JUST ABOUT 5 HOURS OF WORKSHOP SESSIONS AND BELOW IS APPRECIATION MAIL THAT WE HAVE RECEIVED FROM OUR WORKSHOP PARTICIPANT
NOW IF WE TALK ABOUT OUR WEEKLY BLOG POST THEN YES AFTER TODAY'S SESSION WE FEEL THAT WE MUST REVIEW RANGE FROM 9700-10300 TO 10000-10550 FOR NIFTY WHERE FOR NIFTY BANK WE FEEL THAT AND FOR NIFTY BANK NOW EXPECTED RANGE COULD BE 24500-26100 INSTEAD OF 23700-25400
NOW IF WE TALK ABOUT OUR WEEKLY BLOG POST THEN YES AFTER TODAY'S SESSION WE FEEL THAT WE MUST REVIEW RANGE FROM 9700-10300 TO 10000-10550 FOR NIFTY WHERE FOR NIFTY BANK WE FEEL THAT AND FOR NIFTY BANK NOW EXPECTED RANGE COULD BE 24500-26100 INSTEAD OF 23700-25400
- TODAY'S TRADE DETAILS (SHARED ON TWITTER HANDLE AS WELL AS TELEGRAM BOT
- IndusInd 1380 PE 66 to 75 (BTST)
We are going to start 13th (Weekend batch) from 10th November 2018 & 14th Batch (Weekday Batch) 12th November 2018 on Technical Analysis and/or Option Trading. We are offering 10% early bird discount offer till 5th November 2018. We are charging 7500/- for 4 months (effectively 1875/month) for Technical Analysis & 15000/- for 6 months for Technical Analysis & Option Trading (effectively 2500/month)
In case if you are interested to know more about workshop on Technical Analysis and/or Option Trading click on respective Workshop name to get more details. Incase if you have any query please call 08866145155/09067750730.
Also we have created WhatsApp Group (Only for Workshop purpose) Incase if you are interested to join WhatsApp Group please click here.
WE ARE GOING TO CONDUCT FREE WEBINAR ON OPTION BASICS ON SATURDAY TO REGISTER CLICK HERE FURTHER IF YOU WANT TO GET COMPLETE LIST OF ALL FREE WEBINARS IN MONTH OF NOVEMBER PLEASE CLICK HERE.
In case if you are interested to know more about workshop on Technical Analysis and/or Option Trading click on respective Workshop name to get more details. Incase if you have any query please call 08866145155/09067750730.
Also we have created WhatsApp Group (Only for Workshop purpose) Incase if you are interested to join WhatsApp Group please click here.
WE ARE GOING TO CONDUCT FREE WEBINAR ON OPTION BASICS ON SATURDAY TO REGISTER CLICK HERE FURTHER IF YOU WANT TO GET COMPLETE LIST OF ALL FREE WEBINARS IN MONTH OF NOVEMBER PLEASE CLICK HERE.
Nifty Spot Closed with 188 Points Gains at 10387
Nifty Bank Closed with 345 points Gains at 25153
Nifty View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance zones ~ 10460-10500-10525-10555-10585-10615-10650-10690-10715-10740-10785-10815-10840-10870-10895-10940-10980-11020-11045-11070-11100-11125-11150-11170-11185-11210-11275-11235-11330-11360-11300-11385-11410-11425-11425-11435-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750
Support ~ 10380-10350-10325-10325-10295-10270-10225-10180-10140-10110-10075-10045-10005-9955
CONCLUSION
Till the time Bulls are not able to lift Nifty Future above 10280-10300 zone on hourly closing basis we feel that Bears are on rest only hiatus only...!!! (Previous blog post comment)
In 1st half Bulls faced problem in given zone but then later on they made remarkable come back but now we feel that Bulls shall take small break tomorrow but in this week Bulls may attempt to lift Nifty Future till 10480-10500 zone
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Support ~ 10380-10350-10325-10325-10295-10270-10225-10180-10140-10110-10075-10045-10005-9955
Till the time Bulls are not able to lift Nifty Future above 10280-10300 zone on hourly closing basis we feel that Bears are on rest only hiatus only...!!! (Previous blog post comment)
In 1st half Bulls faced problem in given zone but then later on they made remarkable come back but now we feel that Bulls shall take small break tomorrow but in this week Bulls may attempt to lift Nifty Future till 10480-10500 zone
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance Zone ~ 25220-25340-25455-25650-25775-25810-25920-25985-26015-26070-26170-26255-26285-26325-26410-26450-26520-26615-26650-26695-26765-26805-26900-26970-27045-27145-27230-27335-27405-27470-27600-27640-27680-27720-27790-27825-27845-27890-27940-27970-28060-28130-28175-28210-28265-28320-28375-28320-28375
Support ~ 25065-25150-24810-24680-24515-24380-24250-24010-23810-23660-23575-23475-23445-23215-23090-22980
Conclusion
Till the time Bulls are not able to lift Bank Nifty Future above 25200-25250 zone on hourly closing basis we feel that Bears are on rest only hiatus only...!!! (Previous blog post comment)
Bulls may target to lift Bank Nifty future above 25500 in this week...!!!
Option Chain Data
Nifty
OPEN INTEREST in OTM CE gives some hope of more upside in this week. On PE front clearly frustration of Bears as well as aggressive built-up can be seen in writer's front.
Nifty Bank
Weekly Option Chain
Huge OPEN INTEREST additions can be seen in from 24500 to 25100 PE which can be considered aggressive writing.
On CE front smart traders took exit today.
Monthly Option Chain
OPEN INTEREST built-up is taking place slowly and gradually 24500 & 25000 PE having good base built-up.
Upside 25500 & 26000 CE also having good attraction.
But surprisingly 26500 PE is having huge OI. (Repeat comment)
Put Call Ratio Stands at 1.41 for Nifty whereas for Nifty Bank it is 1.60
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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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