Nifty Likely To Break Out From This Range 0 1270

Pre Market Updates Thursday January 10, 2019
Nifty levels


  • Nifty may see a positive start to trade on Thursday, but the session is not going to be an easy one.
  • In the previous session, Nifty faced resistance at its 100-DMA and even after the sharp rebound halted at this level.
  • Thursday’s opening and trajectory will be crucial to deciding Nifty trend for the day.
  • Nifty has crossed the hurdle of 10830-10850, now likely to break out from this range for higher targets with supporting indicators.
  • India VIX fell by 2.74 percent at 15.27 levels. VIX has to continue to hold below 16 zones to bounce back in the market.
  • Today Bank Nifty may be volatile due to weekly expiry.
  • Nifty likely to face resistance at 10940 and support at 10780.

Nifty50 Chart Analysis:  Long Legged Doji

  • Nifty formed Long Legged Doji candle on the daily charts.
  • A doji represents equilibrium between supply and demand.
  • A tug of war that neither the bulls nor bears are winning.

FII & DII Net Purchase / Sales

  • FII: 14 CR
  • DII: 439.67 CR

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 10800
  • Bank Nifty max pain level currently at 27500

Put Call Ratio

  • Nifty PCR at 1.17
  • Nifty Bank PCR at 1.34.

Max O.I Strikes

  • Nifty: 10500 PE and 11000 CE
  • Bank Nifty: 27000 PE and 27900 CE

FnO Stocks under Ban


FnO Earnings to Watch

  • TCS

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.

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