WHAT A PHENOMENAL WEEK FOR BULLS...!!!
SOMEHOW OUR GIVEN RANGE WAS BROKEN (DUE TO SUDDEN STRIKE BACK BY BULLS) BUT HAD THEN REVISED OUR VIEW IN MID WEEK...!!!
We are going to conduct FREE WEBINAR ON OPTION GREEKS on 10/11/2018 at 2100 hrs To register click here
Further we are going to conduct couple of free webinars in November month. To get entire list with registration link click here
We are going to start 12th (Weekend) & 13th (Weekday) Batch on Technical Analysis + Option Trading from 10th November 2018 & 12th November 2018. We are offering early bird discount of 10% till 5th November 2018. Workshop fee for Technical Analysis is 7500/- for 4 months and for Technical Analysis + Option Trading it is 15000/- for 6 months. For more information on please call 08866145155 or drop mail on nifty50striker@gmail.com
Incase if you want to know workshop course contents please go through his links.
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SOMEHOW OUR GIVEN RANGE WAS BROKEN (DUE TO SUDDEN STRIKE BACK BY BULLS) BUT HAD THEN REVISED OUR VIEW IN MID WEEK...!!!
We are going to conduct FREE WEBINAR ON OPTION GREEKS on 10/11/2018 at 2100 hrs To register click here
Further we are going to conduct couple of free webinars in November month. To get entire list with registration link click here
We are going to start 12th (Weekend) & 13th (Weekday) Batch on Technical Analysis + Option Trading from 10th November 2018 & 12th November 2018. We are offering early bird discount of 10% till 5th November 2018. Workshop fee for Technical Analysis is 7500/- for 4 months and for Technical Analysis + Option Trading it is 15000/- for 6 months. For more information on please call 08866145155 or drop mail on nifty50striker@gmail.com
Incase if you want to know workshop course contents please go through his links.
If you are interested in getting trading views & charts posts (for education and record purpose only) then please subscribe our Telegram Bot or you can follow us on Twitter handle
NOW LETS HAVE LOOK AT WEEKLY CLOSE FOR NIFTY & BANK NIFTY
Week on Week Nifty closed with Gains of 523 points at 10553 whereas for Nifty Bank Bulls managed to close at 25701 with gains of 1280 points.
NIFTY VIEW
Lets have look at Nifty Monthly Chart
Different Wedge formations are in place Bulls faced resistance at 11760 (higher end of rising wedge) Now going forward weekly close above 11800 will important milestone for bulls. (Repeat Comment)
But Good Part is that in this chart we can see that T2 Trendline (Wedge formation) acted as support timebeing on closing basis till. Now going forward we feel that Bulls shall try their level best that bears do not manage monthly closing below 10130. (Repeat comment)
Good part of monthly candle till now is that it is in Favor of Bulls...!!! But it is premature to analyse at present.
Lets have look at Nifty Weekly Chart
Lets have look at Nifty Monthly Chart
But Good Part is that in this chart we can see that T2 Trendline (Wedge formation) acted as support timebeing on closing basis till. Now going forward we feel that Bulls shall try their level best that bears do not manage monthly closing below 10130. (Repeat comment)
Good part of monthly candle till now is that it is in Favor of Bulls...!!! But it is premature to analyse at present.
Lets have look at Nifty Weekly Chart
Somehow big Green candles gives hope of more upside but WE FEEL THAT CLOSE ABOVE 10700 ON WEEKLY BASIS SHALL TRIGGER MORE UPSIDE TILL 11000 IN CURRENT SERIES; BUT THAT IS DIFFICULT LOOKING AT PRESENT STRUCTURE...!!!
Lets have look at Nifty Daily Chart
10660-10710 must act as strong resistance going forward...!!!
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 10810, 10627 & 10115 respectively.
