KrishnaSoni

Nifty Forecasting for the Last Week of 2020

NSE:NIFTY   Nifty 50 Index
4 HRS chart used for analysis


*Trading Range:
13443-13915

Break down from Channel but Taken Support @ 50 EMA , On 21 Dec , Nifty was crashed around 600 Points and recovered just in three session and Three inside Up Pattern formed.
(One famous Option seller is saying in their YT video that It Was a Technical Glitch of exchange,But if it was a technical glitch then why both exchange index was crashed )

*PE: 37.81
*RSI: 63
*Volume is also getting low day by day

SGX Nifty Closed @ 13792 (with +32 )

*FII & DII Activity
FII- Net Value: +1226 Crores
DII- Total Value: -1898 Crores


Final interpretation : Market is Not Bearish ,Enjoy the slow motion rally & Keep your position hedge with long put if portfolio is above 5 L.

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.