Nifty levels for Upcoming session : 24 Nov 2020
15 M chart used for analysis
Trading Range:
12826 – 13005 is the Trading Range for upcoming session.
Pls Refer the chart,Consolidation pattern near to complete So may be we can again see the GAP Up opening above 13000.
Resistance & Support /Chart Pattern & Trend:
200 EMA=12877 & 50 EMA= 12920
(trend is taking very crucial support at every time on 50 EMA , )
PE: 35.36 (20 Nov 2020) , 35.59 (Highest PE)
RSI: 71 (1 D Timeframe Chart)
FII & DII Activity (20 Nov.2020):
FII- Net Value: +4738.44 Crores
DII- Total Value: -2944.05 Crores
Call PUT OI Buildup (Weekly Expiry 26 Nov 2020):
CALL:
Call option unwinding at strike 12900/12950 & at strike 13000/13100/13200 not having good cumulative OI in comparison to PUT OI & less change in OI also in call options chain So it indicating that writers assuming that the FII inflow will be continue & after few sideways sessions till 13000 it will in remain uptrend .
PUT:
Massive Put writing at options 12900/12800/12700....12500 & OI also increasing so we can see every 100 points dip are as a good support till 12500.
(Data is Indicating that uptrend will be continue)
If any suggestion or query pls comment or ask in to chat.
Disclaimer: I am not SEBI Registered ,This is just my own view.
15 M chart used for analysis
Trading Range:
12826 – 13005 is the Trading Range for upcoming session.
Pls Refer the chart,Consolidation pattern near to complete So may be we can again see the GAP Up opening above 13000.
Resistance & Support /Chart Pattern & Trend:
200 EMA=12877 & 50 EMA= 12920
(trend is taking very crucial support at every time on 50 EMA , )
PE: 35.36 (20 Nov 2020) , 35.59 (Highest PE)
RSI: 71 (1 D Timeframe Chart)
FII & DII Activity (20 Nov.2020):
FII- Net Value: +4738.44 Crores
DII- Total Value: -2944.05 Crores
Call PUT OI Buildup (Weekly Expiry 26 Nov 2020):
CALL:
Call option unwinding at strike 12900/12950 & at strike 13000/13100/13200 not having good cumulative OI in comparison to PUT OI & less change in OI also in call options chain So it indicating that writers assuming that the FII inflow will be continue & after few sideways sessions till 13000 it will in remain uptrend .
PUT:
Massive Put writing at options 12900/12800/12700....12500 & OI also increasing so we can see every 100 points dip are as a good support till 12500.
(Data is Indicating that uptrend will be continue)
If any suggestion or query pls comment or ask in to chat.
Disclaimer: I am not SEBI Registered ,This is just my own view.
