BEARS STARTED PERFORMANCE FROM FRIDAY AND CONTINUED EVEN TODAY...!!!
BEFORE WE START OUR DAILY NIFTY & NIFTY BANK ANALYSIS WE WOULD LIKE TO REQUEST YOU TO GO THROUGH OUR WEEKLY VIEW FOR NIFTY & NIFTY BANK.
OUR JANUARY 2019 WEEKEND ONLINE WORKSHOP ALREADY STARTED AND ABOUT 3 HOURS SESSIONS IS ALREADY CONDUCTED BUT IF YOU WANT TO JOIN THAT THAT STILL WE ARE TAKING LATERAL ENTRY IN SAME. PLEASE CALL 08866145155 FOR MORE DETAILS.
1 OF OUR WORKSHOP PARTICIPANT FROM THAT BATCH HAS STARTED ANALYZING AND TRADING AS WELL...!!! BELOW IS PROOF OF HIS WORK.
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
BEFORE WE START OUR DAILY NIFTY & NIFTY BANK ANALYSIS WE WOULD LIKE TO REQUEST YOU TO GO THROUGH OUR WEEKLY VIEW FOR NIFTY & NIFTY BANK.
OUR JANUARY 2019 WEEKEND ONLINE WORKSHOP ALREADY STARTED AND ABOUT 3 HOURS SESSIONS IS ALREADY CONDUCTED BUT IF YOU WANT TO JOIN THAT THAT STILL WE ARE TAKING LATERAL ENTRY IN SAME. PLEASE CALL 08866145155 FOR MORE DETAILS.
1 OF OUR WORKSHOP PARTICIPANT FROM THAT BATCH HAS STARTED ANALYZING AND TRADING AS WELL...!!! BELOW IS PROOF OF HIS WORK.
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
Nifty Spot Closed with 119 points loss at 10662
Nifty Bank Closed with 462 points loss at 26653
Nifty View
Resistance zones ~ 10690-10715-10740-10785-10815-10840-10870-10895-10940-10980-11020-11045-11070-11100-11125-11150-11170-11185-11210-11275-11235-11330-11360-11300-11385-11410-11425-11425-11435-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750
Support ~ 10650-10615-10585-10555-10525-10500-10460-10380-10350-10325-10325-10295-10270-10225-10180-10140-10110-10075-10045-10005-9955
CONCLUSION
As expected some downside was seen in today session. We feel that some how Bulls managed to lift Nifty from lower levels but we feel that if Bears manage to close below 10800 then more downside move till 10730-10750 can't be ruled out. (Previous blog post comment)
As expected some downside was seen in today session. We feel that some how Bulls managed to lift Nifty from lower levels but we feel that if Bears manage to close below 10800 then more downside move till 10730-10750 can't be ruled out.
Nifty Bank View
Now for next trading session important Resistance & Support Levels (Spot basis) are as under:-
Support ~ 10650-10615-10585-10555-10525-10500-10460-10380-10350-10325-10325-10295-10270-10225-10180-10140-10110-10075-10045-10005-9955
As expected some downside was seen in today session. We feel that some how Bulls managed to lift Nifty from lower levels but we feel that if Bears manage to close below 10800 then more downside move till 10730-10750 can't be ruled out. (Previous blog post comment)
As expected some downside was seen in today session. We feel that some how Bulls managed to lift Nifty from lower levels but we feel that if Bears manage to close below 10800 then more downside move till 10730-10750 can't be ruled out.
Nifty Bank View
Resistance Zone ~ 26695-26765-26805-26900-26970-27045-27145-27230-27335-27405-27470-27600-27640-27680-27720-27790-27825-27845-27890-27940-27970-28060-28130-28175-28210-28265-28320-28375-28320-28375
Support ~ 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
Bit difficult but if Bears manage to make one more low till 27100 (+/- 20 points) we wont be surprised.(Previous blog post comment)
Bears managed to score century but still 10650 remained safe on closing basis. But some more downside cant be ruled out.
Option Chain Data Analysis
Nifty
Good additions PE front reflects overconfident Bears...!!!(Previous blog post comment)
Easy 100-150 points more on downside cant be ruled out.
Nifty Bank
Monthly Option Chain
Good additions PE front reflects overconfident Bears...!!! (Previous blog post comment)
Put Call Ratio Stands at 0.85 for Nifty whereas for Nifty Bank it is 0.72
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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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