Nifty & Nifty Bank View for 03/04/2018

NOT ONLY IN OUR WEEKLY VIEW YESTERDAY ALSO WE HAD CLEARLY GIVEN OUR VIEW (ON SOCIAL MEDIA - TWITTER & TELEGRAM CHANNEL)  THAT EXCEPT ANY DRAMA WE ARE LOOKING NIFTY & NIFTY BANK BELOW 10000 & 24000 IN APRIL SERIES. IN CONTINUATION TO THAT WE HAD EN-CASHED ABOUT 195 POINTS IN INTRADAY BANK NIFTY FUTURE TRADE SHARED ON OUR TELEGRAM CHANNEL

WE ARE GOING TO START NEW TECHNICAL ANALYSIS BATCH FROM 2nd 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

DURING  MARKETS HOURS WE HAD ALREADY GUIDED OUR TECHNICAL ANALYSIS PARTICIPANTS ABOUT THIS MOVE.

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 Good Gains of 98 points or 0.97% at 10212 whereas Nifty Future (April Series) closed at 10270 (Premium of 58 Points) 

Nifty Bank Closed with Good Gains of 65 points or 0.27% at 24328 whereas Bank Nifty Future (April Series) closed at 24432 (Premium of 104 points) 

Nifty View

Let's have look at Nifty future daily chart

Now for next trading session important Resistance & Support Levels (Spot basis) 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

Let's have look at Bank Nifty future daily chart

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

Resistance ~ 24382-24514-24650-24680-24810-25065-25150-25220-25340-25455-25640-25775-25880-25925-26336-26424-26457

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

Option Chain Data.

Nifty 

Open Interest for April series Option Chain data shows 10000 PE may act as strong support  whereas on upside 10500 CE may act as strong resistance. 

Nifty Bank (Considering only monthly Option Chain)

Open Interest for April series Option Chain data shows 24000 PE may act as strong support  whereas on upside 25000 CE may act as strong resistance. 

Put Call Ratio Stands at 0.89 (Neutral) for Nifty whereas for Nifty Bank it is 1.18 (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.