Nifty likely to do well after easing in global tensions 0 1568

• Asian markets are doing well in Friday after an easing in trade tensions between China and the U.S
• Due to Rupee depreciation IT and Pharma stocks are doing well and while it would be negative for the telecom industry, as well as capital goods.
• Nifty is likely to trade between 11300 and 11500 rest of the series as of now.
• If last two days range broken we can expect some sharp move.
• Nifty may trade between 11360 and 11480.

Nifty50 Technical Analysis

Nifty formed a bearish candle on daily charts after a bullish candle

Nifty Options data tracking

• 11500 Call has max OI
• 11000 Put has max OI
• 11300 Strikes has max pain with OI 5,588,625.
• Nifty PCR at 1.60 versus 1.70

FnO Stocks under Ban

In Ban: Adani Enterprises, Adani Power, Jet Airways, Jain Irrigation

New In Ban: Jain Irrigation

Out Of Ban: Punjab National Bank