Nifty Ready for Muted Start 0 1557

Pre Market Updates: Wednesday August 29
Nifty levels


  • Asian markets are trading on a flat note
  • Yesterday Nifty50 gains led by index heavyweights Reliance Industries and HDFC
  • But advance-decline ratio remained negative suggesting profit booking across the board.
  • Both FII and Dii also in sell side
  • Metal and mining stocks were in demand as copper prices rose in global commodity markets.
  • Markets may go for a consolidation after a strong rally in the past two trading sessions.
  • Heavy put writing was witnessed in strikes with 11700PE which indicates strong support levels for the Index gradually inching higher.
  • We can expect markets to trade between yesterdays range.

Nifty50 Technical Analysis

Nifty50 forms ‘Doji’ type of candle on the daily candlestick charts.

After a long uptrend, the appearance of a ‘Doji’ candlestick can be an worrying sign that the trend has peaked or is close to peaking.

Options Data Tracking

  • Nifty max main level currently at: 11600
  • Bank Nifty max pain level currently at: 28200

Put Call Ratio

  • Nifty PCR at 1.94 versus 1.84
  • Nifty Bank PCR at 1.35 versus 1.44

Max O.I Strikes

  • Nifty: 11800CE, 11500PE
  • Bank Nifty: 28500CE , 28000PE

FnO Stocks under Ban





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