AT LAST AFTER 3 DAYS BULLS MANAGED TO SHOW THEIR PRESENCE ON STREET...!!!
YESTERDAY WE HAD GIVEN BTST CALL ON MINDTREE FUTURE ON OUR TELEGRAM CHANNEL & TELEGRAM CHANNEL BOT AND TODAY MORNING WE HAD GIVEN EXIT CALL WITH LOSS OF ABOUT 15 POINTS OR 18000/LOT...!!! BUT LATER ON HIGH OF 1173.95 WAS ALSO MADE. OUR EXIT WAS DUE TO REASON IT WAS BTST CALL AND NOT POSITIONAL TRADING CALL.
WE HAVE ALREADY SHARED OUR WEEKLY VIEW TO READ THAT BLOG POST CLICK HERE YESTERDAY WE HAD GIVEN BTST CALL ON MINDTREE FUTURE ON OUR TELEGRAM CHANNEL & TELEGRAM CHANNEL BOT AND TODAY MORNING WE HAD GIVEN EXIT CALL WITH LOSS OF ABOUT 15 POINTS OR 18000/LOT...!!! BUT LATER ON HIGH OF 1173.95 WAS ALSO MADE. OUR EXIT WAS DUE TO REASON IT WAS BTST CALL AND NOT POSITIONAL TRADING CALL.
FROM 9th SEPTEMBER 2018 WE ARE GOING TO START SEPTEMBER WEEKEND TECHNICAL ANALYSIS WORKSHOP (9th BATCH) (TIMINGS SHALL BE WEEKEND 8 TO 10 AM) (7500/- FOR 4 MONTHS) NEXT WEEKEND BATCH SHALL START IN MONTH OF NOVEMBER WITH REVISED FEE STRUCTURE.
FOR MORE DETAILS CALL 08866145155 OR DROP EMAIL ON NIFTY50STRIKER@GMAIL.COM
FOR MORE DETAILS CALL 08866145155 OR DROP EMAIL ON NIFTY50STRIKER@GMAIL.COM
Nifty Spot Closed with 60 points Gains at 11537 whereas Nifty Future (September Series) closed at 11567 (Premium of 30 Points)
Nifty Bank Closed with 93 points Gains at 27469 whereas Bank Nifty Future (September Series) closed at 27578 (Premium of 109 Points)
Nifty View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance zones ~ 11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750-11900-11920 (zone as per higher time-frames)
Support ~ 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
As expected support level already touched we feel that now some bounce 11570-11580 & 11610-11620 can't be ruled out. (Previous blog post view)
AS EXPECTED BULLS MANAGED TO GIVE LIFT NIFTY FUTURE TILL 11603 (EXPECTED ZONE WAS 11610-11620) NOW GOING FORWARD FOR NEXT SESSION IF WE TALK THEN 11620-11650 WILL BE STRONG RESISTANCE AND ON LOWER SIDE WE FEEL THAT LOW FOR SERIES IS MADE EXCEPT DRAMA
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Support ~ 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
As expected support level already touched we feel that now some bounce 11570-11580 & 11610-11620 can't be ruled out. (Previous blog post view)
AS EXPECTED BULLS MANAGED TO GIVE LIFT NIFTY FUTURE TILL 11603 (EXPECTED ZONE WAS 11610-11620) NOW GOING FORWARD FOR NEXT SESSION IF WE TALK THEN 11620-11650 WILL BE STRONG RESISTANCE AND ON LOWER SIDE WE FEEL THAT LOW FOR SERIES IS MADE EXCEPT DRAMA
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance Zone ~ 27470-27600-27640-27680-27720-27790-27825-27845-27890-27940-27970-28060-28130-28175-28210-28265-28320-28375-28320-28375
Support ~ 27405-27335-27230-27145-27045-26970-26900-26805-26765-26695-26650-26615-26520
Conclusion
As today's low is near to our given support zone we feel that Bulls shall try to lift Bank Nifty Future till 27700 levels in next 2 sessions. (VIEW SHARED IN PREVIOUS BLOG POST)
BULLS MANAGED HIGH TILL 27670 FOR BANK NIFTY FUTURE (EXPECTATIONS WERE 27700) WHICH IS ALMOST FULFILLED. NOW GOING FORWARD WE FEEL THAT 27650-27700 SHALL ACT AS STRONG RESISTANCE. ON DOWNSIDE 27400 SHALL ACT AS STRONG SUPPORT
Option Chain Data
Nifty
Looking at present OPEN INTEREST it seems that 11400-11800 shall be range for this series. (old view)
Mammoth additions in 11500 CE shows some bounce cant be ruled out. (Though as TextBook theory it is Option Writing but as per our theory it is genuine Buying which may lead to upside in next 2 sessions) (Disclosure ~ Having indirect financial interest in 11500 CE) (VIEW SHARED IN LAST BLOG POST)
AS EXPECTED 11500 CE MADE HIGH OF 188 AND LOW OF 118.
For next session we feel that some consolidation will be seen.
Nifty Bank
Weekly Option Chain
OPEN INTEREST suggests range of 27000-28000 (Bulls shall try their level best to protect 27000 on closing basis) BIT PREMATURE TO DISCUSS ANYTHING AT PRESENT
Monthly Option Chain
Put Call Ratio Stands at 1.19 for Nifty whereas for Nifty Bank it is 1.15
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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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