NIFTY 50 : P/E = 34.73 :(
= OVERBOUGHT :(
Nifty 50 is currently all time high. :)
Trend-line Resistance is at near 13200 level and also Static level is at 13000 - 13225.
Trend-line support is at near 12460 level
Also noted, there is a at same 12460 level on Weekly time frame, which makes it a strong .
MY ANALYSIS :
NIFTY50 may immediately touch 13100 -13200 level and retrace back to near 12460 - 12500 level and then goes up and move in a Channel.
Best time is subjective: but for me If do intraday, i do it only 9:30 onwards till 11:30.
If you have any other question , do ask me, I'll be happy to help you. all the best. :)
Definitely i ll ask you if I come across any queries.
Please keep sharing your views in trading view.. :)
This weekly expiry will be fun to trade with.