YESTERDAY BEARS ATTACKED AND TODAY BULLS MANAGED TO RULE...!!!
BUT AT AROUND 1300 HRS WE HAD GIVEN CLEAR CAUTION ON OUR TELEGRAM CHANNEL THAT PUT WRITING IS GOING ON FOR BANK NIFTY WEEKLY EXPIRY (NEAR AND NEXT) MESSAGE WAS AS UNDER:-
"PUT WRITING IS VISIBLE FOR BANK NIFTY WEEKLY EXPIRY. (THIS WEEK AND NEXT WEEK) ESPECIALLY BELOW 24500 STRIKE PRICES"
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.BUT AT AROUND 1300 HRS WE HAD GIVEN CLEAR CAUTION ON OUR TELEGRAM CHANNEL THAT PUT WRITING IS GOING ON FOR BANK NIFTY WEEKLY EXPIRY (NEAR AND NEXT) MESSAGE WAS AS UNDER:-
"PUT WRITING IS VISIBLE FOR BANK NIFTY WEEKLY EXPIRY. (THIS WEEK AND NEXT WEEK) ESPECIALLY BELOW 24500 STRIKE PRICES"
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 16 points or 0.15% at 10411 whereas Nifty Future (March Series) closed at 10425 (Premium of 14 Points)
Nifty Bank Closed with Gains of 113 points or 0.46% at 24852 whereas Bank Nifty Future (March Series) closed at 24933 (Premium of 81 points)
Lets have look at Nifty Future Chart (Old chart can be found here)
Nifty View
Resistance ~ 10455-10495-10535-10596-10666-10760-10786-10830-10883
Support ~ 10400-10345-10285-10235-10178-10120-10040-9985
Nifty Bank View
Resistance ~ 25065-25150-25220-25340-25455-25640-25775-25880-25925-26336-26424-26457
Support ~ 24810-24680-24650-24514-24382-24254-24174-24085-24010-23930-23810-23740
Option Chain Data.
Nifty
Sudden surge in 10400 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 10400 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 1.02 (Neutral) for Nifty whereas for Nifty Bank it is 1.22(Overbought)
Further 24000 PE Open Interest is standing tall as strong support.
Put Call Ratio Stands at 1.02 (Neutral) for Nifty whereas for Nifty Bank it is 1.22(Overbought)
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thx
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