Nifty forecasting for Upcoming session 08 Dec 2020

2020年12月7日

Nifty levels forecasting for Upcoming session
15 M chart used for analysis


*Trading Range:
13141-13393 is the Trading Range for upcoming session. (Remain as last analysis)

*Resistance & Support /Chart Pattern & Trend:'

Pls Refer the chart,
Trading in range of channel and it was taken support at 50 EMA on 04 Dec.
Trend is heading towards 13393 and then we can see little bit retracement.

You can refer the previous session analysis to know the more as given in to link of related idea


*PE: 36.42 All time High (04 Dec 2020)

*RSI: 76 (1 D Time frame Chart) Bullish momentum

*FII & DII Activity
FII- Net Value: +3792 Crores
DII- Total Value: -2767 Crores

*Call PUT OI Buildup ( Weekly Expiry 10 Dec 2020):
Massive Put writing @ Strike 13200/13100/13000/12900 in the comparison of than Call Option strike 13100/13200/13300/13400 . Only @ 13500 we can see good call writing so it seems that call writers assuming that market will take rest above 13500 .

Pls note : Above All mention data are captured on last trading session.

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Disclaimer:
Markets are Supreme ,If I am proven wrong,i will accept it & learn.
I am not SEBI Registered ,This is just my own view.
If any data having any typing error then pls correct it for your analysis & drop a line to me in chat.