Sep 06, 2017
Bank nifty spot rate 24279.15
Trend: Range bound 24000-24500
Hourly chart gives divergence, there is possibility bank nifty and nifty will kiss resistance zone. Mostly buy zone 24185-253 (spot rate bank nifty 24279).
Bank nifty levels:
R1 R2 R3 R4 R5 R6 R7
24323 24365 24434 24503 24545 24614 24726
S1 S2 S3 S4 S5 S6 S7
24185 24142 24074 24005 23962 23893 23782
Bank nifty Fut:
R1 R2 R3 R4 R5 R6 R7
24343 24379 24437 24496 24532 24590 24684
S1 S2 S3 S4 S5 S6 S7
24226 24190 24132 24074 24038 23980 23885
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Banknifty option weekly expiry Sep 07, 2017:
24400 call (mostly buy price 15-8) ** Find Next weekly series if uncomfortable**
R1 R2 R3 R4
39 47 59 70
S1 S2 S3 S4
15 8 4 1
Note: Avoid put option,the trend is up so the price will zero and alert for profit book use stop loss level-wise or as per you, don't take risks, after down it will zero.
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Nifty Spot:
R1 R2 R3 R4 R5 R6 R7
9929 9940 9959 9978 9989 10008 10038
S1 S2 S3 S4 S5 S6 S7
9891 9880 9861 9842 9831 9812 9782
Nifty Fut:
R1 R2 R3 R4 R5 R6 R7
9950 9961 9978 9995 10006 10023 10051
S1 S2 S3 S4 S5 S6 S7
9916 9906 9889 9871 9861 9844 9816