Nifty & Nifty Bank View for 07/06/2018

EVERYDAY IS NOT TRADING DAY IF YOU ARE NOT FULL TRADER. THAT IS ONE OF THE REASON FROM LAST 2 DAYS WE ARE POSTING SOME WAY OR OTHER EDUCATIONAL POST IN OUR TELEGRAM CHANNEL. TODAY JUST AFTER MARKET OPENING WE HAD GIVEN CLEAR CAUTION THAT THOUGH BANK NIFTY FUTURE OPEN HIGH WAS SAME IT WAS NOT SHORTING OPPORTUNITY. 

NOT ONLY THAT WE HAD TRIED TO CLEAR THAT BY SIMPLE ANOTHER MESSAGE IN OUR TELEGRAM CHANNEL TO READ THAT MESSAGE CLICK HERE

TO KNOW AND UNDERSTAND WHEN THIS KIND OF STRATEGY WORKS AND WHEN IT IS TO BE IGNORED; JOIN OUR TECHNICAL ANALYSIS WORKSHOP WHICH WE ARE GOING TO START FROM JUNE 11, 2018 WE ARE GOING TO START FRESH WEEKDAY BATCH ON TECHNICAL ANALYSIS FOR JUST 5000/- FOR 4 MONTHS. FOR MORE DETAILS CONTACT 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM

NOT ONLY THAT IN OUR MORNING EDUCATION POST ON OUR TELEGRAM CHANNEL, FACEBOOK PAGE & TWITTER HANDLE ON BOLLINGER BAND AND WE GIOT LIVE MARKET EXAMPLE FOR THAT TODAY AFTER POLICY ANNOUNCEMENT. BELOW IS CHART FOR SAME.

WE HAVE ALREADY SHARED OUR WEEKLY VIEW THOSE WHO MISSED TO READ THAT ARE REQUESTED TO CLICK HERE TO READ IT. 

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

Nifty Spot Closed with Gains of 92 points at 10685 whereas Nifty Future (June Series) closed at 10686 (Premium of 1 point) 

Nifty Bank Closed with Loss of 7 points at 26368 whereas Bank Nifty Future (May Series) closed at 26392 (Premium of 24 Points) 

Nifty View

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

Resistance ~ 10760-10786-10830-10883-10970-11045-11000

Support ~ 10666-10596-10535-10495-10455-10400-10345-10285-10178-10235-10120-10040-9985-9910-9870-9815

Conclusion

Today's GOOD GREEN CANDLE has cleared more than 50% of losses made by bulls in last 2 sessions. (fresh view) 

FOR ENTIRE SERIES WE STILL HOLD SAME VIEW 10500 SHALL ACT AS STRONG SUPPORT. 

Nifty Bank View

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

Resistance ~ 26424-26457-26615-26760-26890-27065-27250-27400

Support ~ 26336-26135-25925-25880-25640-25775-25455-25340-25220-25150-25065-24810-24680-24650-24515-24150-24250-24380-24085-24010-23930-23810-23740

Conclusion

Today's DOJI CANDLE has not yet giving convincing come back by Bulls. for Tomorrow expiry we are not expecting any big bang move. 


FOR ENTIRE SERIES WE STILL HOLD SAME VIEW 25500 SHALL ACT AS STRONG SUPPORT. 

Option Chain Data

Nifty

Open Interest built-up can be seen on 10400 & 10500 PE OI. CE front good additions can be seen in 10600 to 11000 which can be considered planning by bulls to strike back in very soon. (Previous blog post comment) 

Only surprise is Open Interest at 10200 PE. 

Nifty Bank (Considering only monthly Option Chain)

Open Interest data suggest range for this series would be 25600-27000 (Highest OI)

Put Call Ratio Stands at 1.10 for Nifty whereas for Nifty Bank it is 0.74

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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. 

Nifty & Nifty Bank View for 06/06/2018

WHATEVER WE HAD DISCUSSED MONDAY IN OUR WORKSHOP PARTICIPANT GROUP FOR NIFTY BANK THAT HAPPENED TODAY. WE HAD EXPECTED 26000 (+/- 100 POINTS) FOR NIFTY BANK AND TODAY BEARS MANAGED TO MAKE LOW OF 24069.55 

NOT ONLY THAT TODAY WE HAD EXPRESSED OUR VIEW THAT TODAY MARKET MAY REMAIN RANGE BOUND LIKE LAST FRIDAY AND MORE OR LESS MOVES WERE LIKE THAT ONLY AND THAT IS REASON THAT WE DID NOT GAVE ANY OPTION CALL FOR TRADING. 

