Nifty Weekly Analysis

Nifty Analysis


The Nifty 50 Index traded the week on a volatile note. On Monday, it opened the session gap up to hit a fresh lifetime high. It then gap down 83-points the following the day and witnessed selling pressure. But the index recovered strongly going into the weekend. On Friday, the index witnessed some more volatility but finally ended the week with 0.29% gains.

Support : Previously strong resistance level  is 9700 . As per the change of polarity principle (previous resistance now support) : Now 9700 will become Strong Support Level .

Resistance : First psychological Resistance is 10000 . We need to watch this level closely.



Support and Resistance : 

Support :  9874/ 9827 / 9680
Resistance : 9928/ 10030

Nifty Options Max OI  :

Support : 9800 [MAX PUT OI Contracts 9800 PE - 64 Lakhs OI Contracts]
Resistance : 10000 [MAX CALL OI Contracts  10000 CE - 67.8 Lakhs OI Contracts]

Nifty Fundamental Indicators indicate 'Over Valued'. 
Nifty Sentimental Indicators indicating Bullish signals

Fundamental Indicators:

PE RATIO  : 25.32  
PB RATIO  : 3.56
DIV YIELD : 1.03

Sentimental Indicators:

INDIA VIX = 11.08
TRIN : 0.44
NIFTY OI PCR : 1.44

Strong Support at 9700 and Resistance at 10000. 

To know more details of indicators click on url - https://goo.gl/hrBirN


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