NIFTY IS TRADING AT ALMOST 34-35 PE HIGLY OVER BOUGHT ZONE. RSI ALSO IN OVER BOUGHT NEAR 76. IT SUSTAIN IN EXPECTATION OF US AND INDIAN RELIEF PACKAGE , BUT NOW WHAT NEXT, US ELECTIONS OVER. LAST HOPE FOR NIFTY IS 13000. AFTER THAT MUCH AWAITED CORRECTION MAY COME . WHICH WILL CORRECT NIFTY UP TO 500-800 POINTS NIFTY 13000 LEVEL STAND WITH HUGE OI WEEKLY AS WELL AS IN MONTHLY OPTION CHAIN.
IT IS BETTER TO ACCUMLATE PE13000 OF 26 NOV WHEN NIFTY REACH 12950-990 AND HOLD FOR SOME CONSIDERABLE CORRECTION.
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IF NIFTY CLOSE ABOVE 13000 DO NOT STAY SHORT ON IT.
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NIFTY CORRECTED AS SUGGETSED LEVELS 12963 NOW 12800 , 163 POINTS CORRECTION DONE
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NIFTY LOW 12745
CORRECTION 12963 TO 12745 ALMOST MORE THAN 200 POINTS CORRECTION