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.
Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next session.Nifty Spot Closed with Gains of 23 points or 0.22% at 10402 whereas Nifty Future (April Series) closed at 10422 (Premium of 20 Points)
Nifty Bank Closed with Gains of 133 points or 0.89% at 25227 whereas Bank Nifty Future (April Series) closed at 25204 (Discount of 23 Points)
Nifty View
WE CAN SEE THAT NIFTY FUTURE HAS GIVEN CHANNEL PATTERN BREAKOUT BUT ROAD AHEAD FOR BULLS WOULD NOT BE EASY. BULLS MAY FACE STRONG RESISTANCE AT 10490-10540 ZONE. CLOSE ABOVE THIS MAY TRIGGER MORE UPSIDE MOVE UPTO 1%.
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance ~ 10455-10495-10535-10596-10666-10760-10786-10830-10883
Support ~ 10400-10345-10285-10178-10235-10120-10040-9985-9910-9870-9815
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis)are as under:-
Resistance ~ 25340-25455-25640-25775-25880-25925-26336-26424-26457
Support ~ 25150-25220-25065-24810-24680-24650-24515-24150-24250-24380-24085-24010-23930-23810-23740
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.
Nifty Bank (Considering only monthly Option Chain)
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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.
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