Nifty levels forecasting for Upcoming session : 27 Nov 2020
15 M chart used for analysis
*Trading Range:
12882-13165 is the Trading Range for upcoming session.
Sideways Zone - 12965 - 13038
*Resistance & Support /Chart Pattern & Trend:'
Pls Refer the chart,
Trading in range of channel,We can see little bit pullback or consolidation.
*PE: 35.71(Today .26 Nov.2020 )
35.35 (Yesterday .25 Nov 2020) , 35.90 (Highest PE)
(Highest PE Always indicate to be alert)
RSI: 75 (1 D Timeframe Chart) Bullish Trend
FII & DII Activity (26 Nov.2020):
FII- Net Value: +2027 Crores
DII- Total Value: -3400 Crores
interpretation: We can see move in upside, But be Alert as DII are supplying good enough.
*Call PUT OI Buildup ( Weekly Expiry 03 Dec 2020):
Put Options Strike 12900/12800/12700 Having Cumulative OI More than Call Option strike 13100/13200/13300 .
interpretation: We can see move in upside.
If any suggestion or query pls comment or ask in to chat.
If You agree with my idea then pls hit the like button ,follow me & share my ideas to other needy.
Disclaimer:
Markets are Supreme ,If I am proven wrong,i will accept it & learn.
I am not SEBI Registered ,This is just my own view.
If any data having any typing error then pls correct it for your analysis & drop a line to me in chat.
15 M chart used for analysis
*Trading Range:
12882-13165 is the Trading Range for upcoming session.
Sideways Zone - 12965 - 13038
*Resistance & Support /Chart Pattern & Trend:'
Pls Refer the chart,
Trading in range of channel,We can see little bit pullback or consolidation.
*PE: 35.71(Today .26 Nov.2020 )
35.35 (Yesterday .25 Nov 2020) , 35.90 (Highest PE)
(Highest PE Always indicate to be alert)
RSI: 75 (1 D Timeframe Chart) Bullish Trend
FII & DII Activity (26 Nov.2020):
FII- Net Value: +2027 Crores
DII- Total Value: -3400 Crores
interpretation: We can see move in upside, But be Alert as DII are supplying good enough.
*Call PUT OI Buildup ( Weekly Expiry 03 Dec 2020):
Put Options Strike 12900/12800/12700 Having Cumulative OI More than Call Option strike 13100/13200/13300 .
interpretation: We can see move in upside.
If any suggestion or query pls comment or ask in to chat.
If You agree with my idea then pls hit the like button ,follow me & share my ideas to other needy.
Disclaimer:
Markets are Supreme ,If I am proven wrong,i will accept it & learn.
I am not SEBI Registered ,This is just my own view.
If any data having any typing error then pls correct it for your analysis & drop a line to me in chat.