SEEMS BULLS WERE IN GUEST APPEARANCE IN TUESDAY'S SESSION...!!!
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
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
WE ARE GOING TO CONDUCT FREE WEBINAR ON BOLLINGER BAND ON SATURDAY TO REGISTER CLICK HERE
Nifty Spot Closed with 14 points Loss at 11054 whereas Nifty Future (September Series) closed at 11062 (Premium of 8 Points)
Nifty Bank Closed with 46 points Gain at 25376 whereas Bank Nifty Future (September Series) closed at 25367 (Discount of 9 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
Bears managed to make low of 10882.85 but close above 11000 rules out possibility of sub 10900 in this series except any drama (Old View)
Bears tried their best to push Nifty below 11000 but some how failed ON CLOSING BASIS. For next session we feel that 11000 will be breached on closing basis.
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
Bears managed to make low of 10882.85 but close above 11000 rules out possibility of sub 10900 in this series except any drama (Old View)
Bears tried their best to push Nifty below 11000 but some how failed ON CLOSING BASIS. For next session we feel that 11000 will be breached on closing basis.
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance Zone ~ 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 ~ 25340-25220-25150-25065-24810-24680-24515-24380-24250-24150-24085-24010-23930-23810-23740
Conclusion
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. (Old View)
Today OPEN = HIGH remained throughout the day but somehow Bears failed to give close in red mark. Anyway going forward 25000 must act as strong support.
Option Chain Data
Nifty
Looking at present OPEN INTEREST and additions in 10900 & 11000 PE seems still retail option buyers are expecting downside but we feel that tomorrow's session will be having positive bias.
Expiry above 11200 should not be dream in Bulls camp. (Previous blog post view)
Nifty Bank
Monthly Option Chain
Looking OPEN INTEREST data it seems that 25000 PE may act as strong support but on CE front 26000 CE is having good attracting on buyers as well as writers front.
EXPIRY IF TAKES PLACE ABOVE 25500 SHOULD NOT BE SURPRISE LOOKING OPTION CHAIN STRUCTURE. (PREVIOUS BLOG POST VIEW)
Put Call Ratio Stands at 0.89 for Nifty whereas for Nifty Bank it is 0.68
--------------------------------------------------------------------------------------------------------------------------
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.