Nifty to open more than 80 points down 0 1284

Pre Market Updates: Thursday October 4, 2018
Nifty levels
  • Yesterday Nifty Metal was the only sectoral Index that managed to end in the green.
  • Huge short positions witnessed  in Nifty Futures and Bank Nifty Futures
  • Huge call writing was witnessed in 11000CE suggest it will be an upper limit for this week.
  • India Vix witnessed a spike ending the day 7.6% higher at 18.11 indicates upper side limited.
  • FIIs continuing selling
  • High crude oil prices, weak rupee and negative sentiments in global markets bring more pressure.
  • Nifty set to open gap down more than 80 points.
  • Nifty likely to trade in the range of 10700 and 10840

Nifty50 Technical Analysis:  Nifty formed a bearish candle on the daily charts

  • Strong bearish candle suggests a tight bear grip in the market.

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 11100
  • Bank Nifty max pain level currently at 25100

Put Call Ratio

  • Nifty PCR at 1.15.
  • Nifty Bank PCR at 0.63.

Max O.I Strikes

  • Nifty: 11500CE and 10500.00PE
  • Bank Nifty: 25500CE, 25000 PE
Notify of
Inline Feedbacks
View all comments
Would love your thoughts, please comment.x
Send this to a friend