Nifty Ready for another Phase of an Up Move 0 1141

Pre Market Updates: Monday August 20
Nifty levels
  • Asian shares edge higher
  • SGX Nifty indicating a positive start for the Nifty50.
  • Global environment is stable, and we expect the calm to remain in our domestic markets as well.
  • Also technical traders are caution as we are dealing with over-extended and overbought market on the higher time frame charts at current time.
  • Nifty may trade between 11420 and 11540.

Nifty50 Technical Analysis

Nifty formed a small white body.

Nifty Options data tracking

  • 11500 Call has max OI
  • 11000 Put has max OI
  • 11400 Strikes has max pain with OI 6,849,075 contracts.
  • Nifty PCR at 1.66 versus 1.60.

FnO Stocks under Ban

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

New In Ban: Raymond.

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