Nifty levels for Upcoming session : 21 OCT 2020
(15 Min chart used for analysis)
Trading Range -
11885 -12100
*Chart Pattern & Trend*
Refer the chart & see that trend was broken & 11922 act as resistance.Hope, We can see gap-up opening on 21 Oct & then small correction possible.
*PE*
All Time high PE was 34.87, & last session PE was 34.28 .Need to Be Alert .
*RSI*
1 HRS-55.35 & Daily-61.85 , So here is little bit space to move in remain trend then we can see little bit correction.
*FII & DII Activity* Be Alert
FII-
Net Value: +1585 Crores
DII-
Net Value: -1633 Crores
*OI Buildup -Expiry 22 Oct 2020*
CALL OI Buildup is less than PUT OI ,Even OI unwinding at 12200 & 12400.
PUT OI Buildup Strong at 11800/11700/11600 (as Support)
We can see that Writers also assuming that market will shoot to upside >>>>>
Disclaimer: I am not a SEBI registered analyst & This is my own view as per historical & Technical Analysis.
(15 Min chart used for analysis)
Trading Range -
11885 -12100
*Chart Pattern & Trend*
Refer the chart & see that trend was broken & 11922 act as resistance.Hope, We can see gap-up opening on 21 Oct & then small correction possible.
*PE*
All Time high PE was 34.87, & last session PE was 34.28 .Need to Be Alert .
*RSI*
1 HRS-55.35 & Daily-61.85 , So here is little bit space to move in remain trend then we can see little bit correction.
*FII & DII Activity* Be Alert
FII-
Net Value: +1585 Crores
DII-
Net Value: -1633 Crores
*OI Buildup -Expiry 22 Oct 2020*
CALL OI Buildup is less than PUT OI ,Even OI unwinding at 12200 & 12400.
PUT OI Buildup Strong at 11800/11700/11600 (as Support)
We can see that Writers also assuming that market will shoot to upside >>>>>
Disclaimer: I am not a SEBI registered analyst & This is my own view as per historical & Technical Analysis.