AT LAST SOME BOUNCE FROM LOWER LEVELS SEEN IN NIFTY AFTER FALL OF 5 DAYS OR ABOUT 737 POINTS (11603 TO 10866) BULLS MANAGED CLOSE DAY WITH GAINS OF ABOUT 100 POINTS...!!! WHEREAS OLD BIGGIES (HDFC, HDFC BANK & KOTAK BANK) MANAGED TO LIFT NIFTY BANK BY 360 POINTS...!!!
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...!!!
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...!!!
WE ARE GOING TO CONDUCT FREE WEBINAR ON BOLLINGER BAND ON SATURDAY TO REGISTER CLICK HERE
Nifty Spot Closed with 100 points Gain at 11067 whereas Nifty Future (September Series) closed at 11087 (Premium of 20 Points)
Nifty Bank Closed with 360 points Gain at 25330 whereas Bank Nifty Future (September Series) closed at 25343 (Premium of 13 Points)
Nifty View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance zones ~ 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 ~ 11045-11020-10980-10940-10895-10870-10840-10815-10785-10740-10715-10690-10650-10615-10585-10555-10525-10500-10460
CONCLUSION
As Bears managed to give close below 11000 now we feel that 10800 shall be their next target. (Old view)
Bears managed to make low of 10882.85 but close above 11000 rules out possibility of sub 10900 in this series except any drama.
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Support ~ 11045-11020-10980-10940-10895-10870-10840-10815-10785-10740-10715-10690-10650-10615-10585-10555-10525-10500-10460
CONCLUSION
As Bears managed to give close below 11000 now we feel that 10800 shall be their next target. (Old view)
Bears managed to make low of 10882.85 but close above 11000 rules out possibility of sub 10900 in this series except any drama.
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance Zone ~ 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 ~ 25220-25150-25065-24810-24680-24515-24380-24250-24150-24085-24010-23930-23810-23740
Conclusion
Now next destination would be 24500 in this series (spot basis) (OLD VIEW)
Bears managed to give low of 24678 but again close above 25000 has ruled out possibility of more pain or close below 25000 in this series.
Option Chain Data
Nifty
Looking at present OPEN INTEREST it seems that 11000 PE writers shall be forced to adjust their positions. (OLD VIEW)
Now going forward close below 11000 looks bit tough. Further we are expecting some volatility (as seen today) with positive bias.
Expiry above 11200 should not be dream in Bulls camp.
Nifty Bank
Monthly Option Chain
Looking OPEN INTEREST data it seems that 24500 PE buyers may be winning lottery ticket. (Previous close of 87 and today's high 177.50 ~ FULLY RESPECTED)
EXPIRY IF TAKES PLACE ABOVE 25500 SHOULD NOT BE SURPRISE LOOKING OPTION CHAIN STRUCTURE.
Put Call Ratio Stands at 0.83 for Nifty whereas for Nifty Bank it is 0.55
--------------------------------------------------------------------------------------------------------------------------
YOUTUBE CHANNEL
FOR LIVE MARKET UPDATE & FREE OPTION CALLS JOIN:-
--------------------------------------------------------------------------------------------------------------------------
T.ME/NIFTY50STRIKER
--------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------
SOCIAL MEDIA TOUCH POINTS:-
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.
--------------------------------------------------------------------------------------------------------------------------
No comments:
Post a Comment
Note: only a member of this blog may post a comment.