Nifty forecasting for Upcoming session 27 Nov 2020

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.

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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.