Nifty levels for Upcoming session

Nifty levels for Upcoming session 2H chart used for analysis
*Chart Pattern & Trend*
Head and Shoulders pattern was formed ,& last session was W/expiry so we have seen moves also toward the trend. Now trend line is touching at resistance 11427 which is important level & if trend line breakout then we can see the level of 11493.If breakdown the level of 11388 then we can see the level of 11305.

*PE*
33.26 (16-Sep-20) was more than 33.18 01-Oct-20, Last Days Average PE is 32.53 & LAST 14 Highest Average PE is 32.9, As per Historical analysis still little bit space to move in remain trend then we can see little bit correction.

*RSI*
1 HRS-69 , 2 HRS-67 , Daily-55 , Weekly-58 , Monthly-50 , As per Historical analysis still little bit space to move in remain trend then we can see little bit correction.

*FII & DII Activity*
FII-
Buy Value:4708 Crores
Sell Value:3075 Crores
Net Value: 1633 Crores
DII-
Buy Value:3277 Crores
Sell Value: 3017 Crores
Total Value:260 Crores

*News*

Positive news
Bank Loan Moratorium- Central gov decision to waive intrest on intrest could cost 7000 crore.
Negative News
USA Market has encash the trump family covid-19 news ,Tesla sell news.This news may impact to our indian market also.

*Trading Range*
11388-11493 is the Trading Range for upcoming session.

*Call PUT OI Buildup (Weekly Expiry 08 Oct 2020)
Put OI is Active as Support at level 11300/11200 & Call OI is Active as Resistance at level 11500/11600

*Dollar Index*
93.907 +0.145 +0.15%
Chart PatternsTechnical IndicatorsNIFTYniftyanalysisniftypredictionniftytrendTrend Analysis

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