Nifty & Nifty Bank View for 01/08/2018

BULLS TOOK SMALL BREAK BUT IN THAT BEARS TRIED TO BE IN DRIVER SEAT BUT SOME HOW STILL BOTH INDICES ARE IN SELF DRIVE MODE (BULLISH) WHICH WAS SEEN IN LAST 1 HOUR RECOVERY LEAD BY MAJOR HEAVY WEIGHTS. 

FROM 6th AUGUST 2018 WE ARE GOING TO START ONLINE TECHNICAL ANALYSIS WEEKDAY BATCH  (7th IN ROW) FOR AVAILING 10% EARLY BIRD DISCOUNT TILL 31/07/2018 AND/OR FOR MORE DETAILS CALL 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM

WE HAVE ALREADY SHARED OUR WEEKLY VIEW. TO READ OUR WEEKLY VIEW CLICK HERE 

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

Nifty Spot Closed with 37 points Gains at 11357 whereas Nifty Future (August Series) closed at 11375 (Premium of 18 Points) 

Nifty Bank Closed with 78 points Loss at 27764 whereas Bank Nifty Future (August Series) closed at 27811 (Premium of 47 Points) 

Nifty View

Now for next trading session important Resistance & Support Levels (Spot basis) are as under:- 

Resistance ~ 11390-11400 & 11510-11520 (zones as per higher time-frames) 

Support ~ 11320-11300-11275-11235-11210-11185-11170-11150-11125-11100-11070-11045-11020-10980-10940-10895-10870-10840-10815-10785

Conclusion

Once again technical pattern we can expect 11590-11600 levels for NIFTY FUTURE in next 30 sessions. Entry for this target can be taken till 11200-11180 levels. (Repeat comment) 

Nifty Bank View

Now for next trading session important Resistance & Support Levels (Spot basis)are as under:- 

Resistance ~ 27790-27825-27845 where on higher timeframe 28100-28200 zone should act as strong resistance zone going forward.  

Support ~ 27720-27680-27640-27600-27470-27335-27230-27145-27045-26970-26900-26805-26765-26695-26650-26615-26520

Conclusion

On very short term basis Bulls must be targeting 27900-27920 (already already shared by us on Telegram channel & Twitter handle) (Repeat comment) 

Now we feel that Tomorrow we may see this level on screen. 

Option Chain Data

Nifty

Good OPEN INTEREST built-up is taking place on both sides. 

Nifty Bank 

Weekly Option Chain

Some OPEN INTEREST built-up is required at 28000 CE. (Previous blog post comment) As expected in previous in previous post we can see some more additions in 27800-27900-28000 & 28200 CE. 

PE front 27500 PE gained highest OPEN INTEREST tag. 

Monthly Option Chain

Some OPEN INTEREST built-up can be seen in 28500 CE so probably Bulls are aiming that level also in this series. (Repeat comment) 

Put Call Ratio Stands at 1.45 for Nifty whereas for Nifty Bank it is 1.19

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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. 

Nifty & Nifty Bank View for 31/07/2018

NIFTY & BANK NIFTY MOVING AS PER OUT EXPECTATIONS WHICH WE HAD SHARED IN OUR WEEKLY POST ALSO ALSO DURING LIVE MARKET HOURS ...!!!

FROM 6th AUGUST 2018 WE ARE GOING TO START ONLINE TECHNICAL ANALYSIS WEEKDAY BATCH  (7th IN ROW) FOR AVAILING 10% EARLY BIRD DISCOUNT TILL 31/07/2018 AND/OR FOR MORE DETAILS CALL 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM

WE HAVE ALREADY SHARED OUR WEEKLY VIEW. TO READ OUR WEEKLY VIEW CLICK HERE 

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

Nifty Spot Closed with 41 points Gains at 11320 whereas Nifty Future (August Series) closed at 11339 (Premium of 19 Points) 

