ONCE AGAIN NIFTY RESPECTED OUR SUPPORT LEVELS....!!!
BEAR ATTACKED CONTINUED TODAY TOO...!!!
BOTH INDICES FORMED DOJI CANDLE SO GOING FORWARD EITHER SIDE MOVE WILL BE CRUCIAL FOR MARKET PARTICIPANTS AS TODAY CANDLE MAY ACT AS TREND DECIDER.
ANYWAY WE HAVE ALREADY SHARED OUR WEEKLY VIEW FOR NIFTY AND NIFTY BANK INCASE IF YOU HAVE MISSED THAT WE REQUEST YOU TO CLICK HERE TO READ IT.
Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next session.BEAR ATTACKED CONTINUED TODAY TOO...!!!
BOTH INDICES FORMED DOJI CANDLE SO GOING FORWARD EITHER SIDE MOVE WILL BE CRUCIAL FOR MARKET PARTICIPANTS AS TODAY CANDLE MAY ACT AS TREND DECIDER.
ANYWAY WE HAVE ALREADY SHARED OUR WEEKLY VIEW FOR NIFTY AND NIFTY BANK INCASE IF YOU HAVE MISSED THAT WE REQUEST YOU TO CLICK HERE TO READ IT.
Nifty Spot Closed with Loss of 61 points or 0.58% at 10493 whereas Nifty Future (March Series) closed at 10519 (Premium of 26 points)
Nifty Bank Closed with Loss of 276 points or 1.09% at 25107 whereas Bank Nifty Future (March Series) closed at 25170 (Premium of 63 points)
Nifty View
Now lets have look at Nifty (Cash/Spot) Daily Chart.
Resistance ~ 10495-10535-10596-10666-10760-10786-10830-10883
Support ~ 10455-10400-10345-10285-10235
Nifty Bank View
Now lets have look at Nifty Bank (Cash/Spot) Daily Chart.
(Incase if you are not able to view full image click on image to enlarge)
Resistance ~ 25065-25150-25220-25340-25455-25640-25775-25880-25925-26336-26424-26457
Support ~ 24810-24650
Option Chain Data.
Nifty
10700 CE is having highest Open Interest which may act as strong resistance where on lower levels where on downside on immediate basis 10400 PE may act as strong support.
10700 CE is having highest Open Interest which may act as strong resistance where on lower levels where on downside on immediate basis 10400 PE may act as strong support.
Nifty Bank (Considering only monthly Option Chain)
Long expiry but still if we see Open Interest then 24000 PE on downside and 26000 CE are standing tall which may act as strong support and resistance.
Put Call Ratio Stands at 1.06 (Neutral) for Nifty whereas for Nifty Bank it is 1.26 (Overbought zone)
Long expiry but still if we see Open Interest then 24000 PE on downside and 26000 CE are standing tall which may act as strong support and resistance.
Put Call Ratio Stands at 1.06 (Neutral) for Nifty whereas for Nifty Bank it is 1.26 (Overbought zone)
------------------------------------------------------------------------------
FROM 03/02/2018 WE ARE GOING TO START SPECIAL WEEKEND ONLINE TECHNICAL ANALYSIS CLASSES WITH ONLINE/OFFLINE SUPPORT DURING MARKET HOURS AND/OR OFF MARKET HOURS FOR 4 MONTHS FOR JUST 5000/- FOR ENTIRE COURSE. FOR MORE DETAIL CONTACT US ON 08866145155
------------------------------------------------------------------------------
THOSE WHO WANT RECORDINGS OF OLD FREE WEBINARS ARE REQUESTED TO CLICK HERE
------------------------------------------------------------------------------
FOR LIVE MARKET UPDATE JOIN:-
T.ME/NIFTY50STRIKER
------------------------------------------------------------------------------
SOCIAL MEDIA TOUCH POINTS:-
THOSE WHO WANT RECORDINGS OF OLD FREE WEBINARS ARE REQUESTED TO CLICK HERE
------------------------------------------------------------------------------
IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155
------------------------------------------------------------------------------
Please note this blog post is for education purpose only. While utmost care is taken while writing this post but any human error cant be ruled out and we apologize for same in advance.