Nifty Analysis for December 1st Week
Technical Analysis Of Nifty50.
Technical Looks that the trend is now change in nifty to bullish side, We have seen recent bullish breakout in nifty technical chart, if 4 hour chart we can clearly see that price following uptrend channel, its also following three drive bullish pattern, which second drive is on its way. currently price trading strong resistance zone of 10925, anticipated for bullish breakout,
NIFTY ANALYSIS: SUPPORT=10700, 10500,
RESISTANCE: 10925, 11170.
SIDEWAYS ACTION:10762 – 10920
Option Chain Analysis of NIFTY:
WINNER: PUT WRITING
HIGHEST PUT WRITING LEVELS: 10500, 10700, 10800, 11100
HIGHEST CALL WRITING LEVELS: 10900, 11100, 11200
NIFTY ANALYSIS: SUPPORT LOOKS STRONG AT 10700 TO 10800
AFTER BREAKOUT OF RESISTANCE CALL WRITING 10900, STRONG BULLISH MOMENTUM ANTICIPATE
OVERVIEW OF NIFTY ANALYSIS: Bullish Anticipation above 10900,
Sell only after breakout of Bullish Channel 10700
VALID: DECEMBER-3 TO DECEMBER-7