Nifty & Nifty Bank View for 01/01/2019

NIFTY & NIFTY BANK WERE STRUCK IN RIGHT RANGE WITH LOW VOLUMES AND SAME MAY CONTINUE IN NEXT SESSION AS WELL ON ACCOUNT OF HOLIDAYS...!!!

FROM 26 JANUARY 2019 WE ARE GOING START ONLINE WORKSHOP TECHNICAL ANALYSIS & OPTION AND/OR TRADING (WEEKEND BATCH)

WE ARE CHARGING 10000/- FOR 4 MONTHS BUT AS EARLY BIRD OFFER WE ARE OFFERING 25% DISCOUNT TILL 31 DECEMBER 2018. 

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

Nifty Spot Closed with 3 points Gains at 10863

Nifty Bank Closed with 35 points Gains at 27160

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

Looking at chart structure and fibo tool we feel that Bulls may face some problem in clearing 10800-10820 zone in next session. (Previous blog spot view)

10800-10820 is strong support zone for next session. 

Nifty Bank View

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

Resistance Zone ~ 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 ~ 26805-26765-26695-26650-26615-26520-26450-26410-26325-26285-26255-26170-26070-26015-25985-25920-25810-25775-25650-25455-25340-25220-25065-25150-24810-24680-24515-24380-24250-24010-23810-23660-23575-23475-23445-23215-23090-22980

Conclusion

With some adjustment again Dark cloud cover candle can be seen on Chart which cam be interpreted as today's high shall act as resistance for next session. (Previous blog spot view)

27000-27100 is going to be strong support zone for next session. 

Option Chain Data

Nifty

Bit premature to conclude any thing at present but 11000 PE Open Interest is quite surprising.  (Repeat comment) 

But somehow we feel that Bulls shall make their presence felt in this series and every dip will be buying opportunity in this series till 10700 level spot basis. 

Nifty Bank


Weekly Option Chain

One more fall till 26500 or lower levels is pending before weekly expiry. (Previous blog post comment) 

Seems Bulls may try their best to touch 27400 in weekly series. 

Monthly Option Chain

Bit premature to conclude any thing at present but 27500 PE Open Interest is quite surprising. (Previous blog post comment) 

Too much scattered data to conclude anything. 

Put Call Ratio Stands at 1.26 for Nifty whereas for Nifty Bank it is 1.22

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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. 

Nifty & Nifty Bank Weekly View for 31/12/2018 to 04/01/2019

EXPECTED RANGE FOR NIFTY & NIFTY BANK WAS 10500-11000 & 26300-27000 WHEREAS ACTUAL RANGE REMAINED BETWEEN 10534-10894 & 26408-27240 RESPECTIVELY...!!!

SO SOMEHOW WE MISSED TO ESTIMATE NIFTY BANK RANGE FOR PAST WEEK.

WE ARE GOING TO START 1st BATCH ON TECHNICAL ANALYSIS & OPTION CHAIN OF 2019 FROM 26 JANUARY 2019. WE HAVE CREATED WHATSAPP GROUP FOR TRADERS WHO ARE INTERESTED TO PARTICIPATE FOR WORKSHOP. PLEASE CLICK HERE TO JOIN.

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NOW LETS HAVE LOOK AT WEEKLY CLOSE FOR NIFTY & BANK NIFTY 

NIFTY VIEW

Lets have look at Nifty Monthly Chart

Next week will be last week for complete formation of monthly candle. As long as current candle low is safe we feel that new life high in 1st quarter next CY can't be ruled out. (Previous blog post comment)

At present we feel it makes no sense to study monthly candle. 

Lets have look at Nifty Weekly Chart

Nothing conclusive can be said on this set at present. (Previous blog post comment)

Some how we feel that if bulls manage to give close above 11000 then more upmove till 11120-11150 zone can't be ruled out in next week. 

Lets have look at Nifty Daily Chart

We already hinted possible divergence in our last daily blog post. After market closed have already updated updated view on this divergence structure.  Please click here to check that post. (Previous blog post comment)

10960-11000 must act as resistance (supply zone) but if that is cleared then mroe upside of 125-150 points can be ruled out. 

