Nifty Analysis
The Indian indices ended the week on a positive note with gains of 1.48%. The Nifty 50 Index opened the week in the green and raced higher on all five days of the week. In all Nifty has enjoyed consecutive gains for seven days in a row. This is its longest winning streak in 2018.
The index bounced above the 200 day moving average (DMA) in the last week of March and is racing higher since then. It has also crossed the falling channel resistance which means bulls have gained control.
However, the index is now heading in to a crucial resistance level of 10,540. The same level has led to selling pressure in the past.
The index bounced above the 200 day moving average (DMA) in the last week of March and is racing higher since then. It has also crossed the falling channel resistance which means bulls have gained control.
However, the index is now heading in to a crucial resistance level of 10,540. The same level has led to selling pressure in the past.
Nifty Options Analysis :
Support : 10300 Resistance : 10500
MAX OI Contracts :10500 CE - 42.15 Lakhs OI Contracts & 10300 PE -52.32 Lakhs OI Contracts
Sentimental Indicators:
INDIA VIX = 14.14
TRIN : 0.75
NIFTY OI PCR : 1.39
TRIN : 0.75
NIFTY OI PCR : 1.39
Fundamental Indicators:
PE RATIO : 26.01
PB RATIO : 3.6
DIV YIELD : 1.22
PB RATIO : 3.6
DIV YIELD : 1.22
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