13th May, 2018 :- NIFTY Daily Chart Analysis

#NIFTY - Daily [Last Updated 11/05/2018] :- Index closed near to Weekly High above 10800 which indicates Strength in ongoing Uptrend. Next Resistance stop can be 10980-11000 meanwhile sustaining above 10800 is crucial with Support at 10630-50 levels. Max OI [Open Interest] at 10500 followed by 10600 & 10700 Put and 11000 followed by 10800 Call Strikes shall act as immediate Support & Resistance. Increasing PCR [Put Call Ratio] at 1.40 signals strong Uptrend intact.

02nd May, 2018 :- NIFTY Daily Chart Analysis

#NIFTY - Daily [Last Updated 27/04/2018] :- Index has been in a Uptrend for a while, crossing & sustaining above most of Major Resistance hurdles. Next Stop can be 10800/- and downside Support at 10630-50/- levels. Max OI [Open Interest] at 10500/- Put and 11000/- followed by 10800/- Call Strikes shall act as near term Support & Resistance for the Index. PCR [Put Call Ratio] at 1.2 still signals overall Bullish sentiment intact.

16th Apr, 2018 :- NIFTY Daily Chart Analysis

#NIFTY - Daily :- Index has been managing to Cross one Resistance over the other. Next Stop can be 10630-50 level. Max. OI [Open Interest] at 10300/- followed by 10400/- Put and 10700/ followed by 10500/- Call Strikes shall act as near Term Support & Resistance. Increasing PCR [Put Call Ratio] at 1.45 signalling strong Bullish view.

26th Mar, 2018 :- NIFTY Daily Chart Analysis

#NIFTY - Daily [Last Updated 23/03/2018] :- Index breached its major Support and closed below 10000/- for the Week. Next major Support is seen at 9700/- level. Increasing OI [Open Interest] at 10000 Call Strike suggests a Resistance being built along with 9900 Put Strike as near term Support. Decreasing PCR [Put Call Ratio] at 0.75 still signals Bearish view intact.

04th Mar, 2018 :- Where is NIFTY heading??

#NIFTY - If last 10 years FII/DII data is to be trusted, several months of FII's Selling is followed by bottoming on Index & beginning of major Rally. So, NIFTY should start another leg of a major rally sooner than expected as similar phenomena can be seen recently.

25th Feb, 2018 :- NIFTY Daily Chart Analysis

#NIFTY - Daily [Last Updated 23/02/2018] :- Index has been holding firmly above Support of Uptrend Channel. Current level of 10500-10550 shall be crucial, as Hold above it can give rise to a new Bull Run for Target of 10750/- to 11000/- and in case of failure can test 10300/- to 10100/- levels. Increasing PCR [Put Call Ratio] at 1.07 with Max. OI [Open Interest] at 10000/- followed by 10400/- Put Strike & 10700/- followed by 10500/- Call Strike shall act as immediate Support & Resistance for the Index respectively.

21st Feb, 2018 :- NIFTY Daily Chart Analysis

#NIFTY - Daily :- Index has been sustaining above the Lower Support of Uptrend Channel. Next strong Resistance is at 10500 level. For New Option Series [March Expiry] Max. OI [Open Interest] is at 10000 followed by 10200 Put Strikes & 11000 followed by 10600 Call Strikes, suggesting the near term Support & Resistance for the Index.

13th Feb, 2018 :- NIFTY Daily Chart Analysis

#NIFTY - Daily [Last Updated 12/02/2018] :- Index tested Lower Support for Uptrend Channel & sustained above major 10450/- support which signals overall trend as positive. Slightly increasing PCR [Put Call Ratio] at 0.89 with Max. OI [Open Interest] of 10000/- followed by 10500/- Put Strike & 11100/- followed by 11000/- Call Strike shall act as immediate Support & Resistance for the Index.

06th Jan, 2018 :- NIFTY Weekly Chart Analysis

#NIFTY - Weekly [Last Updated 05/01/2018] :- Index recovered all losses for the week to close at record high. Overall trend remains positive. PCR [Put Call Ratio] at 1.22 with Max. OI [Open Interest] of 10400/- Put and 10600/- Call Strike, which shall act as immediate Support & Resistance. More Record Highs can be expected in coming sessions as Index looks moderately Bullish in Chart.