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Monday 30 April 2018

Nifty & Nifty Bank View for 02/05/2018

WHATEVER WE HAD DISCUSSED ON RELIANCE INDUSTRIES IN OUR STUDENT'S GROUP ON FRIDAY HAS HAPPENED TODAY...!!!

FROM MAY 19, 2018 WE ARE GOING TO START FRESH WEEKEND BATCH ON TECHNICAL ANALYSIS. FOR MORE DETAILS CONTACT 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM

WE HAVE ALREADY SHARED OUR WEEKLY VIEW THOSE WHO MISSED TO READ THAT ARE REQUESTED 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 47 points or 0.44% at 10739 whereas Nifty Future (May Series) closed at 10780 (Premium of  41 points) 

Nifty Bank Closed with Gains of 137 points or 0.54% at 25531 whereas Bank Nifty Future (May Series) closed at 25636 (Premium of 105 Points) 

Nifty View


Lets have look at Nifty Future Daily Chart


Now for next trading session important Resistance & Support Levels (Spot basis) are as under:- 

Resistance ~ 10760-10786-10830-10883-10970-11045-11000

Support ~ 10666-10596-10535-10495-10455-10400-10345-10285-10178-10235-10120-10040-9985-9910-9870-9815

Conclusion 
We can see that Nifty Future has given clear breakout from resistance zone so more upside cant be ruled. 

Nifty Bank View


Lets have look at Bank Nifty Future Daily Chart


Now for next trading session important Resistance & Support Levels (Spot basis)are as under:- 

Resistance ~ 25640-25775-25880-25925-26336-26424-26457

Support ~ 25455-25340-25220-25150-25065-24810-24680-24650-24515-24150-24250-24380-24085-24010-23930-23810-23740

Conclusion 

We can see that bank Nifty Future has given clear breakout from resistance zone so more upside cant be ruled. but going forward 25750-25780 may act as strong resistance.

Option Chain Data.

Nifty 
We can see that slowly slowly Open Interest data is getting built and with that we can see 10500 PE shall act as strong support and on upside 11000 CE may act as resistance. 

Nifty Bank (Considering only monthly Option Chain)
Huge Open Open Interest can be seen 24000 & 24500 PE which can be considered as strong support. 

Put Call Ratio Stands at 1.23 (Overbought) for Nifty whereas for Nifty Bank it is 1.28 (Overbought) 
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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. 

Sunday 29 April 2018

Nifty & Nifty Bank Weekly View for 30/04/2018 to 04/05/2018

ONCE AGAIN NIFTY & BANK NIFTY OBLIGED OUR WEEKLY VIEW...!!!

IF YOU MISSED THAT POST PLEASE CLICK TO READ THAT

ANYWAY LETS MOVE FORWARD AND UNDERSTAND HOW MARKETS MOVED IN LAST SESSION. 

NIFTY CLOSED WITH GAINS OF ABOUT 130 POINTS WHEREAS BANK NIFTY CLOSED WITH GAINS OVER 450 POINTS...!!!

Now lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next week.


Nifty View

Lets have look at Nifty Weekly Chart


Important levels for next week are 9610-9695-9750-9815-9870-9910-9985-10040-10120-10178-10235-10285-10345-10400-10455-10495-10535-10596-10666-10760 which may act as support or resistance as the case may be. 

Weekly 20 & 50 EMA comes at 10399 & 10083 


CONCLUSION

Next week if 10480-10500 is not broken on closing basis of 2 sessions we can upside till 10650-10680 levels (LAST WEEK VIEW AND BULLS OBLIGED TO FULLEST)

NOW FOR ENTIRE MAY SERIES IF BULLS MANAGED TO SAVE 10500 ON CLOSING BASIS THEN BY JUNE EXPIRY WE MAY SEE NEW LIFE HIGH FOR NIFTY BUT IF SEE 2 CLOSES BELOW 10500 THEN AGAIN BEARS MAY DRAG NIFTY NEAR TO 10000 LEVELS. 

