Nifty & Nifty Bank View for 06/11/2018

BEFORE WE START OUR BLOG POST WE WOULD LIKE TO UPDATE TOMORROW NIFTY BANK WEEKLY EXPIRY SO PLEASE TRADE ACCORDINGLY...!!!

WE HAVE ALREADY SHARED OUR WEEKLY VIEW INCASE IF YOU HAVE MISSED THAT PLEASE GO THROUGH THAT FIRST. 

• TODAY'S TRADE DETAILS (SHARED ON TWITTER HANDLE AS WELL AS TELEGRAM BOT
• BEML Future 687 to 700 (lot size 500) (BTST)
• 13 points per lot or 6500/lot (Profit) 
• Tata Steel Future 580.50 to 579.50 (lot size 1061) (Intraday) 
• 1 point per lot or 1061/lot (Profit) 

Other than this Following Trades were shared with our Trading members. (Close Trades only) 

• IBulHsgFin 620 PE from 47 to 65 (lot size 500) (Intraday) 
• 18 points per lot or 6000/lot (Profit)

• TataSteel 580 PE from 21.50 to 21 (lot size 1061) (Intraday) 
• 0.50 point per lot or 530.50/lot (Profit) 

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 GREEKS 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.

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

Nifty Spot Closed with 29 points Loss at 10524

Nifty Bank Closed with 31 points Gains at 25732

Nifty View

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

Resistance zones ~  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 ~ 10500-10460-10380-10350-10325-10325-10295-10270-10225-10180-10140-10110-10075-10045-10005-9955

CONCLUSION

Nifty Future closing above 10580-10600 shall only make Bulls powerful else these levels shall be used to built short positions only. 

Nifty Bank View

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

Resistance Zone ~ 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 ~ 25650-25455-25340-25220-25065-25150-24810-24680-24515-24380-24250-24010-23810-23660-23575-23475-23445-23215-23090-22980

Conclusion

25860-25900 is strong resistance zone for Bulls for next session which shall again prove its worth being expiry session though option settlement shall be as per spot basis only. 

Option Chain Data

Nifty

OPEN INTEREST additions can be seen in 10500-10600 CE strikes. This can be considered as probably range built-up for this long series...!!! 

Downside strong protection can be seen at 10000 PE due to huge OPEN INTEREST

Nifty Bank


Weekly Option Chain

Huge OPEN INTEREST built-up can be seen at 25900-26000 CE. On lower side good attraction can be seen at 25400-25500-25600 PE. 

Monthly Option Chain

OPEN INTEREST built-up is taking place slowly and gradually 24500 & 25000 PE having good base built-up. (Repeat comment) 

25500 CE (ITM)  & 26000 (OTM) CE also having good attraction. 

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.