Strong Bounce Back Can Be Seen 0 1451

Pre Market Updates: Tuesday September 25
Nifty levels


  • Most Asian stocks were trading higher, while markets in Hong Kong and South Korea are shut Tuesday.
  • Crude oil trading near four-year highs after Saudi Arabia and Russia ruled out immediate production increases.
  • Yesterday Nifty50 extended losses to a fifth session on Monday, dragged by financials and automobiles.
  • India Vix ended 12.15% higher at 17.42 indicates market can see more volatility.
  • Strong bounce back can be seen at anytime, which is extremely over sold with selected heavyweights also joining in.
  • FIIs have sold for about Rs 500 crores in Cash market while DIIs have bought for about Rs 1500 crores.
  • Heavy call writing was witnessed in strike with 11,100CE which is indicating strong resistance for upper side.
  • Markets likely to consolidate  between 10900 and 11100

Nifty50 Technical Analysis: Nifty50 declines for the fifth session

Most Important Events in this week.

  • 26th Wednesday – Fed Rate Hike Decision (Night)
  • 27th Thursday – F&O Expiry
  • 28th Friday – IL&FS Board Meet/AGM

Be cautious, Be Prepared and Beware

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