Nifty forecasting for Upcoming session 10 Dec 2020.W Expiry

9 thg 12, 2020

Nifty levels forecasting for Upcoming session
15 M chart used for analysis


*Trading Range:
13310-13630 is the Trading Range for upcoming session.

*Resistance & Support /Chart Pattern & Trend:'

Pls Refer the chart,
Channel range brake out and now a new trend line is acting as a resistance & 50 EMA is acting as a good support ,we can see in chart .

You can refer the previous session analysis to know the more as given in to link of related idea


*PE: 37.20 All time High .

*RSI: 79 (1 D Time frame Chart) Bullish momentum

*FII & DII Activity
FII- Net Value: +3565 Crores
DII- Total Value: -2493 Crores

FIIs are Very bullish on Indian market.

*Call PUT OI Buildup ( Weekly Expiry 10 Dec 2020):
Massive Put Writing and call unwinding on same strike 13400/13300/13200 is indicating the uptrend.

Pls note : Above All mention data are captured on last trading session.

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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.