Nifty & Nifty Bank View for 01/02/2018

TODAY NIFTY & NIFTY BANK OPENED WITH GAP ON DOWNSIDE AND THEN SOME RECOVERY CAME IN BUT AFTER THAT AGAIN BEARS CONTROLLED STREET TILL 1430 HRS BUT THEN BULLS MANAGED TO RECOVER FROM DAY'S LOW. 

WE HAVE ALREADY SHARED OUR WEEKLY VIEW FOR NIFTY AND BANK NIFTY. IN CASE IF YOU HAVE MISSED THAT CLICK HERE TO READ THAT BLOG POST. 

ANYWAY THOSE WHO HAVE MISSED OUR NIFTY VIEW TILL YEAR END ARE REQUESTED TO READ IT HERE

Very soon we are going to conduct Free Webinar on Bollinger Band (one of Volatility indicators)  Link shall be send once everything is finalized meanwhile reader may fill form on right side of this blog post and link shall be send via email.

Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next session.

Nifty Spot Closed with Loss of 22 points or 0.20% at 11028 whereas Nifty Future closed at 11055 (Premium of 27 points) 

Nifty Bank Closed with Gains of 110 points or 0.40% at 27379 whereas Bank Nifty Future closed at 27466 (Premium of 87 points) 

Nifty View

Now lets have look at spot Nifty Daily Chart. 

(Incase if you are not able to view full image click on image to enlarge)

As discussed in our last post "So now today's close is below yesterday's low. further psychological level of 11000 is also near so any close below that may easily trigger more fall"

Support levels are 10970-10883-10830 whereas Resistance levels are 11045-11100

"So till the time Nifty (spot) is closing above 10786 level we are in uptrend (short term) and more upside can't be ruled out.  (Repeat comment)"

"Medium chart (Weekly) suggested upside target of 11354 and till now Bulls managed to cover about 235 points on closing basis"

Nifty Bank View

Anyway lets move forward and study daily chart after last trading session. 

(Incase if you are not able to view full image click on image to enlarge)

Today we had given Bank Nifty Future trading call and gained about 60 points.  

Going forward 27065-26890-26457 may act as support levels whereas on upside 27400-27495-27600 may act as resistance. 

Option Chain Data.

Nifty

On account of Budget session tomorrow volatile moves can't be ruled out. Highest Open Interest is at 11500 CE & 10500 PE. 

Nifty Bank (Considering only monthly Option Chain)


On account of Budget session tomorrow volatile moves can't be ruled out. Highest Open Interest is at 28000 CE & 26500 PE. 

Put Call Ratio Stands at 1.02 (Neutral) for Nifty whereas for Nifty Bank it is 1.21 (over bought) 

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Lets have look at IndiaVIX Chart

We can see some cool off from higher levels so going forward after tomorrow's event we may see significant fall in Option Premiums. 

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OPEN POSITIONS AT  PRESENT

NIFTY OPTION (CLICK ON LINK TO KNOW MORE) 

CANFINHOME (CLICK ON LINK TO KNOW MORE) 

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WE ALSO CONDUCT ADVANCE TECHNICAL ANALYSIS COURSE ONLINE AND/OR OFFLINE MODE. FOR MORE DETAILS CONTACT NIFTY50STRIKER@GMAIL.COM AND/OR 08866145155 (AT PRESENT WE RUNNING SPECIAL OFFER FOR AFTER TRAINING SUPPORT FOR 6 MONTHS - PING MORE FOR MORE DETAIL) 

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FOR LIVE MARKET UPDATE JOIN:- 

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WE ALSO CONDUCT ADVANCE TECHNICAL ANALYSIS COURSE ONLINE AND/OR OFFLINE MODE. FOR MORE DETAILS CONTACT NIFTY50STRIKER@GMAIL.COM AND/OR 08866145155 
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IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155

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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. 

Nifty & Nifty Bank View for 31/01/2018

TODAY'S MOVE WAS COMPLETELY OPPOSITE OF YESTERDAY'S MOVE. RIGHT FROM WORD GO BEARS WERE IN DRIVER'S SEAT AND BULLS HAD NOT CHANCE TO MARK EVEN THEIR PRESENCE. 

WE HAVE ALREADY SHARED OUR WEEKLY VIEW FOR NIFTY AND BANK NIFTY. IN CASE IF YOU HAVE MISSED THAT CLICK HERE TO READ THAT BLOG POST. 

