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
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Target reached,.Hope You all have grab the opportunity . Pls press like button because encourage me to do more analysis.