Nifty & Nifty Bank View for 21/02/2019

BEARS RESPECTED DEMAND ZONE AND THAT ENDED UP WITH 100+ FOR NIFTY & 250+ FOR NIFTY BANK...!!!

AT PRESENT MOVES IN NIFTY & NIFTY BANK ARE IN LINE TO OUR WEEKLY VIEW 

Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next session.

Nifty Spot Closed with 131 points Gains at 10735

Nifty Bank Closed with 271 points Gain at 26955

Nifty View

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

Resistance zones ~  10740-10785-10815-10870-10840-10895-10940-10980-11020-11045-11070-11100-11125-11150-11170-11185-11210-11275-11235-11330-11360-11300-11385-11410-11425-11425-11435-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750

Support ~ 10715-10690-10650-10615-10585-10555-10525-10500-10460-10380-10350-10325-10325-10295-10270-10225-10180-10140-10110-10075-10045-10005-9955

CONCLUSION

Old Demand Zone may not work looking at Bear strength we feel next demand zone 10635-10535 may act as pause in this one sided down move. Below that 10350-10335 may act as strong support. (Previous daily blog post comment) 

Looking at charts structure it is very much clear that weekly bottom is made. 

Nifty Bank View

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

Resistance Zone ~ 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 ~ 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

Still demand zone is far and untouched so we feel that more downside move is must before weekly expiry. (Previous daily blog post comment) 

Looking at charts structure it is very much clear that weekly bottom is made though demand zone remained untouched. 

Option Chain Data Analysis

Nifty

Weekly Option Chain

PE writers were forced top have back up by taking OTM PE positions.(Previous daily blog post comment) 

Expiry shall be above 10700 except any drama. 

Monthly Option Chain

10700 CE additions reflects Bulls frustration. (Previous daily blog post comment) 

Trapped retail CE buyers got good opportunity to exit. 

Nifty Bank


Weekly Option Chain

26500 PE must act strong support below that 26200 may come very fast. (Previous daily blog post comment) 

Expiry shall be above 26800 except any drama. 

Monthly Option Chain

Bears are targeting 26000 in this expiry. (Previous daily blog post comment) 

Good built-up can be seen on both sides. 

Put Call Ratio 

Weekly 
Stands at 1.01 for Nifty whereas for Nifty Bank it is 1.19

Monthly Weekly 

Stands at 1.03 for Nifty whereas for Nifty Bank it is 1.24

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YOUTUBE CHANNEL 

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FOR LIVE MARKET UPDATE & FREE OPTION CALLS JOIN:- 

http://t.me/optionstriker

--------------------------------------------------------------------------------------------------------------------------

SOCIAL MEDIA TOUCH POINTS:-

http://t.me/optionstriker

FACEBOOK.COM/NIFTY50STRIKER

TWITTER.COM/NIFTY50STRIKER

--------------------------------------------------------------------------------------------------------------------------

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. 

Nifty & Nifty Bank View for 20/02/2019

BEARS WENT FOR SOME BREAK AND EVERYONE ON STREET WAS OVER EXCITED...!!!

LOGICAL REASON FOR EARLY MORNING BOUNCE WAS NOTHING ELSE BUT DIVERGENCE ON SMALLER TIMEFRAME WHICH WE HAD DISCUSSED WITH OUR WORKSHOP PARTICIPANTS AFTER MARKET OPENING TODAY. LETS TRY TO SEE THAT CHART 

BUT AFTER THAT AGAIN DIVERGENCE WAS FORMED

AT PRESENT MOVES IN NIFTY & NIFTY BANK ARE IN LINE TO OUR WEEKLY VIEW BUT WE MAY HAVE TO REVISE THIS.

Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next session.

Nifty Spot Closed with 36 points Loss at 10604

Nifty Bank Closed with 31 points Gain at 26684

Nifty View

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

Resistance zones ~  10615-10650-10690-10715-10740-10785-10815-10870-10840-10895-10940-10980-11020-11045-11070-11100-11125-11150-11170-11185-11210-11275-11235-11330-11360-11300-11385-11410-11425-11425-11435-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750

Support ~ 10585-10555-10525-10500-10460-10380-10350-10325-10325-10295-10270-10225-10180-10140-10110-10075-10045-10005-9955

CONCLUSION

Still lower end of this wedge formation is untouched which leads to doubt over reversal for upside but we feel that Bears shall have last chance tomorrow to do needful. (Previous daily blog post comment) 

Old Demand Zone may not work looking at Bear strength we feel next demand zone 10635-10535 may act as pause in this one sided down move. Below that 10350-10335 may act as strong support. 

Nifty Bank View

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

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

Still demand zone is far but we feel with yesterday and today low almost near we feel that Bulls may strike back very soon. (Previous daily blog post comment) 

Still demand zone is far and untouched so we feel that more downside move is must before weekly expiry. 

Option Chain Data Analysis

Nifty

Weekly Option Chain

Interesting additions can be seen in 10600, 10700 & 10800 PE which is offset by huge additions on 10800, 10900 & 11000 CE (Previous daily blog post comment) 

Huge open interest can be seen at 10700 PE but looking at today's downside move; we feel that some panic in 10700 PE writer camp cant ruled out. (Previous daily blog post comment) 

PE writers were forced top have back up by taking OTM PE positions.

