RCOM ~ ZOOMING...!!!

DURING LAST 3 TRADING SESSIONS RELIANCE COMMUNICATION (RCOM) RALLIED ALMOST 14%...!!!

IN CONTINUATION OF OUR EDUCATION SERIES IN WHICH WE HAVE BEEN TELLING THAT CHARTS DISCOUNTS EVERYTHING WELL IN ADVANCE. 

LETS TRY TO SEE IT VIA SIMPLE CHARTS...!!!

IN ABOVE CHART WE CAN SEE THAT THIS STOCK WAS IN DEMAND ZONE AND IT HAS REACTED SHARPLY FROM IT. ALSO WE CAN SEE ON WEDNESDAY STOCK GAVE WILD UPSIDE MOVE. 

NOW TO UNDERSTAND IN OTHER SIMPLE WAY LETS TRY IT BY VOLUMES & 21 EMA.

WE CAN SEE THAT 3rd LAST CANDLE GAVE UPSIDE MOVE WITH HIGH VOLUMES (PRIOR TO WHICH VOLUMES WERE LOW) WHICH WAS ALSO CONTINUED BY VOLUMES NEXT DAY BUT TODAY (3rd CANDLE) SOMEHOW MOMENTUM WAS LOST. 

IN THE END WE WOULD LIKE TO SAY THAT CHART DISCOUNTS EVERY NEXT PROBABLE MOVE BUT IT IS ANALYST WHO HAS TO GRAB IT...!!!

FOR LIVE UPDATE ON INDEX DURING TRADING HOURS PLEASE VISIT OUR FACEBOOK PAGE. 

WWW.FACEBOOK.COM/NIFTY50STRIKER

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FOR SUGGESTIONS/QUERIES READER CAN CONTACT US ON NIFTY50STRIKER@GMAIL.COM OR 08866145155.

LIVE UPDATE ON INDEX DURING TRADING HOURS PLEASE VISIT OUR FACEBOOK PAGE. 

NIFTY & BANK NIFTY VIEW FOR 23/11/2015

ALMOST 90 POINTS MOVE BUT CLOSING FLAT...!!!

NOTHING ELSE BUT OPTION PREMIUM CHEWING...!!!

RESULTED INTO RESPECTING OUR VIEW OF VOLATILE MOVES AND LIMITED UPSIDE...!!!

ANYWAY NOW IF WE MOVE AHEAD THEN SAME STORY OF OPTIONS CHAIN GIVE RANGE COMES BETWEEN 7700 TO 8000 BUT SOMEHOW 8000 PE OF DECEMBER SERIES GIVES COME CAUTION IN MOVES IN COMING DAYS.

WE FEEL NOTHING MUCH WE HAVE TO DISCUSS ABOUT NIFTY MOVES AND ALL; AS NEAR TO EXPIRY WE DO NOT HAVE MUCH TO DISCUSS ABOUT OPTION CHAIN OR LEVELS AS NIFTY CLOSED FLAT & OPTION CHAIN NEAR TO EXPIRY MAY NOT GIVE CLEAR INDICATION.

NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-

RESISTANCE LEVELS:- 7861 & 7952 

SUPPORT LEVELS:- 7804 & 7714

NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-

RESISTANCE LEVELS:- 17138 & 17307
SUPPORT:- 16927, 16798 & 16587

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PUT CALL RATIO ON BASIS OF OI IS 0.80
PE RATIO FOR NIFTY STANDS AT 21.24

FINAL CONCLUSION

NIFTY

IGNORING 8000 PE OI OF DECEMBER EXPIRY TIME BEING WE FEEL THAT DUE TO HIGH LIQUIDATION SEEN IN MAJOR CE WE FEEL THAT MORE UPSIDE IN NIFTY FOR NEXT SESSION IS LIMITED. (REPEAT COMMENT)

COMING DAYS WE MAY SEE SOME VOLATILE AND UNDER CERTAIN MOVES BUT WE FEEL SOMEHOW BULLS SHALL BE ABLE TO MANAGE SPOT NIFTY TILL 7950 LEVEL BEFORE EXPIRY BUT SOME HOW IT WILL  BE TOUGH FOR THEM TO CROSS 8000 MARK. 

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. 

NIFTY & BANK NIFTY VIEW FOR 20/11/2015

AFTER VERY LONG TIME BULLS SHOWED THEIR STRENGTH TODAY AND 7800 WAS CLEARED IN EASILY...!!!

