Nifty levels forecasting for Upcoming session : 25 Nov 2020
15 M chart used for analysis
Trading Range:
12946-13135 is the Trading Range for upcoming session.
Resistance & Support /Chart Pattern & Trend:'
Pls Refer the chart,
Consolidation pattern near to complete So may be we can again see the GAP Up opening ,today same pattern was extended .(you can see the given related idea link of 24 nov.2020)
PE: 35.90 (20 Nov 2020) , 35.90 (Highest PE)
(Be Alert)
RSI: 75.61 (1 D Timeframe Chart)
FII & DII Activity (24 Nov.2020):
FII- Net Value: +4563.18 Crores
DII- Total Value: -2522.11 Crores
Call PUT OI Buildup (Weekly Expiry 26 Nov 2020):
CALL:
Call option unwinding at strike 13100/13200 & not having good cumulative OI in comparison to PUT OI & less change in OI also in call options chain So it indicating that writers assuming that the FII inflow will be continue .
PUT:
Massive Put writing at options 13000/12900/12800 & OI also increasing ,Strong support @ 12900 (highest OI)
(Data is Indicating that uptrend will be continue)
If any suggestion or query pls comment or ask in to chat.
Disclaimer: I am not SEBI Registered ,This is just my own view.
15 M chart used for analysis
Trading Range:
12946-13135 is the Trading Range for upcoming session.
Resistance & Support /Chart Pattern & Trend:'
Pls Refer the chart,
Consolidation pattern near to complete So may be we can again see the GAP Up opening ,today same pattern was extended .(you can see the given related idea link of 24 nov.2020)
PE: 35.90 (20 Nov 2020) , 35.90 (Highest PE)
(Be Alert)
RSI: 75.61 (1 D Timeframe Chart)
FII & DII Activity (24 Nov.2020):
FII- Net Value: +4563.18 Crores
DII- Total Value: -2522.11 Crores
Call PUT OI Buildup (Weekly Expiry 26 Nov 2020):
CALL:
Call option unwinding at strike 13100/13200 & not having good cumulative OI in comparison to PUT OI & less change in OI also in call options chain So it indicating that writers assuming that the FII inflow will be continue .
PUT:
Massive Put writing at options 13000/12900/12800 & OI also increasing ,Strong support @ 12900 (highest OI)
(Data is Indicating that uptrend will be continue)
If any suggestion or query pls comment or ask in to chat.
Disclaimer: I am not SEBI Registered ,This is just my own view.
