Nifty levels for Upcoming session : 19 OCT 2020 - 20 OCT 2020
(1H chart used for analysis)
*Chart Pattern & Trend*
Inverted Pennant flag formed & last candle was formed DOJI. We can see bullish trend with gap-up opening on 19 Oct
*PE*
All Time high PE was 34.87, & last session PE was 34.13 ,
*RSI*
At 1 HRS-43 , 2 HRS-43 , Daily-57 , Weekly-65 So here is little bit space to move in remain trend then we can see little bit correction
*FII & DII Activity* Be Alert
FII-
Buy Value:4605.47 Crores
Sell Value:5085.06 Crores
Net Value: -479.59 Crores
DII-
Buy Value:2545.89 Crores
Sell Value: 2975.70 Crores
Total Value:-429.81 Crores
Be Alert ,FII & DII Are Not Bullish
Trade closed: target reached:
As it was projected for 11947 for two session 19 OCT & 20 Oct ,& successfully reached the exact target.