TRIPLE CENTURY BY BEARS OR IN OTHER WORDS HAT TRICK OF CENTURY ...!!!! (IGNORING FEW POINTS)
AT AROUND 1132 HRS WE HAD SAID THAT 24500 CE MAY GAIN HIGHEST OPEN INTEREST TAG FOR BANK NIFTY WEEKLY EXPIRY AND BY EOD SAME WAS DONE BY OPTION WRITERS.
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.AT AROUND 1132 HRS WE HAD SAID THAT 24500 CE MAY GAIN HIGHEST OPEN INTEREST TAG FOR BANK NIFTY WEEKLY EXPIRY AND BY EOD SAME WAS DONE BY OPTION WRITERS.
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 95 points or 0.93% at 10154 whereas Nifty Future (March Series) closed at 10171 (Premium of 17 points)
Nifty Bank Closed with Loss of 314 points or 1.29% at 24134 whereas Bank Nifty Future (March Series) closed at 24214 (Premium of 80 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 ~ 10178-10235-10345-10285-10400-10455-10495-10535-10596-10666-10760-10786-10830-10883
Support ~ 10120-10040-9985
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 ~ 25174-24254-24382-24514-24650-24810-25065-25150-25220-25340-25455-25640-25775-25880-25925-26336-26424-26457
Support ~ 24085-24010-23930-23810-23740
Option Chain Data.
Nifty
Sudden surge in 10600 CE leads to some doubt for more downside
Sudden surge in 10600 CE leads to some doubt for more downside
Nifty Bank (Considering only monthly Option Chain)
Long expiry but still if we see Open Interest then 24000 PE on downside and 25500 CE are standing tall which may act as strong support and resistance. (as expected 25500 CE gained highest OI tag)
Put Call Ratio Stands at 0.76 (Oversold) for Nifty whereas for Nifty Bank it is 1.03(Neutral)
Long expiry but still if we see Open Interest then 24000 PE on downside and 25500 CE are standing tall which may act as strong support and resistance. (as expected 25500 CE gained highest OI tag)
Put Call Ratio Stands at 0.76 (Oversold) for Nifty whereas for Nifty Bank it is 1.03(Neutral)
------------------------------------------------------------------------------
FOR LIVE MARKET UPDATE & FREE OPTION CALLS JOIN:-
T.ME/NIFTY50STRIKER
------------------------------------------------------------------------------
SOCIAL MEDIA TOUCH POINTS:-
THOSE WHO WANT RECORDINGS OF OLD FREE WEBINARS ARE REQUESTED TO CLICK HERE
------------------------------------------------------------------------------
IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155
------------------------------------------------------------------------------
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.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.