BUT DURING TRADING HOURS WE HAD GIVEN GIVEN 7840 AS TOUGH RESISTANCE TO ONE OF PAID SUBSCRIBER AND IT WAS WELL RESPECTED. BELOW CHART SHALL BE GIVING CLEAR IDEA ABOUT IT.

NOW AT FIRST LETS ANALYSE OPTION CHAIN CHANGES.

Again huge unwinding seen in 7800 CE so it whatever positions which were built yesterday were liquidated today. But surprisingly 7800 PE undergone huge additions in OI so we feel it will be tough for bears to crack it on closing basis though highest OI tag on PE front is with 7700 PE.

As only 4 sessions are left for expiry so we feel that options data for this series may not reveal true picture. Majority of OTM CE undergone liquidation so we feel somehow it will be bit tough for bulls to cross 7950 levels till expiry session. 

Only surprising thing is 8000 PE December series is having OI of more than 40 lakh shares.

NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-

RESISTANCE LEVELS:- 7861 & 7952 

SUPPORT LEVELS:- 7804 & 7714

NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-

RESISTANCE LEVELS:- 17138 & 17308 
SUPPORT:- 16927, 16798 & 16587

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PUT CALL RATIO ON BASIS OF OI IS 0.81 
PE RATIO FOR NIFTY STANDS AT 21.20

FINAL CONCLUSION

NIFTY

IGNORING 8000 PE OI OF DECEMBER EXPIRY TIME BEING WE FEEL THAT DUE TO HIGH LIQUIDATION SEEN IN MAJOR CE WE FEEL THAT MORE UPSIDE IN NIFTY FOR NEXT SESSION IS LIMITED. 

COMING DAYS WE MAY SEE SOME VOLATILE AND UNDER CERTAIN MOVES BUT WE FEEL SOMEHOW BULLS SHALL BE ABLE TO MANAGE SPOT NIFTY TILL 7950 LEVEL BEFORE EXPIRY BUT SOME HOW IT WILL  BE TOUGH FOR THEM TO CROSS 8000 MARK. 

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. 

M&M ~ BREAKOUT TIME...???

MAHINDRA & MAHINDRA LIMITED IS FORMING ASCENDING TRIANGLE KIND OF PATTERN ALONG WITH THAT IT HAS ALREADY REACTED 4 TIMES FROM SUPPLY ZONE/RESISTANCE ZONE OF 1280 TO 1305 IN LAST 3 MONTHS. 

CAN WE SEE BREAKOUT THIS TIME FOR THIS STOCK...???

TO UNDERSTAND IN BETTER MANNER LETS HAVE LOOK AT ASCENDING TRIANGLE PATTERN ON DAILY CHARTS.

IN ABOVE CHART WE CAN SEE THAT STOCK IS RESISTING NEAR TO 1290 (LEVERAGE OF 10/15 POINTS ON BOTH SIDE) AND THEREAFTER STOCK GETS CORRECTED. DURING LAST TRADING SESSION ALSO SAME THING HAPPENED. 

NOW LETS TRY TO SEE VIA DEMAND SUPPLY THEORY ON 240 MINS INTRADAY CHART.

HERE ALSO WE CAN SAY THAT PRICE IS REACTING FROM SUPPLY LEVEL OF 1298 TO 1281.20 WHICH HAPPENED DURING LAST TRADING ALSO...!!!

NOW LETS TRY TO SEE COMBINATION OF BOTH THESE THEORIES ON SINGLE CHART.

NOW IT WILL BE INTERESTING TO SEE WHETHER THIS STOCK CROSSES THIS RESISTANCE/SUPPLY ZONE IN NEXT FEW SESSIONS OR NOT. 

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PLEASE NOTE THIS POST IS FOR EDUCATION/LEARNING PURPOSE ONLY AND UNDER NO MEANS IT SHOULD BE CONSIDERED AS TRADING CALL OR VIEW. WE ARE NOT RESPONSIBLE FOR ANY FINANCIAL CONSEQUENCES. 

