AT-LAST AFTER BIG FIGHT BETWEEN BULLS AND BEARS TODAY WE WITNESSED BULLS OVERPOWERED BEARS...!!!
BUT GREEN CLOSE IS NOT BIG SURPRISE TO US...!!!
THIS IS BECAUSE WE HAD ALREADY SAID THIS IN OUR WEEKLY VIEW FOR NIFTY & BANK NIFTY. IN CASE IF YOU HAVE MISSED THAT POST WE REQUEST YOU TO CLICK HERE TO READ THAT BLOG POST.
FROM 21/10/2018 WE ARE GOING TO START COMBO WORKSHOP ON TECHNICAL ANALYSIS AS WELL AS OPTION TRADING. INCASE IF YOU HAVE ANY QUERY PLEASE CLICK HERE TO JOIN OUR WHATSAPP GROUP OR INCASE IF YOU WANT TO CONTACT US DIRECTLY CALL 08866145155/09067750730 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM
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BUT GREEN CLOSE IS NOT BIG SURPRISE TO US...!!!
THIS IS BECAUSE WE HAD ALREADY SAID THIS IN OUR WEEKLY VIEW FOR NIFTY & BANK NIFTY. IN CASE IF YOU HAVE MISSED THAT POST WE REQUEST YOU TO CLICK HERE TO READ THAT BLOG POST.
FROM 21/10/2018 WE ARE GOING TO START COMBO WORKSHOP ON TECHNICAL ANALYSIS AS WELL AS OPTION TRADING. INCASE IF YOU HAVE ANY QUERY PLEASE CLICK HERE TO JOIN OUR WHATSAPP GROUP OR INCASE IF YOU WANT TO CONTACT US DIRECTLY CALL 08866145155/09067750730 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM
WE ARE GOING TO CONDUCT FREE WEBINAR ON INTRADAY TRADING ON SATURDAY TO REGISTER CLICK HERE
Nifty Spot Closed with 32 points Gains at 10348 whereas Nifty Future (October Series) closed at 10381 (Premium of 33 Points)
Nifty Bank Closed with 175 points Gains at 24618 whereas Bank Nifty Future (October Series) closed at 24709 (Premium of 91 Points)
Nifty View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance zones ~ 10350-10380-10415-10460-10500-10525-10555-10585-10615-10650-10690-10715-10740-10785-10815-10840-10870-10895-10940-10980-11020-11045-11070-11100-11125-11150-11170-11185-11210-11275-11235-11330-11360-11300-11385-11410-11425-11425-11435-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750
Support ~ 10325-10295-10270-10225-10180-10110
CONCLUSION
10200 is going to to be strong support for this week but upside road for Bulls would not be that easy. On Daily chart 10450 & 10600 will be strong resistance levels.
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Support ~ 10325-10295-10270-10225-10180-10110
CONCLUSION
10200 is going to to be strong support for this week but upside road for Bulls would not be that easy. On Daily chart 10450 & 10600 will be strong resistance levels.
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance Zone ~ 24680-24810-25065-25150-25220-25340-25455-25650-25455-25340-25220-25150-2577525065-25810-25920-25985-26015-26070-26170-26255-26285-26325-26410-26450-26520-26615-26650-26695-26765-26805-26900-26970-27045-27145-27230-27335-27405-27470-27600-27640-27680-27720-27790-27825-27845-27890-27940-27970-28060-28130-28175-28210-28265-28320-28375-28320-28375
Support ~ 24515-24380-24250-24010-23810-23660-23575-23475-23445-23215-23090-22980
Conclusion
Still we feel that 24700-24800 shall be strong resistance zone for next session. (Spot basis)
Option Chain Data
Nifty
Mammoth OPEN INTEREST addition can be seen on 10000 PE but good news for Bulls is that good liquidations can be seen in 10200-10500-10600 PE. Good additions can be seen in CE front.
Nifty Bank
Weekly Option Chain
OPEN INTEREST Built-up has just taken place but 24000-25000 can be range expectation.
Monthly Option Chain
25500 CE OPEN INTEREST lost highest OI tag to 25000 CE now on PE front 24000-24500-25000 PE are in strong fight for highest OI tag.
Put Call Ratio Stands at 0.91 for Nifty whereas for Nifty Bank it is 1.05
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