Nifty May Trade In A Narrow Range 0 1450

Pre Market Updates Monday December 17, 2018
Nifty levels

Positive Points:

  • Volatility index corrected sharply by 18.45 percent last week to 15 levels while put-call ratio moved up from 1.30 to 1.53 levels.
  • Decline in volatility with a surge in PCR suggests that supports are shifting higher and a small follow up move could drive the up move.
  • Nifty and Bank Nifty Futures witnessed a marginal rise in open interest indicating a buildup of fresh long positions.

Negative Points:

  • The rupee depreciated for the second consecutive week.


  • Nifty likely to continue the short term bullish momentum.
  • Nifty may trade in a narrow range
  • Asian markets trade mixed amid cautious sentiment after US shares tank
  • All eyes on the US Fed meet this week
  • Trading volume is expected to reduce for the next couple of weeks, especially after the Federal Reserve policy meeting and the Christmas-and-New Year vacation.
  • One crucial event which is lined up for this week is the US Fed meeting, which will begin from December 18.
  • Nifty likely to face resistance at 10900 and support at 10760.

Nifty50 Chart Analysis:  Hanging Man Candle

  • Nifty formed Hanging Man candle on the daily charts.
  • Hanging Man belongs to the bearish reversal patterns group.

FII & DII Net Purchase / Sales

  • FII: 94 CR
  • DII: -302.52 CR

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 10700
  • Bank Nifty max pain level currently at 26800

Put Call Ratio

  • Nifty PCR at 1. 30
  • Nifty Bank PCR at 1.

Max O.I Strikes

  • Nifty: 10000 PE and 11000 CE
  • Bank Nifty: 26500 PE and 27000 CE

FnO Stocks under Ban


FnO Earnings to Watch

  • Nill

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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