AFTER SMALL BREAK BEARS ARE BACK ON STREET...!!!
NOT ONLY THAT THEY AGAIN TASTED BLOOD OF BULLS...!!!
WE HAVE ALREADY OUR WEEKLY VIEW INCASE IF YOU MISSED TO READ THAT CLICK HERE TO READ.
NOT ONLY THAT THEY AGAIN TASTED BLOOD OF BULLS...!!!
WE HAVE ALREADY OUR WEEKLY VIEW INCASE IF YOU MISSED TO READ THAT CLICK HERE TO READ.
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 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 137 points Loss at 11378 whereas Nifty Future (September Series) closed at 11407 (Premium of 29 Points)
Nifty Bank Closed with 343 points Loss at 26820 whereas Bank Nifty Future (September Series) closed at 26907 (Premium of 77 Points)
Nifty View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance zones ~ 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 ~ 11330-11360-11300-11275-11235-11210-11185-11170-11150-11125-11100-11070-11045-11020-10980-10940-10895-10870-10840-10815-10785
CONCLUSION
Somehow we feel that 11200 shall be next target in Bears mind in this series.
WE SHALL REVIEW WEEKLY RANGE AFTER NEXT SESSION.
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Support ~ 11330-11360-11300-11275-11235-11210-11185-11170-11150-11125-11100-11070-11045-11020-10980-10940-10895-10870-10840-10815-10785
CONCLUSION
Somehow we feel that 11200 shall be next target in Bears mind in this series.
WE SHALL REVIEW WEEKLY RANGE AFTER NEXT SESSION.
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
We wont be surprise if Bears managed to show 26500 levels in this weekly expiry (spot basis)
WE SHALL REVIEW WEEKLY RANGE AFTER NEXT SESSION.
Option Chain Data
Nifty
Looking at present OPEN INTEREST it seems that 11000 PE shall gain highest OI in next session which may result into more downside.
Nifty Bank
Weekly Option Chain
OPEN INTEREST suggests range of 26500-27000 shall be range for this weekly expiry. Monthly Option Chain
Put Call Ratio Stands at 1.05 for Nifty whereas for Nifty Bank it is 0.90
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FOR LIVE MARKET UPDATE & FREE OPTION CALLS JOIN:-
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IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155
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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