FOR ANY QUERY/SUGGESTION ON THIS POST READER CAN WRITE AN E-MAIL TO US ON NIFTY50STRIKER@GMAIL.COM OR MAY CALL US ON 08866145155

FOR LIVE UPDATES ON NIFTY & BANK NIFTY KEEP VISITING OUR FACEBOOK PAGE DURING LIVE MARKET HOURS. 

https://www.facebook.com/nifty50striker/

NIFTY & BANK NIFTY VIEW FOR 18/11/2015

ONE BAD NEWS AND ALL GAINS FLUSHED AWAY IN SINGLE TRADING SESSION.

ONLY GOOD NEWS IN TODAY'S SESSION IS THAT WE HAVE NOT BROKEN MONDAY'S LOW IN TODAY'S BEAR ATTACK.

NOW AT FIRST LETS ANALYSE OPTION CHAIN CHANGES.

Atlast 8000 CE got tag of highest OI which we have been discussing from very long time. 

Important thing which we must notice is that 7700 PE still retained high OI label though we have more than 100 points fall in single session and also at the same time huge unwinding is seen in ITM puts whereas more than 14 lakh shares were added in 7800 CE during today's session so whether bulls will able to cross 7800 or not should be watched out.

NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-

RESISTANCE LEVELS:- 7804, 7861 & 7952 

SUPPORT LEVELS:- 7714

NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-

RESISTANCE LEVELS:- 16927, 17138 & 17308 
SUPPORT:- 16798 & 16587

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PUT CALL RATIO ON BASIS OF OI IS 0.68 (OVERSOLD ZONE ~ ON TRADING PERSPECTIVE) 
PE RATIO FOR NIFTY STANDS AT 20.90

FINAL CONCLUSION

NIFTY & BANK NIFTY

AS EXPIRY IS NEARBY PCR MAY NOT REFLECT TRUE VALUE SO IF ANY TRADER IS TRADING ON POSITIONAL BASIS THEN ONE MUST HAVE LOOK OVER NEXT SERIES OPTION CHAIN (WHICH ALSO MAY NOT REFLECT TRUE PICTURE) AND CHARTS (YES THEY ARE BEST ONE TO REFLECT TRUE PICTURE) 

COMING DAYS WE MAY SEE SOME VOLATILE AND UNDER CERTAIN MOVES BUT WE FEEL SOMEHOW BULLS SHALL BE ABLE TO MANAGE SPOT NIFTY TILL 7950 LEVEL BEFORE EXPIRY BUT SOME HOW IT WILL  BE TOUGH FOR THEM TO CROSS 8000 MARK. 

OPEN POSITIONS
NONE

CALL GIVEN TODAY 
RISKY TRADE. BUY BANK NIFTY 17000 CE AT 168-173 SL 135. TRGT 225-250-275
RESULT SL HIT.

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. 

YESTERDAY BEFORE TRADING SESSION CLOSED WE HAD GIVEN CAUTION ON DR REDDY'S ON OUR FACEBOOK PAGE AND ALSO TO OUR WHATSAPP SUBSCRIBERS. 

TODAY FOR MOST OF THE TIME DR REDDY'S TRADED IN RED ZONE. REASON FOR GIVING CAUTION WAS IT WAS REACTING FROM RESISTANCE/SUPPLY ZONE.  TO HAVE BETTER UNDERSTANDING LETS SEE IT ON CHARTS. 

PLEASE NOTE RESISTANCE ZONE OR SUPPLY ZONE WAS FOUND ON DAILY BASIS THEN IT WAS REFINED ON INTRADAY TIME FRAME. 

PLEASE NOTE THIS POST IS FOR EDUCAITONAL/LEARNING PURPOSE ONLY AND UNDER NO MEANS IT SHOULD BE CONSIDERED AS TRADING/CALL.

FOR LIVE UPDATES ON NIFTY & BANK NIFTY KEEP VISITING OUR FACEBOOK PAGE.

https://www.facebook.com/nifty50striker/

RIL ~ PERFECT FIBONACCI GOLDEN RATIO EXAMPLE.

RELIANCE INDUSTRIES LIMITED

On 18 June 2015 We had posted chart of Reliance Industries on our Facebook page for target of 1055 which was achieved easily on 22 July 2015. Quick link to that post is as under:-

https://goo.gl/FEcH2K

But after that this stock respecting Fibonacci Golden ratio levels with given resistance and support levels as the case may be. Please note this post is for under standing of Fibonacci golden ratio on charts other than known indicators like Moving Averages, Trendlines, MACD, RSI, Etc.

