Nifty May Trade With Fear as All Eyes on FOMC Meeting 0 1350

• Global markets trading with fear as traders also looking ahead to the FOMC meeting today night and is likely to result in another interest-rate hike.
• Yesterday Nifty managed to reverse its 5-day losing streak.
• SGX Nifty indicate a positive opening for Nifty.
• Our market likely to continue yesterday winning streak still first half.
• Second half we can expect some sharp move towards either side.
• In Nifty, 11160 act as a strong resistance and Supports may come around at 10920.

Nifty50 Technical Analysis: Piercing Pattern.

• Nifty50 formed Piercing Pattern on Tuesday.
• Piercing Pattern is a reversal candlestick pattern which is bullish in nature and appears at the end of a down trend.
• It is a complex pattern made of two candlelines. The first candle is bearish in nature and the second is bullish in nature.

Options Data Tracking

Max Pain

• Nifty max pain level currently at 11200
• Bank Nifty max pain level currently at 25500

Put Call Ratio

• Nifty PCR at 1.13 versus 1.05.
• Nifty Bank PCR at 0.7 versus 0.53

Max O.I Strikes

• Nifty: 11500CE and 11000PE
• Bank Nifty: 25500CE , 25000PE

FnO Stocks under Ban

• ADANIPOWER
• DHFL