WHATEVER VIEW THAT WE HAD SHARED IN OUR LAST BLOG POST WENT WRONG BY EOD TODAY BUT FORTUNATELY WE HAD GIVEN TRADING CALL ON OUR TELEGRAM CHANNEL AND MOVES THERE AFTER SUPPORTED OUR TRADING CALL.
WE HAVE ALREADY SHARED OUR WEEKLY VIEW THOSE WHO MISSED TO READ THAT ARE REQUESTED TO CLICK HERE TO READ IT.
Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next session.
ENTRY
UPDATE
EXIT
NOT ONLY THAT RIGHT AFTER SHARING THIS TRADING VIEW WE HAD SHARED EXPECTED CHANGES THAT MAY TAKE PLACE IN BANKNIFTY OPTION AND THAT TOO HAPPENED AS PER OUR EXPECTATION. FOR LIVE MARKET UPDATES AND TRADING CALLS JOIN OUR TELEGRAM CHANNEL
FROM JUNE 11, 2018 WE ARE GOING TO START FRESH WEEKDAY BATCH ON TECHNICAL ANALYSIS. AS SPECIAL OFFER WE ARE GIVING 10% DISCOUNT ON WORKSHOP FEE (4500 INSTEAD OF 5000) FOR 4 MONTHS (WORKSHOP AND SUPPORT) TILL 31/05/2018 FOR MORE DETAILS CONTACT 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM
Nifty Spot Closed with Gains of 122 points at 10736 whereas Nifty Future (June Series) closed at 10702 (Discount of 34 points)
Nifty Bank Closed with Gains of 628 points at 26956 whereas Bank Nifty Future (May Series) closed at 26727 (Discount of 229 Points)
Nifty View
Resistance ~ 10760-10786-10830-10883-10970-11045-11000
Support ~ 10666-10596-10535-10495-10455-10400-10345-10285-10178-10235-10120-10040-9985-9910-9870-9815
Conclusion
Today's Big Green candle can be considered as fresh upmove but some adjustment between future and spot prices cannot be ruled out.
Nifty Bank ViewResistance ~ 27065-27250-27400
Support ~ 26890-26760-26615-26424-26457-26336-26135-25925-25880-25640-25775-25455-25340-25220-25150-25065-24810-24680-24650-24515-24150-24250-24380-24085-24010-23930-23810-23740
Conclusion
Today's Big Green candle can be considered as fresh upmove but some adjustment between future and spot prices cannot be ruled out.
Nifty
It will be too early to say anything as Open Interest data
Nifty Bank (Considering only monthly Option Chain)
It will be too early to say anything as Open Interest data
Put Call Ratio Stands at 1.17 for Nifty whereas for Nifty Bank it is 0.78
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YOUTUBE CHANNEL
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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.
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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.