BULLS TRIED THEIR BEST BUT BEARS ATTACKED AND ATTACK WAS SO FURIOUS THAT BY THE END MAJORITY OF GAINS WERE WASHED AWAY.
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.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 Gains of 5 points or 0.05% at 10427 whereas Nifty Future (March Series) closed at 10426 (Discount of 1 Point)
Nifty Bank Closed with Gains of 74 points or 0.30% at 24739 whereas Bank Nifty Future (March Series) closed at 24816 (Premium of 77 points)
Nifty View
Resistance ~ 10455-10495-10535-10596-10666-10760-10786-10830-10883
Support ~ 10400-10345-10285-10235-10178-10120-10040-9985
Nifty Bank View
Now for next trading session important Resistance & Support Levels are as under:-
Resistance ~ 24810-25065-25150-25220-25340-25455-25640-25775-25880-25925-26336-26424-26457
Support ~ 24680-24514-24650-24382-24254-24174-24085-24010-23930-23810-23740
Option Chain Data.
Nifty
Sudden surge in 10700 CE Open Interest leads to confusion but going forward more upside can only be expected if Bulls managed to close above today's high.
Sudden surge in 10700 CE Open Interest leads to confusion but going forward more upside can only be expected if Bulls managed to close above today's high.
Nifty Bank (Considering only monthly Option Chain)
Further 24000 PE Open Interest is standing tall as strong support.
Put Call Ratio Stands at 1.00 (Neutral) for Nifty whereas for Nifty Bank it is 1.23(Overbought)
Further 24000 PE Open Interest is standing tall as strong support.
Put Call Ratio Stands at 1.00 (Neutral) for Nifty whereas for Nifty Bank it is 1.23(Overbought)
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