Nifty & Nifty Bank View for 13/11/2018

1st SESSION OF WEEK AND BEARS MADE REMARKABLE ENTRY WHICH WAS INLINE TO OUR EXPECTATION WHICH WE HAD SHARED IN OUR LAST WEEKLY VIEW BLOG POST...!!! INCASE IF YOU HAVE MISSED THAT POST PLEASE CLICK HERE TO READ. 

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

• MARUTI 7200 CE 175 to 230 (lot size 75) (Intraday)
• 55 points per lot or 4125/lot (Profit) 
• DIVISLAB 1600 CE  28 to 21 (lot size 400) (Positional)
• 7 points per lot or 2800/lot (Loss) 

• GLENMARK FUTURE 674 TO 660.60 (lot size 1000) (Intraday)
• 13.40 points per lot or 13400/lot (Profit) 

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

• JetAirways 280 CE 15 to 13.25 (lot size 1200) (Positional) 
• 1.75 points per lot or 2100/lot (Loss)

• IndusInd Future 1502 to 1482 (lot size 300) (Positional) 
• 20 points per lot or 6000/lot (Profit) 

• Maruti 7200 PE 155 to 245 (lot size 75) (Intraday)  
• 90 points per lot or 6750/lot (Profit) 

• PFC Future 103.95 to 101.95 (lot size 6000) (Risky BTST) 
• 2 points per lot or 12000/lot (Loss)

Apart from Group Workshop on Technical Analysis We have also started One on One session on Technical Analysis and/or Option Trading with 100% flexible timings. To get more update on session please call 08866145155 or drop mail on nifty50striker@gmail.com  

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. 

WE ARE GOING TO CONDUCT FREE WEBINAR ON BASIC REVERSAL CANDLE SIGNALS 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 103 points Loss at 10482

Nifty Bank Closed with 231 points Loss at 25540

Nifty View

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

Resistance zones ~  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 ~ 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 (Previous daily blog post comment) 

Some how we feel that 10447-10478 gap shall be filled in next 2 sessions (Nifty Future)  

Nifty Bank View

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

Resistance Zone ~ 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 ~ 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. (Previous daily blog post comment) 

Some how we feel that 25450-25515 gap shall be filled in next 2 sessions (Bank Nifty Future)  

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. (Previous daily blog post comment) 

Going forward we feel that 10700 CE shall gain highest OI tag in this week. 

Nifty Bank


Weekly Option Chain

Huge OPEN INTEREST can be seen at 26000 CE & 25000/25500 PE. Spot close below 25500 may lead to more downside of 200-300 points. 

Monthly Option Chain

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

Put Call Ratio Stands at 1.38 for Nifty whereas for Nifty Bank it is 1.42

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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.