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

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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

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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.

NIFTY & BANK NIFTY VIEW FOR 24/10/2016

LAST TRADING SESSION WAS MIXTURE OF VOLATILITY AND CONSOLIDATION BUT WE STILL STAND FIRM WITH OUR VIEW THAT IF NIFTY BREAKS 8500 DECISIVELY THEN MOVES TILL 8100-8200 ZONE CANNOT BE RULED OUT; TILL THEN 8500-8800 IS RANGE FOR REST OF OCTOBER SERIES.

NOW LETS TRY TO LOOK OPTIONS DATA.

Nifty

October Series

Somehow now we feel that Bears may find it bit difficult to push Nifty below 8500 now in this series. (Repeat lines) This is because OI 8500-8600 gaining momentum and now we have 4 sessions left in current series. 

Highest OI tag is with 8600 PE & 9000 CE.

Bank Nifty 

October Series (Monthly Expiry)

19000 PE is acting as strong support at present. Somehow we feel that may remain strong support for rest of series. (Repeat lines) On higher side 20000 Ce shall at as firm resistance.

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 29.31

OCTOBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.03
BANK NIFTY PCR ON BASIS OF OI IS 1.20

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.  (Repeat para)

NIFTY (INTRADAY BASIS)

Nifty Last Close 8693
Support - 8620-8610, 8560-8565, 8520-8510, 8475-8470 & 8405-8400
Resistance - 8765-8770 & 8810-8820

BANK NIFTY (INTRADAY BASIS) 

Nifty Last Close 19710
Support - 19660-19675, 19580-19570, 19420-19410, 19330-19320, 19230-19225 & 19165-19150
Resistance - 19750-19760 & 19840-19850

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

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 21/10/2016

AFTER BULLS MANAGED TO FILL GAP IN NIFTY YESTERDAY; WE HAD SHARED OUR VIEW BY SIMPLE CHART ON OUR TELEGRAM CHANNEL AND ALSO ON FACEBOOK.

NOW LETS TRY TO LOOK OPTIONS DATA.

Nifty

October Series

Somehow now we feel that Bears may find it bit difficult to push Nifty below 8500 now in this series. This is because OI 8500-8600 gaining momentum and now we have 5 sessions left in current series. Good additions can be seen at 8600-8700 PE.  

Highest OI tag is with 8600 PE & 9000 CE.

Bank Nifty 

October Series (Monthly Expiry)

19000 PE is acting as strong support at present. Somehow we feel that may remain strong support for rest of series. 

Highest OI tag is with 19000 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.46
PE RATIO FOR BANK NIFTY STANDS AT 29.51

OCTOBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.00
BANK NIFTY PCR ON BASIS OF OI IS 1.17

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 8699
Support - 8620-8610, 8560-8565, 8520-8510, 8475-8470 & 8405-8400
Resistance - 8765-8770 & 8810-8820

BANK NIFTY (INTRADAY BASIS) 

Nifty Last Close 19658
Support - 19580-19570, 19420-19410, 19330-19320, 19230-19225 & 19165-19150
Resistance - 19660-19675, 19750-19760 & 19840-19850

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

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 20/10/2016

AS WE HAD EXPECTED IN OUR LAST POST GAP BETWEEN 8704-8680 GOT ALMOST FILLED. BUT STILL LOOKING AT SETUP AND MOVES AFTER YESTERDAY'S OPENING WE STILL FEEL THAT BULLS MAY STILL TRY TO FILL ENTIRE GAP IN NIFTY.

NOW LETS TRY TO LOOK OPTIONS DATA.

Nifty

October Series

8000-8500-8600 PE are going to play critical role going forward. (repeat words ) But it should be noted that there has been tough fight between 8500-8600 PE for highest OI tag till now but now 8000 PE is also coming in limelight from last couple of sessions. 

Highest OI tag is with 8500 PE & 9000 CE.

Bank Nifty 

October Series (Weekly Expiry ~ NEAR)

18500-19000 PE are playing their role to help bulls for strong support at their respective levels but it should be noted that today we have expiry for this contract; whereas on CE front 19600-19700 CE is favoring Bears.

Highest OI tag is with 18500 PE & 20000 CE.

October Series (Monthly Expiry)
Though weekly expiry is suggesting strong support at 18500 level but monthly option contract suggests 19000 PE is playing crucial role as forming strong support level. 

Highest OI tag is with 19000 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.35
PE RATIO FOR BANK NIFTY STANDS AT 29.14

OCTOBER SERIES
NIFTY PCR ON BASIS OF OI IS 0.96
BANK NIFTY PCR ON BASIS OF OI IS 1.04

FINAL CONCLUSION

Nifty & Bank Nifty
8500-8600 PE without doubt is acting as strong support but it should be noted 8000 PE is again momentum day by day and with Bank Nifty 18000-18500 PE OI should not be ignored. 

WE STILL CONTINUE WITH OUR VIEW OF INITIATING TRADE ONLY WITH ENTIRE GAP FILLING MOVE AND SETUP THEREAFTER.

NIFTY (INTRADAY BASIS)

Nifty Last Close 8659
Support - 8620-8610, 8560-8565, 8520-8510, 8475-8470 & 8405-8400
Resistance - 8710-8715, 8765-8770 & 8810-8820

BANK NIFTY (INTRADAY BASIS) 

Nifty Last Close 19412
Support - 19330-19320, 19230-19225, 19165-19150, 18940-18930, 18860-18840, 18720-18700, 18660-18640 & 18540-18520
Resistance - 19570-19580, 19660-19675 & 19750-19760

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

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.