WHETHER MARKET IS IN CONSOLIDATION MODE OR TRENDING MARKET OR VOLATILE OUR GIVEN RANGE ONCE AGAIN GOT RESPECTED TO LARGER EXTENT.
INFACT OUR DAILY BLOG POSTS ALSO PROVED ITS WORTH TO EXIT ON LONG POSITIONS...!!!
OUR EXPECTED RANGE FOR NIFTY & NIFTY BANK WAS 10500-11100 & 26200-27300 AND IN ACTUAL MOVES REMAINED BETWEEN 10738-10985 FOR NIFTY WHEREAS NIFTY BANK MOVES REMAINED BETWEEN 26823-27369...!!!
ON ACCOUNT OF GOOD MOVES ON BOTH SIDE WE HAVE POSTPONED OUR OI-OC ANALYSIS ONLINE WORKSHOP TO NEXT WEEKEND SO THAT ENTIRE DECEMBER SERIES OPTION CHAIN ANALYSIS CAN BE DISCUSSED IN DETAIL ON SIMPLE JAPANESE CANDLESTICK CHART. CALL 08866145155 TO TAKE LATERAL ENTRY IN SAID WORKSHOP.
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
INFACT OUR DAILY BLOG POSTS ALSO PROVED ITS WORTH TO EXIT ON LONG POSITIONS...!!!
OUR EXPECTED RANGE FOR NIFTY & NIFTY BANK WAS 10500-11100 & 26200-27300 AND IN ACTUAL MOVES REMAINED BETWEEN 10738-10985 FOR NIFTY WHEREAS NIFTY BANK MOVES REMAINED BETWEEN 26823-27369...!!!
ON ACCOUNT OF GOOD MOVES ON BOTH SIDE WE HAVE POSTPONED OUR OI-OC ANALYSIS ONLINE WORKSHOP TO NEXT WEEKEND SO THAT ENTIRE DECEMBER SERIES OPTION CHAIN ANALYSIS CAN BE DISCUSSED IN DETAIL ON SIMPLE JAPANESE CANDLESTICK CHART. CALL 08866145155 TO TAKE LATERAL ENTRY IN SAID WORKSHOP.
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
Premature to predict or expect but current candle is not in favour of Bulls (Previous blog post comment)
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.
Lets have look at Nifty Weekly Chart
Good green candle can be seen which is Piercing Candle reversal signal. But somehow due to news event flow in past week we feel this candle may not help Bulls to certain extent. (Previous blog post comment)
Nothing conclusive can be said on this set at present.
Lets have look at Nifty Daily Chart
Nothing conclusive can be said on this set at present.
% reversal move of previous swing is expected but problem is over excited Bulls...!!!(Previous blog post comment)
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.
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 10763, 10647 & 10192 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
Doji candles says it all (Previous blog post comment)
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.
Lets have look at Nifty Bank Weekly Chart
EXPECTED RANGE 26300-27000
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
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.
Lets have look at Nifty Bank Weekly Chart
Good Green candle body but problem is falling trendline resistance.(Previous blog post comment)
Last candle being Doji candle we feel that some downside moves cant be ruled out in next week.
Lets have look at Nifty Bank Daily Chart
2 back to back doji candles & probable 100% reversal move of previuos swing move leads to doubt over more upside. (Previous blog post comment)
We already hinted possible divergence in our last daily blog post. Moves till 26500 can't be ruled out in next week.
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 26283, 25859 & 24471 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.
Last candle being Doji candle we feel that some downside moves cant be ruled out in next week.
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.
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 26283, 25859 & 24471 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 26300-27000
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