Nifty Can Extend the Fall Toward 11,200 0 1740

Pre Market Updates: Tuesday September 11
Nifty levels


  • 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
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