SEEMS BEARS ARE IN TOO MUCH HURRY TO RESPECT OUR LEVELS ON DOWNSIDE...!!!
IN OUR WEEKLY POST WE HAD SAID THAT EXPECTED RANGE FOR NIFTY & NIFTY BANK NIFTY WILL WILL BE 11680-11200 & 27800-26700 RESPECTIVELY WHEREAS RANGE IN FIRST 2 SESSIONS OF THIS WEEK IS 11573-11274 & 27400-26772...!!!
INFACT IN OUR LAST BLOG POST ALSO WE HAD SAID THAT WE ARE EXPECTING MORE DOWNSIDE TILL 26670-26700 FOR BANK NIFTY FUTURE. WE ARE SHARING OLD CHART AND UPDATED CHART BELOW:-
OLD CHART (BANK NIFTY FUTURE)
UPDATED CHART (BANK NIFTY FUTURE)
YESTERDAY WE HAD GIVEN STBT CALL ON UJJIVAN FUTURE ON OUR TELEGRAM CHANNEL & TELEGRAM CHANNEL BOT AND TODAY MORNING WE HAD GIVEN EXIT CALL AS MOVEMENT IN SAID STOCK WAS BIT SLOW BUT AFTER THAT ALSO EXPECTED DOWNSIDE WAS MET...!!! WE BTST/STBT DERIVATIVE TRADES SHOULD BE EXITED AS IT WAS TRADES AND SHOULD NOT CARRIED FORWARD LONGER TIME...!!!
IN OUR WEEKLY POST WE HAD SAID THAT EXPECTED RANGE FOR NIFTY & NIFTY BANK NIFTY WILL WILL BE 11680-11200 & 27800-26700 RESPECTIVELY WHEREAS RANGE IN FIRST 2 SESSIONS OF THIS WEEK IS 11573-11274 & 27400-26772...!!!
INFACT IN OUR LAST BLOG POST ALSO WE HAD SAID THAT WE ARE EXPECTING MORE DOWNSIDE TILL 26670-26700 FOR BANK NIFTY FUTURE. WE ARE SHARING OLD CHART AND UPDATED CHART BELOW:-
OLD CHART (BANK NIFTY FUTURE)
UPDATED CHART (BANK NIFTY FUTURE)
YESTERDAY WE HAD GIVEN STBT CALL ON UJJIVAN FUTURE ON OUR TELEGRAM CHANNEL & TELEGRAM CHANNEL BOT AND TODAY MORNING WE HAD GIVEN EXIT CALL AS MOVEMENT IN SAID STOCK WAS BIT SLOW BUT AFTER THAT ALSO EXPECTED DOWNSIDE WAS MET...!!! WE BTST/STBT DERIVATIVE TRADES SHOULD BE EXITED AS IT WAS TRADES AND SHOULD NOT CARRIED FORWARD LONGER TIME...!!!
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 11288 whereas Nifty Future (September Series) closed at 11336 (Premium of 48 Points)
Nifty Bank Closed with 394 points Loss at 26808 whereas Bank Nifty Future (September Series) closed at 26951 (Premium of 143 Points)
Nifty View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance zones ~ 11300-11330-11360-11385-11410-11425-11425-11435-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750-11900-11920 (zone as per higher time-frames)
Support ~ 11275-11235-11210-11185-11170-11150-11125-11100-11070-11045-11020-10980-10940-10895-10870-10840-10815-10785
CONCLUSION
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) (VIEW SHARED IN LAST POST)
NOW FOR REMAINING SESSIONS OF THIS WEEK FEEL BULLS SHALL TRY TO STOP BEARS FOR DAILY CLOSE BELOW 11200...!!!
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Support ~ 11275-11235-11210-11185-11170-11150-11125-11100-11070-11045-11020-10980-10940-10895-10870-10840-10815-10785
CONCLUSION
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) (VIEW SHARED IN LAST POST)
NOW FOR REMAINING SESSIONS OF THIS WEEK FEEL BULLS SHALL TRY TO STOP BEARS FOR DAILY CLOSE BELOW 11200...!!!
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance Zone ~ 26900-26970-27045-27145-27230-27335-27405-27470-27600-27640-27680-27720-27790-27825-27845-27890-27940-27970-28060-28130-28175-28210-28265-28320-28375-28320-28375
Support ~ 26805-26765-26695-26650-26615-26520
Conclusion
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) (PREVIOUS BLOG POST VIEW)
BULLS SHALL TRY TO PROTECT ATLEAST 26500 FOR NEXT SESSION. REMEMBER NEXT SESSION IS WEEKLY EXPIRY SO SOME UNNECESSARY VOLATILITY CANT BE RULED OUT.
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. (View shared in previous blog post)
CLOSE BELOW 11200 SHALL LEAD TO MOVES TILL 11000 SPOT NIFTY 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...!!! (PREVIOUS BLOG POST VIEW)
26700 MUST ACT AS STRONG SUPPORT...!!!
Monthly Option Chain
Put Call Ratio Stands at 0.99 for Nifty whereas for Nifty Bank it is 1.10
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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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