Nifty & Nifty Bank View for 22/11/2018

ONCE AGAIN MARKET MOVED ARE IN LINE OF OUR EXPECTATIONS...!!!

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 OUR ONLINE WORKSHOP. PLEASE CLICK HERE IF YOU WANT TO JOIN. INFACT THOSE WHO JOINED THAT GROUP HAVE RECOVERED MORE THAN 100% FEES IN LAST 2 SESSIONS...!!!

TODAY WE HAD GIVEN ONLY 1 TRADING CALL IN THAT GROUP (WHICH WAS ALSO SHARED ON OUR TWITTER HANDLE AND TELEGRAM BOT) 

[9:35 AM, 11/21/2018] Manush Vadher: ONLY FOR RISK TAKERS 

SHORT #NIFTY FUTURE AT 10650 SL 10710 FOR TARGET OF 10590-10560-10530

[9:58 AM, 11/21/2018] Manush Vadher: [9:35 AM, 11/21/2018] Manush Vadher: ONLY FOR RISK TAKERS 

SHORT #NIFTY FUTURE AT 10650 SL 10710 FOR TARGET OF 10590-10560-10530

LOW UPDATE

LOW OF 10625 TRAIL SL TO 10685

[10:22 AM, 11/21/2018] Manush Vadher: [9:35 AM, 11/21/2018] Manush Vadher: ONLY FOR RISK TAKERS 

SHORT #NIFTY FUTURE AT 10650 SL 10710 FOR TARGET OF 10590-10560-10530

LOW UPDATE

LOW OF 10595.60 TRAIL SL TO COST (10650)

[10:29 AM, 11/21/2018] Manush Vadher: [9:35 AM, 11/21/2018] Manush Vadher: ONLY FOR RISK TAKERS 

SHORT #NIFTY FUTURE AT 10650 SL 10710 FOR TARGET OF 10590-10560-10530

TARGET UPDATE

LOW OF 10585.55 

TRAIL SL AS PER RISK APPETITE

DONE WITH 1:1 RISK REWARD OR PROFIT OF ABOUT 3750/LOT TILL NOW 🤠🤠💰💰😍😍

[10:52 AM, 11/21/2018] Manush Vadher: TIME BEING PLEASE TAKE FULL EXIT IN #NIFTY FUTURE TRADE WITH GAINS OF ABOUT 60 POINTS PER LOT

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

• RELCAPITAL 240 PE 9.70 TO 7.85 (lot size 1500) (POSITIONAL) 

• Loss of 1.85 points or 2775/lot

• RELINFRA 360 CE 12.30 TO 14.60(lot size 1300) (INTRADAY) 

• Profit of 2.30 point per lot or 2990/lot 

• HINDPETRO 250 9E 6.50 TO 10 (lot size 1575) (INTRADAY) 

• Profit of 3.50 point per lot or 5512.50/lot 

• MCDOWELL-N FUTURE 638 TO 645 (lot size 1250) (INTRADAY) 

• Profit of 7 point per lot or 8750/lot 

• AXISBANK 620 CE 12.75 TO 16.75 (lot size 1200) (INTRADAY) 

• Profit of 4 point per lot or 4800/lot 

AT PRESENT NIFTY OPEN POSITION IS NIFTY 10600 CE (STRADDLE TRADE TAKE BUT EXITED IN 10600 PE WITH 6 POINTS (CALL WAS SHARED WITH ALL)

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 56 points Loss at 10600

Nifty Bank Closed with 149 points Gain at 26262

Nifty View

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

Resistance zones ~  10650-10615-10690-10715-10740-10785-10815-10840-10870-10895-10940-10980-11020-11045-11070-11100-11125-11150-11170-11185-11210-11275-11235-11330-11360-11300-11385-11410-11425-11425-11435-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750

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

CONCLUSION

As expected in Weekly blog spot gap zone may act as resistance zone or supply zone but for next session we feel that spot Nifty may find some support in 10600-10610 zone. (Previous blog post comment) 

Given support zone was broken but some we feel that 10560-10580 may act as strong support for next session. (spot basis)

Nifty Bank View

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

Resistance Zone ~ 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 ~ 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

Nothing major we feel is there major negative for Bulls on Daily charts (Previous blog post comment) 

Nifty Bank moved as per expectation but next session being weekly expiry we feel that some pressure can be witnessed at 26500 levels. On downside 26000 can act as strong support. 

Option Chain Data

Nifty

Atlast 10800 CE gain highest OPEN INTEREST tag...!!! (Previous blog post comment) 

But now today again 10700-10800-11000 CE having almost similar shares in open interest. 

We are expecting in next 2 sessions 10500 PE may gain highest OI tag. 

Nifty Bank


Weekly Option Chain

OPEN INTEREST may not solve any purpose as next session is weekly expiry session. 

Monthly Option Chain

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

Put Call Ratio Stands at 1.36 for Nifty whereas for Nifty Bank it is 1.51

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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.