SUPPORT & RESISTANCE LEVELS
Important levels
Important levels for next week are 9685-9710-9735-9770-9790-9815-9840-9860-9885-9910-9935-9955-10005-10045-10075-10110-10140-10180-10225-10270-10295-10325-10350-10380-10415-10460-105000-10525-10555-10585-10615-10650-10690-10715-10740-10785-10815-10840-10870-10895-10940-10980-11020-11045-11070-11100-11125-11150-11170-11210-11240-11255-11275-11300-11360-11385-11410-11425-11455-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750 which may act as support or resistance ON DAILY CHART AS WELL AS ON INTRADAY MOVES as the case may be.
CONCLUSION
NEXT WEEK RANGE 10200-10650
Nifty Bank View
Lets have look at Nifty Bank Monthly Chart
Now we feel that this previous month close below trendline is bit painful for Bulls but good part is another expanding wedge formation support comes near to 24000-24100 level. (Repeat comment)
Good thing is that Bears though managed to make new low in this month but still low below wedge Trendline is not yet made. (Repeat comment)
GOING FORWARD CANDLE FORMATION MAY PLAY AN IMPORTANT ROLE. (SAID IN PREVIOUS BLOG POST)
With some adjustments we feel that this MORNING STAR formation may not give convincing BREAKOUT...!!! BUT THAT PREMATURE TO SAY ON MONTHLY CHART
Lets have look at Nifty Bank Weekly Chart
EXPECTED RANGE 24900-25900
RECORDINGS OF OLD FREE WEBINARS CAN BE FOUND ON OUR YOUTUBE CHANNEL
NEXT WEEK RANGE 10200-10650
Nifty Bank View
Lets have look at Nifty Bank Monthly Chart
Good thing is that Bears though managed to make new low in this month but still low below wedge Trendline is not yet made. (Repeat comment)
GOING FORWARD CANDLE FORMATION MAY PLAY AN IMPORTANT ROLE. (SAID IN PREVIOUS BLOG POST)
With some adjustments we feel that this MORNING STAR formation may not give convincing BREAKOUT...!!! BUT THAT PREMATURE TO SAY ON MONTHLY CHART
Lets have look at Nifty Bank Weekly Chart
Next week being Truncated Week we are not expecting big moves...!!!
Lets have look at Nifty Bank Daily Chart
On daily chart final hope is 24240-24250 zone. (PREVIOUS BLOG SPOT COMMENT)
BUT FOR NEXT WEEK WE FEEL THAT 25900-26000 SHALL ACT AS STRONG RESISTANCE...!!!
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 26040, 25657 & 24171 Respectively.
SUPPORT & RESISTANCE LEVELS
Important levels for next week are 22980-23090-23215-23325-23445-2575-2360-23740-23810-23930-24010-24085-2450-24250-24380-24515-24680-24810-25065-25150-25220-25340-25455-25650-25775-25810-25920-25985-26070-26170-26255-26285-26325-26410-26450-26520-26615-26650-26695-26765-26900-26970-27045-27145-27230-27335-27470-27600-27640-27680-27720-27765-27790-27825-27845-27890-27940-27970-28015-28060-28130-28175-28210-28265-28320-28375 which may act as support or resistance ON DAILY CHART AS WELL AS ON INTRADAY MOVES as the case may be.
Lets have look at Nifty Bank Daily Chart
BUT FOR NEXT WEEK WE FEEL THAT 25900-26000 SHALL ACT AS STRONG RESISTANCE...!!!
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 26040, 25657 & 24171 Respectively.
SUPPORT & RESISTANCE LEVELS
Important levels for next week are 22980-23090-23215-23325-23445-2575-2360-23740-23810-23930-24010-24085-2450-24250-24380-24515-24680-24810-25065-25150-25220-25340-25455-25650-25775-25810-25920-25985-26070-26170-26255-26285-26325-26410-26450-26520-26615-26650-26695-26765-26900-26970-27045-27145-27230-27335-27470-27600-27640-27680-27720-27765-27790-27825-27845-27890-27940-27970-28015-28060-28130-28175-28210-28265-28320-28375 which may act as support or resistance ON DAILY CHART AS WELL AS ON INTRADAY MOVES as the case may be.
CONCLUSION
EXPECTED RANGE 24900-25900
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