Nifty Analysis
Nifty was an exciting one for the Indian indices. At the start of the expiry, the bears had an upper hand where the index slipped to hit a low 10,033. Mid-expiry, the index recovered smartly to trade near 10,300 level.
The Gujarat and Himachal Pradesh election results brought in a sharp volatility, where the index gapped down 70 points and plunged to a low of 10,075. It acutely recovered on the same day to reach a high of 10,443. Post that, the index stabilised and traded with a positive bias to end the December series with 2.5% gains.
The Gujarat and Himachal Pradesh election results brought in a sharp volatility, where the index gapped down 70 points and plunged to a low of 10,075. It acutely recovered on the same day to reach a high of 10,443. Post that, the index stabilised and traded with a positive bias to end the December series with 2.5% gains.
Support : 10420/10370 Resistance :10500 /10600
Nifty Options Analysis :
Support : 11000 Resistance : 10200
MAX OI Contracts :
11000 CE - 41.29 Lakhs OI Contracts & 10200 PE - 47.13 Lakhs OI Contracts
Sentimental Indicators:
INDIA VIX = 13.35
TRIN : 0.72 (Bullish)
NIFTY OI PCR : 1.13 (Bullish)
TRIN : 0.72 (Bullish)
NIFTY OI PCR : 1.13 (Bullish)
Fundamental Indicators:
PE RATIO : 26.68
PB RATIO : 3.51
DIV YIELD : 1.09
PB RATIO : 3.51
DIV YIELD : 1.09
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