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Saturday 8 September 2018

Nifty & Nifty Bank Weekly View for 10/09/2018 to 14/09/2018

IN OUR LAST POST WHEN WE HAD SAID WE ARE EXPECTING NIFTY & NIFTY BANK RANGE IN BETWEEN 11400-11800 & 27600-28500 RESPECTIVELY MANY OF OUR BLOG FOLLOWERS/READERS WERE SHOCKED TO READ THAT INFACT FEW ALSO SAID THAT THAT WAS IMPOSSIBLE NOW RESULT IS IN FRONT OF US...!!! 

IN OUR LAST BLOG WEEKLY POST WE HAD SHARED OUR VIEW THAT WE ARE EXPECTING RANGE BETWEEN 11400-11800 FOR NIFTY AND ACTUAL RANGE REMAINED 11397-11752 NOW FOR NIFTY BANK EXPECTED RANGE WAS 27600-28500 AND ACTUAL RANGE 27307-28300 SO BARING FEW POINTS IN NIFTY BANK OUR VIEW WAS RESPECTED FULLY RESPECTED BY MARKET PARTICIPANTS...!!! 

WE ARE GOING TO START 9th BATCH ON TECHNICAL ANALYSIS AND GOOD NEWS FOR ALL WORKING PROFESSIONALS IT WILL BE CONDUCTED ON WEEKEND MORNING BETWEEN 8 TO 10 AM ONLY...!!!

SESSIONS WILL BE CONDUCTED ON WEEKEND FOR ABOUT 2 MONTHS. AFTER THAT WE ARE ALSO OFFERING ADDITIONAL 2 MONTHS  ONLINE/OFFLINE SUPPORT. SO FOR TOTAL 4 MONTHS FULL SUPPORT SHALL BE GIVEN TO ALL WORKSHOP PARTICIPANTS. FEES FOR SAID WORKSHOP IS 7500/- FOR 4 MONTHS AND PROBABLY NEXT WEEKEND BATCH SHALL BE STARTING IN LAST WEEK OF OCTOBER WITH REVISED FEES STRUCTURE. EFFECTIVELY FOR SEPTEMBER BATCH FEE IS ABOUT 1875/MONTH AND FOR OCTOBER BATCH IT SHALL BE ABOUT 2500/MONTH. FEEL FREE TO CALL ON 08866145155/09067750730 OR DROP MAIL ON NFITY50STRIKER@GMAIL.COM IN CASE OF ANY QUESTIONS...!!!

THOSE WHO CANNOT ENROLL IN WEEKEND BATCH NEED NOT TO WORRY FROM 3rd WEEK OF SEPTEMBER (TENTATIVE DATE 19/09/2018) WE ARE GOING TO START OUR 10th ONLINE TECHNICAL ANALYSIS BATCH. (WEEKDAY BATCH) WE ARE OFFERING EARLY BIRD DISCOUNT OF 10% ON WORKSHOP FEE TILL 13/09/2018 (DISCOUNT FEE 6750/- FOR 4 MONTHS INSTEAD OF 7500/- FOR 4 MOTNHS) FEEL FREE TO CALL ON 9067750730 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM IN CASE OF ANY QUESTIONS...!!!

INFACT ONE OF OUR SEPTEMBER WEEKEND TECHNICAL ANALYSIS WORKSHOP PARTICIPANT HAS RECOVERED MORE THAN 5 TIMES OF FEES PAID  EVEN BEFORE STARTING OF OUR WORKSHOP BY TRADING IN OUR BTST/STBT CALLS GIVEN ON OUR TELEGRAM CHANNEL AS WELL AS TELEGRAM CHANNEL BOT...!!!

IF YOU ARE EQUITY TRADER JOIN OUR TELEGRAM BOT FOR EQUITY & IF YOU ARE COMMODITY TRADER TOO THEN YOU CAN JOIN OUR TELEGRAM COMMODITY CHANNEL AS WELL. 

