AGAIN BULLS & BEARS OBLIGED OUR VIEW...!!!
IN OUR LAST POST WE HAD SAID THAT WE EXPECT VOLATILE MOVES IN TODAY'S SESSION ON ACCOUNT OF ADDITION IN NEAR BY OTM NIFTY OPTIONS.
NOW TOMORROW IS LAST TRADING SESSION FOR DECEMBER SERIES, MONTH QUARTER AND YEAR...!!!
NOW LETS DISCUSS OPTIONS DATA FOR NIFTY & BANK NIFTY
IN OUR LAST POST WE HAD SAID THAT WE EXPECT VOLATILE MOVES IN TODAY'S SESSION ON ACCOUNT OF ADDITION IN NEAR BY OTM NIFTY OPTIONS.
NOW TOMORROW IS LAST TRADING SESSION FOR DECEMBER SERIES, MONTH QUARTER AND YEAR...!!!
NOW LETS DISCUSS OPTIONS DATA FOR NIFTY & BANK NIFTY
Looking at addition at 7850 PE & 7950 CE we feel Nifty shall be bit volatile again tomorrow but with moves on both side.
Next series highest OI tag remains with 7800 PE & 8200 CE. So looking at this we feel that next series range shall be between these 2 levels only.
Now if we see Bank Nifty then highest OI tag is with 16500 PE & 17000 CE. Tomorrow's range in Bank Nifty shall be 16800-17000
Next series Bank Nifty option chain gives hint to range of 15500 to 17500.
Please note this analysis may change with change in option chain.
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
Next series highest OI tag remains with 7800 PE & 8200 CE. So looking at this we feel that next series range shall be between these 2 levels only.
Now if we see Bank Nifty then highest OI tag is with 16500 PE & 17000 CE. Tomorrow's range in Bank Nifty shall be 16800-17000
Next series Bank Nifty option chain gives hint to range of 15500 to 17500.
Please note this analysis may change with change in option chain.
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
RESISTANCE LEVELS:- 7917, 7979 & 8042
SUPPORT LEVELS:- 7878 & 7815
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-
RESISTANCE LEVELS:- 16998 & 17189
SUPPORT:- 16843, 16688 & 16498
NOW LETS SEE SOME IMPOTANT NIFTY RATIO
SUPPORT:- 16843, 16688 & 16498
NOW LETS SEE SOME IMPOTANT NIFTY RATIO
PE RATIO FOR NIFTY STANDS AT 21.35
PUT CALL RATIO ON BASIS OF OI IS 1.00
FINAL CONCLUSION
NIFTY
AS DISCUSSED IN NIFTY OPTIONS DATA ANALYSIS LOOKING AT ADDITIONS MADE IN NEARBY STRIKE PRICE CE & PE AND EXPIRY WE FEEL SOME VOLATILE MOVES ARE EXPECTED IN NIFTY (WHICH MORE OR LESS CAN ALSO AFFECT BANK NIFTY TOO) (REPEAT COMMENT)
BANK NIFTY IS INCHING ON HIGHER SIDE FOR CROSSING 17000 BARRIER ON CLOSING BASIS.
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STANDARD DISLCOSURE:-
PLEASE NOTE THESE MOVES ARE AS PER CHARTS AND OPTIONS CHAIN WHICH MAY REVERSE ANYTIME. THIS POST IS FOR EDUCATION PURPOSE ONLY AND NOT TO BE CONSIDERED AS BUYING OR SELLING RECOMMENDATION. WE ARE NOT SEBI REGISTERED RESEARCH ANALYST. WE ARE NOT RESPONSIBLE FOR ANY PROFIT OR LOSS FOR ANY TRADES EXECUTED ON BASIS OF THIS POST. WHILE UTMOST CARE HAS BEEN TAKEN WHILE ANALYSING CHARTS 7 OPTIONS DATA BUT IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGISE FOR IT.
PLEASE NOTE THESE MOVES ARE AS PER CHARTS AND OPTIONS CHAIN WHICH MAY REVERSE ANYTIME. THIS POST IS FOR EDUCATION PURPOSE ONLY AND NOT TO BE CONSIDERED AS BUYING OR SELLING RECOMMENDATION. WE ARE NOT SEBI REGISTERED RESEARCH ANALYST. WE ARE NOT RESPONSIBLE FOR ANY PROFIT OR LOSS FOR ANY TRADES EXECUTED ON BASIS OF THIS POST. WHILE UTMOST CARE HAS BEEN TAKEN WHILE ANALYSING CHARTS 7 OPTIONS DATA BUT IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGISE FOR IT.
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ABOUT AUTHOR ~ MANUSH VADHER