Right from top made of 1067.85/- on 23/07/2015 this stock is respecting Fibonacci golden ratio on chart. Lets try to understand that via simple charts. 

Tool which we are using is called Fibonacci Retracement, it consider recent immediate high/low & low/high helps to find out possible levels of resistance/support. 

1st Chart.

Try to see oval area in above chart. Both 61.80% & 38.2% are Golden Fibonacci Ratio. We can see bulls found it bit difficult to cross the price over those levels. (913 & 972 levels)

2nd Chart.

Again if we see oval are in above chart then we can see that stock took support at 915 level. Once stock trades above 975 levels mentioned on right side of the chart shall  be negated automatically. 

-----------------------------------------------------------

PLEASE NOTE THIS POST IS FOR EDUCATIONAL/LEARNING PURPOSE ONLY AND UNDER NO MEANS IT SHOULD BE CONSIDERED AS BUYING/SELLING OR TRADING/INVESTMENT CALL.

FOR ANY SUGGESTION/QUERY READER CAN CONTACT US ON 08866145155 OR DROP AN EMAIL ON NIFTY50STRIKER@GMAIL.COM

FOR UPDATE ON INDEX DURING LIVE TRADING HOURS KEEP VISITING OUR FACEBOOK FACE. 

WWW.FACEBOOK.COM/NIFTY50STRIKER

NIFTY & BANK NIFTY VIEW FOR 17/11/2015

TILL 12 PM TODAY BOTH INDICES RESPECTED OUR LEVELS IN ALMOST AS EXPECTED IN OUR LAST POST.

NOT ONLY THAT FROM LAST FEW POSTS WE HAVE BEEN TELLING ONE AND SAME THING THAT THOUGH 8200 CE IS HAVING HIGHEST OI TAG BUT SLOWLY SLOWLY THAT MY GET SHIFTED TO 8000 CE AND TO VALIDATE THAT WE HAVE BEEN GIVING DAILY UPDATE ON CHANGES IN NIFTY OPTION CHAIN TOO, 
TODAY OI IN BOTH THESE STRIKE PRICES (8000 & 8200) IS NOT HAVING BIG DIFFERENCE LOOKING AT NUMBER OF SESSIONS BEFORE EXPIRY...!!!

NOW AT FIRST LETS ANALYSE OPTION CHAIN CHANGES.

Today's session is having some different story. During today's session there were huge changes in options chain during trading hours and at one time 8000 CE also got highest OI tag surpassing 8200 CE.

Now again additions were seen from 7850 to 8150 CE and with some major additions in 7800 PE to 7900 PE. 

8300 CE undergone huge decrease in OI with 8200 CE. But surprisingly almost 4 lakhs shares were added in 7800 PE. 

So as per this we can say that 8000 CE shall act wall of resistance in coming days though we have highest OI in 8200 CE but that too undergone huge liquidation today.


NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-

RESISTANCE LEVELS:- 7861, 7952 & 8025

SUPPORT LEVELS:- 7804 & 7714

NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-

RESISTANCE LEVELS:- 17308 & 17478
SUPPORT:- 17138, 16927 & 16798

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PUT CALL RATIO ON BASIS OF OI IS 0.70 (OVERSOLD ZONE ~ ON TRADING PERSPECTIVE) 
PE RATIO FOR NIFTY STANDS AT 21.19

FINAL CONCLUSION

NIFTY & BANK NIFTY

AS EXPIRY IS NEARBY PCR MAY NOT REFLECT TRUE VALUE SO IF ANY TRADER IS TRADING ON POSITIONAL BASIS THEN ONE MUST HAVE LOOK OVER NEXT SERIES OPTION CHAIN (WHICH ALSO MAY NOT REFLECT TRUE PICTURE) AND CHARTS (YES THEY ARE BEST ONE TO REFLECT TRUE PICTURE) 

COMING DAYS WE MAY SEE SOME VOLATILE AND UNDER CERTAIN MOVES BUT WE FEEL SOMEHOW BULLS SHALL BE ABLE TO MANAGE SPOT NIFTY TILL 7950 LEVEL BEFORE EXPIRY BUT SOME HOW IT WILL  BE TOUGH FOR THEM TO CROSS 8000 MARK. 

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. 

