Nifty & Nifty Bank View for 04/09/2018

AT LAST BEARS ENTERED INTO STREET WITH BIG BANG...!!!

IN FIRST 15 MINS ONLY OUR CHANNEL SUBSCRIBERS TRADES WERE OVER. YES WE BOOKED PROFIT IN MINDTREE FUTURE (FROM 1088 TO 1150 - PROFIT 62 POINTS OR 74400/LOT) AND AMBUJACEM FUTURE (BTST) (LOSS OF 3 POINTS  OR 7200/LOT) SHARE FREE ON TELEGRAM CHANNEL AS WELL AS CHANNEL BOT 

NOT ONLY THAT OUR COUPLE OF OUR CLIENTS ALSO BOOKED GOOD PROFIT IN INFIBEAM TODAY.

LAST 2 DAYS TO TO AVAIL 500 DISCOUNT ON OUR SEPTEMBER WEEKEND TECHNICAL ANALYSIS WORKSHOP (9th BATCH) (TIMINGS SHALL BE WEEKEND 8 TO 10 AM) (7000/- FOR 4 MONTHS INSTEAD OF 7500/-) FOR MORE DETAILS CALL 08866145155 OR DROP EMAIL ON NIFTY50STRIKER@GMAIL.COM

WE HAVE ALREADY SHARED OUR WEEKLY VIEW TO READ THAT BLOG POST CLICK HERE 

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

Nifty Spot Closed with 98 points Loss at 11582 whereas Nifty Future (September Series) closed at 11642 (Premium of 60 Points) 

Nifty Bank Closed with 242 points Loss at 27820 whereas Bank Nifty Future (September Series) closed at 28104 (Premium of  284 Points) 

Nifty View

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

Resistance zones ~  11585-11605-11620-11655-11690-11710-11725-11735-11750-11900-11920 (zone as per higher time-frames) 

Support ~ 11565-11550-11525-11495-11470-11435-11425-11425-11410-11385-11360-11330-11300-11275-11235-11210-11185-11170-11150-11125-11100-11070-11045-11020-10980-10940-10895-10870-10840-10815-10785

Conclusion

Still we feel that 11520-11500 shall be strong SUPPORT ZONE for next session. 

Nifty Bank View

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

Resistance Zone ~ 27825-27845-27890-27940-27970-28060-28130-28175-28210-28265-28320-28375-28320-28375

Support ~ 27790-27720-27680-27640-27600-27470-27335-27230-27145-27045-26970-26900-26805-26765-26695-26650-26615-26520

Conclusion

27740-27760 is strong support zone which may help bulls to bounce back.  

Option Chain Data

Nifty

Looking at present OPEN INTEREST it seems that 11500-11800 shall be range for this series. 

Nifty Bank 

Weekly Option Chain

OPEN INTEREST suggests range of 27700-28000 (Bulls shall try their level best to protect 27700 on closing basis. 

Monthly Option Chain

OPEN INTEREST suggests range of 27000-29000

Put Call Ratio Stands at 1.19 for Nifty whereas for Nifty Bank it is 1.14

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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.