IN OUR LAST BLOG POST WE HAS SAID CLEARLY THAT 11K MARK FOR NIFTY WOULD REMAIN UNTOUCHED BY FEW POINTS...!!!
TODAY BULLS MANAGED HIGH OF 10985 THUS OUR VIEW WAS RESPECTED COMPLETELY...!!!
WE HAVE ALREADY SHARED OUR WEEKLY VIEW INCASE IF YOU MISSED THAT WE REQUEST YOU TO CLICK ON CLICK HERE
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
TODAY BULLS MANAGED HIGH OF 10985 THUS OUR VIEW WAS RESPECTED COMPLETELY...!!!
WE HAVE ALREADY SHARED OUR WEEKLY VIEW INCASE IF YOU MISSED THAT WE REQUEST YOU TO CLICK ON CLICK HERE
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
Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next session.
Nifty Spot Closed with 59 points Gain at 10967
Nifty Bank Closed with 124 points Gain at 27298
Nifty View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance zones ~ 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 ~ 10940-10895-10870-10840-10815-10785-10740-10715-10690-10650-10615-10585-10555-10525-10500-10460-10380-10350-10325-10325-10295-10270-10225-10180-10140-10110-10075-10045-10005-9955
CONCLUSION
Looking at structure and moves we feel that Bulls may get few points short for 11k mark in next session or 2. (Previous blog post conclusion)
Now looking at last trading session intraday chart we feel that Some more upside till 11020-11050 cant be ruled out but now one must book profits in Nifty long positions
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Support ~ 10940-10895-10870-10840-10815-10785-10740-10715-10690-10650-10615-10585-10555-10525-10500-10460-10380-10350-10325-10325-10295-10270-10225-10180-10140-10110-10075-10045-10005-9955
Looking at structure and moves we feel that Bulls may get few points short for 11k mark in next session or 2. (Previous blog post conclusion)
Now looking at last trading session intraday chart we feel that Some more upside till 11020-11050 cant be ruled out but now one must book profits in Nifty long positions
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Resistance Zone ~ 27335-27405-27470-27600-27640-27680-27720-27790-27825-27845-27890-27940-27970-28060-28130-28175-28210-28265-28320-28375-28320-28375
Support ~ 27230-27145-27045-26970-26900-26805-26765-26695-26650-26615-26520-26450-26410-26325-26285-26255-26170-26070-26015-25985-25920-25810-25775-25650-25455-25340-25220-25065-25150-24810-24680-24515-24380-24250-24010-23810-23660-23575-23475-23445-23215-23090-22980
Conclusion
Stage is getting set for 27500+ in this week. (Previous blog post conclusion)
Expectation was 27500+ in this week and Bulls managed high of 27364 but now next session being expiry session we feel that Bulls may have to wait for 1 session atleast.
Option Chain Data
Nifty
ITM CE liquidation and ATM PE additions reflects frustrated Bears position Built-up...!!! (Previous blog post conclusion)
Good liquidation can be seen on CE front. Again huge addition reflects frustrated Bears buying PE.
Nifty Bank
Weekly Option Chain
We are expecting some consolidation with positive moves in next session. (Previous blog post conclusion)
Major addition on PE front leads to some doubt over major upside in next session.
Monthly Option Chain
Structure is not giving any clear indication.
Put Call Ratio Stands at 1.39 for Nifty whereas for Nifty Bank it is 1.27
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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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