TODAY WE HAD GIVEN BANK NIFTY OPTION CALL ON OUR TELEGRAM CHANNEL AND IN THAT OUR TRAIL STOP LOSS WAS TRIGGERED BUT STILL WE GAINED 30 POINTS.
TODAY BULLS TRIED HARD FOR BREAKOUT IN NIFTY BANK AND ALSO SUCCEEDED TO CERTAIN EXTEND BUT THEN SUDDEN ENTRY OF BEARS SPOILED WHOLE MOMENTUM.
WE CAN SEE THAT BULLS MANAGED TO GIVE BREAKOUT CANDLE ALSO BUT SOME HOW BEARS AGAIN MANAGED TO GIVE BLOW TO BULLS BEFORE CLOSING.
FROM JUNE 11, 2018 WE ARE GOING TO START FRESH WEEKDAY BATCH ON TECHNICAL ANALYSIS FOR JUST 5000/- FOR 4 MONTHS. FOR MORE DETAILS CONTACT 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM
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.TODAY BULLS TRIED HARD FOR BREAKOUT IN NIFTY BANK AND ALSO SUCCEEDED TO CERTAIN EXTEND BUT THEN SUDDEN ENTRY OF BEARS SPOILED WHOLE MOMENTUM.
FROM JUNE 11, 2018 WE ARE GOING TO START FRESH WEEKDAY BATCH ON TECHNICAL ANALYSIS FOR JUST 5000/- FOR 4 MONTHS. FOR MORE DETAILS CONTACT 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM
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 Gains of 19 points at 10787 whereas Nifty Future (June Series) closed at 10786 (Discount of 1 point)
Nifty Bank Closed with Gains of 2 points at 26454 whereas Bank Nifty Future (May Series) closed at 26490 (Premium of 36 Points)
Nifty View
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 high shall act as strong resistance going forward on closing basis. (Fresh View)
FOR ENTIRE SERIES WE STILL HOLD SAME VIEW 10500 SHALL ACT AS STRONG SUPPORT.
Nifty Bank View
Resistance ~ 26457-26615-26760-26890-27065-27250-27400
Support ~ 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 high shall act as strong resistance going forward on closing basis. (Fresh View)
Nifty
Open Interest liquidation in 10600-10700-10800 & 11000 CE reflection profit booking by buyers. On PE front looking at Open Interest some correction or consolidation cannot be ruled out.
Only surprise is Open Interest at 10200 PE. (Repeat Comment)
Open Interest data suggest range for this series would be 26000-27000 (Highest OI) shifting from 25500 to 26000 has taken place. (Repeat Comment)
Put Call Ratio Stands at 1.27 for Nifty whereas for Nifty Bank it is 0.75
--------------------------------------------------------------------------------------------------------------------------
YOUTUBE CHANNEL
FOR LIVE MARKET UPDATE & FREE OPTION CALLS JOIN:-
--------------------------------------------------------------------------------------------------------------------------
FOR LIVE MARKET UPDATE & FREE OPTION CALLS JOIN:-
T.ME/NIFTY50STRIKER
--------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------
SOCIAL MEDIA TOUCH POINTS:-
IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155
--------------------------------------------------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------------------------------------------------
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.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.