NIFTY & BANK NIFTY VIEW FOR 01/01/2016

CONSOLIDATION AND SUDDEN JUMP ON UPSIDE...!!!

LAST 2 TRADING SESSIONS MOVED AS PER OUR EXPECTATION AGAIN...!!!

ANYWAY REASON FOR NIFTY (SPOT) DID NOT CROSS 8000 MARK IN DECEMBER SERIES WAS HIGH OI IN 8000 PE RIGHT FROM STARTING...!!! (WHICH WE TRIED TO EXPLAIN COUPLE OF TIMES IN OUR DAILY BLOG POSTS)

NOW LETS DISCUSS OPTIONS DATA FOR NIFTY & BANK NIFTY

As today is 1st day of new series and option chain is yet to be built up so we feel that at present options data may not reveal true picture. Nifty highest OI tags are with 7800 PE & 8200 CE.

Now if we see Bank Nifty then highest OI tag is with 16000 PE & 17500 CE. 

Please note this analysis may change with change in option chain. 

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

RESISTANCE LEVELS:- 7979 &  8042 

SUPPORT LEVELS:- 7917, 7878 & 7815

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

RESISTANCE LEVELS:- 17045 & 17162
SUPPORT:- 16843, 16717 & 16617

NOW LETS SEE SOME IMPOTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.49
PUT CALL RATIO ON BASIS OF OI IS 1.02

FINAL CONCLUSION

AS DISCUSSED IN OPTIONS DATA ANALYSIS WE ARE NOT YET IN POSITION TO COMMENT ON MOVES IN INDEX AS PER OPTIONS DATA. 

BANK NIFTY IS INCHING ON HIGHER SIDE FOR CROSSING 17000 BARRIER ON CLOSING BASIS. (REPEAT COMMENT)

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

STANDARD DISLCOSURE:-

PLEASE NOTE THESE MOVES ARE AS PER CHARTS AND OPTIONS CHAIN WHICH 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. WHILE UTMOST CARE HAS BEEN TAKEN WHILE ANALYSING CHARTS & OPTIONS DATA BUT IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGISE FOR IT.

WE REQUEST ALL READERS TO GIVE THEIR FEEDBACK ON NIFTY50STRIKER@GMAIL.COM OR BY CALLING/WHATSAPP MESSAGE ON 08866145155 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.