SEPTEMBER 2018 MONTH WILL BE REMEMBERED BY BULLS FOR LONG TIME AS THE CARNAGE THAT BEARS HAVE MANAGED TO DO THAT IN ENTIRE SERIES IS BEYOND THINKING CAPACITY OF BULLS...!!!
ANYWAY LETS MOVE FORWARD AND DISCUSS ABOUT MARKET NOW...!!!
NOW WE FEEL THAT BULLS MAY FIND IT DIFFICULT NEW LIFT INDICES AT NEW LIFT HIGH IN THIS CALENDAR YEAR...!!!
WE HAVE ALREADY OUR WEEKLY VIEW INCASE IF YOU MISSED TO READ THAT CLICK HERE TO READ.
FROM 29th SEPTEMBER 2018 WE ARE GOING TO START ONLINE OPTION TRADING WORKSHOP (1st BATCH) FOR MORE DETAILS CALL 08866145155 OR DROP EMAIL ON NIFTY50STRIKER@GMAIL.COM
BELOW IS LATEST FEEDBACK THAT WE HAVE RECEIVED FROM OUR TECHNICAL ANALYSIS JULY WEEKEND BATCH PARTICIPANT...!!!
ANYWAY LETS MOVE FORWARD AND DISCUSS ABOUT MARKET NOW...!!!
NOW WE FEEL THAT BULLS MAY FIND IT DIFFICULT NEW LIFT INDICES AT NEW LIFT HIGH IN THIS CALENDAR YEAR...!!!
WE HAVE ALREADY OUR WEEKLY VIEW INCASE IF YOU MISSED TO READ THAT CLICK HERE TO READ.
FROM 29th SEPTEMBER 2018 WE ARE GOING TO START ONLINE OPTION TRADING WORKSHOP (1st BATCH) FOR MORE DETAILS CALL 08866145155 OR DROP EMAIL ON NIFTY50STRIKER@GMAIL.COM
BELOW IS LATEST FEEDBACK THAT WE HAVE RECEIVED FROM OUR TECHNICAL ANALYSIS JULY WEEKEND BATCH PARTICIPANT...!!!
Nifty Spot Closed with 176 points Loss at 10967 whereas Nifty Future (September Series) closed at 10998 (Premium of 32 Points)
Nifty Bank Closed with 626 points Loss at 24970 whereas Bank Nifty Future (September Series) closed at 25017 (Premium of 47 Points)
Nifty View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance zones ~ 10980-11020-11045-11070-11100-11125-11150-11170-11185-11210-11275-11235-11330-11360-11300-11385-11410-11425-11425-11435-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750-11900-11920 (zone as per higher time-frames)
Support ~ 10940-10895-10870-10840-10815-10785-10740-10715-10690-10650-10615-10585-10555-10525-10500-10460
CONCLUSION
Close below 11200 shall open doors for 11000-11050 zone. (Old view)
As Bears managed to give close below 11000 now we feel that 10800 shall be their next target.
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Support ~ 10940-10895-10870-10840-10815-10785-10740-10715-10690-10650-10615-10585-10555-10525-10500-10460
CONCLUSION
Close below 11200 shall open doors for 11000-11050 zone. (Old view)
As Bears managed to give close below 11000 now we feel that 10800 shall be their next target.
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance Zone ~ 25065-25150-25220-25340-25455-25650-25455-25340-25220-25150-2577525065-25810-25920-25985-26015-26070-26170-26255-26285-26325-26410-26450-26520-26615-26650-26695-26765-26805-26900-26970-27045-27145-27230-27335-27405-27470-27600-27640-27680-27720-27790-27825-27845-27890-27940-27970-28060-28130-28175-28210-28265-28320-28375-28320-28375
Support ~ 24810-24680-24515-24380-24250-24150-24085-24010-23930-23810-23740
Conclusion
Close below 26200 shall open doors for 26000-26030 zone. (Old view)
Now next destination would be 24500 in this series (spot basis)
Option Chain Data
Nifty
Looking at present OPEN INTEREST it seems that 11000 PE writers shall be forced to adjust their positions
Now going forward expectations are that lower strike prices shall be acting as easy target by Bears as in this entire series writers are forced to keep on adjusting their situation which has lead to more fall.
Nifty Bank
Monthly Option Chain
Looking OPEN INTEREST data it seems that 24500 PE buyers may be winning lottery ticket.
Put Call Ratio Stands at 0.85 for Nifty whereas for Nifty Bank it is 0.51
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