NIFTY & NIFTY BANK MOVED AS PER OUR EXPECTATION IN LAST BLOG POST INFACT NOT ONLY THAT IN FREE OPTION WRITING CALL ON OUR TELEGRAM CHANNEL WE HAVE EN-CASHED 60 POINTS/LOT ALSO...!!!
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) WE ARE CHARGING 7500 FOR 4 MONTHS. INCASE OF ANY QUERY PLEASE CALL 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM
Nifty Spot Closed with 101 points Loss at 11245 whereas Nifty Future (August Series) closed at 11282 (Premium of 37 Points)
Nifty Bank Closed with 241 points Loss at 27356 whereas Bank Nifty Future (August Series) closed at 27450 (Premium of 94 Points)
Nifty View
Nifty Future Chart
Resistance ~ 11275-11300-11320
Resistance zones ~ 11390-11400 & 11510-11520 (zones as per higher time-frames)
Support ~ 11235-11210-11185-11170-11150-11125-11100-11070-11045-11020-10980-10940-10895-10870-10840-10815-10785
Conclusion
Bullish formation was formed but we shall consider once we see some good reversal move (from downside to upside)
Nifty Bank View
Resistance ~ 27470-27600-27640-27680-27720-27790-27825-27845
Resistance Zone ~ 28100-28200 (zones as per higher time-frame)
Support ~ 27335-27230-27145-27045-26970-26900-26805-26765-26695-26650-26615-26520
Conclusion
At around 11:14 am we had shared our view on Bank Nifty Future on our Telegram channel as well as on Twitter handle
But now going forward we feel that Bulls must try to save 27070 level for spot on closing basis.
Option Chain Data
Nifty
Some good OPEN INTEREST shedding can be seen in 11000-11100 & 11300 PE which is good news for Bulls but at the same time 11200 PE is not in same league. ON CE front good additions can be seen.
Nifty Bank
Weekly Option Chain
Highest OPEN INTEREST can be seen at 26500 PE & 28500 CE whic may act as boundary points. (Repeat comment)
Put Call Ratio Stands at 1.45 for Nifty whereas for Nifty Bank it is 1.12
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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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