Nifty Analysis
The Indian indices ended the week on a positive note for the fourth consecutive week. The Nifty 50 Index opened the weekly session gap down but recovered smartly to end Monday's session in the green. The positive momentum continued until mid-week where the index witnessed some profit booking to break its 9-day winning streak. The index resumed its up move towards the end of the week. It finally ended the weekly session 0.80% up.
Nifty Options Analysis :
Support : 10300 Resistance : 10500
MAX OI Contracts :10700 CE - 50 Lakhs OI Contracts & 10500 PE -54.96 Lakhs OI Contracts
Sentimental Indicators:
INDIA VIX = 12.93
TRIN : 1.24
NIFTY OI PCR : 1.431
TRIN : 1.24
NIFTY OI PCR : 1.431
Fundamental Indicators:
PE RATIO : 26.22
PB RATIO : 3.63
DIV YIELD : 1.21
PB RATIO : 3.63
DIV YIELD : 1.21
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