NOW LETS HAVE LOOK AT WEEKLY CLOSE FOR NIFTY & BANK NIFTY 


WEEK ON WEEK NIFTY CLOSED WITH LOSS OF 91 POINTS AT 11589 WHEREAS BANK NIFTY CLOSED WITH LOSS OF 624 POINTS AT 27593

NIFTY VIEW

Lets have look at Nifty Monthly Chart



Different Wedge formations Bulls are already facing resistance at 11760 (higher end of rising wedge) now going forward weekly close above 11800 will important milestone for bulls. (Repeat Comment) 

Lets have look at Nifty Weekly Chart

Weekly chart suggests more upside till 12000 (with leverage of 50 points) in this calender year. (Repeat comment) 

FOR SEPTEMBER SERIES WE FEEL THAT BULLS WONT BE ABLE TO LIFT NIFTY ABOVE 11770 (EXCEPT LAST 2 DAYS OF SERIES) 

Lets have look at Nifty Daily Chart



11550-11600 will be strong support zone for Bulls for September Series. (PREVIOUS BLOG POST VIEW) 

NOW FOR NEXT WEEK AGAIN 11745-11760 SHALL ACT AS STRONG RESISTANCE ZONE. (PREVIOUS BLOG POST VIEW) 

For next week 11615 will be big hurdle for Bulls to clear on closing basis. Close below 11390-11400 will Fuel Bears Vehicle till 11245 levels.

Important levels for next week shall be 11520-11465-11425-11380-11330-11245 (FOR POSITIONAL TRADERS) 

IMPORTANT MOVING AVERAGES 

Weekly 20 & 50 EMA comes at 11097 & 10629 respectively. 

SUPPORT & RESISTANCE LEVELS 

Important levels for next week are 10785-10815-10840-10870-10895-10940-10980-11020-11045-11070-11100-11125-11150-11170-11210-11240-11255-11275-11300-11360-11385-11410-11425-11455-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750 which may act as support or resistance ON DAILY CHART AS WELL AS ON INTRADAY MOVES as the case may be. 

CONCLUSION

Good Support can be seen in 11625-11640 zone so Bulls will try to defend that whereas any close below that will open gates of 11550-11560 zone. (PREVIOUS BLOG POST VIEW) 

ONE MORE FALL TILL 11400 NIFTY IS PENDING IN NEXT WEEK. CLOSE BELOW 11380-11400 ZONE MAY LEAD TO MORE PAIN TILL 11280-11300 ZONE. 

NEXT WEEK RANGE 11680-11200

Nifty Bank View

Lets have look at Nifty Bank Monthly Chart

Nothing much impressive on monthly chart so not posting. 

Lets have look at Nifty Bank Weekly Chart





It is clear from chart that 28350-28400 is strong hurdle zone. (Repeat comment) 

Another Trendline(T6) formation can be seen and that indicates some more pain in Bulls camp with probable downside till 26770-26800 zone...!!!

Lets have look at Nifty Bank Daily Chart





















Ascending Triangle formation can be seen on Daily chart. Now only question is will Bulls be able to give Breakout or Bears will manage to give Breakdown...!!! (PREVIOUS BLOG POST VIEW) 

BEARS NOT ONLY MANAGED TO GIVE BREAKDOWN BUT ALSO COMPLETE DOWNSIDE TARGET ALMOST...!!!

GOING FORWARD 26868-26939 MUST ACT AS STRONG SUPPORT ZONE FOR NEXT WEEK. 

IMPORTANT MOVING AVERAGES

Weekly 20 & 50 EMA comes at 26970 & 25782 respectively. 

SUPPORT & RESISTANCE LEVELS

Important levels for next week are 25810-25920-25985-26070-26170-26255-26285-26325-26410-26450-26520-26615-26650-26695-26765-26900-26970-27045-27145-27230-27335-27470-27600-27640-27680-27720-27765-27790-27825-27845-27890-27940-27970-28015-28060-28130-28175-28210-28265-28320-28375 which may act as support or resistance ON DAILY CHART AS WELL AS ON INTRADAY MOVES as the case may be. 

CONCLUSION

NEXT WEEK RANGE WOULD BE 27600-28500 (VIEW SHARED IN LAST BLOG POST)

EXPECTED RANGE 26700-27800

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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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