Pre Market Updates: Thursday August 16
- Global market following US markets.
- US markets fell drastically on disappointing earnings and escalating global tariff worries.
- SGX Nifty indicting Nifty to open in red.
- Heavy put writing was witnessed in Nifty ATM and OTM strikes with 11400PE and 11300PE suggesting limited downside.
- Bank Nifty will be volatile due to weekly expiry.
- Nifty may trade between 11320 and 11440.
Nifty50 Technical Analysis
Nifty50 formed a bullish candle on daily charts after two bear candles
Nifty Options data tracking
- 11500 Call has max OI
- 11000 Put has max OI
- 11300 Strikes has max pain with OI 5,798,775.
FnO Stocks under Ban Period