SEEMS BULLS ARE COMING IN GUEST APPEARANCE AND THEN AGAIN BEARS ARE TAKING LEAD ROLE AT DALAL STREET.
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 Minor Loss of 41 points or 0.40% at 10115 whereas Nifty Future (March Series) closed at 10128 (Premium of 13 Points)
Nifty Bank Closed with Minor Loss of 114 points or 0.47% at 24141 whereas Bank Nifty Future (March Series) closed at 24172 (Premium of 31 points)
Nifty View
Resistance ~ 10120-10178-10235-10285-10345-10400-10455-10495-10535-10596-10666-10760-10786-10830-10883
Support ~ 10040-9985
Nifty Bank View
Resistance ~ 24254-24174-24382-24514-24650-24680-24810-25065-25150-25220-25340-25455-25640-25775-25880-25925-26336-26424-26457
Support ~ 24085-24010-23930-23810-23740
Option Chain Data.
Nifty
ITM PE liquidation and OTM additions leads to doubt on major upside.
10500 CE stands tall with highest Open Interest which may act as strong resistance where on PE front 10000 PE may act as strong support.
ITM PE liquidation and OTM additions leads to doubt on major upside.
10500 CE stands tall with highest Open Interest which may act as strong resistance where on PE front 10000 PE may act as strong support.
Nifty Bank (Considering only monthly Option Chain)
Surprisingly 24500 PE is having highest Open Interest and Nifty Bank (spot) closed below that.
Put Call Ratio Stands at 0.78 (Oversold) for Nifty whereas for Nifty Bank it is 1.11 (Neutral)
Surprisingly 24500 PE is having highest Open Interest and Nifty Bank (spot) closed below that.
Put Call Ratio Stands at 0.78 (Oversold) for Nifty whereas for Nifty Bank it is 1.11 (Neutral)
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