Nifty Bank View

Lets have look at Nifty Bank Weekly Chart


Important levels for next week are 22980-23090-23215-23325-23445-23575-23630-23740-23810-23930-24010-24085-24150-24250-24380-24515-24680-24810-25065-25150-25220-25340-25455-25650 which may act as support or resistance as the case may be. 

Weekly 20 & 50 EMA comes at 25004 & 24230 respectively. 

CONCLUSION

Next week if 24500-25600 is saved by bulls then more upside till 25400-25500 is possible on or before expiry. (LAST WEEK VIEW AND BULLS OBLIGED WITH 1 DAY DELAY FOR DESIRED TARGET) 

NOW FOR ENTIRE MAY SERIES IF BULLS MANAGED TO SAVE 24500 ON CLOSING BASIS THEN BY JUNE EXPIRY WE MAY SEE NEW LIFE HIGH FOR NIFTY BANK TOO BUT IF SEE 2 CLOSES BELOW 24500 THEN AGAIN BEARS MAY DRAG NIFTY NEAR TO 23500 LEVELS.
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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. 

Thursday 26 April 2018

Nifty & Nifty Bank View for 27/04/2018

WHATEVER WE EXPECTED YESTERDAY IN LAST 1 HOUR OF TRADE BULLS OBLIGED SAME DURING LAST 1 HOUR OF TRADE TODAY...!!! BELOW IS SCREENSHOT OF OUR DISCUSSION OF OUR ONLINE TECHNICAL ANALYSIS WORKSHOP. 



FROM MAY 19, 2018 WE ARE GOING TO START FRESH WEEKEND BATCH ON TECHNICAL ANALYSIS. FOR MORE DETAILS CONTACT 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM

NOT ONLY THAT ONE OF OUR STUDENT WHO TRADES ON SINGLE INDICATOR WAS HOLDING YES BANK LONG SIDE TRADE 3 DAYS IN ADVANCE....!!!

WE HAVE ALREADY SHARED OUR WEEKLY VIEW THOSE WHO MISSED TO READ THAT ARE REQUESTED 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 47 points or 0.41% at 10618 whereas Nifty Future (May Series) closed at 10612 (Discount of  6 points

Nifty Bank Closed with Gains of 228 points or 0.79% at 25010 whereas Bank Nifty Future (May Series) closed at 25022 (Premium of 12 Points) 

Nifty View


Lets have look at Nifty Future Daily Chart


Now for next trading session important Resistance & Support Levels (Spot basis) are as under:- 

Resistance ~ 10666-10760-10786-10830-10883

Support ~ 10596-10535-10495-10455-10400-10345-10285-10178-10235-10120-10040-9985-9910-9870-9815

Nifty Bank View


Lets have look at Bank Nifty Future Daily Chart




Now for next trading session important Resistance & Support Levels (Spot basis)are as under:- 

Resistance ~ 25065-25150-25220-25340-25455-25640-25775-25880-25925-26336-26424-26457

Support ~ 24810-24680-24650-24515-24150-24250-24380-24085-24010-23930-23810-23740

Option Chain Data.

Nifty 
Bit early to analyse Open Interest data

Nifty Bank (Considering only monthly Option Chain)
As we shall have 4 weekly and 1 monthly Option Chain so lots of volatility cannot be ruled out. 
Bit early to analyse Open Interest data

Put Call Ratio Stands at 1.14 (Neutral) for Nifty whereas for Nifty Bank it is 1.33 (Overbought) 
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IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155
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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. 

Wednesday 25 April 2018

Nifty & Nifty Bank View for 26/04/2018

WHATEVER WE EXPECTED YESTERDAY BEARS OBLIGED THAT ON REAL TIME BASIS ON SCREEN...!!!

THOSE WHO MISSED OUR LAST POST ARE REQUEST TO CLICK HERE.

NOW GOING FORWARD FOR NEXT SESSION BEING AN EXPIRY SOME VOLATILITY CANT BE RULED OUT. BUT THAT SHALL BE IN TIGHT RANGE. 

