ATLAST GAP FILLED BUT RISING WEDGE ACTED AS RESISTANCE...!!!
SEEMS LIKE LAST DECEMBER 2017 AGAIN BULLS ARE PREPARING FOR SOME BIG MOVE POST EVENT...!!!
BEFORE WE MOVE FURTHER WE WOULD LIKE UPDATE YOU ALL THAT CURRENT NIFTY OPTION CHAIN IS MORE THAN 18 MONTHS OLD...!!!
OUR EXPECTED RANGE FOR NIFTY & NIFTY BANK WAS 10300-10700 & 25400-26400 AND IN ACTUAL MOVES REMAINED BETWEEN 10489-10922 FOR NIFTY AND FOR NIFTY BANK IT REMAINED BETWEEN 26025-27013...!!! SO OUR VIEW FAILED...!!!
Batches are going to start from 9 (weekend) & 10 (weekday) December 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 our Twitter handle
SEEMS LIKE LAST DECEMBER 2017 AGAIN BULLS ARE PREPARING FOR SOME BIG MOVE POST EVENT...!!!
BEFORE WE MOVE FURTHER WE WOULD LIKE UPDATE YOU ALL THAT CURRENT NIFTY OPTION CHAIN IS MORE THAN 18 MONTHS OLD...!!!
OUR EXPECTED RANGE FOR NIFTY & NIFTY BANK WAS 10300-10700 & 25400-26400 AND IN ACTUAL MOVES REMAINED BETWEEN 10489-10922 FOR NIFTY AND FOR NIFTY BANK IT REMAINED BETWEEN 26025-27013...!!! SO OUR VIEW FAILED...!!!
We are going to start last 2 batches of this calendar year and with old fee structure of 7500/- for 4 months (Technical Analysis) 15000/- for 6 months (Technical Analysis + Option Trading) We are offering 10% discount of both workshops till 5th December 2018 from next calendar year we are going to revise our fee structure. If you are interested learn please call 08866145155 or drop mail on nifty50striker@gmail.com
Alternatively you can join our WhatsApp Group (Created for purpose of Workshop only) To join group please click on this link https://goo.gl/Rq2nAw
Batches are going to start from 9 (weekend) & 10 (weekday) December 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 our Twitter handle
NOW LETS HAVE LOOK AT WEEKLY CLOSE FOR NIFTY & BANK NIFTY
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 is that now candle is good green candle as we can expect some more upmoves in December month.
Lets have look at Nifty Weekly Chart
Weekly chart suggests more upside till 12000 (with leverage of 50 points) in this calendar year. (Repeat comment) (SEEMS DIFFICULT NOW)
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...!!! (Repeat comment)
At present we can see that Bulls are facing problem to manage close above 10600 on weekly close...!!! (Repeat comment)
NOW FOR NEXT WEEK WE FEEL THAT BULLS MUST COME BACK ELSE BEARS MAY GIVE SOME BIG PAIN IN NOVEMBER SERIES EXPIRY...!!! (Previous blog post comment )
GOOD CANDLE BODY CAN BE SEEN BUT GIVEN SERIES OF EVENT IN THIS CALENDAR MONTH WE FEEL SOME TIGHT RANGE BUT BIT VOLATILE MOVES CANT BE RULED OUT.
GOOD CANDLE BODY CAN BE SEEN BUT GIVEN SERIES OF EVENT IN THIS CALENDAR MONTH WE FEEL SOME TIGHT RANGE BUT BIT VOLATILE MOVES CANT BE RULED OUT.
Lets have look at Nifty Daily Chart
We can see that falling expanding formation has taking place so going forward Bulls need to clear 10600-10620 zone with good green candle and volume can only lead t more upside till 10700 or even higher levels.
We can see in above chart there is rising expanding wedge formation has taken place but it will be pre-mature to expect any breakout or breakdown...!!! (PREVIOUS BLOG POST COMMENT)
PAST WEEK HIGH MAY ACT AS RESISTANCE IN NEXT WEEK AS WHOLE.
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 10766, 10634 & 10158 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 10500-11000
Nifty Bank View
Lets have look at Nifty Bank Monthly Chart
NO FURTHER ANALYSIS IS REQUIRED AT PRESENT. (REPEAT COMMENT)
EXPECTED RANGE 25900-27200
RECORDINGS OF OLD FREE WEBINARS CAN BE FOUND ON OUR YOUTUBE CHANNEL
NEXT WEEK RANGE 10500-11000
Nifty Bank View
Lets have look at Nifty Bank Monthly Chart
GOING FORWARD CANDLE FORMATION MAY PLAY AN IMPORTANT ROLE. (REPEAT COMMENT)
With some adjustments we feel that this MORNING STAR formation may not give convincing BREAKOUT...!!! BUT THAT PREMATURE TO SAY ON MONTHLY CHART (REPEAT COMMENT)
NO FURTHER ANALYSIS IS REQUIRED AT PRESENT. (REPEAT COMMENT)
GOOD CANDLE BODY CAN BE SEEN AND WE CAN SEE THAT MORNING STAR FORMATION HAS TAKEN PLACE.
Lets have look at Nifty Bank Weekly Chart
We can see that Bears manage to form Dark cloud cover on Weekly chart...!!! (Previous blog post comment)
GOOD GREEN CANDLE CAN BE SEEN BUT SOME HOW WE CAN SEE THAT 27200 MUST ACT AS RESISTANCE.
Lets have look at Nifty Bank Daily Chart
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 226113, 25743 & 24329 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.
At Present seems Bulls are getting bit weak...!!!(Previous blog post comment)
27000-27100 MUST ACT AS RESISTANCE ZONE IN NEXT WEEK...!!!
Weekly 20, 50 & 100 EMA comes at 226113, 25743 & 24329 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 25900-27200
------------------------------------------------------------------------------
------------------------------------------------------------------------------
FOR LIVE MARKET UPDATE JOIN:-
------------------------------------------------------------------------------
SOCIAL MEDIA CONNECTION POINTS :-
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.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.