Nifty Weekly Analysis

Nifty Analysis

The Nifty 50 Index ended its August expiry this week.  The index traded on a weak note during the expiry. It witnessed buying during the first week of the expiry to hit a life high of 10,137. But the buying was temporary as the index slipped sharply during mid-expiry. The index then recovered some of its losses and traded in a range of 9,750-9,900 for the rest of the expiry. Finally, it ended the expiry with a cut of 1%.

Support :  10000/ 10114

Resistance : 9755 / 9675 



Nifty Options Analysis :

Support : 9700 Resistance : 10000

MAX OI Contracts :

10000 CE - 35 Lakhs OI Contracts &  9700 PE - 40 Lakhs OI Contracts

Sentimental Indicators:

INDIA VIX = 11.67
TRIN : 0.44
NIFTY OI PCR : 1.16

Fundamental Indicators:

PE RATIO  : 25.99
PB RATIO  : 3.48
DIV YIELD : 0.94

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

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