IMPORTANT MOVING AVERAGES 

Weekly 20, 50 & 100 EMA comes at 10767, 10736 & 10772 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 10600-11200

Nifty Bank View

Lets have look at Nifty Bank Monthly Chart

Next week will be last week for complete formation of monthly candle. As long as current candle low is safe we feel that new life high in 1st quarter next CY can't be ruled out. (Previous blog post comment)

At present we feel it makes no sense to study monthly candle. 

Lets have look at Nifty Bank Weekly Chart

Last candle being Doji candle we feel that some downside moves cant be ruled out in next week. (Previous blog post comment)

27300-27400 zone and above 27500 must act as resistance for next week. At present we feel it makes no sense to study monthly candle. But if that is cleared then 27700-27800 may act as next resistance. 

Lets have look at Nifty Bank Daily Chart

We already hinted possible divergence in our last daily blog post. Moves till 26500 can't be ruled out in next week. (Previous blog post comment)

Chart structure suggest upmove till 27500 in next week. 

IMPORTANT MOVING AVERAGES

Weekly 20, 50 & 100 EMA comes at 26767, 26432 & 26328 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 26800-27800

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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. 

Nifty & Nifty Bank View for 28/12/2018

BEFORE WE SAY ANYTHING WE WOULD REQUEST INDIAN MARKET TRADERS THAT IF YOU ARE TRADING IN INDIAN MARKET PLEASE FOCUS/STUDY/UNDERSTAND SAME NO NEED TO STUDY GLOBAL MARKETS...!!!

WE ARE SOME HOW CORRELATED TO GLOBAL FINANCIAL MARKETS BUT NOT FULLY...!!!

ON 29 & 30 DECEMBER 2018 WE ARE GOING TO CONDUCT ONLINE WORKSHOP ON OPEN INTEREST & OPTION CHAIN ANALYSIS WITH 1 MONTH ONLINE/OFFLINE SUPPORT WITH COMPLETE OPTION CHAIN DATA. WE ARE CHARGING 5000/- INCASE IF YOU ANY HAVE QUERY PLEASE CALL US ON 08866145155 OR DROP MAIL REQUEST ON NIFTY50STRIKER@GMAIL.COM

FROM 26 JANUARY 2019 WE ARE GOING START ONLINE WORKSHOP TECHNICAL ANALYSIS & OPTION AND/OR TRADING (WEEKEND BATCH)

WE ARE CHARGING 10000/- FOR 4 MONTHS BUT AS EARLY BIRD OFFER WE ARE OFFERING 25% DISCOUNT TILL 31 DECEMBER 2018. INCASE IF YOU ANY HAVE QUERY PLEASE CALL US ON 08866145155 OR DROP MAIL REQUEST ON NIFTY50STRIKER@GMAIL.COM OR IF YOU WISH YOU CAN JOIN OUR WHATSAPP GROUP (CREATED FOR WORKSHOP PURPOSE ONLY)

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

Nifty Spot Closed with 50 points Gains at 10780

Nifty Bank Closed with 108 points Loss at 26878

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

Next session being expiry we feel that some volatile moves cant be ruled out. Further looking at moves in last 3-4 sessions it makes no sense to share any level for expiry. (Previous blog spot view)

Looking at chart structure and fibo tool we feel that Bulls may face some problem in clearing 10800-10820 zone in next session. 

Nifty Bank View

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

Resistance Zone ~ 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 ~ 26805-26765-26695-26650-26615-26520-26450-26410-26325-26285-26255-26170-26070-26015-25985-25920-25810-25775-25650-25455-25340-25220-25065-25150-24810-24680-24515-24380-24250-24010-23810-23660-23575-23475-23445-23215-23090-22980

Conclusion

Next session being expiry we feel that some volatile moves cant be ruled out. Further looking at moves in last 3-4 sessions it makes no sense to share any level for expiry. (Previous blog spot view)

With some adjustment again Dark cloud cover candle can be seen on Chart which cam be interpreted as today's high shall act as resistance for next session. 

Option Chain Data

Nifty

Bit premature to conclude any thing at present but 11000 PE Open Interest is quite surprising.  

Nifty Bank


Weekly Option Chain

One more fall till 26500 or lower levels is pending before weekly expiry. 

Monthly Option Chain

Bit premature to conclude any thing at present but 27500 PE Open Interest is quite surprising.  

Put Call Ratio Stands at 1.26 for Nifty whereas for Nifty Bank it is 1.32

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IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155

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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.