Nifty Analysis

The Nifty 50 Index opened the weekly session gap up and rallied strongly to end the session 100 points up. The bullish momentum continued until mid-week where the index found some selling pressure on back of US - China trade war. But bulls weren't willing to give up. Next day, the index regained its strength as it soared nearly 200 points. Finally, it ended the weekly session 2.15% up.

Last week, we saw the index resisting from its 200 day moving average (DMA). But this week, it broke above the DMA which indicates strength. It also broke above the channel's resistance line (red line) suggesting further strength.

Support : 10245 Resistance : 10460 - 10480

Nifty Options Analysis :

Support : 10000   Resistance : 11000

MAX OI Contracts :10500 CE - 37.3  Lakhs OI Contracts &  10000 PE -49.24 Lakhs OI Contracts

Sentimental Indicators:

INDIA VIX = 14.74
TRIN : 0.4               
NIFTY OI PCR : 1.14

Fundamental Indicators:

PE RATIO  : 25.65
PB RATIO  : 3.55
DIV YIELD : 1.24

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

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