8032 PROVED ITS IMPORTANCE IN 2 STRAIGHT SESSIONS. DURING TUESDAY'S SESSION IT MADE LOW NEAR TO THAT LEVEL AND DURING PREVIOUS TRADING SESSION IT ACTED AS RESISTANCE...!!!
NOT ONLY THAT LOWER SIDE SUPPORT WAS ALSO RESPECTED BY NIFTY (SUPPORT GIVEN WAS 7938 AND LOW OF 7944 WAS MADE)
BANK NIFTY TOO MOVED AS PER SUPPORT/RESISTANCE LEVELS GIVEN.
NOT ONLY THAT IN OUR LAST POST WE HAD MADE AN ATTEMPT TO MAKE READERS/FOLLOWERS TO BE CAUTIOUS VIA SIMPLE CHART. TO UNDERSTAND IN EASIER WAY LETS TRY TO RESTUDY SAME CHART WITH UPDATED MOVES.
NOW LETS TRY TO SEE NIFTY DAILY CHART.
RED CANDLE IS LAST TRADING SESSION CANDLE (SHOWN VIA BLUE ARROW) AND WE HAD TRIED TO MAKE READERS AWARE VIA SIMPLE SIMILAR PATTERN FORMATION.
YES FALL OF OVER 1% WAS PREDICTED WELL IN ADVANCE...!!!
BANK NIFTY:-
HIGHEST ADDITIONS IN 7500 PE IS SEEN MAY BE SOME BIG TRADERS HAVE TRADED THAT AS PURE GAMBLE BUT STILL CAUTION IS REQUIRED.
NOW IF 7938 IS ALSO BROKEN THEN DOOR FOR SUB 7900 SHALL BE OPENED EASILY.
RESISTANCE LEVELS:- 8032, 8148 & 8130
NOT ONLY THAT LOWER SIDE SUPPORT WAS ALSO RESPECTED BY NIFTY (SUPPORT GIVEN WAS 7938 AND LOW OF 7944 WAS MADE)
BANK NIFTY TOO MOVED AS PER SUPPORT/RESISTANCE LEVELS GIVEN.
NOT ONLY THAT IN OUR LAST POST WE HAD MADE AN ATTEMPT TO MAKE READERS/FOLLOWERS TO BE CAUTIOUS VIA SIMPLE CHART. TO UNDERSTAND IN EASIER WAY LETS TRY TO RESTUDY SAME CHART WITH UPDATED MOVES.
NOW LETS TRY TO SEE NIFTY DAILY CHART.
YES FALL OF OVER 1% WAS PREDICTED WELL IN ADVANCE...!!!
NIFTY:-
LAST CLOSE 7955.45 (SPOT)
STILL CONTINUOUS ADDITIONS ARE SEEN IN 7800 PE WHEREAS ON CALL SIDE RIGHT FROM 7800 TO 8550 ADDITIONS MADE DURING LAST TRADING SESSION. ALSO SIGNIFICANT ADDITIONS WAS SEEN IN 7500 PE & 8300 CE.
STILL CONTINUOUS ADDITIONS ARE SEEN IN 7800 PE WHEREAS ON CALL SIDE RIGHT FROM 7800 TO 8550 ADDITIONS MADE DURING LAST TRADING SESSION. ALSO SIGNIFICANT ADDITIONS WAS SEEN IN 7500 PE & 8300 CE.
LAST CLOSE 16995.10 (SPOT)
GOOD ADDITION WERE MADE IN 16000 PE AND 18000 CE. THOUGH HIGH OI TAG REMAINS WITH 17000 PE & 18000 CE RESPECTIVELY.
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
HIGHEST ADDITIONS IN 7500 PE IS SEEN MAY BE SOME BIG TRADERS HAVE TRADED THAT AS PURE GAMBLE BUT STILL CAUTION IS REQUIRED.
NOW IF 7938 IS ALSO BROKEN THEN DOOR FOR SUB 7900 SHALL BE OPENED EASILY.
RESISTANCE LEVELS:- 8032, 8148 & 8130
SUPPORT LEVELS:- 7938 & 7844.
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-
RESISTANCE LEVELS:- 17161, 17493 & 17696
SUPPORT LEVELS:- 16894 & 16627
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
PUT CALL RATIO ON BASIS OF OI IS 0.92 (INCHING TOWARDS OVERSOLD ZONE ~ ON TRADING PRESPECTIVE)
PE RATIO FOR NIFTY STANDS AT 21.58
FINAL CONCLUSION
NIFTY & BANK NIFTY
STAY LITE DURING TODAY'S TRADE AS WE HAVE EVENT DURING WEEKEND WHICH MAY RESULT INTO UNEXPECTED OPENING ON MONDAY.
OPEN POSITIONS
NONE
OPEN POSITIONS
NONE
TO GET LIVE MARKET CALLS ON NIFTY/BANKNIFTY ON YOUR WHATSAPP SEND MESSAGE 'NIFTY50STRIKER' ON 08866145155. CALLS SHALL BE GIVEN VIA WHATSAPP ONLY
STANDARD DISLCOSURE:-
PLEASE NOTE THESE MOVES ARE AS PER CHARTS AND IT MAY REVERSE ANYTIME. THIS POST IS FOR EDUCATION PURPOSE ONLY AND NOT TO BE CONSIDERED AS BUYING OR SELLING RECOMMENDATION. WE ARE NOT SEBI REGISTERED RESEARCH ANALYST. WE ARE NOT RESPONSIBLE FOR ANY PROFIT OR LOSS FOR ANY TRADES EXECUTED ON BASIS OF THIS POST.
PLEASE NOTE THESE MOVES ARE AS PER CHARTS AND IT MAY REVERSE ANYTIME. THIS POST IS FOR EDUCATION PURPOSE ONLY AND NOT TO BE CONSIDERED AS BUYING OR SELLING RECOMMENDATION. WE ARE NOT SEBI REGISTERED RESEARCH ANALYST. WE ARE NOT RESPONSIBLE FOR ANY PROFIT OR LOSS FOR ANY TRADES EXECUTED ON BASIS OF THIS POST.
WE REQUEST ALL READERS TO GIVE THEIR FEEDBACK ON NIFTY50STRIKER@GMAIL.COM OR BY COMMENTING ON THIS BLOG POST.
ABOUT AUTHOR ~ MANUSH VADHER
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