Nifty Analysis
The index finally ended the January series with a solid 5.65% gains. The Nifty rallied one way from the low of 10,405 to cross another landmark figure of 11,000. It tough a life-time high of 11,110 in the last week of the expiry. The index finally ended the January series with a solid 5.65% gains. The Public sector banks were in action, as they got a shot in the arm from Finance Minister Arun Jaitley, which could power up lending to the economy. The government announced a recapitalization package of 88,139 cr this fiscal year to PSU banks. Nifty Options Analysis : Support : 11500 Resistance : 10500 MAX OI Contracts : 11500 CE - 22.30 Lakhs OI Contracts & 10500 PE - 48.28 Lakhs OI Contracts Sentimental Indicators: INDIA VIX = 17.5 TRIN : 0.67 (Bullish) NIFTY OI PCR : 1.05 (Bullish) Fundamental Indicators: PE RATIO : 27.61 PB RATIO : 3.74 DIV YIELD : 1.02 NIFTY INTRADAY FIBONACCI LEVELS CALCULATOR: https://goo.gl/HyZDE