Nifty & Nifty Bank View for 09/11/2018

AFTER VERY LONG TIME DIWALI MUHURAT SESSION CLOSED WITH GREEN MARK...!!!

SOME HOW DIVERGENCE FORMATION THAT WAS TAKING PLACE SEEMS GETTING FAILED ON NIFTY FUTURE DAILY CHART...!!! 

CHART BEFORE MUHURAT SESSION.

CHART AFTER MUHURAT SESSION.

LAST 2 SESSIONS TRADE DETAILS (SHARED ON TWITTER HANDLE AND/OR AS WELL AS TELEGRAM BOT

• PIDILITIND Future 1025 to 1015 (lot size 500) (BTST)
• 10 points per lot or 6500/lot (Loss) 
• BANK NIFTY 26000 CE (Monthly) 265 to 280 (lot size 20) 
• 10 points per lot or 200/lot (Profit) 

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

• DivisLab 1500 PE from 60 to 78 (lot size 400) (Positional) 
• 18 points per lot or 7200/lot (Profit)

• IndusInd 1500 PE from 50 to 70 (lot size 300) (Intraday) 
• 20 points per lot or 6000/lot (Profit) 

• Indusind Future from 1490 to 1450 (lot size 300) (Positional)  
• 40 points per lot or 12000/lot (Profit) 

• RelCapital Future from 257 to 253.75 (lot size 1500) (Intraday) 
• 3.25 points per lot or 4875/lot (Loss)

• AdaniPorts 340 CE 11 from 7.80 (lot size 2500) (Intraday) (Risky) 
• 3.2 points per lot or 8000/lot (Loss) 

• Nifty 10000 PE from 49 to 34 (lot size 75) (Positional) 
• 15 points per lot or 1125/lot (Loss)

• Nifty 10500 CE from 200 to 230 (lot size 75) (BTST) 
• 30 points per lot or 2250/lot (Profit) 

• Glenmark Future 663 to 663 (lot size 1000) (BTST) 
• Cost to cost 

We are going to start 13th (Weekend batch) from 10th November 2018  & 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) (14th Batch canceled due to timings issue) 

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 68 points gain at 10598

Nifty Bank Closed with 140 points Gains at 25738

Nifty View

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

Resistance zones ~  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 ~ 10585-10555-10525-10500-10460-10380-10350-10325-10325-10295-10270-10225-10180-10140-10110-10075-10045-10005-9955

CONCLUSION

Some how we feel that Bulls may face pressure at 10780-10800 (too early to say at present but still) for Nifty Future

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

Bulls are facing difficulty to clear 26000 for Bank Nifty Future in last 4 sessions. Now going forward we feel that in next session Bulls may clear that in intraday moves but closing above that will lead to more upside of 200-300 points in next week. 

Option Chain Data

Nifty

OPEN INTEREST liquidations can be seen in 10600-10700 CE strikes. Further good OPEN INTEREST can be seen in this strikes. PE front clear frustration can be seen with huge additions as well as over OPEN INTEREST position. 

Nifty Bank


Weekly Option Chain

Huge OPEN INTEREST can be seen at 26000-26500 CE. On lower side good attraction can be seen at 25500 & 25000PE. 

Monthly Option Chain

25000 PE (OTM)  & 25500 (ITM) & 26000 (OTM) CE also having good attraction. 

Put Call Ratio Stands at 1.54 for Nifty whereas for Nifty Bank it is 1.33

--------------------------------------------------------------------------------------------------------------------------

YOUTUBE CHANNEL 

--------------------------------------------------------------------------------------------------------------------------

FOR LIVE MARKET UPDATE & FREE OPTION CALLS JOIN:- 

T.ME/NIFTY50STRIKER

--------------------------------------------------------------------------------------------------------------------------

SOCIAL MEDIA TOUCH POINTS:-

T.ME/NIFTY50STRIKER

FACEBOOK.COM/NIFTY50STRIKER

TWITTER.COM/NIFTY50STRIKER

--------------------------------------------------------------------------------------------------------------------------

IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155

--------------------------------------------------------------------------------------------------------------------------

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.