NIFTY & BANK NIFTY VIEW FOR 17/11/2015

IN OUR LAST POST WE HAD SAID INDIRECTLY THAT WE ARE EXPECTING REVERSAL AS PER OPTIONS DATA AND ALSO AS PER LEVELS THAT WE GIVE THERE. NOT ONLY THAT FEW DAYS BACK WE HAD ALSO THAT WE ARE EXPECTING FLASHES NEAR TO 7700 AND THAT WAS ALSO WELL RESPECTED BY MARKET PARTICIPANTS.

NOW AT FIRST LETS ANALYSE OPTION CHAIN CHANGES.


Option data again reflecting almost similar story of last trading session. Except 7850 PE right from 7800 PE to 8300 PE all ITM PE undergone liquidation whereas on CE front 8100 CE to 8400 CE shed shares except for 8150 CE. So we can say that smart traders are exiting from ITM strike options on both sides.

But also important to say here that 7900 & 8000 CE added more than 13 lakhs in OI and from 7850 to 8150 CE if we club all these strike price options together then total about 18 lakh shares where added in OI. 

So as per per this we can say that 7900 & 8000 CE shall act wall of resistance in coming days though we have highest OI in 8200 CE but that too undergone huge liquidation today.


NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-

RESISTANCE LEVELS:- 7861, 7952 & 8025

SUPPORT LEVELS:- 7804 & 7714

NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-

RESISTANCE LEVELS:- 17307 & 17477
SUPPORT:- 17137, 16927 & 16798

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PUT CALL RATIO ON BASIS OF OI IS 0.68(OVERSOLD ZONE ~ ON TRADING PERSPECTIVE) 
PE RATIO FOR NIFTY STANDS AT 21.11

FINAL CONCLUSION

NIFTY & BANK NIFTY

IN CONTINUATION TO OUR LAST POST WE STILL HOLD SAME VIEW THAT 2-3 SESSIONS ARE IMPORTANT AND NEEDS TO BE STUDIED AND ANALYSED WITH FULL CARE AS WE MAY SEE SOME FAKE BOUNCE TO TRAP RETAIL TRADERS. 

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. 

NIFTY & BANK NIFTY VIEW FOR 16/11/2015

AGAIN IN TRADING SESSION BEARS DOMINATED IN MARKET AND BULLS REMAINED AWAY FROM STREET.

LETS CHECK WEEKLY & DAILY CHART FIRST TO HAVE BETTER UNDERSTANDING.

WEEKLY CHART:-

On weekly chart if we see then reversal kind of candle has formed (known as inverted hammer) so next 2 session are important and if Nifty sustains above 7762 level then we feel that road ahead for bulls will bit easy. 

DAILY CHART:-

Looking at above chart if in next trading session if bulls manage to stay above 7775 level then it will be clean & smooth way for bulls for coming days. As last trading session candle is doji (indecisive) candle which may act as reversal candle and trend too.

SO IN SHORT NEXT 2-3 SESSIONS ARE IMPORTANT FOR IMMEDIATE TREND FOR NIFTY LOOKING AT DAILY & WEEKLY CHART.

NOW LETS ANALYSE OPTION CHAIN CHANGES.


RIGHT FROM 7800 TO 8100 PE ALL UNDERGONE DECREASE IN OI SO WE CAN SAY THAT ALL ITM PE UNDERGONE PROFIT BOOKING WHEREAS 7605, 7700 & 7750 PE ALTOGETHER ADDED MORE THAN 400K SHARES IN OI SO IT SEEMS AT ATM & NEAR OTM OPTIONS ARE WRITTEN BY SMART TRADERS AND NOVICE TRADERS MAY HAVE BOUGHT IT.

WHEREAS ON CE FRONT EXCEPT 8100 CE RIGHT FROM 7400  TO 8250 ALL WITNESSED ADDITION BUT AGAIN 8000 CE WITNESSED HIGHEST ADDITION SO SOME SMART TRADER MAY HAVE HEDGED THEIR POSITIONS OR MAY HAVE TAKEN POSITION IN 8000 CE. 

NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-

RESISTANCE LEVELS:- 7844, 7938 & 8032

SUPPORT LEVELS:- 7727, 7656 & 7540 (PREVIOUS LOW) 

NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-

RESISTANCE LEVELS:- 17163 & 17494.
SUPPORT:- 16896, 16628 & 16297

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PUT CALL RATIO ON BASIS OF OI IS 0.68(OVERSOLD ZONE ~ ON TRADING PERSPECTIVE) 
PE RATIO FOR NIFTY STANDS AT 20.97

FINAL CONCLUSION

NIFTY & BANK NIFTY

PREVIOUS DAY LOW 7730 IF REMAIN SAFE AND BULLS IF MANGE TO CLOSE IN GREEN MARKET FOR 2-3 SESSION THEN UPSIDE MOVE TILL 7950- 7980 MAY COME EASILY. 

OPEN POSITIONS
NONE

CALL GIVEN DURING LAST TRADING SESSION
BUY 7800 CE AT 78-80 SL 59 FOR TARGET OF 110-130-150
LOW OF 58.75 MADE AND SL WAS TRIGGERED. 

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. 

APOLLO HOSPITALS...!!!

APOLLO HOSPITAL IS DOWNSIDE OVER...???

This stock is down more than 15% from its life high and over 7% in last 5 sessions but over long term stock is consistent performer beating its peers. 

Now lets try to understand trend for chart on weekly and daily basis. 

WEEKLY CHART

DAILY CHART

At first moves were weekly basis and refined to daily chart too for easy understanding.

In above chart we can see that stock is making lower highs on medium term perspective but in last 5 sessions stock given almost one sided move.

Now if we analyse this stock on pattern perspective then stock has achieved its downside target as per inverted flag & pole pattern (distribution pattern) too.

Lets study chart as per that pattern.

See in this chart at first

• Pole length is 134 points approximate (from 1435-1301) (Extreme vertical line)
• Flag formation by 5 candles in price range of 1301 to 1375.
• Breakout on downside from 1345-1348 levels but from flag levels (1375) target comes to 1241 approximately (1375-134) and low made during last trading session is 1240.20

SO CONCLUSION IS STOCK IS AT SUPPORT LEVEL AND WE CAN EXPECT BOUNCE BACK IN THIS COUNTER.

PLEASE NOTE THIS POST IS FOR EDUCATIONAL/LEARNING ONLY AND UNDER NO MEANS IT SHOULD BE CONSIDERED AS BUYING/SELLING OR TRADING/INVESTMENT CALL. 

WE ARE NOT RESPONSIBLE FOR ANY FINANCIAL IMPLICATIONS IF ANY POSITION IS TAKEN ON BASIS OF THIS BLOG POST. 

FOR ANY SUGGESTION/QUERY READER CAN CONTACT US ON 08866145155 OR DROP AN EMAIL ON NIFTY50STRIKER@GMAIL.COM

FOR UPDATE ON INDEX DURING LIVE TRADING HOURS KEEP VISITING OUR FACEBOOK PAGE.

WWW.FACEBOOK.COM/NIFTY50STRIKER

MELTING MARUTI...!!!

DURING LAST TRADING SESSION MARUTI LIMITED FELL BY MORE THAN 2.50% OVER ITS PREVIOUS CLOSE...!!!

LETS SEE WHAT WERE THE REASONS FOR STOCK TO FALL...!!! 

SUPPLY ZONE ON DAILY CHARTS.

Now in above chart we can see that Maruti stock price entered in supply zone and reacted sharply during last trading session. 

Now demand zone for this stock comes near to 4530-4540 levels. 

DOUBLE TOP

Along with supply zone stock was also approaching towards its previous life-high level and previous top of 4763 that also acted as resistance levels and whatever happened thereafter is not unknown to any trader. 

Below chart shall give clear idea about it. 

Now strong support zone for this comes in 4580-4555 zone.

BOLLINGER BAND

Whole candle outside Bollinger Band (Exceptional case) 

Though Diwali session was too short on duration & volume basis so it was too risky to short at those levels but still that session candle closed completely outside Bollinger Band and sharp reaction was seen during last trading session. 

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PLEASE NOTE THIS POST IS FOR EDUCATION ONLY AND UNDER NO MEANS IT SHOULD BE CONSIDERED AS TRADING VIEW/CALL/SUGGESTION. 

AT PRESENT WE DO NOT HOLD ANY POSITION IN SAID STOCK. 

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FOR UPDATES ON INDICES PLEASE VISIT OUR FB PAGE FOR UPDATES. 

https://www.facebook.com/nifty50striker/

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FOR ANY SUGGESTION/QUERY READER CAN CONTACT US ON NIFTY50STRIKER@GMAIL.COM OR 08866145155