SMALL PAUSE ONCE AGAIN BEARS STARTED THEIR WORK IN NIFTY AND NIFTY BANK...!!!
ON FRIDAY WE HAD GIVEN BTST CALL ON BHARTIARTL FUTURE ON OUR TELEGRAM CHANNEL & TELEGRAM CHANNEL BOT AND TODAY MORNING WE HAD GIVEN EXIT CALL WITH PROFIT OF 4 POINTS OR 6800/LOT...!!!
NOT ONLY THAT NIFTY & NIFTY BANK ARE MOVING AS PER OUR WEEKLY VIEW. INCASE IF YOU MISSED TO GO THROUGH THAT PLEASE CLICK HERE TO READ THAT.
FROM 19th SEPTEMBER 2018 WE ARE GOING TO START SEPTEMBER WEEKDAY TECHNICAL ANALYSIS WORKSHOP (10th BATCH) (TIMINGS SHALL BE WEEKDAY 8 TO 9 PM) (7500/- FOR 4 MONTHS) WE ARE OFFERING 10% DISCOUNT TILL 13/09/2018 AND DISCOUNT UP TO 33% IN CASE OF GROUP DISCOUNT. FOR MORE DETAILS CALL 08866145155 OR DROP EMAIL ON NIFTY50STRIKER@GMAIL.COM
ON FRIDAY WE HAD GIVEN BTST CALL ON BHARTIARTL FUTURE ON OUR TELEGRAM CHANNEL & TELEGRAM CHANNEL BOT AND TODAY MORNING WE HAD GIVEN EXIT CALL WITH PROFIT OF 4 POINTS OR 6800/LOT...!!!
NOT ONLY THAT NIFTY & NIFTY BANK ARE MOVING AS PER OUR WEEKLY VIEW. INCASE IF YOU MISSED TO GO THROUGH THAT PLEASE CLICK HERE TO READ THAT.
FROM 19th SEPTEMBER 2018 WE ARE GOING TO START SEPTEMBER WEEKDAY TECHNICAL ANALYSIS WORKSHOP (10th BATCH) (TIMINGS SHALL BE WEEKDAY 8 TO 9 PM) (7500/- FOR 4 MONTHS) WE ARE OFFERING 10% DISCOUNT TILL 13/09/2018 AND DISCOUNT UP TO 33% IN CASE OF GROUP DISCOUNT. FOR MORE DETAILS CALL 08866145155 OR DROP EMAIL ON NIFTY50STRIKER@GMAIL.COM
Nifty Spot Closed with 151 points Loss at 11438 whereas Nifty Future (September Series) closed at 11487 (Premium of 49 Points)
Nifty Bank Closed with 280 points Loss at 27202 whereas Bank Nifty Future (September Series) closed at 27340 (Premium of 109 Points)
Nifty View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance zones ~ 11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750-11900-11920 (zone as per higher time-frames)
Support ~ 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 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 (Previous blog post view) VIEW FAILED
GOING FORWARD WE FEEL THAT MORE PAIN IN BULLS CAMP CANT BE RULED OUT. 11200 WILL BE TARGET FOR BEARS (NOT FOR NEXT SESSION BUT OVER ALL VIEW FOR THIS WEEK)
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Support ~ 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 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 (Previous blog post view) VIEW FAILED
GOING FORWARD WE FEEL THAT MORE PAIN IN BULLS CAMP CANT BE RULED OUT. 11200 WILL BE TARGET FOR BEARS (NOT FOR NEXT SESSION BUT OVER ALL VIEW FOR THIS WEEK)
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance Zone ~ 27230-27335-27405-27470-27600-27640-27680-27720-27790-27825-27845-27890-27940-27970-28060-28130-28175-28210-28265-28320-28375-28320-28375
Support ~ 27145-27045-26970-26900-26805-26765-26695-26650-26615-26520
Conclusion
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 (Previous blog post view) VIEW FAILED
26700 WILL BE TARGET FOR BEARS (NOT FOR NEXT SESSION FOR IN THIS SERIES AS WHOLE) ON DAILY CHART AGGRESSIVE BEARISH PATTERN FORMED TODAY. TARGET COMES AROUND 26670-26700 ZONE (BANK NIFTY FUTURE)
Option Chain Data
Nifty
Looking at present OPEN INTEREST it seems that 11400-11800 shall be range for this series. (old view)
Close below 11400 shall open doors till 11200 in this series.
Nifty Bank
Weekly Option Chain
OPEN INTEREST suggests range of 27000-28000 (Bulls shall try their level best to protect 27000 on closing basis) (Repeat Comment)Upside Bulls shall face resistance at 27500...!!!
Monthly Option Chain
Put Call Ratio Stands at 1.08 for Nifty whereas for Nifty Bank it is 1.29
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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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