Nifty50 Technical Analysis: Bearish Belt Hold pattern

• Nifty formed a Bearish Belt Hold kind of pattern
• Bearish Belt Hold pattern Formed at the end of an uptrend and signaling a potential reverse in investor sentiment

Put Call Ratio

• Nifty PCR at 1.33 versus 1.49.
• Nifty Bank PCR at 0.84 versus 1.08.

Earnings to Watch

• PFC
• Reliance Capital