Pre Market Updates Thursday January 10, 2019
- 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
- Nifty max pain level currently at 10800
- Bank Nifty max pain level currently at 27500
- Nifty PCR at 1.17
- Nifty Bank PCR at 1.34.
- Nifty: 10500 PE and 11000 CE
- Bank Nifty: 27000 PE and 27900 CE
- ADANIPOWER
- JETAIRWAYS
- TCS
Disclaimer: The views expressed by investment expert on https://www.rollnreel.com are his own and data available from nseindia.com. Rollnreel.com advises users to check with certified experts before taking any investment decisions.
