Nifty Weekly Analysis
Nifty Analysis Below in the image, you can see Nifty is near strong support i.e., at 9570 level. Bollinger Lower band is 9571 & Previous cycle support is at 9570 . So it may act as strong support level . We need to watch this current level. If it breaks 9570 then target can be 9530 / 9365. Support and Resistance : Support : 9570 / 9530 / 9365. Resistance : 9628 /9685 Nifty Options Support / Resistance LEVELS : Support : 9500 [ MAX CALL OI Contracts 9700 CE - 82 Lakhs OI Contracts] Resistance : 9700 [MAX PUT OI Contracts 9400 PE - 58 Lakhs OI Contracts] Nifty Fundamental Indicators indicate ' Over Valued '. Nifty Sentimental Indicators: ' Not giving clear signals ' Fundamental Indicators: PE RATIO : 24.37 PB RATIO : 3.57 DIV YIELD : 1.11 Sentimental Indicators: INDIA VIX = 11.55 TRIN : 1.52 NIFTY OI PCR : 0.99 To know details of indicators click on url - https://goo.gl/wjhLhV