NIFTY & BANK NIFTY VIEW FOR 03/11/2016

AS EXPECTED SPOT NIFTY TOOK SUPPORT NEAR TO 100 DEMA AND ALSO NEAR TO HIGHEST PE OI.

NOW AGAIN BULLS MANAGED TO LIFT NIFTY FROM 8500 LEVELS BUT AGAIN NEXT 2-3 SESSIONS ARE CRUCIAL AND WE FEEL THAT IF 8500 IS BROKEN ON CLOSING BASIS THEN BEAR MAY PUSH NIFTY TILL 8200 LEVELS EASILY.

NOW LETS TRY TO LOOK OPTIONS DATA.

Nifty

November Series

About 1000k shares were added on net net basis from 8000 to 8400 PE but at the same time same quantum of shares were liquidated in different strike prices from 8500 to 8800 PE. 

On CE front from 8500 to 9000 CE about 2000k shares were added in different strike prices.

Highest OI tag is with 8500 PE & 9000 CE.

Nifty Bank

November Series (Weekly Expiry)

As expected 19000 level acted as strong support and 19500 PE did its job in last trading session. Now again today being expiry of this series 19500 CE shall act as resistance. 

Highest OI tag is with 19000 PE & 19500 CE.

November Series (Monthly Expiry)

More or less monthly contract is also showing same picture at present which is in line with today's weekly expiry OC.

Highest OI tag is with 19000 PE & 19500 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.01
PE RATIO FOR NIFTY BANK STANDS AT 29.84

NOVEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 0.94
NIFTY BANK PCR ON BASIS OF OI IS 1.50

FINAL CONCLUSION

Nifty & Nifty Bank
ITM liquidations at start of series and additions in nearby OTM PE strike prices depicts different story altogether. Now Nifty Bank is clearly in favor of Bears. Once must trade with strict stop loss on either side of trade. 

NIFTY (INTRADAY BASIS)

Nifty Last Close 8514
Support - 8475-8470 & 8405-8400
Resistance - 8560-8565, 8610-8620, 8680-8670 & 8710-8720

NIFTY BANK (INTRADAY BASIS) 

Nifty Last Close 19229
Support -  19130-19120 & 19020-19000
Resistance -  19315-19300, 19420-19400, 19580-19570, 19660-19675, 19760-19750, 19840-19850 & 19960-19970

-----------------------------------------------------------

TECHNICAL ANALYSIS TRAINING

WE ALSO CONDUCT TECHNICAL ANALYSIS TRAINING VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

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 & OPTIONS DATA BUT IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGISE FOR IT.

WE REQUEST ALL READERS TO GIVE THEIR FEEDBACK ON NIFTY50STRIKER@GMAIL.COM OR BY CALLING ON 08866145155 OR BY COMMENTING ON THIS BLOG POST.

ABOUT AUTHOR ~ MANUSH VADHER

WORKING AS SHAREKHAN SUB BROKER AND HOLDING MASTER DEGREE IN FINANCE HAVING EXPERIENCE OVER 10 YEARS IN CAPITAL MARKET. HE IS ALSO CERTIFIED AS RESEARCH ANALYST FROM SEBI. FURTHER HE HAS CLEARED INVESTMENT ADVISER LEVEL - 1 FROM NISM IN 2014.

NIFTY & BANK NIFTY VIEW FOR 02/11/2016

NEW SERIES HAS JUST STARTED AND IN LAST 2 TRADING SESSIONS GOOD MANIPULATIONS GOING ON BY BIG HEADS IN NIFTY & NIFTY BANK ON PREMIUM/DISCOUNT FRONT.

NOW LETS TRY TO LOOK OPTIONS DATA.

Nifty

November Series

Good additions can be seen on both side of Options chain. But as we are near to immediate support at 8500 (which is being held by Bulls in last few sudden downside falls) Good additions can be seen in nearby strike options. On higher side also again irrespective of any market moves 9000 is going to act as strong resistance and same is also reflected by additions during last trading session. 

Highest OI tag is with 8500 PE & 9000 CE.

Nifty Bank

November Series (Weekly Expiry)

19600 CE is having highest OI so that shall be acting as strong resistance for today's session. On lower front 19500-19000 PE are in tough fight for highest OI tag but as psychological level 19000 shall play crucial role. 

Highest OI tag is with 19500 PE & 19600 CE.

