Fresh Short Positions Created In Nifty Around 10650




The Outlook for 15th November 2018
Nifty Daily Chart Levels
In today’s trading, Nifty witnessed an early selloff of 100 points as short positions were accumulated around 10635 approx. Going forward, the index is likely to face strong resistance around the 5 WEMA high (10679 approx). The nearest downside target for the index is around the 10 DMA (10505 approx). However, if Nifty trades above 10700 approx, it will scale up to the daily upper Bollinger band (10740 approx). On the other hand, if Nifty trades below the 34 DMA (10485 approx), it will slip down to the 15 DMA (10380 approx).

Nifty Hourly Chart Levels
In the hourly session, Nifty closed below the 5 HEMA high (10576 approx ). The index is likely to face resistance around the hourly upper Bollinger band (10662 approx). The nearest support for the index is around the 20 HMA (10530 approx). However, if Nifty trades below 10500 approx, it will scale down to the hourly lower- Bollinger band (10450 approx). On the other hand if Nifty trades above 10690 approx, it is likely to scale up to 10720 approx.  





Bank Nifty Options Data

" data-username="AMPLIFYKOLKATA" data-message="asksdfds">
India’s benchmark Nifty witnessed selling pressure around 10650 approx in today’s session. The index witnessed a sharp correction of 100 points in the first hour of trading due to the accumulation of short positions around 10635 approx. Going forward, the index will face resistance around the 5 WEMA high (10679 approx). The nearest downside target for the index is the around the 10 DMA (10505 approx).

Stocks Under The Scanner
In today’s trade Hindustan Petroleum shares rose 4.04%, BPCL shares rose 3.60%. Sunpharma shares dropped 7.29 % in the course of the day’s trade.



The Outlook for 15th November 2018
Nifty Daily Chart Levels
In today’s trading, Nifty witnessed an early selloff of 100 points as short positions were accumulated around 10635 approx. Going forward, the index is likely to face strong resistance around the 5 WEMA high (10679 approx). The nearest downside target for the index is around the 10 DMA (10505 approx). However, if Nifty trades above 10700 approx, it will scale up to the daily upper Bollinger band (10740 approx). On the other hand, if Nifty trades below the 34 DMA (10485 approx), it will slip down to the 15 DMA (10380 approx).

Nifty Hourly Chart Levels
In the hourly session, Nifty closed below the 5 HEMA high (10576 approx ). The index is likely to face resistance around the hourly upper Bollinger band (10662 approx). The nearest support for the index is around the 20 HMA (10530 approx). However, if Nifty trades below 10500 approx, it will scale down to the hourly lower- Bollinger band (10450 approx). On the other hand if Nifty trades above 10690 approx, it is likely to scale up to 10720 approx.  





Bank Nifty Options Data

Recent Articles
Sell Off In Ultratech Cement10th September 2018