Nifty & Nifty Bank View for 09/08/2018

SEEMS OUR VIEW SHARED IN LAST BLOG POST IS TAKEN SERIOUS BY MARKET PARTICIPANTS. TO READ OUR LAST BLOG POST CLICK HERE

POSITIONAL TRADING CALL ON TITAN GIVING MORE THAN 18000/LOT. TO KNOW TRADING CALL CLICK HERE 2 BTST CALLS BIOCON & EXIDEIND EXITE WITH MINOR GAINS. ANOTHER TRADING CALL ON ARVIND ENDED UP WITH LOSS OF  ABOUT 12000/LOT . TO KNOW THAT CALL CLICK HERE 

FROM 19th AUGUST 2018 WE ARE GOING TO START ONLINE TECHNICAL ANALYSIS SUNDAY ONLY BATCH (TIMINGS SHALL BE 11 AM TO 1 PM FOR ABOUT 20 SUNDAYS)  WE ARE CHARGING 7500 FOR 4 MONTHS. 10% EARLY DISCOUNT OFFER WE ARE OFFERING TILL 12/08/2018. INCASE OF ANY QUERY FEEL FREE TO 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 60 points Gains at 11450 whereas Nifty Future (August Series) closed at 11471 (Premium of 21 Points) 

Nifty Bank Closed with 187 points Gains at 28062 whereas Bank Nifty Future (August Series) closed at 28140 (Premium of 78 Points) 

Nifty View

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

Resistance zones ~ 11510-11520 (zone as per higher time-frames) 

Support ~ 11435-10425-11410-11385-11360-11330-11300-11275-11235-11210-11185-11170-11150-11125-11100-11070-11045-11020-10980-10940-10895-10870-10840-10815-10785

Conclusion

11510-11520 is strong resistance as per higher time-frame chart. But some how we are expecting range shifting on higher levels/zone

Nifty Bank View

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

Resistance Zone ~ 28075 & 28100-28200 (zones as per higher time-frame) 

Support ~28050-28020-27970-27940-27890-27845-27825-27790-27720-27680-27640-27600-27470-27335-27230-27145-27045-26970-26900-26805-26765-26695-26650-26615-26520

Conclusion

Next session being weekly expiry 28100-28200 must act as strong resistance. 

Option Chain Data

Nifty

Mammoth OPEN INTEREST additions can be seen in 11300-11400-11500 PE can be seen. CE front only liquidation can be seen.  

Nifty Bank 

Weekly Option Chain

Huge OPEN INTEREST additions can be seen in  PE at 27700-27800-27900-28000-28100 strikes, whereas on  CE front 28300-28400 CE is having good attraction. 

Monthly Option Chain

Highest OPEN INTEREST can be seen at 26500 PE & 28500 CE whic may act as boundary points. (Repeat comment) 

But additions in 26500-27000-27500 PE shows frustration of Bears. 

Put Call Ratio Stands at 1.58 for Nifty whereas for Nifty Bank it is 1.31

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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.