November Series (Monthly Expiry)

Being monthly series highest OI placed at 20000 CE & 19000 PE so that shall act as wall of support and resistance respectively. (Repeat para)

Highest OI tag is with 19000 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.31
PE RATIO FOR NIFTY BANK STANDS AT 30.19

NOVEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 0.98
NIFTY BANK PCR ON BASIS OF OI IS 1.41

FINAL CONCLUSION

Nifty & Nifty Bank
Nifty Bank is going to play vital role as we have weekly expiry tomorrow. Now if we go with OI on weekly basis as well as monthly then 19000 shall act as crucial support. If downside continues then again 8500 for spot Nifty shall be acting as strong support with 100 DEMA (already explained) 

NIFTY (INTRADAY BASIS)

Nifty Last Close 8625
Support - 8560-8565, 8520-8510, 8475-8470 & 8405-8400
Resistance - 8680-8670, 8710-8720, 8765-8770 & 8810-8820

NIFTY BANK (INTRADAY BASIS) 

Nifty Last Close 19458
Support - 19420-19400, 19315-19300, 19225-19210 & 19130-19120
Resistance -  19580-19570, 19660-19675, 19760-19750, 19840-19850 & 19960-19970

-----------------------------------------------------------

TECHNICAL ANALYSIS TRAINING

WE ALSO CONDUCT TECHNICAL ANALYSIS TRAINING VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

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 & OPTIONS DATA BUT IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGISE FOR IT.

WE REQUEST ALL READERS TO GIVE THEIR FEEDBACK ON NIFTY50STRIKER@GMAIL.COM OR BY CALLING ON 08866145155 OR BY COMMENTING ON THIS BLOG POST.

ABOUT AUTHOR ~ MANUSH VADHER

WORKING AS SHAREKHAN SUB BROKER AND HOLDING MASTER DEGREE IN FINANCE HAVING EXPERIENCE OVER 10 YEARS IN CAPITAL MARKET. HE IS ALSO CERTIFIED AS RESEARCH ANALYST FROM SEBI. FURTHER HE HAS CLEARED INVESTMENT ADVISER LEVEL - 1 FROM NISM IN 2014.

NIFTY & BANK NIFTY VIEW FOR 01/11/2016

WISHING ALL OUR READERS VERY HAPPY AND PROSPEROUS NEW YEAR.

BEFORE WE DISCUSS FURTHER LETS TRY TO ANALYSE NIFTY & NIFTY BANK CHART.

Above is Nifty daily chart and we can see that 8500 on structure base and also on basis of 100 DEMA is strong support. 

Above is Nifty Bank daily chart and we can see that 18800-18900 zone shall be acting as strong support (as per trend/structure and 100 DEMA) Overall if we see momentum then we can see that in comparison to Nifty; Nifty Bank is stronger.

NOW LETS TRY TO LOOK OPTIONS DATA.

Nifty

November Series

8500 PE is standing with highest OI so that shall act as strong support. ON CE front though 9000 CE is having highest OI 8700-8800 CE shall play its role. 

Highest OI tag is with 8500 PE & 9000 CE.

Nifty Bank

November Series (Weekly Expiry)

19000 & 19500 PE is having good OI so again flashes near to 19000 cannot be ruled out. Coincidently 19500 CE is also having highest OI so that shall lead to confusion and volatility. (Repeat paragraph) 

Highest OI tag is with 19000 PE & 20000 CE.

November Series (Monthly Expiry)

Being monthly series highest OI placed at 20000 CE & 19000 PE so that shall act as wall of support and resistance respectively. 

Highest OI tag is with 19000 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.31
PE RATIO FOR NIFTY BANK STANDS AT 30.30

NOVEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.02
NIFTY BANK PCR ON BASIS OF OI IS 1.14

FINAL CONCLUSION

Nifty & Nifty Bank
As discussed earlier strong support can be found at 8500 & 18800-18900 but it should be noted that now we are inching closer towards big event of US Elections. We feel that now one should either be hedged or stay away from naked option buying trades.


NIFTY (INTRADAY BASIS)

Nifty Last Close 8625
Support - 8560-8565, 8520-8510, 8475-8470 & 8405-8400
Resistance - 8680-8670, 8710-8720, 8765-8770 & 8810-8820

NIFTY BANK (INTRADAY BASIS) 

Nifty Last Close 19524
Support - 19420-19400, 19315-19300, 19225-19210 & 19130-19120
Resistance -  19580-19570, 19660-19675, 19760-19750, 19840-19850 & 19960-19970

-----------------------------------------------------------

TECHNICAL ANALYSIS TRAINING

WE ALSO CONDUCT TECHNICAL ANALYSIS TRAINING VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

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 & OPTIONS DATA BUT IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGISE FOR IT.

