NIFTY & BANK NIFTY MOVING AS PER OUT EXPECTATIONS WHICH WE HAD SHARED IN OUR WEEKLY POST ALSO ALSO DURING LIVE MARKET HOURS ...!!!
WE HAVE ALREADY SHARED OUR WEEKLY VIEW. TO READ OUR WEEKLY VIEW CLICK 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
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
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.
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 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.
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