ANYWAY THOSE WHO HAVE MISSED OUR NIFTY VIEW TILL YEAR END ARE REQUESTED TO READ IT HERE

Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next session.

Nifty Spot Closed with Loss of 81 points or 0.73% at 11050 whereas Nifty Future closed at 11072 (Premium of 22 points) 

Nifty Bank Closed with Loss of 229 points or 0.83% at 27269 whereas Bank Nifty Future closed at 27359 (Premium of 90 points) 

Nifty View

Now lets have look at spot Nifty Daily Chart. 

(Incase if you are not able to view full image click on image to enlarge)

As discussed in our last post "We can see in chart that today's candle is breakout candle but now all depends on today's low because if that is broken on closing basis then 11045-11050 should act as strong support"

So now today's close is below yesterday's low. further psychological level of 11000 is also near so any close below that may easily trigger more fall. 

"So till the time Nifty (spot) is closing above 10786 level we are in uptrend (short term) and more upside can't be ruled out.  (Repeat comment)"

"Medium chart (Weekly) suggested upside target of 11354 and till now Bulls managed to cover about 235 points on closing basis"

Nifty Bank View

Anyway lets move forward and study daily chart after last trading session. 

(Incase if you are not able to view full image click on image to enlarge)

We can see (via Green rectangle) that 3 good green candles were formed (Bullish pattern known as 3 White soldiers) but followup was not that strong and after that 3 candles were doji and today's candle is Red candle so more downside can't be rule out. 

Option Chain Data.

Nifty

On CE front highest Open Interest is at 11500 after which 11000 but on PE front highest tag Open Interest is at 10500 PE so it will be tough task for Bulls to keep Nifty above 11k mark. 

Nifty Bank (Considering only monthly Option Chain)

Good Open Interest can be seen at 27000-26500-26000 PE which can be inferred as some fall or volatility in coming days on account of Budget. 

ON CE front Open Interest weakness can be seen. 

Put Call Ratio Stands at 1.07 (Neutral) for Nifty whereas for Nifty Bank it is 1.19 (over bought) 

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OPEN POSITIONS AT  PRESENT

NIFTY OPTION (CLICK ON LINK TO KNOW MORE) 

CANFINHOME (CLICK ON LINK TO KNOW MORE) 

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WE ALSO CONDUCT ADVANCE TECHNICAL ANALYSIS COURSE ONLINE AND/OR OFFLINE MODE. FOR MORE DETAILS CONTACT NIFTY50STRIKER@GMAIL.COM AND/OR 08866145155 (AT PRESENT WE RUNNING SPECIAL OFFER FOR AFTER TRAINING SUPPORT FOR 6 MONTHS - PING MORE FOR MORE DETAIL) 

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FOR LIVE MARKET UPDATE JOIN:- 

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WE ALSO CONDUCT ADVANCE TECHNICAL ANALYSIS COURSE ONLINE AND/OR OFFLINE MODE. FOR MORE DETAILS CONTACT NIFTY50STRIKER@GMAIL.COM AND/OR 08866145155 
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IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155

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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. 

Nifty & Nifty Bank View for 30/01/2018

TODAY NIFTY & NIFTY BANK OPENED FLAT BUT BULLS MANAGED TO GAIN THEN IN 2nd HALF SUDDEN FALL CAME IN BUT THEN BY CLOSE AGAIN BULLS MANAGED TO CLOSE WITH GOOD GAINS OVER PREVIOUS CLOSE.  

WE HAVE ALREADY SHARED OUR WEEKLY VIEW FOR NIFTY AND BANK NIFTY. IN CASE IF YOU HAVE MISSED THAT CLICK HERE TO READ THAT BLOG POST. 

ANYWAY THOSE WHO HAVE MISSED OUR NIFTY VIEW TILL YEAR END ARE REQUESTED TO READ IT HERE

Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next session.

Nifty Spot Closed with Gains of 61 points or 0.55% at 11130 whereas Nifty Future closed at 11137 (Premium of 7 points) 

Nifty Bank Closed with Gains of 52 points or 0.19% at 27498 whereas Bank Nifty Future closed at 27509 (Premium of 9 points) 

Nifty View

Now lets have look at spot Nifty Daily Chart. 

(Incase if you are not able to view full image click on image to enlarge)

We can see in chart that today's candle is breakout candle but now all depends on today's low because if that is broken on closing basis then 11045-11050 should act as strong support. 