WE HAVE ALREADY SHARED OUR WEEKLY VIEW THOSE WHO MISSED TO READ THAT ARE REQUESTED 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 Loss of  44 points or 0.41% at 10571 whereas Nifty Future (April Series) closed at 10569 (Premium of 2 points

Nifty Bank Closed with Loss  of 228 points or 0.91% at 24814 whereas Bank Nifty Future (April Series) closed at 25780 (Discount of 34 Points) 

Nifty View


Lets have look at Nifty Future Daily Chart





Now for next trading session important Resistance & Support Levels (Spot basis) are as under:- 

Resistance ~ 10596-10666-10760-10786-10830-10883

Support ~ 10535-10495-10455-10400-10345-10285-10178-10235-10120-10040-9985-9910-9870-9815

Nifty Bank View


Lets have look at Bank Nifty Future Daily Chart



Now for next trading session important Resistance & Support Levels (Spot basis)are as under:- 

Resistance ~ 25065-25150-25220-25340-25455-25640-25775-25880-25925-26336-26424-26457

Support ~ 24810-24680-24650-24515-24150-24250-24380-24085-24010-23930-23810-23740

Option Chain Data.

Nifty 

About 2500k shared were added in 10550-10600-10600 CE  Open Interest but on PE front across the board huge liquidation can be seen. 


Nifty Bank (Considering only monthly Option Chain)


Some built-up in Open Interest in 24700 to 25000 (CE Front) can be seen whereas on PE Front we can see huge liquidation. 

Put Call Ratio Stands at 1.53 (Overbought) for Nifty whereas for Nifty Bank it is 1.07 (Overbought) 
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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. 

Tuesday 24 April 2018

Nifty & Nifty Bank View for 25/04/2018

NEWER HIGH FOR NIFTY FUTURE BUT STILL FACING RESITANCE HIGHER LEVELS (INFACT ON CHARTS ALSO) BUT STILL BULLS ARE ON BACK SEAT FOR BANK NIFTY FUTURE...!!!

FURTHER WITH CONTINUOUS REJECTION BULLS ENTRY AGAIN FOR BANK NIFTY NOW THINGS ARE NOT GOING TO BE EASY FOR NIFTY BULLS TOO...!!! 

WE HAVE ALREADY SHARED OUR WEEKLY VIEW THOSE WHO MISSED TO READ THAT ARE REQUESTED 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 30 points or 0.28% at 10614 whereas Nifty Future (April Series) closed at 10618 (Premium of 4 points

Nifty Bank Closed with Gains of 81 points or 0.33% at 25042 whereas Bank Nifty Future (April Series) closed at 25014 (Discount of 28 Points) 

Nifty View


Lets have look at Nifty Future Daily Chart




Now for next trading session important Resistance & Support Levels (Spot basis) are as under:- 

Resistance ~ 10666-10760-10786-10830-10883

Support ~ 10596-10535-10495-10455-10400-10345-10285-10178-10235-10120-10040-9985-9910-9870-9815

Nifty Bank View


Lets have look at Bank Nifty Future Daily Chart



Now for next trading session important Resistance & Support Levels (Spot basis)are as under:- 

Resistance ~ 25150-25220-25340-25455-25640-25775-25880-25925-26336-26424-26457

Support ~ 25065-24810-24680-24650-24515-24150-24250-24380-24085-24010-23930-23810-23740

Option Chain Data.

Nifty 

Significant Open Interest liquidations can be seen on CE shows exit of Writers due to low premium. (Repeat comment) Highest OI PE Front at 10500 whereas on CE front it is at 10700. 


Nifty Bank (Considering only monthly Option Chain)


Some built-up in Open Interest in 25100 to 25500 (CE Front) can be seen whereas on PE Front this range is limited to 24500-24500; which can be considered range shifting. 

Put Call Ratio Stands at 1.63 (Overbought) for Nifty whereas for Nifty Bank it is 1.32 (Overbought) 
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IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155
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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.