Nifty & Nifty Bank View for 27/02/2018

BULLS CONTINUED MOMENTUM WHICH THEY HAD STARTED ON FRIDAY WHICH HAS RESULTED IN RALLY OF 200 POINTS FOR NIFTY WHEREAS IF WE TALK ABOUT NIFTY BANK THEN GAINS ARE MORE THAN 700 POINTS IN JUST 2 SESSIONS...!!!

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.

Nifty Spot Closed with Gains of 92 points or 0.87% at 10583 whereas Nifty Future (March Series) closed at 10600 (Premium of 17  points) 

Nifty Bank Closed with Gains of 385 points or 1.52% at 25688 whereas Bank Nifty Future (March Series) closed at 25739 (Premium of 51 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)

Now for next trading session important Resistance & Support Levels are as under:- 

Resistance ~ 10596-10666-10760-10786-10830-10883

Support ~ 10535-10495-10455-10400-10345-10285-10235

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)

Now for next trading session important Resistance & Support Levels are as under:- 

Resistance ~ 25775-25880-25925-26336-26424-26457

Support ~ 25650-25455-25340-25220-25150-25065-24810-24650

Option Chain Data.

Nifty

Bit premature to analyse Open Interest changes at present 

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) 

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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.