Nifty Analysis

The Nifty 50 Index traded on positive note during the week. On Monday, it opened 70 points gap down and plunged to a low of 10,075. However, it swiftly recovered to end the session 55 points up.

The volatility was seen on back of Gujarat and Himachal Pradesh election results. The index continued the bullish momentum, and it surprised investors with a new life-time high of 10,494 mid-week. It witnessed minor profit booking towards the end of the week.

Finally, on Friday, the index up move continued till it touched a fresh life-time high of 10,501 and ended the weekly session 1.55% up.

Support : 10420/10370  Resistance :10500 /10600




Nifty Options Analysis :

Support : 10000   Resistance : 10500

MAX OI Contracts :

10500 CE - 56.41 Lakhs OI Contracts &  10000 PE - 75.11 Lakhs OI Contracts

Sentimental Indicators:

INDIA VIX = 11.58
TRIN : 0.92
NIFTY OI PCR : 1.42

Fundamental Indicators:

PE RATIO  : 26.86
PB RATIO  : 3.52
DIV YIELD : 1.09

NIFTY INTRADAY FIBONACCI LEVELS CALCULATOR: https://goo.gl/HyZDEd



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