Nifty & Nifty Bank View for 25/10/2018

NOT ONLY RANGE WAS RESPECTED BUT MARKET PARTICIPANTS RESPECTED OUR VIEW AS WELL...!!! CONCLUSION THAT WE HAD GIVEN IN LAST BLOG POST WAS AS UNDER:- 

NIFTY CONCLUSION 

NIFTY BANK CONCLUSION 

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WE STILL FEEL THAT MOVES IN BOTH INDICES ARE INLINE WITH OUR EXPECTATION SHARED IN WEEKLY BLOG. INCASE IF YOU MISSED TO READ THAT BLOG POST PLEASE CLICK HERE TO READ THAT POST.

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Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next session.

Nifty Spot Closed with 77 Points Gains at 10225 

Nifty Bank Closed with 92 points Gains at 25064 

Nifty View

Now for next trading session important Resistance & Support Levels (Spot basis) are as under:- 

Resistance zones ~  10225-10270-10295-10325-10350-10380-10460-10500-10525-10555-10585-10615-10650-10690-10715-10740-10785-10815-10840-10870-10895-10940-10980-11020-11045-11070-11100-11125-11150-11170-11185-11210-11275-11235-11330-11360-11300-11385-11410-11425-11425-11435-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750

Support ~ 10180-10140-10110-10075-10045-10005-9955

CONCLUSION

10270-10300 is going to act as strong resistance zone in next session. On downside 10140-10130 shall be support zone but if Bears managed to take nifty below 10100 levels then PE writers may face some problem. 

Nifty Bank View

Now for next trading session important Resistance & Support Levels (Spot basis) are as under:- 

Resistance Zone ~ 25065-25150-25220-25340-25455-25650-25775-25810-25920-25985-26015-26070-26170-26255-26285-26325-26410-26450-26520-26615-26650-26695-26765-26805-26900-26970-27045-27145-27230-27335-27405-27470-27600-27640-27680-27720-27790-27825-27845-27890-27940-27970-28060-28130-28175-28210-28265-28320-28375-28320-28375

Support ~ 24810-24680-24515-24380-24250-24010-23810-23660-23575-23475-23445-23215-23090-22980

Conclusion

24835-24775 is going to act as strong support zone but moves till 24700 can't be ruled our in next session. On upside 25300-25375 is going to act as strong resistance. 
Option Chain Data

Nifty

OPEN INTEREST liquidations can be seen in 10400-10500-10600-10700-10800-10900-11000 CE which can be interpreted as exit opportunity by retail CE option buying traders. 

Today Bulls and Bears manage to make their present felt but we feel tomorrow Bears will be in driver's seat. 

Nifty Bank

Monthly Option Chain

Looking at additions in OPEN INTEREST 25300-25400-25500 CE shows writer's greed. PE front also 24800-24900-25000 writer's greed can be seen.  

Put Call Ratio Stands at 0.75 for Nifty whereas for Nifty Bank it is 0.74

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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.