Nifty levels for Upcoming 2 session : 03 NOV 2020 - 04 NOV 2020 (2H chart used for analysis)
*Chart Pattern & Trend* falling wedge pattern formed & taking support at 0.61 % of fibb.Retracement,So we can see move toward upside,Gap up Opening possible.If cross 11750 (50 EMA) then we can see imediate level of 11760 & furthur 11835.If fail to sustain 11525(200 EMA) then we can see level of 11400.
*PE* All Time high PE was 34.87, & last session PE was 31.43 .
*RSI* At 1 HRS-47 , 2 HRS-40 , Daily-49 , Weekly-58 ,we can see little bit demand .
FII- FII/FPI trading activity on NSE,BSE and MSEI in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value FII/FPI 02-Nov-2020 6824.79 6084.18 740.61
DII- DII trading activity on NSE,BSE and MSEI in Capital Market Segment(In Rs. Crores) Category Date Buy Value Sell Value Net Value DII 02-Nov-2020 3816.19 4350.16 -533.97
(Due to US Election Market will be highly volatile)
I am not a sebi registered & This analysis is just my view .
Trade closed: target reached
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Target reached 11835. Follow to get latest update & analysis