7938 ROCKS...!!!
WE HAVE BEEN GIVING 7938 AS IMPORTANT LEVEL AS SUPPORT OR RESISTANCE (AS THE CASE MAY BE DEPENDING ON CLOSE OF PREVIOUS TRADING SESSION) FOR PAST FEW SESSIONS WHICH HAS BEEN RESPECTED BY BULLS & BEARS IN WONDERFUL MANNER. INFACT THIS LEVEL HAS PROVED ITS IMPORTANCE TODAY ALSO...!!! (CONSIDERING LEVERAGE OF 5-10 POINTS)
NOT ONLY THAT TODAY WE HAD GIVEN BUY CALL ON BANK NIFTY 17000 CE WHICH DID 2 TARGETS IN EASY ONE SIDE GOING MARKET. CALL WAS AS UNDER:-
(CLICK ON THE IMAGE IF YOU ARE NOT ABLE TO SEE WHOLE IMAGE)
HIGH OF 380 WAS MADE THEREAFTER...!!!
NOW IF TALK ABOUT NIFTY THEN IN OUR LAST POST BY MISTAKE WE HAD GIVEN WRONG TARGET FOR NIFTY WHICH ARE CORRECTING NOW AND TRYING TO EXPLAIN VIA SIMPLE CHART.
TAKING LEVERAGE OF 0.5% WE FEEL THAT HAS BEEN DONE TODAY....!!! AND ON BASIS OF THIS ONLY WE HAD GIVEN CALL ON BANK NIFTY CE TODAY...!!!
UNFORTUNATELY NSE OPTION CHAIN LINK IS NOT WORKING SO WE ARE NOT ABLE TO GIVE OUR VIEW ON BASIS OF OPTIONS DATA.
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
RESISTANCE LEVELS:- 7938, 8032 & 8148
WE HAVE BEEN GIVING 7938 AS IMPORTANT LEVEL AS SUPPORT OR RESISTANCE (AS THE CASE MAY BE DEPENDING ON CLOSE OF PREVIOUS TRADING SESSION) FOR PAST FEW SESSIONS WHICH HAS BEEN RESPECTED BY BULLS & BEARS IN WONDERFUL MANNER. INFACT THIS LEVEL HAS PROVED ITS IMPORTANCE TODAY ALSO...!!! (CONSIDERING LEVERAGE OF 5-10 POINTS)
NOT ONLY THAT TODAY WE HAD GIVEN BUY CALL ON BANK NIFTY 17000 CE WHICH DID 2 TARGETS IN EASY ONE SIDE GOING MARKET. CALL WAS AS UNDER:-
HIGH OF 380 WAS MADE THEREAFTER...!!!
NOW IF TALK ABOUT NIFTY THEN IN OUR LAST POST BY MISTAKE WE HAD GIVEN WRONG TARGET FOR NIFTY WHICH ARE CORRECTING NOW AND TRYING TO EXPLAIN VIA SIMPLE CHART.
TAKING LEVERAGE OF 0.5% WE FEEL THAT HAS BEEN DONE TODAY....!!! AND ON BASIS OF THIS ONLY WE HAD GIVEN CALL ON BANK NIFTY CE TODAY...!!!
UNFORTUNATELY NSE OPTION CHAIN LINK IS NOT WORKING SO WE ARE NOT ABLE TO GIVE OUR VIEW ON BASIS OF OPTIONS DATA.
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
RESISTANCE LEVELS:- 7938, 8032 & 8148
SUPPORT LEVELS:- 7844 & 7728.
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-
RESISTANCE LEVELS:- 17163, 17494 & 17698
SUPPORT LEVELS:- 16896 & 16628
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
PUT CALL RATIO ON BASIS OF OI IS 0.77 (OVERSOLD ZONE CONSIDERING TRADING PERSPECTIVE)
PE RATIO FOR NIFTY STANDS AT 21.57 (ON BASIS OF CLOSE OF 06/11/2015)
FINAL CONCLUSION
NIFTY & BANK NIFTY
AS NIFTY CLOSED NEAR TO OUR CRUCIAL LEVEL OF 7938, HENCE WE ARE ON WAIT AND WATCH MODE FOR NIFTY & BANK NIFTY AT PRESENT.
OPEN POSITIONS
BANK NIFTY 17000 CE WITH TRAIL SL 320. (BOUGHT IN ZONE OF 240-250)
OPEN POSITIONS
BANK NIFTY 17000 CE WITH TRAIL SL 320. (BOUGHT IN ZONE OF 240-250)
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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