Nifty & Nifty Bank View for 27/04/2018

WHATEVER WE EXPECTED YESTERDAY IN LAST 1 HOUR OF TRADE BULLS OBLIGED SAME DURING LAST 1 HOUR OF TRADE TODAY...!!! BELOW IS SCREENSHOT OF OUR DISCUSSION OF OUR ONLINE TECHNICAL ANALYSIS WORKSHOP. 

FROM MAY 19, 2018 WE ARE GOING TO START FRESH WEEKEND BATCH ON TECHNICAL ANALYSIS. FOR MORE DETAILS CONTACT 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM

NOT ONLY THAT ONE OF OUR STUDENT WHO TRADES ON SINGLE INDICATOR WAS HOLDING YES BANK LONG SIDE TRADE 3 DAYS IN ADVANCE....!!!

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 Gains of 47 points or 0.41% at 10618 whereas Nifty Future (May Series) closed at 10612 (Discount of  6 points) 

Nifty Bank Closed with Gains of 228 points or 0.79% at 25010 whereas Bank Nifty Future (May Series) closed at 25022 (Premium of 12 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 ~ 10666-10760-10786-10830-10883

Support ~ 10596-10535-10495-10455-10400-10345-10285-10178-10235-10120-10040-9985-9910-9870-9815

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 
Bit early to analyse Open Interest data

Nifty Bank (Considering only monthly Option Chain)

As we shall have 4 weekly and 1 monthly Option Chain so lots of volatility cannot be ruled out. 
Bit early to analyse Open Interest data

Put Call Ratio Stands at 1.14 (Neutral) for Nifty whereas for Nifty Bank it is 1.33 (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.