Nifty Analysis
On Monday, it opened the session 45 points gap up and traded up to close the session positive. Buying did not last for long as the index plunged more than 150 points for the next two days.
On Thursday, the index opened gap up and ended the session 60 points up after witnessing an intra-day fall of over 100 points. Finally, on Friday, Nifty again gapped up 94 points and ended the weekly session 0.65% higher.
Last week, we saw the index bouncing from its important support level of 10,000 - 10,100.Acting as a strong resistance on the way up, this level was expected to act as a strong support. Now the index is marching towards its life-time high with Gujarat assembly election results, to be declared early next week.
On Thursday, the index opened gap up and ended the session 60 points up after witnessing an intra-day fall of over 100 points. Finally, on Friday, Nifty again gapped up 94 points and ended the weekly session 0.65% higher.
Last week, we saw the index bouncing from its important support level of 10,000 - 10,100.Acting as a strong resistance on the way up, this level was expected to act as a strong support. Now the index is marching towards its life-time high with Gujarat assembly election results, to be declared early next week.
Support : 10370/10230 Resistance : 10420/10500
Nifty Options Analysis :
Support : 10000 Resistance : 10500
MAX OI Contracts :
10000 PE - 91.90 Lakhs OI Contracts & 10500 CE - 73.58 Lakhs OI Contracts
Sentimental Indicators:
INDIA VIX = 14.9
TRIN : 1.03
NIFTY OI PCR : 1.01
TRIN : 1.03
NIFTY OI PCR : 1.01
Fundamental Indicators:
PE RATIO : 26.46
PB RATIO : 3.48
DIV YIELD : 1.10
NIFTY INTRADAY FIBONACCI LEVELS CALCULATOR: https://goo.gl/HyZDEd
PB RATIO : 3.48
DIV YIELD : 1.10
NIFTY INTRADAY FIBONACCI LEVELS CALCULATOR: https://goo.gl/HyZDEd
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