Nifty Analysis

The Nifty 50 Index traded on a strong note during the week. On Monday, it opened the session 61 points gap up to touch a new life-time high of 10,782 before correcting a bit in the next session. But the selling was temporary as the index continued the bullish momentum and hit a new life-time high daily for the next three sessions. Finally, the Nifty index ended its weekly session 2% up.

The RSI indicator, which suggest the strength of the trend, is now trading in its overbought territory.


Nifty Options Analysis :

Support : 11000   Resistance : 10500

MAX OI Contracts :

11000 CE - 53.87 Lakhs OI Contracts &  10500 PE - 74.10 Lakhs OI Contracts

Sentimental Indicators:

INDIA VIX = 13.98
TRIN : 0.39                 (Bullish)
NIFTY OI PCR : 1.66  (Bullish)

Fundamental Indicators:

PE RATIO  : 27.44
PB RATIO  : 3.65
DIV YIELD : 1.05

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

To know more details of indicators click on url - https://goo.gl/hrBirN

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