Nifty & Nifty Bank View for 14/11/2018

Seems Bulls & Bears are playing seesaw game and that is resulting into zigzag moves and unnecessary stop-outs...!!!

WE HAVE ALREADY SHARED OUR WEEKLY VIEW; INCASE IF YOU HAVE MISSED THAT POST PLEASE CLICK HERE TO READ. 

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

• BANKNIFTY 25500 PE from 330 to 290 (lot size 20) (Intraday)
• 40 points per lot or 800/lot (Loss) 

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

• BANKINDIA 85 PE from 3.50 to 6 (lot size 6000) (Positional) 
• 2.50 points per lot or 15000/lot (Profit)

• MARUTI 7200 PE 155 to 215(lot size 75) (Positional) 
• 60 points per lot or 4500/lot (Profit) 

• BAJFINANCE 2200 PE 62 to 55 (lot size 250) (Intraday)  
• 7 points per lot or 1750/lot (Loss) 

• GLENMARK Future 674 to 662 (lot size 1000) (Positional) 
• 12 points per lot or 12000/lot (Profit)

• RELINFRA 340 PE 12.10 to 9.90 (lot size 1300) (Intraday)  
• 2.20 points per lot or 2860/lot (Loss) 

• VOLTAS Future 530.50 to 537.10 (lot sizr 1000) (Positional) 
•  6.60 points per lot or 6600/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 100 points Gain at 10583

Nifty Bank Closed with 229 points Loss at 25769

Nifty View

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

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

CONCLUSION

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

Expectation was gap filling and today gap is almost filled but going forward we feel that 10675-10720 shall act as strong resistance for Nifty Future in next session. 

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

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

Expectation was gap filling and today gap is filled but going forward we feel that 25940-25980 shall act as strong resistance for Bank Nifty Future in next session. 

Option Chain Data

Nifty

OPEN INTEREST liquidations can be seen in 10500-10600-10700 CE strikes. Further good fight between 10700-10800 CE for highest OI tag is resulting into mere fight only and 11000 CE is standing strong with highest OI tag. 

Going forward we feel that 10700 CE shall gain highest OI tag in this week. (View Shared in last blog post) 

Nifty Bank


Weekly Option Chain

Huge OPEN INTEREST liquidation can be seen at 25600-25700-25800-25900-26000 CE  show exit by trapped retail buyers...!!!

Monthly Option Chain

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

Put Call Ratio Stands at 1.51 for Nifty whereas for Nifty Bank it is 1.44

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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.