Nifty Analysis
During the start, the bulls had an upper hand where the index hit a fresh life-time high of 10,490. Mid-expiry, the bears took charge. But, the Moody's upgrade of India's rating came as excuse to the bulls and the index once again resumed its up move. But towards the end of the expiry, the bears once again dominated. Finally, the index ended the November series with a cut of 1%.
The index is currently trading above its important support level of 10,100. For the index, the 10,100 level which acted as a strong resistance on the way up is now expected to act as a strong support. Mid-November, the index bounced strongly from this level. And now again, it is trading close to the 10,100 mark.
Support : 10100 / 9970 Resistance : Between 10230/10420
Nifty Options Analysis :
Support : 9800 Resistance : 10500
MAX OI Contracts :
9800 PE - 38.69 Lakhs OI Contracts & 10500 CE - 57.82 Lakhs OI Contracts
Sentimental Indicators:
INDIA VIX = 14.79
TRIN : 1.41
NIFTY OI PCR : 0.89
TRIN : 1.41
NIFTY OI PCR : 0.89
Fundamental Indicators:
PE RATIO : 25.9
PB RATIO : 3.41
DIV YIELD : 1.12
NIFTY INTRADAY FIBONACCI LEVELS CALCULATOR: https://goo.gl/HyZDEd
PB RATIO : 3.41
DIV YIELD : 1.12
NIFTY INTRADAY FIBONACCI LEVELS CALCULATOR: https://goo.gl/HyZDEd
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