Nifty forecasting for Upcoming session 26 Nov 2020 (Nov. Expiry)

Nifty levels forecasting for Upcoming session : 26 Nov 2020
15 M chart used for analysis


*Trading Range:
12742-13145 is the Trading Range for upcoming session.

Sideways Zone - 12820 - 12965



*Resistance & Support /Chart Pattern & Trend:'

Pls Refer the chart,
1.Again back in sideways zone after correction above fib retracement 78.6 % @ 12820,
2.H & S was formed and pattern also completed ,We can see little bit more correction as per interpretation of H&S


*PE: 35.36(Today .25 Nov.2020 )
35.90 (Yesterday .24 Nov 2020) , 35.90 (Highest PE)
(Highest PE Always indicate to be alert)


RSI: 65.46 (1 D Timeframe Chart)

FII & DII Activity (24 Nov.2020):
FII- Net Value: +24.2 Crores
DII- Total Value: -1840.33 Crores

Now FIIs will start offloading ,So be alert.

*Call PUT OI Buildup ( Expiry :Nov 2020):
Today Call option OI become stronger against the Put option OI,So we can tomorrow see either sideways or little more retracement for the next support.

If any suggestion or query pls comment or ask in to chat.


Disclaimer: I am not SEBI Registered ,This is just my own view.
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