NIFTY & BANK NIFTY VIEW FOR 16/12/2015

LAST 2 TRADING SESSION BULLS MANAGED TO LIFT NIFTY ALMOST 100 POINTS FROM FRIDAY'S CLOSE AND ALMOST 150 POINTS FROM WEEKLY LOW...!!!

NOW LETS DISCUSS OPTIONS DATA FOR NIFTY & BANK NIFTY.

In  last couple of posts we had mentioned that 7500 PE shall act as good support and this is what has happened. Now on higher side 8000 CE is strong resistance. Irrespective of any outcome of FED event we do not see Nifty crossing 8000 mark in this series also 7500 shall not be broken easily. 

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

RESISTANCE LEVELS:- 7714 & 7765

SUPPORT LEVELS:- 7652 & 7613


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

RESISTANCE LEVELS:- 16497 & 16689
SUPPORT:- 16379 & 16188
NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PUT CALL RATIO ON BASIS OF OI IS 0.91
PE RATIO FOR NIFTY STANDS AT 20.82

FINAL CONCLUSION

NIFTY

HUGE ADDITIONS IN 7500, 7600 & 7700 PE WITH HIGHEST OI IN 8000 CE MAKES EITHER SIDE MOVE BIT DOUBTFUL. OPTIONS TRADERS CAN ENTER IN ENTER INTO SHORT STRANGLE OPTION STRATEGY.  

OPEN POSITIONS
NONE

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ABOUT AUTHOR ~ MANUSH VADHER

WORKING AS SHAREKHAN SUB BROKER AND HOLDING MASTER DEGREE IN FINANCE HAVING EXPERIENCE OVER 10 YEARS IN CAPITAL MARKET.