Nifty levels for Upcoming session- 06 Oct 2020
Last day
C11503 L11452 O 11487 H11578
Day DOJI Candle-High & Low Rejection
Trading Range
(Important point-11447)
R 11747 11703 11587
S 11340 11180 11100
Chart Pattern & Trend
Head and Shoulders pattern was formed ,Now trend line #02 line is near to support the level 11500 at 2 hrs charts which is important level for remain trend & if trend line breakdown then we can see the level of 11447 & 11340.If it sustain the breakout level of 11587 then we can see the level of 11703 & 11747.
PE
Last Highest PE 16-Sep-20 33.48 Remarks
Current PE 01-Oct-20 33.48 Current PE is all time highest PE =33.46 ,As per historical data it will do little bit correction
Last 14 Days Average PE 32.53
Last 14 Highest Average PE 32.9
RSI
1 HRS ,2 HRS ,Daily, Weekly & Monthly RSI are 68 ,68 ,57, 58 & 55 respectively, As per Historical analysis still little bit space to move in remain trend then we can see little bit correction.
FII & DII Activity
FII DII
5685.56 Buy Value 2779.65
5448.85 Sell Value 3251.21
236.71 Net Value -471.56
( *Value in Crores)
FII & DII data are indicating that they are neutral....
Last day
C11503 L11452 O 11487 H11578
Day DOJI Candle-High & Low Rejection
Trading Range
(Important point-11447)
R 11747 11703 11587
S 11340 11180 11100
Chart Pattern & Trend
Head and Shoulders pattern was formed ,Now trend line #02 line is near to support the level 11500 at 2 hrs charts which is important level for remain trend & if trend line breakdown then we can see the level of 11447 & 11340.If it sustain the breakout level of 11587 then we can see the level of 11703 & 11747.
PE
Last Highest PE 16-Sep-20 33.48 Remarks
Current PE 01-Oct-20 33.48 Current PE is all time highest PE =33.46 ,As per historical data it will do little bit correction
Last 14 Days Average PE 32.53
Last 14 Highest Average PE 32.9
RSI
1 HRS ,2 HRS ,Daily, Weekly & Monthly RSI are 68 ,68 ,57, 58 & 55 respectively, As per Historical analysis still little bit space to move in remain trend then we can see little bit correction.
FII & DII Activity
FII DII
5685.56 Buy Value 2779.65
5448.85 Sell Value 3251.21
236.71 Net Value -471.56
( *Value in Crores)
FII & DII data are indicating that they are neutral....
Trade closed: target reached:
I Hope, you all are enjoying this trend but pls be alert at this point .