Recents in Beach

Nifty tomorrow,bank nifty on 26 February 2020


                                                              NIFTY AND BANK NIFTY
             Nifty ,nifty bank are opened into positive note today but as yesterday candle suggest bearish of some selling pressure in Indian stock market this opening gain doesn't sustain at day close or at closing fear of CORONA VIRUS remains in global as well as Indian market as early in the morning suggest Asian market and US market also,the benchmark open at 11877.50 ,30517 & hit 11779,30329 low nifty and bank nifty respectively finally ban nifty closed on  minimum loss on just 22 point negative and nifty on 11797.90 by 31.50 in red 



NIFTY BANK TODAY   

Bank nifty made doji candle today as ICICI bank SBI bank closed on positive note today

NIFTY TODAY


NIFTY:Nifty made low exact to the i]pivot point line and taking support that tomorrow PRB breakdown level is 11780 will further fall or bounce back ,today some bounce in metal pack like TATA Steel JSW Steel,IT pack ex.TCS prevent pain in nifty 50.Where as heavyweight Reliance making Pressure to the nifty 50.

Technical data for Monday on date 26 February 2020.

1.Option chain data 


i.Option chain data (Nifty 50)



1Highest open interest call strike price12000
2Highest open interest put strike price11800

In 12000 call strike price open interest stands 5268075 contract  and on 11800 put side open interest stands 3414800 contract

ii.Option chain data (Nifty Bank)


1Highest open interest call strike price30500
2Highest open interest put strike price30500


  Nifty bank at 30500 is important levels as per option chain 30500 is highest open interest each side.


 2.Support and Resistance (as per pivot)

 i.Nifty 50

PIVOT POINT11,820.28
SUPPORT 111,757.52RESISTANCE 111,860.67
SUPPORT 211,717.13RESISTANCE 211,923.43
SUPPORT 311,654.37RESISTANCE 311,963.82
 

 ii.Nifty Bank

PIVOT POINT30,457.78
SUPPORT 130,304.87RESISTANCE 130,585.62
SUPPORT 230,177.03RESISTANCE 230,738.53
SUPPORT 330,024.12RESISTANCE 330,866.37


3.Technical indicators


 i.Nifty

1RSI39.514Sell
2MACD-51.660Sell
3ADX13.655Neutral
4STOCH88.191Overbought


 ii.Nifty Bank

1RSI42.351Sell
2MACD-2210840Sell
3ADX13.691Neutral
4STOCH95.420Overbought


4.Candlestick Pattern

i.Nifty:  Short bearish red candle
ii.Nifty Bank: Doji candle



For more detail about candlestick of all important stock please visit fno candlestick today and for support and resistance of all future and option stock click to FNO support & Resistance.


Disclaimer: This post not suggesting any tips/recommendation for any stock/index/script
  to buy or sell just posting as per technical data as per technical indicator
 suggesting,for study purpose only.







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