Upside May Extend 0 1333

Pre Market Updates Thursday December 13, 2018
Nifty levels

Positive Points:

  • Banks and non-banking financial companies (NBFCs) doing well on hope of new RBI governor may do favor for them.
  • China appeared to be taking more steps to meet US demands to open its markets.
  • Brexit, relief after British Prime Minister Theresa May survived a no-confidence vote

Negative Points:

  • Rupee declined by 16 paise to close at 72.01 against the US dollar.


  • India Vix ended 10.1% lower at 16.1% suggest that bear taking control and upside may extend
  • Last two session Nifty made a spectacular rally, moved up around 400 points form its recent low.
  • There is a possibility that it can undergo some profit booking in next one or two sessions
  • Trends on SGX Nifty indicate a positive opening us and likly to test 10800 marks today.
  • Nifty should close above 10800 to reach 11000 marks.
  • Today Bank Nifty weekly expiry may bring some volatility to Banking stock.
  • Nifty likely to face resistance at 10820 and support at 10640.

Nifty50 Chart Analysis:  Bullish Candle

  • Nifty formed bullish candle on the daily charts.

FII & DII Net Purchase / Sales

  • FII: -1,299.43 CR
  • DII: 1,121.29 CR

Options Data Tracking

Max Pain

  • Nifty max pain level currently at 10650
  • Bank Nifty max pain level currently at 26500

Put Call Ratio

  • Nifty PCR at 1. 22
  • Nifty Bank PCR at 1.

Max O.I Strikes

  • Nifty: 10000 PE and 11000 CE
  • Bank Nifty: 26300 PE and 27000 CE

FnO Stocks under Ban


FnO Earnings to Watch

  • Nill

Disclaimer: The views expressed by investment expert on are his own and data available from advises users to check with certified experts before taking any investment decisions.

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