WE REQUEST ALL READERS TO GIVE THEIR FEEDBACK ON NIFTY50STRIKER@GMAIL.COM OR BY CALLING ON 08866145155 OR BY COMMENTING ON THIS BLOG POST.

ABOUT AUTHOR ~ MANUSH VADHER

WORKING AS SHAREKHAN SUB BROKER AND HOLDING MASTER DEGREE IN FINANCE HAVING EXPERIENCE OVER 10 YEARS IN CAPITAL MARKET. HE IS ALSO CERTIFIED AS RESEARCH ANALYST FROM SEBI. FURTHER HE HAS CLEARED INVESTMENT ADVISER LEVEL - 1 FROM NISM IN 2014.

NIFTY & BANK NIFTY VIEW FOR 28/10/2016

AS EXPECTED YESTERDAY'S SESSION WAS VERY MUCH VOLATILE AND EXPIRY TOOK PLEASE SOMEWHAT NEAR TO OUR EXPECTED LEVEL...!!!

NOW AGAIN NEW SERIES IS GOING TO START TODAY. BEING FIRST DAY OF NEW SERIES WE SHALL BE GOING SLOW IN OUR TRADING.

NOW LETS TRY TO LOOK OPTIONS DATA.

Nifty

November Series

8500 without doubt shall act as strong support as we have good OI at 8500 PE even start of series. Though 9000 CE is having highest OI but before that we feel 8800 CE shall act as strong resistance.

Highest OI tag is with 8500 PE & 9000 CE.

Bank Nifty 

November Series (Weekly Expiry)

19000 & 19500 PE is having good OI so again flashes near to 19000 cannot be ruled out. Coincidently 19500 CE is also having highest OI so that shall lead to confusion and volatility. 

Highest OI tag is with 19000 PE & 19500 CE.

November Series (Monthly Expiry)

Being monthly series highest OI is at 19000 PE & 20000 CE so that shall act as wall of support and resistance respectively. 

Highest OI tag is with 19000 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.28
PE RATIO FOR BANK NIFTY STANDS AT 30.28

NOVEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 0.98
BANK NIFTY PCR ON BASIS OF OI IS 1.05

FINAL CONCLUSION

Nifty & Bank Nifty
Without doubt 8550-8500 is acting as strong support zone and 100 EMA is also coming to aid of Bulls. As it is first day of series we are on no trade zone for today atleast. 

NIFTY (INTRADAY BASIS)

Nifty Last Close 8615
Support - 8560-8565, 8520-8510, 8475-8470 & 8405-8400
Resistance - 8680-8670, 8710-8720, 8765-8770 & 8810-8820

BANK NIFTY (INTRADAY BASIS) 

Nifty Last Close 19515
Support - 19420-19400, 19315-19300, 19225-19210 & 19130-19120
Resistance -  19580-19570, 19660-19675, 19760-19750, 19840-19850 & 19960-19970

-----------------------------------------------------------

TECHNICAL ANALYSIS TRAINING

WE ALSO CONDUCT TECHNICAL ANALYSIS TRAINING VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

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 & OPTIONS DATA BUT IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGISE FOR IT.

WE REQUEST ALL READERS TO GIVE THEIR FEEDBACK ON NIFTY50STRIKER@GMAIL.COM OR BY CALLING ON 08866145155 OR BY COMMENTING ON THIS BLOG POST.

ABOUT AUTHOR ~ MANUSH VADHER

WORKING AS SHAREKHAN SUB BROKER AND HOLDING MASTER DEGREE IN FINANCE HAVING EXPERIENCE OVER 10 YEARS IN CAPITAL MARKET. HE IS ALSO CERTIFIED AS RESEARCH ANALYST FROM SEBI. FURTHER HE HAS CLEARED INVESTMENT ADVISER LEVEL - 1 FROM NISM IN 2014.

NIFTY & BANK NIFTY VIEW FOR 27/10/2016

NIFTY MOVED AS PER CHART POSTED YESTERDAY NOW TODAY WE HAVE DERIVATIVE EXPIRY FOR OCTOBER SERIES SO SOME VOLATILE MOVES CANNOT BE RULED OUT.

BEFORE WE MOVE FURTHER LETS HAVE LOOK AT FOLLOW UP CHART.

BELOW IS LAST BLOG POST CHART AND THEN FOLLOWING IS UPDATED CHART AFTER YESTERDAY'S  SESSION.

