Nifty Will React To June Quarter GDP Data 0 1283

Pre Market Updates: Monday September 03
Nifty levels


  • Friday I could not write blog as I was in travel.
  • Asian stocks mixed mostly negative bias.
  • SGX indicating lower opening for us.
  • Pharma and IT companies doing better after the rupee depreciated past 71 per dollar, its lowest level against the dollar.
  • Markets will react to June quarter GDP data which came out post market hours on Friday.
  • Infrastructure and Auto stocks in focus as GDP numbers are in line with a high-frequency data with these sectors.
  • Nifty may to trade between 11640 and 11740.

Nifty50 Yearly Analysis: Slow Steady Strong

  • Nifty closed higher highs in the August month charts. This is happen after January 2018.
  • Nifty managing to close at 11680 in the August series, after hitting yearly low of 9950 in March 2018.
  • Nifty recovered almost 750 points from March low in six months of time frame.
  • Nifty breadth, indicating the overall health of the market, ‘Slow Steady Strong’.
  • January high 11170 marks would be the key support levels for 2018.

Nifty50 Technical Analysis: Candlestick Chart

Nifty forms a Long Legged Doji on Friday.

Options Data Tracking

Put Call Ratio

  • Nifty PCR at 1.55 versus 1.57
  • Nifty Bank PCR at 0.98 versus 1.00

Max O.I Strikes

  • Nifty: 11800CE, 11600PE
  • Bank Nifty: 28500CE , 28000PE
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