Nifty Bank Closed with 208 points Gains at 27843 whereas Bank Nifty Future (August Series) closed at 27855 (Premium of 12 Points) 

Nifty View

Now for next trading session important Resistance & Support Levels (Spot basis) are as under:- 

Resistance ~ 11390-11400 & 11510-11520 (zones as per higher time-frames) 

Support ~ 11300-11275-11235-11210-11185-11170-11150-11125-11100-11070-11045-11020-10980-10940-10895-10870-10840-10815-10785

Conclusion

Once again technical pattern we can expect 11590-11600 levels for NIFTY FUTURE in next 30 sessions. Entry for this target can be taken till 11200-11180 levels. 

Nifty Bank View

Now for next trading session important Resistance & Support Levels (Spot basis)are as under:- 

Resistance ~ 28100-28200 should act as strong resistance zone going forward.  

Support ~ 27600-27470-27335-27230-27145-27045-26970-26900-26805-26765-26695-26650-26615-26520

Conclusion

On very short term basis Bulls must be targeting 27900-27920 (already already shared by us on Telegram channel & Twitter handle) 

Option Chain Data

Nifty

Good OPEN INTEREST built-up is taking place on both sides. 

Nifty Bank 

Weekly Option Chain

Some OPEN INTEREST built-up is required at 28000 CE. 

Monthly Option Chain

Some OPEN INTEREST built-up can be seen in 28500 CE so probably Bulls are aiming that level also in this series. 

Put Call Ratio Stands at 1.41 for Nifty whereas for Nifty Bank it is 1.21

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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. 

Nifty & Nifty Bank Weekly View for 30/07/2018 to 03/08/2018

11215 WAS OUR TARGET FOR NIFTY IN LAST WEEK WHICH WE HAD SHARED IN OUR DAILY VIEW FOR NIFTY & BANK NIFTY BLOG POST. 

 ATLAST ON DUE TIME BULLS MANAGED TO COMPLETE OUR TARGET...!!!

ON SUNDAY AT 11:00 AM FREE WEBINAR ON DIVERGENCE (HELPFUL FOR FINDING REVERSAL WITH HELP OF BASIC INDICATOR) SHALL BE CONDUCTED. TO REGISTER CLICK HERE 

ON SUNDAY AT 12:30 PM FREE WEBINAR ON AGGRESSIVE PATTERN (HELPFUL TO UNDERSTAND SHORT COVERING OR SHORT BUILT-UP) TRADING STRATEGY SHALL BE CONDUCTED. TO REGISTER CLICK HERE

  

IF YOU ARE EQUITY TRADER JOIN OUR TELEGRAM EQUITY CHANNEL & IF YOU ARE COMMODITY TRADER TOO THEN YOU CAN JOIN OUR TELEGRAM COMMODITY CHANNEL AS WELL. 

IN OUR LAST BLOG WEEKLY POST WE HAD SHARED OUR VIEW THAT WE ARE EXPECTING RANGE BETWEEN 10860-11240 FOR NIFTY AND ACTUAL RANGE REMAINED 11010-11283 NOW FOR BANK NIFTY EXPECTED RANGE WAS 26600-27400 AND ACTUAL RANGE 26671-27661 SO MORE OR LESS OUR RANGE WAS RESPECTED BY BEARS. FOR DOWNSIDE BUT BULLS WERE SUPERCHARGED AND MANAGED TO LIFT BOTH INDICES TO LIFE TIM HIGH. 

WE ARE GOING TO START ONLINE TECHNICAL ANALYSIS WEEKDAY BATCH (7th BATCH) FROM 06/08/2018 WITH 4 MONTHS WITH ONLINE/OFFLINE SUPPORT VIA TELEGRAM GROUP. TO AVAIL EARLY BIRD DISCOUNT OF 10%  (TILL 31/07/2018) OR FOR MORE DETAILS CALL 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM

NOW LETS HAVE LOOK AT WEEKLY CLOSE FOR NIFTY & BANK NIFTY 

WEEK ON WEEK NIFTY CLOSED WITH GAINS OF 268 POINTS WHEREAS BANK NIFTY CLOSED WITH GAINS OF 761 POINTS. 

