Nifty & Nifty Bank View for 13/02/2019

IN OUR LAST BLOG POST WE HAD EXPRESSED OUR VIEW THAT WE ARE EXPECTING NIFTY  AROUND 10800 (+/- 20 POINTS) WHEREAS FOR NIFTY BANK OUR EXPECTATION WAS 27000 (+/- 100 POINTS)

ACTUAL LOW FOR NIFTY & NIFTY BANK ARE 10824 & 26989...!!! THAT IS BEAUTY OF COMBO STUDY IF OPTION CHAIN & CHARTS...!!!

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 55 points Loss at 10831

Nifty Bank Closed with 218 points Loss at 27010

Nifty View

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

Resistance zones ~  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 ~ 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

Perfect Rising wedge formation can be seen. Downside move till 10700 levels can be expected as per this structure. (Previous blog post comment) 

No Need to review again. 

Nifty Bank View

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

Resistance Zone ~ 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 ~ 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

Though with doji candles downside move can be seen. 27000 (+/50 points) level can be seen before this weekly expiry. (Previous blog post comment) 

No Need to review again

Option Chain Data Analysis

Nifty

Weekly Option Chain

Being 1st day of newly launched weekly contract we can see that huge additions on both side of Option chain.  Now going forward we feel that 10800 (+/20 points) can be seen on or before this weekly expiry. (Previous blog post comment) 

10800 PE came to aid of Bulls today (Highest OI acted as support) . For next session some more built-up may take place. 

Monthly Option Chain

Mammoth liquidation leads to some doubt over major downside in ext 2 sessions but still huge OI can be seen at 10400. BUT WE ARE NOT EXPECTING THIS LEVEL IN THIS SERIES EXCEPT ANY DRAMA. (Previous blog post comment) 

Good liquidation can be seen on PE front. 

Nifty Bank


Weekly Option Chain

More downside is expected as per current structure.  (Previous blog post comment) 

As per this structure now downside is limited. 

Monthly Option Chain

Again good additions in 27500 indicates more downside in this weekly expiry. (Previous blog post comment) 


As per this structure now downside is limited. 

Put Call Ratio 

Weekly 
Stands at 0.57 for Nifty whereas for Nifty Bank it is 0.62

Monthly Weekly 

Stands at 1.20 for Nifty whereas for Nifty Bank it is 1.49

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

YOUTUBE CHANNEL 

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

FOR LIVE MARKET UPDATE & FREE OPTION CALLS JOIN:- 

T.ME/NIFTY50STRIKERCHANNEL_BOT

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

SOCIAL MEDIA TOUCH POINTS:-

T.ME/NIFTY50STRIKERCHANNEL_BOT

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.