Nifty Continues To Be Choppy 0 1114

Pre Market Updates Wednesday December 5, 2018
Nifty levels

Positive Points:

  • Oil prices slide.

Negative Points:

  • Nifty Futures contracts and Bank Nifty Futures contracts continued to long unwinding.
  • US stocks plunged on Tuesday.


  • Global equities have been shaken as a flattening U.S. Treasury yield curve fans worries about a recession
  • SGX Nifty indicating a weak start for the Nifty50
  • Dollar struggles amid declining U.S. Treasury yields
  • Both FIIs & DIIs net sell side yesterday
  • All eyes on RBI monetary policy meeting. The minutes of the meeting will be announced at 2:30 pm on Wednesday.
  • At initial trade Nifty continues to be choppy.
  • In last one hour there would be a sharp move in either side.
  • Nifty likely to face resistance at 10860 and support at 10780.

Nifty50 Chart Analysis:  Doji Candle

  • Nifty formed Doji Candle on the daily charts.
  • A Doji represents the equilibrium between supply and demand in the markets.
  • This signal is distinct in that prices open and close at or near the same level, indicating indecision of investors.

Disclaimer: The views expressed by investment expert on are his own and data available from advises users to check with certified experts before taking any investment decisions.

Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x
Send this to a friend