NOW LETS HAVE LOOK AT UPDATED CHART

Now as we can see that Nifty Future is have support at 8590-8560 zone below that we have 100 EMA at 8531 level after yesterday's session.

NOW LETS TRY TO LOOK OPTIONS DATA.

Nifty

October Series

As expected and mentioned in last several blog posts 8800 CE shall act as resistance and that is also confirmed after yesterday's session as this strike got highest OI so that may act as resistance. On down side highest OI shifted to 8500 from 8600 so that may act as strong support. (Please note after 11th July 2016 bears managed to give moves near to 8500 but unable to manage close near to 8500 convincingly except single session) 

Highest OI tag is with 8500 PE & 8800 CE.

Bank Nifty 

October Series (Monthly Expiry)

Some ITM liquidations can be seen on PE front but additions on CE front depicts different story altogether. 

Highest OI tag is with 19000 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.30
PE RATIO FOR BANK NIFTY STANDS AT 30.17

OCTOBER SERIES
NIFTY PCR ON BASIS OF OI IS 0.86
BANK NIFTY PCR ON BASIS OF OI IS 0.96

FINAL CONCLUSION

Nifty & Bank Nifty
8500 PE and 100 EMA shall act as strong support without doubt but it should be noted that due to expiry we may see some volatility (Repeat paragraph and same was also witnessed in last trading session) 

We somehow feel that we may see Nifty close on expiry day near to 8650 (+/-20 points) 

NIFTY (INTRADAY BASIS)

Nifty Last Close 8615
Support - 8560-8565, 8520-8510, 8475-8470 & 8405-8400
Resistance - 8680-8670, 8710-8720, 8765-8770 & 8810-8820

BANK NIFTY (INTRADAY BASIS) 

Nifty Last Close 19484
Support - 19420-19400, 19315-19300, 19225-19210 & 19130-19120
Resistance -  19580-19570, 19660-19675, 19760-19750, 19840-19850 & 19960-19970

-----------------------------------------------------------

TECHNICAL ANALYSIS TRAINING

WE ALSO CONDUCT TECHNICAL ANALYSIS TRAINING VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

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 & OPTIONS DATA BUT IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGISE FOR IT.

WE REQUEST ALL READERS TO GIVE THEIR FEEDBACK ON NIFTY50STRIKER@GMAIL.COM OR BY CALLING ON 08866145155 OR BY COMMENTING ON THIS BLOG POST.

ABOUT AUTHOR ~ MANUSH VADHER

WORKING AS SHAREKHAN SUB BROKER AND HOLDING MASTER DEGREE IN FINANCE HAVING EXPERIENCE OVER 10 YEARS IN CAPITAL MARKET. HE IS ALSO CERTIFIED AS RESEARCH ANALYST FROM SEBI. FURTHER HE HAS CLEARED INVESTMENT ADVISER LEVEL - 1 FROM NISM IN 2014.

NIFTY & BANK NIFTY VIEW FOR 26/10/2016

WITH EXPIRY IS NEAR EVERY ONE IS TALKING ABOUT AT WHAT LEVELS WE MAY SEE NIFTY EXPIRE IN OCTOBER SERIES.

WE HAVE BEEN EXPLAINING ONE AND SAME THING IN  LAST COUPLES OF BLOG POSTS WE DO NOT SEE CRACK BELOW 8500 EXCEPT ANY DRAMATIC EVENT ALSO WE DO NOT SEE BULLS MANAGE TO CROSS 8800 DECISIVELY...!!!

LETS TRY TO CHECK NIFTY FUTURE CHART ON DAILY TIME FRAME.

As we can see that Nifty is moving in falling wedge pattern but last time it took support at 100 EMA and wedge trendline. 

NOW LETS TRY TO LOOK OPTIONS DATA.

Nifty

October Series

More than 650k shares were liquidated in different PE strike prices from in 8600 to 9000. More than 850k shares were added in different CE strike prices from 8650-8800. Now OI at 8800 CE is almost similar to 9000 CE so resistance at 8800 levels is getting stronger. 

Highest OI tag is with 8600 PE & 9000 CE.

Bank Nifty 

October Series (Monthly Expiry)

About 170k shares were added by Bulls in different strike prices from 19700-19900 CE where as deep ITM CE witnessed liquidations. From 19900 to 19200 PE about 485k shares were added. 

