NIFTY VIEW FOR 15/10/2015

FROM LAST 2-3 POSTS WE HAVE BEEN TELLING ONE AND SAME THING THAT WE DO NOT SEE ANY BIG BANG MOVE ON EITHER AND NIFTY IS OBLIGING SAME...!!!

IN OUR LAST POST WE HAD SAID THAT 8097 SHALL ACT AS CRUCIAL SUPPORT AND  TODAY SPOT NIFTY MADE LOW OF 8096.35

NOW AT PRESENT IF WE SEE OPTIONS CHAIN THEN STILL THERE IS HIGH OI IN 8200 CE & 8000 PE WHICH CAN BE CONSIDERED AS RESISTANCE & SUPPORT LEVELS. 

NOW IF WE SEE 7900 PE (REMEMBER HUGE ADDITION WAS SEEN YESTERDAY) AND TODAY ALSO VERY SMALL PORTION OF LIQUIDATION TOOK PLACE. ALSO 8000 PE UNDERGONE INCREASE IN OI DURING TODAY'S SESSION TOO. BUT WE STILL SAY ONE AND SAME THING THAT DOWNSIDE FOR TOMORROW SESSION IS LIMITED TILL 8000 ATLEAST AT PRESET AS FEW ITM PUT OPTIONS UNDERGONE LIQUIDATION AND 8100 CE TOO UNDERGONE ADDITIONS.

NOW IF WE SAY 8000 IS ALSO BROKEN IN EXTREME CASE THEN 7965 MAY ACT AS GOOD SUPPORT.

PUT CALL RATIO ON BASIS OF OI IS 1.24
PE RATIO FOR NIFTY STANDS AT 22.16

FINAL CONCLUSION

IT WILL BE VERY TOUGH FOR BULLS TO LIFT NIFTY ABOVE 8200 LEVELS. ON DOWN IMMEDIATE SUPPORT COMES AT 8097, 8000 (PSYCHOLOGICAL LEVEL AND 8000 PE HIGH OI) & 7965 

OPEN POSITIONS
OPEN POSITION AT PRESENT:-
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 104 TODAY. (YESTERDAY'S HIGH 114)

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.