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

Pre Market Updates: Wednesday September 26
Nifty levels


  • 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

  • DHFL


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