"So till the time Nifty (spot) is closing above 10786 level we are in uptrend (short term) and more upside can't be ruled out.  (Repeat comment)"

"Medium chart (Weekly) suggested upside target of 11354 and till now Bulls managed to cover about 235 points on closing basis"

Nifty Bank View

Anyway lets move forward and study daily chart after last trading session. 

(Incase if you are not able to view full image click on image to enlarge)

Last 3 candles are Doji candles so even when we are closing at high levels traders must be caution at we can see there is rejection at higher levels on daily basis. 

Option Chain Data.

Nifty

Very soon 11000 PE shall gain highest Open Interest tag and still exact inference is difficult on 1st of series. 

Nifty Bank (Considering only monthly Option Chain)

As today was first day of series and we have event nearby no exact inference can be done at present. 

Put Call Ratio Stands at 1.13 (Neutral) for Nifty whereas for Nifty Bank it is 1.19 (over bought) 

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WE ALSO CONDUCT ADVANCE TECHNICAL ANALYSIS COURSE ONLINE AND/OR OFFLINE MODE. FOR MORE DETAILS CONTACT NIFTY50STRIKER@GMAIL.COM AND/OR 08866145155 
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IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155

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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. 

ADANI ENTERPRISES ~ JAN 2018

In Last 27 trading sessions Adani Enterprise has given return over 33% (from closing on 18/12/2017 to 25/01/2018) 

Let's have look at weekly chart. 

After Corporate Adjustment in June 2015 stock is trading at record high levels. 

Further we can see that stock is forming Channel Pattern on weekly chart and target as per this pattern comes around 275+ levels which is about 28% upside from last close. Strict stop-loss for this trade should be followed at 182 levels on closing basis.  

Further on short term (for next 8-12 weeks) if stock clears 215 then next resistance levels are 224-232-260 levels. 

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WE ALSO CONDUCT ADVANCE TECHNICAL ANALYSIS COURSE ONLINE AND/OR OFFLINE MODE. FOR MORE DETAILS CONTACT NIFTY50STRIKER@GMAIL.COM AND/OR 08866145155 
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IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155

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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. 

Nifty & Nifty Bank Weekly View for 29/01/2018 to 02/02/2018

NEXT WEEK WE HAVE UNION BUDGET AND DUE THAT HUGE VOLATILITY ON BUDGET DAY AS WELL AS ON WHOLE CAN'T BE RULED OUT. 

Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next week.

Nifty Spot Closed with Loss of 16 points or 0.15% at 11070 whereas Nifty Future closed at 11063 (Discount of 7 points) 

Nifty Bank Closed with Gain of 47 points or 0.17% at 27446 whereas Bank Nifty Future closed at 27374 (Discount of 72 points) 

Nifty View

Now lets have look at spot Nifty Daily Chart. 

(Incase if you are not able to view full image click on image to enlarge)

We can see that last candle is kind of reversal signal (hanging man) but it is not as exact required formation so more confirmation is required for downside. On immediate basis 10970-10980 must as strong support below that 10880-10890 must as strong support and below that final hope for Bulls to be in lime light is 10850-10830

"So till the time Nifty (spot) is closing above 10786 level we are in uptrend (short term) and more upside can't be ruled out.  (Repeat comment)"

"Medium chart (Weekly) suggested upside target of 11354 and till now Bulls managed to cover about 200 points" (updated weekly chart is as under)

(Incase if you are not able to view full image click on image to enlarge)

If we consider only Bull run from 10074 (made on 18/12/2017) then also Bulls may have some left out feeling in this very short term Bull run of more than 1000 points so volatile moves till 10850-10880 levels on account of Budget can be ruled out in next week. 

Nifty Bank View

Anyway lets move forward and study daily chart after last trading session. 

(Incase if you are not able to view full image click on image to enlarge)

On immediate basis 27000 must as strong support. 

Anyway lets move forward and study daily weekly chart after last trading session. 

(Incase if you are not able to view full image click on image to enlarge)

On weekly chart we can see that Breakout on upside took place at around 26500 or so but in last 2 weeks Bulls managed to lift Nifty Bank more than 1750 points so here also we feel that Bulls who are in left our mode in this sudden up-move they may get chance in sudden move on account of volatile moves in next week. 

Option Chain Data.

Nifty

Heavy Built-up can be seen on both side of Option Chain and probably one of best time for writers looking at spike in option premium. Expecting sudden drop in option prices after Budget session. Please refrain from buying OTM CE/PE buying for holding for more than 4-5 sessions. 

Nifty Bank (Considering only weekly Option Chain)

Looking at highest Open Interest on both side it seems it will be huge volatile week on account of Budget. 

