Nifty & Nifty Bank View for 2/03/2018

RIGHT BEFORE MONDAY'S TRADING SESSION STARTED WE HAD GIVEN OUR SIMPLE VIEW ON OUR TELEGRAM CHANNEL AS WELL AS ON OUR TWITTER HANDLE MESSAGE WAS AS UNDER:- 

NOW EVERYONE IS TALKING ABOUT HEAD & SHOULDER BEARISH PATTERN IN #NIFTY FOR SOME PATTERN TARGET OF 9200 OR SO BUT JUST TRY TO UNDERSTAND WISELY EASY MONEY WHICH WAS TO BE MADE IS ALREADY MADE BY BIGGIES FROM 11150+ TP 10300 THEN AGAIN 10600 TO SUB 10000....

AFTER THAT BULLS MANAGED TO LIFT NIFTY ABOUT 185 POINTS (CONSIDERED SPOT) WHERE AS FOR NIFTY  BANK GAINS ARE ABOUT 764 POINTS. 

WE ARE GOING TO START NEW TECHNICAL ANALYSIS BATCH FROM 1st WEEK OF APRIL, 2018 WITH 4 MONTHS COMPLETE SUPPORT ON/OFF MARKET SUPPORT FOR JUST 5000/- INTERESTED TRADERS MAY CONTACT US ON 08866145155 OR NIFTY50STRIKER@GMAIL.COM

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 54 points or 0.53% at 10184 whereas Nifty Future (March Series) closed at 10179 (Discount of 5 Points) 

Nifty Bank Closed with Gains of 190 points or 0.78% at 24434 whereas Bank Nifty Future (March Series) closed at 24400 (Discount of 34 points) 

Nifty View

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

Resistance ~ 10235-10285-10345-10400-10455-10495-10535-10596-10666-10760-10786-10830-10883

Support ~ 10178-10120-10040-9985-9910-9870-9815

Nifty Bank View

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

Resistance ~ 24514-24650-24680-24810-25065-25150-25220-25340-25455-25640-25775-25880-25925-26336-26424-26457

Support ~ 24382-24174-24254-24085-24010-23930-23810-23740

Option Chain Data.

Nifty 

Next trading session will expiry session for March series so Open Interest analysis may not solve purpose. 

Nifty Bank (Considering only monthly Option Chain)

Next trading session will expiry session for March series so Open Interest analysis may not solve purpose. 

Put Call Ratio Stands at 0.87 (Neutral) for Nifty whereas for Nifty Bank it is 0.99 (Neutral) 

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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.