NIfty Analysis
The Nifty 50 Index traded on a volatile note during the week.
On Monday, it opened the session gap up and rallied 92 points to end the session positive. Infact the momentum continued until Tuesday afternoon and the index slipped, trading negatively for the remainder of the week. It finally ended the weekly session 0.31% down.
For past three weeks, the index is finding resistance from 10,650 - 10,700 level (red line). This week as well, it slipped after touching a high of 10,632. On the flip side, the rising trendline (green line) is providing good support for the index.
On Monday, it opened the session gap up and rallied 92 points to end the session positive. Infact the momentum continued until Tuesday afternoon and the index slipped, trading negatively for the remainder of the week. It finally ended the weekly session 0.31% down.
For past three weeks, the index is finding resistance from 10,650 - 10,700 level (red line). This week as well, it slipped after touching a high of 10,632. On the flip side, the rising trendline (green line) is providing good support for the index.
Nifty Options Analysis :
Support : 10400 Resistance : 10800
MAX OI Contracts :10800 CE - 44.29 Lakhs OI Contracts & 10400 PE - 36.78 Lakhs OI Contracts
Sentimental Indicators:
INDIA VIX = 14.07
TRIN : 1.39 (Bearish)
NIFTY OI PCR : 0.92 (Bearish)
TRIN : 1.39 (Bearish)
NIFTY OI PCR : 0.92 (Bearish)
Fundamental Indicators:
PE RATIO : 25.59
PB RATIO : 3.53
DIV YIELD : 1.19
PB RATIO : 3.53
DIV YIELD : 1.19
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