Here is what to expect from NIFTY this week :

NIFTY has recently touched its All time high of 9273.90 on 5th April with NIFTY PE of 23.49 also in 2017 it has touched its highest PE of 23.77 its RSI stands @62.92 currently which seems to show some overbought situation in the market. Also there has been increase in OI of NIFTY 9000 put @53.9 lac contracts. On Friday world market seen some correction due to US strike in Syria… that may continue to keep the market under pressure… Also NIFTY psychological support level of 9200 broken on last closing day… So we may see some support @9120-9070-9020 with its best support range which we may also say best buying range is 8953-8968…. From where we may start heavy buying for earlier target of 9900 by August-September while if in any given above levels shown some support then we might see bounce back of NIFTY towards immediate targets in between 9400-9500 where we again have call written @highest OI that may also act as resistance @that point of time… Although we are expecting market to continue its consolidation this week(TIPS FROM ME: KEEP SOME CASH IN YOUR POCKET)…. HAPPY INVESTING FELLAS 🤞🤘

VISHAL GUPTA (~VG~)