NO MATTER HOW MUCH VOLATILE NIFTY & NIFTY BANK MAY BE BUT TILL NOW OUR GIVEN RANGE IS FULLY RESPECTED...!!!
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.
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 61 points Gain at 10549
Nifty Bank Closed with 61 points Gain at 26163
Nifty View
Resistance zones ~ 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 ~ 10525-10500-10460-10380-10350-10325-10325-10295-10270-10225-10180-10140-10110-10075-10045-10005-9955
CONCLUSION
Clear Breakdown can be seen on chart. Next 2 demand zones are 10380-10342 & 10175-10105 should be watched closely. (Previous blog post comment)
We can see in chart that last session high is almost same and hence that may act as resistance going forward any close above 10600-10620 (spot basis) shall lead to more upside till 10680-10700 zone in quick time.
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Support ~ 10525-10500-10460-10380-10350-10325-10325-10295-10270-10225-10180-10140-10110-10075-10045-10005-9955
Clear Breakdown can be seen on chart. Next 2 demand zones are 10380-10342 & 10175-10105 should be watched closely. (Previous blog post comment)
We can see in chart that last session high is almost same and hence that may act as resistance going forward any close above 10600-10620 (spot basis) shall lead to more upside till 10680-10700 zone in quick time.
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. (Previous blog post comment)
Clear Bullish signs are seen in today's big GREEN candle; going forward we feel that Bulls shall try to lift index till 26500 levels on or before weekly expiry. (spot basis)
Option Chain Data
Nifty
Good additions can be in different ITM & OTM CE strike prices. (Bullish biasness)
Nifty Bank
Weekly Option Chain
Good liquidation can be seen on both side of Option Chain. Perhaps Writers are trying to take benefit of high premiums.
Monthly Option Chain
Good Liquidation in 26000 & 26500 PE hints time being bottom being made.
Put Call Ratio Stands at 1.08 for Nifty whereas for Nifty Bank it is 1.06
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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.
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