NIFTY & BANK NIFTY VIEW FOR 21/10/2015

IN LAST COUPLE OF POSTS WE HAVE BEEN GIVING 8228/8229 AS LEVEL OF RESISTANCE OR SUPPORT AS THE CASE MAY BE. NOT ONLY THAT IN OUR LAST POST WE HAD GIVEN 8200-8300 AS TODAY'S TRADING RANGE.

AT FIRST LETS TRY TO UNDERSTAND WHY WE FOCUSING ON 8228/8229 LEVEL VERY MUCH.

NOW IF TALK ABOUT OPTIONS DATA THEN WE CAN SEE HUGE POSITIONS BUILD AT 8200 PE SIDE WHEREAS 8100 PE UNDERGONE HUGE UNWINDING. NOW IF WE LOOK AT PRICE ACTION MOVE OF 8200 PE THEN WE FEEL THEN IF ANY DOWNSIDE MOVE COMES BELOW 8200 THEN IT WILL BE JUST FLASHES AND QUICK BOUNCE FROM LOWER LEVELS CAN BE SEEN. 

NOW ON CE FRONT IF WE SEE THEN AGAIN 8400 CE WITNESS LIQUIDATION IN OI BUT GOOD BUILT UP SEEN IN 8300 CE BUT WE FEEL STILL 8300 CE SHALL ACT AS RESISTANCE. 

LEVELS TO WATCH OUT
RESISTANCE :- 8300 & 8391
SUPPORT:- 8229 & 8200

NOW LETS TALK ABOUT BANK NIFTY

IF WE SEE BANK NIFTY OPTIONS DATA THEN THOUGH 18500 CE IS HAVING HIGH OI STILL 18000 CE IS ACTING AS WALL OF RESISTANCE. 

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. (REPEAT COMMENT) AS WE FEEL 8200 PE ARE WRITTEN BY BIG TRADERS AND SLOWLY SLOWLY MOMENTUM IS SHIFTING TOWARDS 8300 & 8400 CALL OPTIONS. WE FEEL ANYONE WHO IS LONG SIDE OF TRADE MUST KEEP SL OF 8190 FOR SPOT NIFTY. 

NEXT SERIES HIGHEST OI IS AT 8700 CE SO AS DISCUSSED EARLIER WE MAY SEE SOME FLASHES ABOVE 8300 TOO IN THIS SERIES. 

BANK NIFTY
BANK NIFTY OPTIONS DATA GIVES HINT THAT WE MAY SUDDEN UPSIDE FLASHES ABOVE 18000 IN COMING DAYS.

OPEN POSITIONS
NONE

TO GET LIVE MARKET CALLS ON NIFTY/BANKNIFTY ON YOUR WHATSAPP SEND MESSAGE 'NIFTY50STRIKER' ON 08866145155. CALLS SHALL BE GIVEN VIA WHATSAPP ONLY 

STANDARD DISLCOSURE:-

PLEASE NOTE THESE MOVES ARE AS PER CHARTS AND IT 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.

WE REQUEST ALL READERS TO GIVE THEIR FEEDBACK ON NIFTY50STRIKER@GMAIL.COM 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.