Nifty Analysis

Nifty fell sharply in the past two weeks and there seems to be no respite as the indices towards the fag end of this week have erased the entire week’s gains. The PNB fraud case which came to light during the week not only dragged Bank Nifty but also dampened the sentiment across the street. Meanwhile, the country’s exports increased by 9% in January, while trade deficit touched a three-year high of USD16.3 bn due to an increase in crude oil imports. 


Nifty Options Analysis :

Support : 10600   Resistance : 10500

MAX OI Contracts :10600 CE - 52.38  Lakhs OI Contracts &  10500 PE - 55.67 Lakhs OI Contracts

Sentimental Indicators:

INDIA VIX = 16.37
TRIN : 0.73               (Bullish)
NIFTY OI PCR : 0.83  (Bearish)

Fundamental Indicators:

PE RATIO  : 25.32
PB RATIO  : 3.53
DIV YIELD : 1.08

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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