WEEKLY BLOG POST ROCKED AGAIN...!!!
THOUGH BANK NIFTY CROSSED EXPECTED RANGE BUT STILL WHEN ALL WERE GIVING LOWER SIDE TARGETS WE HAD POSTED BULLISH VIEWS FOR INDICES...!!!
IN CASE IF YOU HAVE MISSED THAT POST WE REQUEST YOU TO CLICK HERE TO READ THAT BLOG POST.
BUT SOME HOW WE MISSED TO UNDERSTAND YESTERDAY'S DATA TO UNDERSTAND NIFTY & BANK NIFTY NEXT MOVE...!!!
INCASE IF YOU ARE AGGRESSIVE TRADER YOU CAN SUBSCRIBE OUR TELEGRAM BOT TO GET OUR FREE TRADING VIEWS...!!
WE HAD GIVEN BTST TRADE ON RELIANCE 1080 PE THAT RESULTED IN TO LOSS OF ABOUT 10 POINTS BUT THEN IN MARUTI 6800 CE TRADE WE COVER ABOUT 65 POINTS...!!!
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
THOUGH BANK NIFTY CROSSED EXPECTED RANGE BUT STILL WHEN ALL WERE GIVING LOWER SIDE TARGETS WE HAD POSTED BULLISH VIEWS FOR INDICES...!!!
IN CASE IF YOU HAVE MISSED THAT POST WE REQUEST YOU TO CLICK HERE TO READ THAT BLOG POST.
BUT SOME HOW WE MISSED TO UNDERSTAND YESTERDAY'S DATA TO UNDERSTAND NIFTY & BANK NIFTY NEXT MOVE...!!!
INCASE IF YOU ARE AGGRESSIVE TRADER YOU CAN SUBSCRIBE OUR TELEGRAM BOT TO GET OUR FREE TRADING VIEWS...!!
WE HAD GIVEN BTST TRADE ON RELIANCE 1080 PE THAT RESULTED IN TO LOSS OF ABOUT 10 POINTS BUT THEN IN MARUTI 6800 CE TRADE WE COVER ABOUT 65 POINTS...!!!
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 159 points Gains at 10460 whereas Nifty Future (October Series) closed at 10466 (Premium of 6 Points)
Nifty Bank Closed with 794 points Gains at 25322 whereas Bank Nifty Future (October Series) closed at 25306 (Discount of 16 Points)
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 ~ 10415-10380-10350-10325-10295-10270-10225-10180-10110
CONCLUSION
Now if consider recent swing from 11145 to 10198 then 10420-10440 is very strong hurdle for bulls to clear. (Previous blog comment)
Bulls managed to close above given zone now 10550-10570 zone shall act as strong resistance.
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Support ~ 10415-10380-10350-10325-10295-10270-10225-10180-10110
CONCLUSION
Now if consider recent swing from 11145 to 10198 then 10420-10440 is very strong hurdle for bulls to clear. (Previous blog comment)
Bulls managed to close above given zone now 10550-10570 zone shall act as strong resistance.
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 ~ 25220-25150-25065-24810-24680-24515-24380-24250-24010-23810-23660-23575-23475-23445-23215-23090-22980
Conclusion
Now in next session if Bulls manage to close above 24500 (spot) then more upside till 24700 can be expected on or before weekly expiry else 24300 or lower levels can be seen. (Previous blog view)
25450-25500 should act as strong resistance zone.
Option Chain Data
Nifty
Mammoth OPEN INTEREST addition can be seen on 10400-10500-10600-10700-10800 CE but we feel this is just for shifting highest OI tag. (Old comment)
Mammoth additions can be seen 10500-10400-10300-10200-10100-10000 PE front which can be considered as biased bears.
Nifty Bank
Weekly Option Chain
OPEN INTEREST Built-up has just taken place but 24000-25000 can be range expectation. (Old comment)
Now with mammoth move and huge change in OI and next session being expiry it makes no sense to analyse.
Monthly Option Chain
25500 CE OPEN INTEREST regained highest OI tag from 25000 CE...!!!
Put Call Ratio Stands at 1.04 for Nifty whereas for Nifty Bank it is 1.12
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