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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 (ALREADY 4 SEATS BOOKED) WORKSHOP FEES 4750/- FOR 4 MONTHS (IF PAID ON OR BEFORE 17/04/2018)
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.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 (ALREADY 4 SEATS BOOKED) WORKSHOP FEES 4750/- FOR 4 MONTHS (IF PAID ON OR BEFORE 17/04/2018)
WE HAVE ALREADY SHARED OUR WEEKLY VIEW THOSE WHO MISSED TO READ THAT ARE REQUESTED TO CLICK HERE TO READ IT.
Nifty Spot Closed with Loss at 60 points at 10741 whereas Nifty Future (May Series) closed at 10764 (Premium of 23 points)
Nifty Bank Closed with Loss of 292 points at 26182 whereas Bank Nifty Future (May Series) closed at 26217 (Premium of 35 Points)
Nifty View
Resistance ~ 10760-10786-10830-10883-10970-11045-11000
Support ~ 10666-10596-10535-10495-10455-10400-10345-10285-10178-10235-10120-10040-9985-9910-9870-9815
Conclusion
Nifty Bank View
Resistance ~ 26336-26424-26457-26615-26760-26890-27065-27250-27400
Support ~ -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.
Nifty
Looking Open Interest data and liquidation on PE front we are not expecting fall below 10500 except any drama.
Nifty Bank (Considering only monthly Option Chain)
Huge Open Open Interest can be seen on 26500 CE which may act as stiff resistance. (Repeat comment) Now going forward more upside above 26500 can only be expected once Bulls manages to close above 26500 for Spot Nifty Bank
Put Call Ratio Stands at 1.35 (Overbought) for Nifty whereas for Nifty Bank it is 0.97 (Neutral)
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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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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.
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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