1st day of week BULLS made phenomenal come back...!!!
Before we move further lets check NIFTY Daily chart...!!!
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...!!!
Apart from our regular Telegram we have started New Telegram Channel for Option Traders.
Today We had given 1st Option Trading call on that channel...!!!
Before we move further lets check NIFTY Daily chart...!!!
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...!!!
Apart from our regular Telegram we have started New Telegram Channel for Option Traders.
Today We had given 1st Option Trading call on that channel...!!!
WE SHALL SHARE COMPLETE TRADING VIEW SHARED WITH OUR MEMBERS AS WELL AS SHARED ON SOCIAL MEDIA IN OUR NEXT BLOG POST.
Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next session.
Nifty Spot Closed with 102 points Gain at 10629
Nifty Bank Closed with 366 points Gain at 26366
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
We can see that in chart those who went short on last week with an expectation of Breakout were forced to book loss today on account of upmove that took place today.
Still we feel that 10700 must act as strong resistance in for this series.
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Support ~ 10585-10555-10525-10500-10460-10380-10350-10325-10325-10295-10270-10225-10180-10140-10110-10075-10045-10005-9955
We can see that in chart those who went short on last week with an expectation of Breakout were forced to book loss today on account of upmove that took place today.
Still we feel that 10700 must act as strong resistance in for this series.
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance Zone ~ 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 ~ 26325-26285-26255-26170-26070-26015-25985-25920-25810-25775-25650-25455-25340-25220-25065-25150-24810-24680-24515-24380-24250-24010-23810-23660-23575-23475-23445-23215-23090-22980
Conclusion
Nifty Bank closed at highest level in this series.
Now going further if Bulls are able to close above 26500 then fast move for 200-300 points on upside can be seen...!!!
Option Chain Data
Nifty
10700 CE lost highest OPEN INTEREST tag again to 11000...!!!
But mammoth liquidation can be seen on CE front...!!! Further clear frustration in Bears camp can be seen with mammoth additions on PE front.
CE front liquidation leads to doubt over more upside.
Nifty Bank
Monthly Option Chain
26000 to 26500 could be possible range for this series now.
Put Call Ratio Stands at 1.36 for Nifty whereas for Nifty Bank it is 1.51
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