Nifty levels for Upcoming session

**Technofundamental Analysis**

Nifty levels for Upcoming 2 session : 03 NOV 2020 - 04 NOV 2020
(2H chart used for analysis)

*Chart Pattern & Trend*
falling wedge pattern formed & taking support at 0.61 % of fibb.Retracement,So we can see move toward upside,Gap up Opening possible.If cross 11750 (50 EMA) then we can see imediate level of 11760 & furthur 11835.If fail to sustain 11525(200 EMA) then we can see level of 11400.

*PE*
All Time high PE was 34.87, & last session PE was 31.43 .

*RSI*
At 1 HRS-47 , 2 HRS-40 , Daily-49 , Weekly-58 ,we can see little bit demand .

FII-
FII/FPI trading activity on NSE,BSE and MSEI in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
FII/FPI 02-Nov-2020 6824.79 6084.18 740.61

DII-
DII trading activity on NSE,BSE and MSEI in Capital Market Segment(In Rs. Crores)
Category Date Buy Value Sell Value Net Value
DII 02-Nov-2020 3816.19 4350.16 -533.97



(Due to US Election Market will be highly volatile)

I am not a sebi registered & This analysis is just my view .

Trade closed: target reached:

Target reached 11835.
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