FROM JUNE 11, 2018 WE ARE GOING TO START FRESH WEEKDAY BATCH ON TECHNICAL ANALYSIS FOR JUST 5000/- FOR 4 MONTHS. FOR MORE DETAILS CONTACT 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM

WE HAVE ALREADY SHARED OUR WEEKLY VIEW THOSE WHO MISSED TO READ THAT ARE REQUESTED TO CLICK HERE TO READ IT. 

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

Nifty Spot Closed with Loss of 35 points at 10593 whereas Nifty Future (June Series) closed at 10596 (Premium of 3 points) 

Nifty Bank Closed with Loss of 7 points at 26251 whereas Bank Nifty Future (May Series) closed at 26257 (Premium of 6 Points) 

Nifty View

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

Resistance ~ 10596-10666-10760-10786-10830-10883-10970-11045-11000

Support ~ 10535-10495-10455-10400-10345-10285-10178-10235-10120-10040-9985-9910-9870-9815

Conclusion

Today's Doji Candle reflects tough fight between bulls and bears. Now all depends on 10500 spot Nifty which needs to be saved by Bulls for this entire series.  

Nifty Bank View

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

Resistance ~ 26336-26457-26424-26615-26760-26890-27065-27250-27400

Support ~ 26135-25925-25880-25640-25775-25455-25340-25220-25150-25065-24810-24680-24650-24515-24150-24250-24380-24085-24010-23930-23810-23740

Conclusion

Today's Doji Candle reflects tough fight between bulls and bears. Now all depends on 26000 spot Nifty Bank which needs to be saved by Bulls for this week. 

Option Chain Data

Nifty

Open Interest built-up can be seen on 10400 & 10500 PE OI. CE front good additions can be seen in 10600 to 11000 which can be considered planning by bulls to strike back in very soon.

Nifty Bank (Considering only monthly Option Chain)

Open Interest data suggest range for this series would be 25600-27000 (Highest OI)

Put Call Ratio Stands at 1.02 for Nifty whereas for Nifty Bank it is 0.71

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IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155
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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. 

Nifty & Nifty Bank View for 05/06/2018

WHATEVER BULLS TRIED TO LIFT ON LAST THURSDAY (MAY SERIES EXPIRY) BEARS MANAGED TO CARNAGE IN LAST 2 DAYS EVEN MORE. 

TODAY WE HAD GIVEN BANK NIFTY OPTION CALL ON OUR TELEGRAM CHANNEL BUT UNFORTUNATELY STOPLOSS WAS TRIGGERED WHICH WAS ON EXPECTATION ON SOME PULL BACK AFTER FIRST 45 MINS FALL. 

BUT OUR STUDENT GROUP CHITCHAT WITH STUDENT (EXPECTATION WAS TILL WEEKLY EXPIRY BUT MORE OR LESS ENTIRE MOVE WAS COMPLETED TODAY ONLY) 

FROM JUNE 11, 2018 WE ARE GOING TO START FRESH WEEKDAY BATCH ON TECHNICAL ANALYSIS FOR JUST 5000/- FOR 4 MONTHS. FOR MORE DETAILS CONTACT 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM

WE HAVE ALREADY SHARED OUR WEEKLY VIEW THOSE WHO MISSED TO READ THAT ARE REQUESTED TO CLICK HERE TO READ IT. 

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

Nifty Spot Closed with Loss  of 68 points at 10629 whereas Nifty Future (June Series) closed at 10599 (Discount of 30 points) 

Nifty Bank Closed with Loss of 435 points at 26258 whereas Bank Nifty Future (May Series) closed at 26190 (Discount of 68 Points) 

Nifty View

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

Resistance ~ 10666-10760-10786-10830-10883-10970-11045-11000

Support ~ 10596-10535-10495-10455-10400-10345-10285-10178-10235-10120-10040-9985-9910-9870-9815

Conclusion

Today's Big Red candle can be considered follow-up of Frdiay's small move now all depends on 10500 spot Nifty as strong support on closing basis. 