Nifty View

Lets have look at Nifty Weekly Chart

We can see that Bulls managed to give convincing green candle after SYMMETRICAL TRIANGLE Breakout. As per textbook theory target for this pattern comes at 11900-11920 zone. 

Lets have look at Nifty Daily Chart

We can see that Bulls managed to give convincing green candle closure above WEDGE formation (on Daily Chart). As per textbook theory target for this pattern comes at 12030-12050 zone. 

IMPORTANT MOVING AVERAGES 

Weekly 20 & 50 EMA comes at 10387 & 10741 respectively. 

SUPPORT & RESISTANCE LEVELS 

Important levels for next week are 10785-10815-10840-10870-10895-10940-10980-11020-11045-11070-11100-11125-11150-11170-11210-11240-11255-11270 which may act as support or resistance ON DAILY CHART AS WELL AS ON INTRADAY MOVES as the case may be. 

NOW PRACTICALLY CANDLES ARE IN UNCHARTED TERRITORY SO FINDING RESISTANCE IS BIT DIFFICULT BUT STILL WITH USE OF FEW TOOLS WE CAN SAY FOLLOWING LEVELS SHALL ACT AS RESISTANCE  ON HIGHER TIMEFRAME CHARTS 

WEEKLY CHART

11280-11300, 11390-11410 & 11510-11520 (AGGRESSIVE BULLISH PATTERN) (WE SHALL BE CONDUCTING FREE WEBINAR ON THIS PATTERN ON SUNDAY AT 12:30 PM) 

MONTHLY CHART

11380-11400 & 11900-11920 (AGGRESSIVE BULLISH PATTERN) (WE SHALL BE CONDUCTING FREE WEBINAR ON THIS PATTERN ON SUNDAY AT 12:30 PM) 

CONCLUSION

AS AUGUST SERIES IS HAVING MORE TRADING SESSIONS USUAL SO SOME VOLATILE MOVES ON BOTH SIDE CANNOT BE RULED OUT. 

BULLS SHALL BE COMFORTABLE AS LONG AS WEEKLY CLOSE IS ABOVE 10980 IN ENTIRE AUGUST SERIES.  ON UPSIDE 11500 SHALL ACT AS STRONG RESISTANCE. 

NEXT WEEK RANGE WOULD BE 11060-11440

Nifty Bank View

Lets have look at Nifty Bank Weekly Chart

We can see that Bulls managed to lift Nifty Bank but some how we can see that now clearing supply zone on weekly close will be difficult task for bulls. 

IMPORTANT MOVING AVERAGES 

Weekly 20 & 50 EMA comes at 25212 & 26227 respectively. 

SUPPORT & RESISTANCE LEVELS 

Important levels for next week are 25810-25920-25985-26070-26170-26255-26285-26325-26410-26450-26520-26615-26650-26695-26765-26900-26970-27045-27145-27230-27335-27470-27600 which may act as support or resistance ON DAILY CHART AS WELL AS ON INTRADAY MOVES as the case may be. 

NOW PRACTICALLY CANDLES ARE IN UNCHARTED TERRITORY SO FINDING RESISTANCE IS BIT DIFFICULT BUT STILL WITH USE OF FEW TOOLS WE CAN SAY FOLLOWING LEVELS SHALL ACT AS RESISTANCE  ON HIGHER TIMEFRAME CHART CHARTS 

WEEKLY CHART

28100-28200 SHALL ACT AS STRONG RESISTANCE FOR BULLS GOING FORWARD. 

