ONCE AGAIN GOOD FIGHT BETWEEN BULLS & BEARS...!!!
NOW IF WE DISCUSS ABOUT LAST WEEK RANGE FOR NIFTY IT REMAINED BETWEEN 10850-10739 FOR NIFTY BANK IT WAS 27613-27382 WHEREAS OUR EXPECTED RANGE WAS 10600-11100 & 27000-28100...!!!
SO MARKET PARTICIPANTS RESPECTED OUR RANGE TO FULL EXTENT...!!!
WE ARE GOING TO START 1st WEEKENDBATCH ON TECHNICAL ANALYSIS & OPTION CHAIN OF 2019 FROM 26 JANUARY 2019 (THIS WILL BE 15th BATCH - 1st BATCH WAS STARTED IN FEBRUARY 2018). WE HAVE CREATED WHATSAPP GROUP FOR TRADERS WHO ARE INTERESTED TO PARTICIPATE FOR WORKSHOP. PLEASE CLICK HERE TO JOIN.
INCASE IF YOU WANT TO KNOW COURSE CONTENTS PLEASE CLICK ON HYPERLINKS
THIS IS BATCH WILL BE LAST BATCH IN WHICH OPTION CHAIN & OPEN INTEREST ANALYSIS SHALL BE DISCUSSED. AS WE HAVE PLANNED TO SEGREGATE TECHNICAL ANALYSIS & OPEN INTEREST WORKSHOPS.
FURTHER IMMEDIATELY AFTER JANUARY MONTH DERIVATIVE EXPIRY WE ARE GOING TO CONDUCT 2 DAYS WORKSHOP (ABOUT 8 HOURS WORKSHOP ON OPEN INTEREST & OPTION CHAIN ANALYSIS) WITH FULL 1 MONTH SUPPORT & 100% FEE RECOVERY FEATURE IF REGISTRATION IS DONE TILL 26th JANUARY 2019. IF YOU HAVE ANY QUERY FEEL FREE TO JOIN OUR WHATSAPP GROUP
NOW IF WE DISCUSS ABOUT LAST WEEK RANGE FOR NIFTY IT REMAINED BETWEEN 10850-10739 FOR NIFTY BANK IT WAS 27613-27382 WHEREAS OUR EXPECTED RANGE WAS 10600-11100 & 27000-28100...!!!
SO MARKET PARTICIPANTS RESPECTED OUR RANGE TO FULL EXTENT...!!!
WE ARE GOING TO START 1st WEEKENDBATCH ON TECHNICAL ANALYSIS & OPTION CHAIN OF 2019 FROM 26 JANUARY 2019 (THIS WILL BE 15th BATCH - 1st BATCH WAS STARTED IN FEBRUARY 2018). WE HAVE CREATED WHATSAPP GROUP FOR TRADERS WHO ARE INTERESTED TO PARTICIPATE FOR WORKSHOP. PLEASE CLICK HERE TO JOIN.
INCASE IF YOU WANT TO KNOW COURSE CONTENTS PLEASE CLICK ON HYPERLINKS
THIS IS BATCH WILL BE LAST BATCH IN WHICH OPTION CHAIN & OPEN INTEREST ANALYSIS SHALL BE DISCUSSED. AS WE HAVE PLANNED TO SEGREGATE TECHNICAL ANALYSIS & OPEN INTEREST WORKSHOPS.
FURTHER IMMEDIATELY AFTER JANUARY MONTH DERIVATIVE EXPIRY WE ARE GOING TO CONDUCT 2 DAYS WORKSHOP (ABOUT 8 HOURS WORKSHOP ON OPEN INTEREST & OPTION CHAIN ANALYSIS) WITH FULL 1 MONTH SUPPORT & 100% FEE RECOVERY FEATURE IF REGISTRATION IS DONE TILL 26th JANUARY 2019. IF YOU HAVE ANY QUERY FEEL FREE TO JOIN OUR WHATSAPP GROUP
NOW LETS HAVE LOOK AT WEEKLY CLOSE FOR NIFTY & BANK NIFTY
NIFTY VIEW
Lets have look at Nifty Monthly Chart
Previous month low of 10333.85 shall be key level for this entire series. (Previous blog post comment)
Previous month low of 10333.85 shall be key level for this entire series.(We still hold same view)
Lets have look at Nifty Weekly Chart
Previous week low of 10534.55 shall be come key for this entire series. (We are not expecting this to level to get retouched in week or series as whole) (Previous blog post comment)
Close below 10620-10630 zone may lead to more fall till 10500 levels in quick time.
Lets have look at Nifty Daily Chart
We had expected Pattern formation and it was obliged fully. Now next week is important for breakout or breakdown.
Pattern target incase of breakout (upside) 11280-11300 zone (conservative) whereas for breakdown (downside) 10280-10300 (conservative) BUT WE FEEL THAT BEARS MAY NOT BE ABLE TO GIVE CLOSE BELOW 10450
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 10770, 10664 & 10227 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 10450-10900
Nifty Bank View
Lets have look at Nifty Bank Monthly Chart
Not expecting previous monthly low to be retouched again in this calendar quarter (Previous blog post comment)
Not expecting previous monthly low to be retouched again in this calendar quarter. (We still hold same view)
FURTHER ARE EXPECTING NEW LIFE HIGH FOR NIFTY BANK IN THIS CALENDAR QUARTER.
Lets have look at Nifty Bank Weekly Chart
EXPECTED RANGE 26800-27900
RECORDINGS OF OLD FREE WEBINARS CAN BE FOUND ON OUR YOUTUBE CHANNEL
NEXT WEEK RANGE 10450-10900
Nifty Bank View
Lets have look at Nifty Bank Monthly Chart
Not expecting previous monthly low to be retouched again in this calendar quarter (Previous blog post comment)
Not expecting previous monthly low to be retouched again in this calendar quarter. (We still hold same view)
FURTHER ARE EXPECTING NEW LIFE HIGH FOR NIFTY BANK IN THIS CALENDAR QUARTER.
Not expecting sub 27000 levels in next week. (Previous blog post comment)
Lets have look at Nifty Bank Daily Chart
Past week low of 26926 shall remain safe for next week. (Previous blog post comment)
Past week high may remain untouched next week.
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 26539, 26017 & 24633 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.
Some change has been made in Wedge formation. We are not expecting 27800+ levels in next week.
Past week high may remain untouched next week.
IMPORTANT MOVING AVERAGES
Weekly 20, 50 & 100 EMA comes at 26539, 26017 & 24633 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 26800-27900
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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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