Nifty Analysis
The Nifty 50 Index traded on a volatile note during the week. On Monday, it opened the session gap up and rallied nearly 200 points. The positive momentum continued until the next day where the index hit a high of 10,478. But it couldn't sustain its upward trend for long and slipped lower for the remainder of the week. Last Friday , the index is down 165 points, finally closing the weekly session 0.31% down.
Last week, the index found a strong support near 10,000 - 10,100 zone (previous resistance now support). The 200 day moving average (DMA) also acted as a good support for the index.
It bounced up from these support levels, but it is now back near the 200 DMA.
Last week, the index found a strong support near 10,000 - 10,100 zone (previous resistance now support). The 200 day moving average (DMA) also acted as a good support for the index.
It bounced up from these support levels, but it is now back near the 200 DMA.
Nifty Options Analysis :
Support : 10000 Resistance : 10500
MAX OI Contracts :10500 CE - 58.31 Lakhs OI Contracts & 10000 PE - 46.36 Lakhs OI Contracts
Sentimental Indicators:
INDIA VIX = 15.22
TRIN : 0.45
NIFTY OI PCR : 0.80
TRIN : 0.45
NIFTY OI PCR : 0.80
Fundamental Indicators:
PE RATIO : 24.87
PB RATIO : 3.44
DIV YIELD : 1.28
PB RATIO : 3.44
DIV YIELD : 1.28
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