KrishnaSoni

Nifty levels for Upcoming session - 04 Nov 2020

NSE:NIFTY   Nifty 50 Index
Nifty levels for Upcoming session : 04 Nov 2020
2H chart used for analysis


Trading Range:
11720 – 11915 is the Trading Range for upcoming session.
(Gap UP or Gap Down Opening Possible due to US Election.)

Neutral Zone (If in this range ,Avoid Trade) : 11720-11760

Resistance & Support /Chart Pattern & Trend:
50 EMA=11748 & 200 EMA= 11690 are supporting to keep in uptrend .
Fib Retracement @ 11835 is still acting as resistance & Next resistance @ around 11915


PE: 31.82 (03 Oct 2020) , 34.87 (Highest PE)

RSI: 55 (1 D Timeframe Chart)

FII & DII Activity:
FII- Net Value: +2274. 40 Crores
DII- Total Value: -1100.92 Crores


Call PUT OI Buildup (Weekly Expiry 05 Nov 2020):

call option unwinding at strike 11850/11900/11950 & Put options 11500-11800 OI increased
(Data is Indicating that uptrend will be continue)

Disclaimer: I am not SEBI Registered ,This is just my own view.
Trade closed: target reached: Target reached,.Hope You all have grab the opportunity .
Pls press like button because encourage me to do more analysis.

Thanks.