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.