Nifty & Nifty Bank View for 11/12/2018

ONCE AGAIN BEARS ATTACKED ON ACCOUNT WEAK GLOBAL CUES...!!!

WE HAVE ALREADY SHARED WEEKLY OUR VIEW ON NIFTY & NIFTY BANK WITH EXPECTED RANGE FOR BOTH THESE INDICES. INCASE IF YOU HAVE MISSED OUR BLOG POST WE REQUEST YOU TO CLICK HERE TO READ THAT POST. 

ON 22 & 23 DECEMBER 2018 WE ARE GOING TO ONLINE WORKSHOP ON OPEN INTEREST & OPTION CHAIN ANALYSIS WITH 1 MONTH ONLINE/OFFLINE SUPPORT WITH COMPLETE OPTION CHAIN DATA. WE ARE CHARGING 5000/- BUT AS EARLY BIRD OFFER WE ARE OFFERING 10% DISCOUNT TILL 17 DECEMBER 2018. INCASE IF YOU ANY HAVE QUERY PLEASE CALL US ON 08866145155 OR DROP MAIL REQUEST ON NIFTY50STRIKER@GMAIL.COM

WE HAVE ALSO CREATED WHATSAPP GROUP INCASE IF YOU ARE INTERESTED TO JOIN OUR ONLINE WORKSHOP. PLEASE CLICK HERE IF YOU WANT TO JOIN. 

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

Nifty Spot Closed with 205 points Loss at 10488

Nifty Bank Closed with 492 points Loss at 26103

Nifty View

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

Resistance zones ~  10500-10525-10555-10585-10615-10650-10690-10715-10740-10785-10815-10840-10870-10895-10940-10980-11020-11045-11070-11100-11125-11150-11170-11185-11210-11275-11235-11330-11360-11300-11385-11410-11425-11425-11435-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750

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

CONCLUSION

Clear Breakdown can be seen on chart. Next 2 demand zones are 10380-10342 & 10175-10105 should be watched closely. 

Nifty Bank View

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

Resistance Zone ~ 26170-26255-26285-26325-26410-26450-26520-26615-26650-26695-26765-26805-26900-26970-27045-27145-27230-27335-27405-27470-27600-27640-27680-27720-27790-27825-27845-27890-27940-27970-28060-28130-28175-28210-28265-28320-28375-28320-28375

Support ~ 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

Clear Breakdown can be seen in today doji candle. Next session Demand Zone 25728-25930 should be watched closely on closing basis. 

Option Chain Data

Nifty

Good liquidation can be seen in ITM PE strike prices. But good OPEN BUILT-UP can be seen in OTM PE so more downside can't be ruled out. 

Nifty Bank


Weekly Option Chain

Good liquidation can be seen in ITM PE strike prices. But good OPEN BUILT-UP can be seen in 25500 & 25000 PE so more downside can't be ruled out.  On Ce front 

Monthly Option Chain

We can see that 26000 CE though having highest OPEN INTEREST last close is above that strike price. (Repeat comment) 

Put Call Ratio Stands at 1.05 for Nifty whereas for Nifty Bank it is 1.15

--------------------------------------------------------------------------------------------------------------------------

YOUTUBE CHANNEL 

--------------------------------------------------------------------------------------------------------------------------

FOR LIVE MARKET UPDATE & FREE OPTION CALLS JOIN:- 

T.ME/NIFTY50STRIKERCHANNE_BOT

--------------------------------------------------------------------------------------------------------------------------

SOCIAL MEDIA TOUCH POINTS:-

T.ME/NIFTY50STRIKERCHANNEL_BOT

FACEBOOK.COM/NIFTY50STRIKER

TWITTER.COM/NIFTY50STRIKER

--------------------------------------------------------------------------------------------------------------------------

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

--------------------------------------------------------------------------------------------------------------------------

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.