NIFTY VIEW FOR 14/10/2015

LAST TWO TRADING SESSIONS NIFTY IS CLOSING AT UNEXPECTED LEVELS...!!!

YESTERDAY IT BEARS ATTACKED AFTER 2 PM AND TODAY AT 3 PM RECOVERY CAME. 

WE ALWAYS TRY TO PROVE OUR VIEW VIA CHART OR OPTIONS DATA. TODAY ALSO THIS WAS CLEARED VERY EARLY WHEN NIFTY WAS HOVERING AT DAY'S LOW LEVELS BUT 8100 PE WAS UP BY JUST 20 POINTS AND PREMIUM ADDITION IN ATM OR ITM WAS NOT IMPRESSIVE.

AT ONE STAGE OPTIONS DATA RANGE WAS CONTRACTED IN 200 POINTS NARROW RANGE ALSO AT PRESENT OPTIONS DATA SHOWS RANGE OF 8000-8200.   

AT THIS STAGE NEEDLESS TO SAY OUR VIEW OF GAP FILLING WHICH WE HAD EXPECTED ON 19/10/2014 BLOG POST AND DOWNSIDE MAY START WORKED PERFECTLY.

NOW ON DOWNSIDE 8097 AND ON UPSIDE 8228 WILL BE CRUCIAL LEVEL TO WATCH OUT ON CLOSING BASIS. 

ALSO TODAY 7900 PE ADDED MORE THAN 8 LAKH SHARES IN OPEN INTEREST WHICH ALSO SHOWS SOME BIG MOVE IN COMING DAYS. 

PUT CALL RATIO ON BASIS OF OI IS 1.28
PE RATIO FOR NIFTY STANDS AT 22.25

FINAL CONCLUSION

IT WILL BE VERY TOUGH FOR BULLS TO LIFT NIFTY ABOVE 8200 LEVELS. 

OPEN POSITIONS
CALL GIVEN IN LAST BLOG POST IS AS UNDER:- 
RISKY TRADERS CAN BUY 8100 PE WITHIN RANGE OF 90-100 WITH SL 70 FOR TARGET OF 130-150-180 IN COMING DAYS. MADE HIGH OF 114 TODAY. 

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.