Monthly Option Chain

At last change which we were expecting from last 2-3 sessions took place today. 10700 PE gained highest OI tag...!!! (Previous daily blog post comment) 

Some more downside cant be ruled out. (Previous daily blog post comment) 

10700 CE additions reflects Bulls frustration. 

Nifty Bank


Weekly Option Chain

26700-26800 PE OI reflects limited downside but still next session being expiry session we feel that this data may not reflect true picture. (Previous blog post comment) (Expiry over) 

Huge additions can be seen which reflects buyer's interest. (Previous daily blog post comment) 

26500 PE must act strong support below that 26200 may come very fast. 

Monthly Option Chain

Close below 2 top most highest OI on PE front is bit surprising. (Previous blog post comment) 

OTM PE additions reflects some panic in writers camp. (Previous daily blog post comment) 

Bears are targeting 26000 in this expiry. 

Put Call Ratio 

Weekly 
Stands at 0.43 for Nifty whereas for Nifty Bank it is 0.72

Monthly Weekly 

Stands at 1.00 for Nifty whereas for Nifty Bank it is 1.28

--------------------------------------------------------------------------------------------------------------------------

YOUTUBE CHANNEL 

--------------------------------------------------------------------------------------------------------------------------

FOR LIVE MARKET UPDATE & FREE OPTION CALLS JOIN:- 

http://t.me/optionstriker

--------------------------------------------------------------------------------------------------------------------------

SOCIAL MEDIA TOUCH POINTS:-

http://t.me/optionstriker

FACEBOOK.COM/NIFTY50STRIKER

TWITTER.COM/NIFTY50STRIKER

--------------------------------------------------------------------------------------------------------------------------

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. 

Nifty & Nifty Bank View for 19/02/2019

SEEMS BEARS ARE STILL NOT IN MOOD TO GIVE UP...!!!

AT PRESENT MOVES IN NIFTY & NIFTY BANK ARE IN LINE TO OUR WEEKLY VIEW BUT WE MAY HAVE TO REVISE THIS. 

Anyway lets move further and Analyse what could be road ahead for Nifty & Nifty Bank for next session.

Nifty Spot Closed with 83 points Loss at 10641

Nifty Bank Closed with 140 points Loss at 26654

Nifty View

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

Resistance zones ~  10650-10690-10715-10740-10785-10815-10870-10840-10895-10940-10980-11020-11045-11070-11100-11125-11150-11170-11185-11210-11275-11235-11330-11360-11300-11385-11410-11425-11425-11435-11470-11495-11525-11550-11565-11585-11605-11620-11655-11690-11710-11725-11735-11750

Support ~ 10615-10585-10555-10525-10500-10460-10380-10350-10325-10325-10295-10270-10225-10180-10140-10110-10075-10045-10005-9955

CONCLUSION

Still lower end of this wedge formation is untouched which leads to doubt over reversal for upside but we feel that Bears shall have last chance tomorrow to do needful. (Previous daily blog post comment) 

Though today's candle is within demand zone but somehow we feel that more pain on downside cant be ruled out. 

Nifty Bank View

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

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

Still demand zone is far but we feel with yesterday and today low almost near we feel that Bulls may strike back very soon. (Previous daily blog post comment) 

Still demand zone is far and untouched so we feel that more side cant be ruled out. 

Option Chain Data Analysis

Nifty

Weekly Option Chain

Interesting additions can be seen in 10600, 10700 & 10800 PE which is offset by huge additions on 10800, 10900 & 11000 CE (Previous daily blog post comment) 

Huge open interest can be seen at 10700 PE but looking at today's downside move; we feel that some panic in 10700 PE writer camp cant ruled out. 

Monthly Option Chain

At last change which we were expecting from last 2-3 sessions took place today. 10700 PE gained highest OI tag...!!! (Previous daily blog post comment) 

Some more downside cant be ruled out. 

Nifty Bank


Weekly Option Chain

26700-26800 PE OI reflects limited downside but still next session being expiry session we feel that this data may not reflect true picture. (Previous blog post comment) (Expiry over) 

Huge additions can be seen which reflects buyer's interest. 

Monthly Option Chain

Close below 2 top most highest OI on PE front is bit surprising. (Previous blog post comment) 

OTM PE additions reflects some panic in writers camp. 

Put Call Ratio 

Weekly 
Stands at 0.43 for Nifty whereas for Nifty Bank it is 0.72

Monthly Weekly 

Stands at 1.00 for Nifty whereas for Nifty Bank it is 1.28

--------------------------------------------------------------------------------------------------------------------------

YOUTUBE CHANNEL 

--------------------------------------------------------------------------------------------------------------------------

FOR LIVE MARKET UPDATE & FREE OPTION CALLS JOIN:- 

http://t.me/optionstriker

--------------------------------------------------------------------------------------------------------------------------

SOCIAL MEDIA TOUCH POINTS:-

http://t.me/optionstriker

FACEBOOK.COM/NIFTY50STRIKER

TWITTER.COM/NIFTY50STRIKER

--------------------------------------------------------------------------------------------------------------------------

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.