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

Pre Market Updates: Friday August 17
Nifty levels
  • 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

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