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ON APRIL 20, 2018 WE HAD DISCUSSED BRENT CRUDE CHART WITH OUR TECHNICAL ANALYSIS ONLINE WORKSHOP TILL NOW IT IS MOVING AS PER EXPECTATION. CLICK HERE TO KNOW MORE.
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 17/05/2018)
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.ON APRIL 20, 2018 WE HAD DISCUSSED BRENT CRUDE CHART WITH OUR TECHNICAL ANALYSIS ONLINE WORKSHOP TILL NOW IT IS MOVING AS PER EXPECTATION. CLICK HERE TO KNOW MORE.
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 17/05/2018)
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 58 points at 10682 whereas Nifty Future (May Series) closed at 10696 (Premium of 14 points)
Nifty Bank Closed with Loss of 108 points at 26074 whereas Bank Nifty Future (May Series) closed at 26072 (Discount of 2 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
Today's big red candle indicates some more downside move cannot be ruled out.
Nifty Bank ViewResistance ~ 26135-26336-26424-26457-26615-26760-26890-27065-27250-27400
Support ~ 25925-25880-25640-25775-25455-25340-25220-25150-25065-24810-24680-24650-24515-24150-24250-24380-24085-24010-23930-23810-23740
Conclusion
Today's big red candle indicates some more downside move cannot be ruled out.
Nifty
Addition in Open Interest in strike price below 10500 reflects greed by Retail Traders. 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. Now going forward more upside above 26500 can only be expected once Bulls manages to close above 26500 for Spot Nifty Bank (Repeat Para)
Going forward any close below 26000 may lead to some more downside which drag it till 25500 levels.
Put Call Ratio Stands at 1.17 (Overbought) for Nifty whereas for Nifty Bank it is 0.89 (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.
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