Nifty & Nifty Bank View for 01/02/2019

10650 REMAINED SAFE ON CLOSING BASIS AND BULLS MANAGED GIVE CLOSE WITH GAINS OVER 175 POINTS...!!!

NOT ONLY IN OUR WEEKLY BLOG WE HAD EXPRESSED OUR VIEW BiT DIFFERENT WAY BY STATING THAT TUESDAY'S LOW SHALL REMAIN UNTOUCHED FOR REMAINING SESSIONS OF JANUARY SERIES. 

OUR JANUARY 2019 WEEKEND ONLINE WORKSHOP ALREADY STARTED AND ABOUT 3 HOURS SESSIONS IS ALREADY CONDUCTED BUT IF YOU WANT TO JOIN THAT WORKSHOP THEN WE ARE STILL TAKING LATERAL ENTRY IN SAME. PLEASE CALL 08866145155 FOR MORE DETAILS. 

WE ARE OFFERING 3 MONTHS FREE OPTION TRADING SUPPORT ALSO IF YOU ARE OPTING FOR TECHNICAL ANALYSIS + OPTION TRADING WORKSHOP IN SAME BATCH.

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 179 points gains at 10831

Nifty Bank Closed with 470 points gains at 27295

Nifty View

Now for next trading session important Resistance & Support Levels (Spot basis) are as under:- 

Resistance zones ~  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 ~ 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

No need to review as Index closed flat.Previous blog post comment) 

NEXT SESSION BEING AN EVENT SESSION WE FEEL THAT IT WOULD BE GOOD VOLATILE SESSION

Nifty Bank View

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

27000 may act as psychological resistance for next session. (Previous blog post comment) 

NEXT SESSION BEING AN EVENT SESSION WE FEEL THAT IT WOULD BE GOOD VOLATILE SESSION

Option Chain Data Analysis

Nifty

Premature to analyse or discuss anything at present. 

Nifty Bank


Weekly Option Chain


Premature to analyse or discuss anything at present. 

Monthly Option Chain


Premature to analyse or discuss anything at present. 

Put Call Ratio Stands at 0.84 for Nifty whereas for Nifty Bank it is 0.87

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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.