November 9, 2019

NIFTY weekly charts

- trend is up
- lot of tussle seen around 12000 levels
- weekly close above 12000 will be bullish sign

- weekly expiry shows highest OI at 12000 CE
- monthly expiry shows highest OI at 11600 PE
- difficult trading environment

- big spoiler: nifty PE ratio now around 28
- does not make sense for long term investors to enter now

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