Nifty Bank View

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

Resistance ~ 26336-26457-26424-26615-26760-26890-27065-27250-27400

Support ~ 26135-25925-25880-25640-25775-25455-25340-25220-25150-25065-24810-24680-24650-24515-24150-24250-24380-24085-24010-23930-23810-23740

Conclusion


Today's Big Red candle can be considered follow-up of Frdiay's small move now all depends on 26000 spot Nifty Bank as strong support on closing basis. 

Option Chain Data

Nifty

Open Interest built-up can be seen on 10600 & 10200 PE OI. CE front 11000 is having huge OI which may act as strong resistance. 

Nifty Bank (Considering only monthly Option Chain)

Open Interest data suggest range for this series would be 25600-27000 (Highest OI)

Put Call Ratio Stands at 1.02 for Nifty whereas for Nifty Bank it is 0.71

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FOR LIVE MARKET UPDATE & FREE OPTION CALLS JOIN:- 

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IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155
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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. 

Nifty & Nifty Bank Weekly View for 04/06/2018 to 08/06/2018

JOIN OUR TELEGRAM CHANNEL FOR FREE TRADING CALLS (FOR EDUCATION PURPOSE ONLY) LAST WEEK CALL PERFORMANCE CAN BE CHECKED HERE

IN OUR LAST BLOG WEEKLY POST WE HAD SHARED OUR VIEW THAT WE ARE EXPECTING RANGE BETWEEN 10500-10800 FOR NIFTY AND ACTUAL RANGE REMAINED 10558-10765 WHEREAS FOR BANK NIFTY EXPECTED RANGE WAS 25600-27000 AND ACTUAL RANGE 25980-27165 SO MORE OR LESS UPPER CAPTION WAS RESPECTED BY MARKET PARTICIPANTS.

WE ARE GOING TO START ONLINE TECHNICAL ANALYSIS WEEKDAY BATCH (5TH BATCH) FROM 11/06/2018 FOR JUST 5000/- FOR 4 MONTHS WITH ONLINE/OFFLINE SUPPORT VIA TELEGRAM GROUP.  FOR MORE DETAILS CALL 08866145155 OR DROP MAIL ON NIFTY50STRIKER@GMAIL.COM

NOW LETS HAVE LOOK AT WEEKLY CLOSE FOR NIFTY & BANK NIFTY 

WEEK ON WEEK NIFTY CLOSED WITH MINOR GAIN OF 95 POINTS WHEREAS BANK NIFTY CLOSED WITH GAINS CLOSE TO 420 POINTS. 

Lets have look at Nifty Weekly Chart

Important levels for next week are 9610-9695-9750-9815-9870-9910-9985-10040-10120-10178-10235-10285-10345-10400-10455-10495-10535-10596-10666-10760-10785-10830-10885-10970-11045-11100 which may act as support or resistance ON DAILY CHART as the case may be. 

Weekly 20 & 50 EMA comes at 10188 & 10503

CONCLUSION

NOW FOR ENTIRE JUNE SERIES IF BULLS MANAGED TO SAVE 10500 ON CLOSING BASIS THEN ENTIRE SERIES RANGE WOULD BE 10500-10900.

NEXT WEEK RANGE WOULD BE 10500-10800

Nifty Bank View

Lets have look at Nifty Bank Weekly Chart

Important levels for next week are 22980-23090-23215-23325-23445-23575-23630-23740-23810-23930-24010-24085-24150-24250-24380-24515-24680-24810-25065-25150-25220-25340-25455-25650-25775-25880-25925-26135-25335-26425-26615-26760-26890-27065-27250-27400 which may act as support or resistance ON DAILY CHART as the case may be. 

Weekly 20 & 50 EMA comes at 25624 & 25505 respectively. 

CONCLUSION

NOW FOR ENTIRE JUNE SERIES IF BULLS MANAGED TO SAVE 26000 ON CLOSING BASIS THEN FOR 3 SESSIONS IN ROW THEN ONLY MORE DOWNSIDE IS EXPECTED ON UPSIDE 27300-27500 ON DAILY CLOSING WILL ACT AS STRONG HURDLE. 

FOR NEXT WEEK MORE OR LESS RANGE SHALL REMAIN 26200-27200

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IN CASE OF ANY QUERY/SUGGESTIONS READERS ARE REQUESTED TO CONTACT US NIFTY50STRIKER@GMAIL.COM OR 08866145155

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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.