Nifty – Bank Nifty Weekly Analysis – 10th June – 14th June 2019 – Option Chain Analysis
In this Nifty weekly analysis & Bank Nifty technical analysis & Option chain analysis video, I have discussed about Nifty Option Chain Analysis and Bank Nifty Futures Open Interest Analysis along with Price structure of Nifty and Bank Nifty. I have also discussed about GDP Data, World Economic Data and why one needs to focus on underlying Trend and not focus on these data points.
I have begun this video on Nifty & Bank Nifty by explaining Price structure of both these indices. I have mentioned that while short term is a bit uncertain, trend firmly remains up in both Nifty and Bank Nifty. I have also explained why any price action in Nifty and Bank Nifty needs to be looked at from Election 2019 Gap point of view as it Is quite possible that this Gap won’t be filled. I have pointed out that even if the Gap is filled, unless price violates structure of higher high and higher low, one should be looking to buy into Nifty and Bank Nifty.
I have also covered Economic data that was released this week (GDP And Unemployment Data). While covering Micro and Macro data, I have pointed out that while Nifty and Bank Nifty did correct due to weak Economic data, over long term this would have limited impact on our markets. Relatively India is still doing well and Investors and Traders should be looking to identify long term opportunities in Nifty Stocks, Bank Nifty Stocks and Stocks in Indian Stock Market.