NIFTY VIEW FOR 13/10/2015

IN OUR LAST POST WE HAD SAID THAT WE DO NOT SEE ANY BIG DOWNSIDE OR UPSIDE FOR SESSION OR TWO,  NIFTY OBLIGED OUR VIEW TILL 2 PM TODAY AND WAS IN COMPLETE DILEMMA TILL THEN. REMEMBER WE HAD SAID THIS ON THE BASIS OF OPTIONS DATA WHICH KEEPS ON CHANGING AFTER EVERY SESSION. 

NOW LETS TRY TO RE-STUDY WEEKLY CHART.

IN ABOVE CHART WE CAN SEE THAT NIFTY IS RESISTING AT 61.80% MARK (NIFTY LEVEL 8228.73)(+ OR - 20 POINTS)

NOW IF WE STUDY DAILY CHART ON BASIS OF DEMAND AND SUPPLY THEORY.

THEN AGAIN 8225 TO 8322 IS SUPPLY ZONE AND POSITIONALLY NIFTY CAN BE SHORTED WITH STRICT SL.

NOW TO SEE OPTIONS DATA

CALLS		PUTS
STRIKE PRICE	OI	STRIKE PRICE	OI
8300	5370350	8100	4630625
8200	5097650	8000	4586175
8500	3582750	7800	3847500

SO FROM ABOVE TABLE AGAIN WE CAN SEE 8100 PE & 8300 CE ARE HAVING HIGHEST OPEN INTEREST WHICH MAY ACT AS SUPPORT & RESISTANCE FOR NEXT TRADING SESSION EXCEPT ANY BIG UNCERTAIN EVENT. 

BUT IMPORTANT THING IS THAT 8100 CE AND ITM CALL OPTIONS BELOW 8100 HAS UNDERGONE LIQUIDATION DURING TODAY'S SESSION. (TILL 7500) SO THIS LEADS TO DOUBT OVER MAJOR UPSIDE IN NEXT SESSION OR TWO. 

WHEREAS ON PE SIDE GOOD ADDITION IS SEEN IN 8000 & 8100 STRIKE PRICES. 

PUT CALL RATIO ON BASIS OF OI IS 1.22
PE RATIO FOR NIFTY STANDS AT 22.73

FINAL CONCLUSION

IT WILL BE VERY TOUGH FOR BULLS TO LIFT NIFTY ABOVE 8300 LEVELS. RISKY TRADERS CAN BUY 8100 PE WITHIN RANGE OF 90-100 WITH SL 70 FOR TARGET OF 130-150-180 IN COMING DAYS. 

TO GET LIVE MARKET CALLS ON NIFTY/BANKNIFTY ON YOUR WHATSAPP SEND MESSAGE 'NIFTY50STRIKER' ON 08866145155 

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.