ON ACCOUNT OF POSITIVE CUES FROM SGX NIFTY BULLS MANAGED TO OPEN NIFTY & NIFTY BANK ON UPSIDE BUT THAT WAS JUST FLASH. WE TRIED TO UPDATE SAME AFTER ABOUT 15 MINS OF OPENING ON OUR TELEGRAM CHANNEL AND THEREAFTER NIFTY BANK OBLIGED OUR VIEW.
LATER ON AT ABOUT 1418 HRS WE HAD TRIED TO UPDATE OUR ONLINE WORKSHOP PARTICIPANTS.
DURING WEEKEND WE ARE GOING TO CONDUCT FREE WEBINARS; LINKS FOR SAME ARE GIVEN AT END OF THIS BLOG POST.
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 HAVE LOOK AT NIFTY BANK 15 MINS TIMEFRAME INTRADAY CHART ON SINGLE INDICATOR (VWAP)
LATER ON AT ABOUT 1418 HRS WE HAD TRIED TO UPDATE OUR ONLINE WORKSHOP PARTICIPANTS.
DURING WEEKEND WE ARE GOING TO CONDUCT FREE WEBINARS; LINKS FOR SAME ARE GIVEN AT END OF THIS BLOG POST.
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 HAVE LOOK AT NIFTY BANK 15 MINS TIMEFRAME INTRADAY CHART ON SINGLE INDICATOR (VWAP)
SELF EXPLANATORY CHART (AS DISCUSSED IN FREE WEBINAR)
Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next session.
Nifty Spot Closed with Loss of 74 points or 0.71% at 10378 whereas Nifty Future closed at 10379 (Premium of 1 point)
Nifty Bank Closed with Loss of 105 points or 0.42% at 25058 whereas Bank Nifty Future closed at 25058 (FLAT)
Nifty View
Now lets have look at Nifty (Cash/Spot) Daily Chart.
Now for next trading session important Resistance & Support Levels are as under:-
Resistance ~ 10400-10455-10495-10535
Support ~ 10345-10285-10235
Nifty Bank View
Now lets have look at Nifty Bank (Cash/Spot) Daily Chart.
Nifty View
Now lets have look at Nifty (Cash/Spot) Daily Chart.
(Incase if you are not able to view full image click on image to enlarge)
Resistance ~ 10400-10455-10495-10535
Support ~ 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 levels are 25065-25150-25220-25340-25455-25650
Support levels are 24810-24650
Option Chain Data.
Nifty
Huge liquidation in Open Interest can be seen at 10400 & 10500 PE which show panic in writer camp. Now highest Open Interest on PE front is at 10000 PE if we talk about CE front then 11100 CE is having highest Open Interest tag which may act as resistance.
Huge liquidation in Open Interest can be seen at 10400 & 10500 PE which show panic in writer camp. Now highest Open Interest on PE front is at 10000 PE if we talk about CE front then 11100 CE is having highest Open Interest tag which may act as resistance.
Nifty Bank (Considering only monthly Option Chain)
Huge Open Interest can be seen at 25000 PE but today's panic leaded to more additions and going forward moves below 25000 will be interesting to see.
On CE front highest Open Interest on tag is with 26000CE
Put Call Ratio Stands at 0.81 (Near to Oversold zone) for Nifty whereas for Nifty Bank it is 0.81 (Near to Oversold zone)
Huge Open Interest can be seen at 25000 PE but today's panic leaded to more additions and going forward moves below 25000 will be interesting to see.
On CE front highest Open Interest on tag is with 26000CE
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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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