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 

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