IN OUR LAST POST WE HAD CLEARLY SAID THAT 8200 WOULD BE TOUGH LEVELS FOR BULLS TO CROSS AND SPOT NIFTY RESPECTED OUR VIEW BY MAKING HIGH 8190.55...!!!
NOT ONLY THAT WE HAD CLEARLY SAID THAT SOME ADDITIONS WAS SEEN IN 8100 CE AND NEARBY PE UNDERGONE LIQUIDATIONS.ALSO TO NOT THAT TODAY AT ONE POINT OF TIME 8300 CE REPLACED 8200 CE ON HIGHEST OI BUT AGAIN TOWARDS THE END 8200 CE REGAINED ITS POSITIONS.
NOW IF WE SEE OPTIONS CHAIN AFTER CLOSE THEN FROM 8300 CE TO 7300 CE ALL CALL OPTIONS UNDERGONE LIQUIDATION NOW AGAIN IF SEE ON PUT OPTIONS SIDE THEN GOOD ADDITIONS WAS SEEN IN 8000 PE AND RIGHT FROM 7950 PE TO 8200 PE ADDITIONS WHICH AGAIN LEADS TO DOUBT OVER UPWARD JOURNEY FOR NIFTY.
ALSO REMEMBER NIFTY IS STILL TRADING BELOW SUPPLY ZONE OF 8322-8225 (WHICH IS NOTHING ELSE BUT 21 AUGUST 2015 RANGE) WHICH IS ALREADY TESTED ON 12 OCTOBER 2015.
BELOW IS DAILY CHART (SPOT NIFTY) FOR EASY REFERENCE.
PUT CALL RATIO ON BASIS OF OI IS 1.26
PE RATIO FOR NIFTY STANDS AT 22.35
FINAL CONCLUSION
IT WILL BE VERY TOUGH FOR BULLS TO LIFT NIFTY ABOVE 8200 LEVELS (AS PER OPTIONS DATA) (REPEAT COMMENT) AND AS PER RETRACEMENT THEORY 8229. ON DOWNSIDE IMMEDIATE SUPPORT COMES AT 8097, 8055(21 EMA), 8000 (PSYCHOLOGICAL LEVEL AND 8000 PE HIGH OI) & 7965
OPEN POSITIONS
TODAY SL WAS TRIGGERED IN 8100 PE. CALL WAS 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.
OPEN POSITIONS
TODAY SL WAS TRIGGERED IN 8100 PE. CALL WAS 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.
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.
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
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