Nifty Analysis

The index started the expiry near 10,100 level and ended above 10,600. It traded in a smooth uptrend without any significant correction to end the April expiry 5% up.

Last week, we saw the index trading near its crucial resistance level of 10,540. But the bulls were successful in pushing the index above this level. As of now, the gap area placed at 10,750 is the immediate resistance level. If the index decisively breaks this level, we can see it finding resistance from its all-time high, that is, near the 11,000 level.

Nifty Options Analysis :

Support : 10500   Resistance : 11000

MAX OI Contracts :11000 CE - 51.12  Lakhs OI Contracts &  10500 PE -37.67 Lakhs OI Contracts

Sentimental Indicators:

INDIA VIX = 12.01
TRIN : 0.55              
NIFTY OI PCR : 1.20

Fundamental Indicators:

PE RATIO  : 26.54
PB RATIO  : 3.67
DIV YIELD : 1.20

To know more details of indicators click on url - https://goo.gl/hrBirN

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