19th Nov, 2017 :- NIFTY Weekly Chart Analysis

#NIFTY - Weekly [Last Updated 17/11/2017] :- Index recovered from its Weekly Low (also 50 DMA level), to form a Hammer Candle at Close. Overall trend remains positive. PCR [Put Call Ratio] at 0.90 with Max. OI [Open Interest] of 10200/- Put and 10500/- Call Strikes, that shall act as Immediate Support & Resistance. Rising OI in 10300/- Put & 10400/- Call Strikes also suggest a likely sideways movement between the levels in coming sessions, as long as these levels remains intact.

12th Nov, 2017 :- NIFTY Weekly Chart Analysis

#NIFTY - Weekly [Last Updated 10/11/2017] :- Index had made a Bearish Candle, also creating Bearish Divergences in Price vs Indicator. PCR [Put Call Ratio] at 1.06 falling from high of 1.43 with Max OI [Open Interest] of 10200 Put & 10500 Call Strike that shall act as psychological Support & Resistance in near term. Price tested top in an Uptrend Channel & more profit booking can be expected in coming Week.

06th Nov, 2017 :- NIFTY Daily Chart Analysis

#NIFTY - Weekly [Last Updated 03/11/2017] :- Index closed at lifetime high, making a bullish candle on Weekly Chart. PCR [Put Call Ratio] stands at 1.42 signalling Bullish view for this Expiry. Still running on Uptrend Channel but at top of Trendline, profit booking can be expected at this level.