Put Call Ratio Stands at 1.05 (Neutral) for Nifty whereas for Nifty Bank it is 1.12 (Neutral) 

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WE ALSO CONDUCT ADVANCE TECHNICAL ANALYSIS COURSE ONLINE AND/OR OFFLINE MODE. FOR MORE DETAILS CONTACT NIFTY50STRIKER@GMAIL.COM AND/OR 08866145155 
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IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155

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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. 

INDIGO ~ A PORTFOLIO PICK

In Aviation space we limited selection options. 

Let's have look at Jet Airways chart first. (Already shared by us on our Telegram Channel) 

Please note we had recommended this stock around 694 after which stock made high of 883 (resistance area)  

Anyway let's move to our another pick in same space. 

Indigo (Last close 1237.70)

Lets have look at chart first. (Daily Chart ~ 24/01/2018 EOD)

As we can see that symmetrical triangle chart pattern is forming on daily chart and very soon stock may give breakout on upside. Once stock closes above 1250 levels upside levels of 1300 & 1345/1350 can be seen.

But once stock crosses 1400 (previous high) pattern target of 1550 will be in fast and furious mode. Stoploss of 1140 on closing basis must be maintained. 

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WE ALSO CONDUCT ADVANCE TECHNICAL ANALYSIS COURSE ONLINE AND/OR OFFLINE MODE. FOR MORE DETAILS CONTACT NIFTY50STRIKER@GMAIL.COM AND/OR 08866145155 
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IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155

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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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FOR LIVE MARKET UPDATE JOIN:- 

T.ME/NIFTY50STRIKER

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WE ALSO CONDUCT ADVANCE TECHNICAL ANALYSIS COURSE ONLINE AND/OR OFFLINE MODE. FOR MORE DETAILS CONTACT NIFTY50STRIKER@GMAIL.COM AND/OR 08866145155 
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IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155

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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. 

Nifty & Nifty Bank View for 25/01/2018

2 TIMES IN ROW WE EXPECTED UPSIDE FOR NIFTY & NIFTY BANK AND BOTH INDICES OBLIGED OUR VIEW FURTHER IN OUR LAST BLOG POST SAID SOME CONSOLIDATION & COOL OFF AND RESULT IS IN FRONT OF US. 

ANYWAY THOSE WHO HAVE MISSED OUR NIFTY VIEW TILL YEAR END ARE REQUESTED TO READ IT HERE

Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next session.

Nifty Spot Closed with Gains of 2 points or 0.02% at 11086 whereas Nifty Future closed at 11082 (Discount of 4 points) 

Nifty Bank Closed with Gains of 8 points or 0.03% at 27399 whereas Bank Nifty Future closed at 27445 (Premium of 46 points) 

Nifty View

Now lets have look at spot Nifty Daily Chart. 

(Incase if you are not able to view full image click on image to enlarge)

We can see in chart that today's candle was consolidation based with tight range bound but with high volatility. 

"So till the time Nifty (spot) is closing above 10786 level we are in uptrend (short term) and more upside can't be ruled out.  (Repeat comment)"

"Medium chart (Weekly) suggested upside target of 11354 and till now Bulls managed to cover about 200 points"

Tomorrow we have January series expiry so some more upside can't be ruled but after that next week shall be full drama due to BUDGET

Nifty Bank View

Anyway lets move forward and study daily chart after last trading session. 

(Incase if you are not able to view full image click on image to enlarge)

Now for this series 27000 will act as strong support below that 26760 shall act as strong support. 

In this series we had almost one sided move for Nifty Bank and this move can't be ruled out in next session also and we are expecting expiry above 27500 levels.  

Option Chain Data.

Nifty

No much conclusion can be found on basis of Options Chain as we have one 1 session left for this series but still as per whole Open Interest it seems expiry shall be above 11200 levels. 

Nifty Bank (Considering only monthly Option Chain)

No much conclusion can be found on basis of Options Chain as we have one 1 session left for this series but still as per whole Open Interest it seems expiry shall be above 27500 levels. 

Put Call Ratio Stands at 2.16 (Over bought) for Nifty whereas for Nifty Bank it is 1.48 (over bought) 

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WE ALSO CONDUCT ADVANCE TECHNICAL ANALYSIS COURSE ONLINE AND/OR OFFLINE MODE. FOR MORE DETAILS CONTACT NIFTY50STRIKER@GMAIL.COM AND/OR 08866145155 
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IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155

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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.