Nifty Analysis
The Nifty 50 Index witnessed extreme selling pressure this week. It started the week on a positive note with the index rallying 60 points to touch a new life-time high. But the buying was temporary, and it slipped 80 points on the very next day.
The pressure continued until Thursday where the index witnessed wild swings as the Finance Minister presented the FY19 Union budget. Finally, on Friday, the bears continue to dominate, as the index fell 256 points in a single day to end the weekly session nearly 2.80% lower.
The pressure continued until Thursday where the index witnessed wild swings as the Finance Minister presented the FY19 Union budget. Finally, on Friday, the bears continue to dominate, as the index fell 256 points in a single day to end the weekly session nearly 2.80% lower.
Nifty Options Analysis :
Support : 11500 Resistance : 10500
MAX OI Contracts :11500 CE - 65.29 Lakhs OI Contracts & 10500 PE - 59.84 Lakhs OI Contracts
Sentimental Indicators:
INDIA VIX = 15.25
TRIN : 1.41 (Bearish)
NIFTY OI PCR : 0.82 (Bearish)
TRIN : 1.41 (Bearish)
NIFTY OI PCR : 0.82 (Bearish)
Fundamental Indicators:
PE RATIO : 26.04
PB RATIO : 3.64
DIV YIELD : 1.05
PB RATIO : 3.64
DIV YIELD : 1.05
Comments