MONTHLY CHART

28280-28300, 29380-29400 & 31180-31200 (AGGRESSIVE BULLISH PATTERN) (WE SHALL BE CONDUCTING FREE WEBINAR ON THIS PATTERN ON SUNDAY AT 12:30 PM) 

CONCLUSION

LOOKING AT BANK NIFTY AUGUST SERIES OPTION CHAIN (4 WEEKLY & 1 MONTHLY ) IT IS OBVIOUS  THAT BULLS AND BEARS BOTH SHALL TRY TO PROVE THEIR DOMINANCE. AS LONG AS BULLS ARE ABLE TO SAVE 26700 BEARS MAY NOT BE ABLE TO DOMINATE. 

NEXT WEEK RANGE WOULD BE 27100-27800

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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. 

Nifty & Nifty Bank View for 27/07/2018

IN MORNING WE HAD SHARED BANK OF BARODA CHART ON OUR TWITTER HANDLE AS WELL AS ON TELEGRAM CHANNEL WITH QUESTION ON BREAKOUT.  DURING TRADING HOURS BULLS TOOK CHARGE AND WHAT HAPPENED LATER IS HISTORY...!!! 

WE HAVE ARRANGED 2 FREE WEBINARS ON NEXT SUNDAY. DETAILS ABOUT SAME ARE AS UNDER:- 

DIVERGENCE ANALYSIS ON SUNDAY AT 1100 HRS. TO REGISTER CLICK HERE. 

• AGGRESSIVE PATTERN (GENERALLY LEAD TO SHORT COVERING OR LONG BUILT-UP) ON SUNDAY AT 1230 HRS. TO REGISTER CLICK HERE.

RECORDINGS OF OLD WEBINARS CAN BE FOUND HERE 

FROM 6th AUGUST 2018 WE ARE GOING TO START ONLINE TECHNICAL ANALYSIS WEEKDAY BATCH  (7th IN ROW) FOR AVAILING 10% EARLY BIRD DISCOUNT TILL 31/07/2018 AND/OR FOR MORE DETAILS CALL 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM

WE HAVE ALREADY SHARED OUR WEEKLY VIEW. TO READ OUR WEEKLY VIEW CLICK HERE 

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

Nifty Spot Closed with 35 points Gains at 11167 whereas Nifty Future (August Series) closed at 11201 (Premium of 34 Points) 

Nifty Bank Closed with 375 points Gains at 27406 whereas Bank Nifty Future (August Series) closed at 27437 (Premium of 21 Points) 

Nifty View

Now for next trading session important Resistance & Support Levels (Spot basis) are as under:- 

Resistance ~ 11175

Support ~ 11150-11125-11100-11070-11045-11020-10980-10940-10895-10870-10840-10815-10785

Conclusion

As discussed in last post Bulls with some hiccups are moving firmly for our target of 11215 in next 1 session max...!!! (till now from 11081 Bulls managed high of 11180) 

Nifty Bank View

Now for next trading session important Resistance & Support Levels (Spot basis)are as under:- 

Resistance ~ 27470-27600

Support ~ -27335-27230-27145-27045-26970-26900-26805-26765-26695-26650-26615-26520

Conclusion

As expect 27200 is without doubt  acting as strong resistance but that too shall be cleared very soon. (Old comment) But Bulls managed to clear that today with big bang.  

Now Bulls managed to close at 27406 we feel new lift high is just formality in next week.  

Option Chain Data

Nifty

Highest OPEN INTEREST is at 11000 PE and 11500 CE. So as per textbook theory we can say 11000 and 11500 are boundaries for next series. 

Nifty Bank 

Weekly Option Chain

Highest OPEN INTEREST is at 27000 PE and 27500 CE. So as per textbook theory we can say 27000 and 27500 are boundaries for next series. 

Monthly Option Chain

Highest OPEN INTEREST is at 26000 PE and 27500 CE. So as per textbook theory we can say 26000 and 27500 are boundaries for next series. 

Put Call Ratio Stands at 1.91 for Nifty whereas for Nifty Bank it is 1.13

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FOR LIVE MARKET UPDATE & FREE OPTION CALLS JOIN:- 

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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.