Nifty & Nifty Bank View for 20/11/2018

AT PRESENT WE CAN SAY THAT BOTH INDICES ARE MOVING AS PER OUR VIEW THAT WE HAD SHARED IN OUR WEEKLY BLOG POST...!!!

INCASE IF YOU HAVE MISSED OUR WEEKLY BLOG POST PLEASE CLICK HERE TO READ SAME.

WE ARE GOING TO START LAST 2 BATCHES ON TECHNICAL ANALYSIS + OPTION TRADING (ONLINE MODE ONLY) FROM 3rd WEEK OF DECEMBER 2018. WE ARE OFFERING 10% DISCOUNT ON OUR WORKSHOP FEE. PAY 6750/- FOR 4 MONTHS INSTEAD OF 7500/- FOR 4 MONTHS INCASE IF YOU ARE INTERESTED TO LEARN TECHNICAL ANALYSIS ONLY WHEREAS OF TECHNICAL ANALYSIS + OPTION TRADING WE ARE CHARGES 13500/- FOR 6 MONTHS INSTEAD OF 15000/- FOR 6 MONTHS. 

WE HAVE ALSO CREATED WHATSAPP GROUP INCASE IF YOU ARE INTERESTED TO JOIN EITHER OR BOTH OF WORKSHOP. PLEASE CLICK HERE IF YOU WANT TO JOIN 

INFACT THOSE WHO JOINED THAT GROUP PRIOR TO TODAY'S SESSION MAY HAVE ALREADY RECOVERED THEIR WORKSHOP FEES AS WELL...!!!

WE HAD SHARED 3 TRADING CALLS IN OUR THAT GROUP

• [10:17 AM, 11/19/2018] Manush Vadher: BUY IN SMALL QUANTITY #RELINFRA 340 CE AT 12.40-12.60 SL 10.15
• [10:17 AM, 11/19/2018] Manush Vadher: BUY IN SMALL QUANTITY #RELINFRA 340 CE AT 12.40-12.60 SL 10.15
• 2X UPDATE 
• HIGH OF 26.45 LTP 24.50 
• STILL THERE IS ROOM OF UPSIDE. KEEP TRAILING SL

• [12:36 PM, 11/19/2018] Manush Vadher: BUY/TRADE AS PER RISK APPETITE BUY #RELCAPITAL 250 CE AROUND 8.85-8.95 SL 6.50
• [1:05 PM, 11/19/2018] Manush Vadher: [12:36 PM, 11/19/2018] Manush Vadher: BUY/TRADE AS PER RISK APPETITE
• BUY #RELCAPITAL 250 CE AROUND 8.85-8.95 SL 6.50
• HIGH OF 11.40 
• TRAIL SL TO 7.70 ATLEAST OR NEAR TO COST


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

• Maruti Straddle Trade (FRIDAY) (POSITIONAL)
• 7500 CE + PE Buy 
• CE Exited with loss of 20 points. (160 to 140) 20 points loss or 1500 /lot 
• PE is still hold 
• EXITED WAS UPDATED AT 245/- THUS PROFIT OF 55 POINTS PROFIT PER LOT OR 4125 RS PER STRADDLE PAIR

• SBIN 290 CE 8.50 TO 7.50 (lot size 3000) (BTST)
• 1 point per lot or 3000/lot (Loss) 

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

• APOLLOHOSP (CASH) 1275 TO 1245 (BTST)
• 30/- per share (Loss) 

• ADANIPORTS 350 CE 7.45 TO 6.15 (lot size 4000) (BTST) 
• 1.30 points per lot or 5200/lot (Loss) 

• ICICIBANK 370 CE FROM 9.70 TO 9.70 (lot size 2750) (INTRADAY) 

• cost to cost 

• PFC FUTURE 104 TO 100 (lot size 6000) (POSITIONAL/INTRADAY) 

• 4 points per lot or 24000/lot (PROFIT) 

• RELINFRA & RELCAPITAL CE OPTION TRADING CALLS WERE SHARED WITH TRADING MEMBERS AS WELL.

WE ARE GOING TO CONDUCT FREE WEBINAR ON DIVERGENCE ON SATURDAY TO REGISTER CLICK HERE

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

Nifty Spot Closed with 81 points Gain at 10763

Nifty Bank Closed with 55 points Gain at 26300

Nifty View

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

Resistance zones ~  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 ~ 10740-10715-10690-10650-10615-10585-10555-10525-10500-10460-10380-10350-10325-10325-10295-10270-10225-10180-10140-10110-10075-10045-10005-9955

CONCLUSION

Bulls may struggle to clear 10800-10810 Nifty Future Zone. Above that quick move of 80-100 points can't be ruled out. 

Nifty Bank View

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

Resistance Zone ~ 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 ~ 26285-26255-26170-26070-26015-25985-25920-25810-25775-25650-25455-25340-25220-25065-25150-24810-24680-24515-24380-24250-24010-23810-23660-23575-23475-23445-23215-23090-22980

Conclusion

Some how today's doji candle is not convincing for Bulls.

26450-26500 is strong resistance zone as per charts for Bank Nifty Future. 

Option Chain Data

Nifty

OPEN INTEREST liquidations can 10500-10600-10700-10800 CE strikes which can considered by exit by buyers. 

Mammoth additions in 10400-10500-10600 PE which frustration of Bears...!!!

Nifty Bank


Weekly Option Chain

OPEN INTEREST built-up has already taken place but somehow no clear trend can be inferred at present. 

Monthly Option Chain

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

Put Call Ratio Stands at 1.49 for Nifty whereas for Nifty Bank it is 1.55

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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.