RANGE BOUND MOVES THEN SPIKES ON BOTH SIDE BUT THEN AT END BOTH INDICES CLOSED FLAT.
DURING WEEKEND WE ARE GOING TO CONDUCT FREE WEBINARS; LINKS FOR SAME ARE GIVEN AT END OF THIS BLOG POST.
AGGRESSIVE BEARISH PATTERN WHICH WE HAD DISCUSSED ON OUR WEEKLY VIEW BLOG POST IS NOT GETTING MORE AND MORE CONFIRMATION. TO READ THAT BLOG POST CLICK HERE.
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 move further and Analyse what could be road ahead for Nifty & Nifty Bank for next session.DURING WEEKEND WE ARE GOING TO CONDUCT FREE WEBINARS; LINKS FOR SAME ARE GIVEN AT END OF THIS BLOG POST.
AGGRESSIVE BEARISH PATTERN WHICH WE HAD DISCUSSED ON OUR WEEKLY VIEW BLOG POST IS NOT GETTING MORE AND MORE CONFIRMATION. TO READ THAT BLOG POST CLICK HERE.
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.
Nifty Spot Closed with loss of 14 points or 0.14% at 10386 whereas Nifty Future (March Series) closed at 10389 (Premium of 3 points)
Nifty Bank Closed with Gains of 18 points or 0.07% at 24955 whereas Bank Nifty Future (March Series) closed at 24986 (Premium of 31 points)
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
Bit premature to analyse Open Interest changes at present
BUT NEXT SERIES OPTION CHAIN IS SHOWING SOME DIFFERENT PICTURE ALTOGETHER. AS PER THAT WE ARE EXPECTING FALL BELOW 10000 IN MARCH SERIES AND THAT MAY COMPLETE OUR INVERTED FLAG AND POLE TARGET.
Bit premature to analyse Open Interest changes at present
BUT NEXT SERIES OPTION CHAIN IS SHOWING SOME DIFFERENT PICTURE ALTOGETHER. AS PER THAT WE ARE EXPECTING FALL BELOW 10000 IN MARCH SERIES AND THAT MAY COMPLETE OUR INVERTED FLAG AND POLE TARGET.
Nifty Bank (Considering only monthly Option Chain)
Bit premature to analyse Open Interest changes at present
Put Call Ratio Stands at 0.99 (Near to Oversold zone) for Nifty whereas for Nifty Bank it is 1.40 (Overbought zone)
Bit premature to analyse Open Interest changes at present
Put Call Ratio Stands at 0.99 (Near to Oversold zone) for Nifty whereas for Nifty Bank it is 1.40 (Overbought zone)
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