Nifty & Nifty Bank View for 06/04/2018

IN OUR WEEKLY VIEW WE HAD SAID CLEARLY EXCEPT ANY DRAMA WE ARE NOT LOOKING NIFTY & NIFTY BANK BELOW 10000 & 24000. THOSE MISSED THAT POST ARE REQUEST TO CLICK HERE TO READ IT. 

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

Nifty Spot Closed with Mammoth Gains of 197 points or 1.94% at 10325 whereas Nifty Future (April Series) closed at 10352 (Premium of 27 Points) 

Nifty Bank Closed with Mammoth Gains of 630 points or 2.61% at 24760 whereas Bank Nifty Future (April Series) closed at 24809 (Premium of 49 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 ~ 10345-10400-10455-10495-10535-10596-10666-10760-10786-10830-10883

Support ~ 10285-10178-10235-10120-10040-9985-9910-9870-9815

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

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

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 1.10 (Neutral) for Nifty whereas for Nifty Bank it is 1.53 (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.