EXPECTED RANGE FOR NIFTY & NIFTY BANK WAS 10500-11000 & 26300-27000 WHEREAS ACTUAL RANGE REMAINED BETWEEN 10534-10894 & 26408-27240 RESPECTIVELY...!!!
SO SOMEHOW WE MISSED TO ESTIMATE NIFTY BANK RANGE FOR PAST WEEK.
WE ARE GOING TO START 1st BATCH ON TECHNICAL ANALYSIS & OPTION CHAIN OF 2019 FROM 26 JANUARY 2019. WE HAVE CREATED WHATSAPP GROUP FOR TRADERS WHO ARE INTERESTED TO PARTICIPATE FOR WORKSHOP. PLEASE CLICK HERE TO JOIN.
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
SO SOMEHOW WE MISSED TO ESTIMATE NIFTY BANK RANGE FOR PAST WEEK.
WE ARE GOING TO START 1st BATCH ON TECHNICAL ANALYSIS & OPTION CHAIN OF 2019 FROM 26 JANUARY 2019. WE HAVE CREATED WHATSAPP GROUP FOR TRADERS WHO ARE INTERESTED TO PARTICIPATE FOR WORKSHOP. PLEASE CLICK HERE TO JOIN.
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
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. (Previous blog post comment)
At present we feel it makes no sense to study monthly candle.
At present we feel it makes no sense to study monthly candle.
Lets have look at Nifty Weekly Chart
Nothing conclusive can be said on this set at present. (Previous blog post comment)
Some how we feel that if bulls manage to give close above 11000 then more upmove till 11120-11150 zone can't be ruled out in next week.
10960-11000 must act as resistance (supply zone) but if that is cleared then mroe upside of 125-150 points can be ruled out.
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 10767, 10736 & 10772 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 10600-11200
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. (Previous blog post comment)
At present we feel it makes no sense to study monthly candle.
Lets have look at Nifty Bank Weekly Chart
EXPECTED RANGE 26800-27800
RECORDINGS OF OLD FREE WEBINARS CAN BE FOUND ON OUR YOUTUBE CHANNEL
NEXT WEEK RANGE 10600-11200
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. (Previous blog post comment)
At present we feel it makes no sense to study monthly candle.
Last candle being Doji candle we feel that some downside moves cant be ruled out in next week. (Previous blog post comment)
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. (Previous blog post comment)
Chart structure suggest upmove till 27500 in next week.
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 26767, 26432 & 26328 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.
27300-27400 zone and above 27500 must act as resistance for next week. At present we feel it makes no sense to study monthly candle. But if that is cleared then 27700-27800 may act as next resistance.
We already hinted possible divergence in our last daily blog post. Moves till 26500 can't be ruled out in next week. (Previous blog post comment)
Chart structure suggest upmove till 27500 in next week.
Weekly 20, 50 & 100 EMA comes at 26767, 26432 & 26328 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 26800-27800
------------------------------------------------------------------------------
------------------------------------------------------------------------------
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.