NIFTY & BANK NIFTY VIEW FOR 19/10/2015

FROM LAST COUPLE OF DAYS WE HAVE BEEN GIVING OUR VIEW ON NIFTY THAT AS PER OPTIONS DATA 8200  IS TOUGH RESISTANCE TO CROSS AND IT WAS WELL RESPECTED.

BUT DURING LAST TRADING SESSION AT 12.36 PM WE HAD GIVEN UPDATE ON OUR FACEBOOK PAGE THAT SOME BIG MOVE IS ON THE WAY AND LATER ON WHAT HAPPENED IS NOT UNKNOWN TO ANY OF US.

NOW IF TALK ABOUT OPTIONS DATA THEN EXPECTED RANGE HAS MOVED FROM 8000-8200 TO 8000-8300 (AS IN LAST THAT TRADING SESSION 8300 CE OI WAS INCREASED OVER 5 LAKH SHARES BUT INTERESTINGLY 8400 CE SHARES ARE ALSO INCREASED BY MORE THAN 8 LAKH SHARES) 

ALSO AT PRESENT UPSIDE RESISTANCE COMES AT 8391.55 LEVELS (AS SPOT NIFTY CLOSED  ABOVE 8228 MARK) SO IN COMING DAYS WE MAY SEE THAT HIGHEST OI TAG MAY GET CHANGED FROM 8300 CE TO 8400 CE AND WE MAY SEE EXPIRY IN ZONE OF 8300-8400. THIS IS BECAUSE 8000 & 7900 PE TOGETHER UNDERGONE LIQUIDATION OF LITTLE LESS THAN 5.50 LAKH SHARES IN OI. 

NOW LETS TALK ABOUT BANK NIFTY

BANK NIFTY CALL OPTIONS DATA HAS CHANGED DRAMATICALLY IN LAST 2-3 SESSIONS AS 18000 CE HAS BEEN REPLACED BY 18500 CE ON HIGHEST OI BASIS AND THIS HAS LEAD TO CHANGE IN MOMENTUM. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PUT CALL RATIO ON BASIS OF OI IS 1.27
PE RATIO FOR NIFTY STANDS AT 22.51

FINAL CONCLUSION

NIFTY

NOW AS WE KNOW GAP IS FILLED BY NIFTY AND ALREADY NEAR TO UPSIDE OPTIONS DATA RESISTANCE LEVEL AT 8300 BUT CLOSE LOOK TOWARDS 8400 CE IS  REQUIRED. 

NEXT SERIES HIGHEST OI IS AT 8500 CE SO AS DISCUSSED EARLIER WE MAY SEE SOME FLASHES ABOVE 8400 TOO IN THIS SERIES. 

NIFTY
BANK NIFTY OPTIONS DATA GIVES HINT THAT WE MAY CLIMB UPTO 18400-18500 IN COMING DAYS.

OPEN POSITIONS
NONE

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ABOUT AUTHOR ~ MANUSH VADHER

WORKING AS SHAREKHAN SUB BROKER AND HOLDING MASTER DEGREE IN FINANCE HAVING EXPERIENCE OVER 10 YEARS IN CAPITAL MARKET.