Nifty & Nifty Bank View for 04/04/2018

ONCE AGAIN GOOD RECOVERY FROM LOWER LEVELS AND BULLS MANAGED TO CLOSE NIFTY & NIFTY BANK AT HIGHER LEVELS.


TODAY WE HAD BOOKED LOSS OF 20 POINTS IN OPTION TRADE (CALL WAS 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

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 33 points or 0.33% at 10245 whereas Nifty Future (April Series) closed at 10285 (Premium of 40 Points) 

Nifty Bank Closed with Good Gains of 182 points or 0.75% at 24511 whereas Bank Nifty Future (April Series) closed at 24598 (Premium of 87 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 ~ 10285-10345-10400-10455-10495-10535-10596-10666-10760-10786-10830-10883

Support ~ 10235-10178-10120-10040-9985-9910-9870-9815

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 ~ 24515-24650-24680-24810-25065-25150-25220-25340-25455-25640-25775-25880-25925-26336-26424-26457

Support ~ 24380-24250-24150-24085-24010-23930-23810-23740

Option Chain Data.

Nifty 

Open Interest data analysis not possible due to NSE Website issue

Nifty Bank (Considering only monthly Option Chain)

Open Interest data analysis not possible due to NSE Website issue

Put Call Ratio Stands at 1.11 (Neutral) for Nifty whereas for Nifty Bank it is 1.44 (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.