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Monday 14 May 2018

Nifty & Nifty Bank View for 15/05/2018

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

 Nifty Spot Closed FLAT at 10807 whereas Nifty Future (May Series) closed at 10815 (Premium of 8 points) 

 Nifty Bank Closed with Small Gains of 62 points or 0.23% at 26475 whereas Bank Nifty Future (May Series) closed at 26454 (Discount of 21 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 ~ 10830-10883-10970-11045-11000

Support ~ 10786-10760-10666-10596-10535-10495-10455-10400-10345-10285-10178-10235-10120-10040-9985-9910-9870-9815

 Conclusion
Today's DOJI candle shows indecisive mode on end of day chart this is mainly due to event tomorrow. 

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 ~ 26615-26760-26890-27065-27250-27400

 Support ~ -26457-26424-26336-26135-25925-25880-25640-25775-25455-25340-25220-25150-25065-24810-24680-24650-24515-24150-24250-24380-24085-24010-23930-23810-23740

 Conclusion
Today's DOJI candle shows indecisive mode on end of day chart this is mainly due to event tomorrow. 

Option Chain Data

 Nifty

 Looking Open Interest data some negative surprise can't be ruled out tomorrow. 

 Nifty Bank (Considering only monthly Option Chain)

 Huge Open Open Interest additions can be seen on 26500 CE which may act as stiff resistance. (Repeat comment) 

 Put Call Ratio Stands at 1.40 (Overbought) for Nifty whereas for Nifty Bank it is 1.03 (Neutral) 
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1 comment:

  1. Rudra Investment1 June 2018 at 16:40

    Free Bank Nifty Tips , Nifty trading is the best part of the stock markets. This package usually helps traders to trade technically in times of market volatility, and also provides tips on nifty future based on pure technical analysis.

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