Highest OI tag is with 19000 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.23
PE RATIO FOR BANK NIFTY STANDS AT 29.49

OCTOBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.02
BANK NIFTY PCR ON BASIS OF OI IS 1.19

FINAL CONCLUSION

Nifty & Bank Nifty
8500 PE and 100 EMA shall act as strong support without doubt but it should be noted that due to expiry we may see some volatility. We somehow feel that we may see Nifty close on expiry day near to 8650 (+/-20 points) 

NIFTY (INTRADAY BASIS)

Nifty Last Close 8691
Support - 8620-8610, 8560-8565, 8520-8510, 8475-8470 & 8405-8400
Resistance - 8765-8770 & 8810-8820

BANK NIFTY (INTRADAY BASIS) 

Nifty Last Close 19835
Support - 19760-19750, 19660-19675 & 19580-19570 
Resistance - 19840-19850 & 19960-19970

-----------------------------------------------------------

TECHNICAL ANALYSIS TRAINING

WE ALSO CONDUCT TECHNICAL ANALYSIS TRAINING VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

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 & OPTIONS DATA BUT IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGISE FOR IT.

WE REQUEST ALL READERS TO GIVE THEIR FEEDBACK ON NIFTY50STRIKER@GMAIL.COM OR BY CALLING ON 08866145155 OR BY COMMENTING ON THIS BLOG POST.

ABOUT AUTHOR ~ MANUSH VADHER

WORKING AS SHAREKHAN SUB BROKER AND HOLDING MASTER DEGREE IN FINANCE HAVING EXPERIENCE OVER 10 YEARS IN CAPITAL MARKET. HE IS ALSO CERTIFIED AS RESEARCH ANALYST FROM SEBI. FURTHER HE HAS CLEARED INVESTMENT ADVISER LEVEL - 1 FROM NISM IN 2014.

NIFTY & BANK NIFTY VIEW FOR 25/10/2016

NOTHING EXCITING IS HAPPENING IN MARKET AND SAME IS ALSO REPLICATED IN OPTION CHAIN.

LETS TRY TO STUDY INTRADAY CHART ON BIGGER TIMEFRAME.

As we can see that Nifty may face resistance at 8790-8810 zone.

NOW LETS TRY TO LOOK OPTIONS DATA.

Nifty

October Series

No major change can be seen in OC via OI additions. If Nifty goes below 8600 then 8500 shall act as strong support. 

Highest OI tag is with 8600 PE & 9000 CE.

Bank Nifty 

October Series (Monthly Expiry)

No major change can be seen in OC via OI additions. If Bank Nifty goes below 19500 then 19000 shall act as strong support. 

Highest OI tag is with 19000 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.27
PE RATIO FOR BANK NIFTY STANDS AT 29.45

OCTOBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.06
BANK NIFTY PCR ON BASIS OF OI IS 1.14

FINAL CONCLUSION

Nifty & Bank Nifty
As discussed earlier 8500 PE shall act as strong support for rest of series now. Now if we see OI at 8800 CE then again it may act as strong resistance. Now if Nifty Future crosses 8730-8750 zone then only we can expect moves till 8800 too.  

NIFTY (INTRADAY BASIS)

Nifty Last Close 8709
Support - 8620-8610, 8560-8565, 8520-8510, 8475-8470 & 8405-8400
Resistance - 8765-8770 & 8810-8820

BANK NIFTY (INTRADAY BASIS) 

Nifty Last Close 19808
Support - 19760-19750, 19660-19675, 19580-19570, 19420-19410, 19330-19320, 19230-19225 & 19165-19150. 
Resistance - 19840-19850 & 19960-19970

-----------------------------------------------------------

TECHNICAL ANALYSIS TRAINING

WE ALSO CONDUCT TECHNICAL ANALYSIS TRAINING VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

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 & OPTIONS DATA BUT IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGISE FOR IT.

WE REQUEST ALL READERS TO GIVE THEIR FEEDBACK ON NIFTY50STRIKER@GMAIL.COM OR BY CALLING ON 08866145155 OR BY COMMENTING ON THIS BLOG POST.

ABOUT AUTHOR ~ MANUSH VADHER

WORKING AS SHAREKHAN SUB BROKER AND HOLDING MASTER DEGREE IN FINANCE HAVING EXPERIENCE OVER 10 YEARS IN CAPITAL MARKET. HE IS ALSO CERTIFIED AS RESEARCH ANALYST FROM SEBI. FURTHER HE HAS CLEARED INVESTMENT ADVISER LEVEL - 1 FROM NISM IN 2014.