MANY TRADERS WERE CURIOUS AND FEW AMONGST THEM ALSO SLEPT LATE LAST NIGHT ON ACCOUNT OF FED EVENT BUT WE HAD CLEARLY SAID THAT BULLS MAY CONTINUE THEIR UPSIDE MOMENTUM AND RESULT IS IN FRONT OF US...!!!
ALSO IN TODAY'S MARKET ONE SURPRISING THING WAS THAT INDEX OPTIONS DID NOT MOVED IN EXPECTED WAY AS INDICES DID...!!! THAT IS ONLY DUE TO HIGH IV (IN LAYMAN TERMS HIGH PREMIUM)
NOW LETS DISCUSS OPTIONS DATA FOR NIFTY & BANK NIFTY.
ALSO IN TODAY'S MARKET ONE SURPRISING THING WAS THAT INDEX OPTIONS DID NOT MOVED IN EXPECTED WAY AS INDICES DID...!!! THAT IS ONLY DUE TO HIGH IV (IN LAYMAN TERMS HIGH PREMIUM)
NOW LETS DISCUSS OPTIONS DATA FOR NIFTY & BANK NIFTY.
Right from 7000 till 9000 CE (no considered xx50 strike price CE) all under gone liquidation and major liquidation was seen in few nearby ITM & OTM with ATM CE which can be considered due to high premium option writers may have exited today...!!!
But if we talk about PE front then major liquidation also took place in 7500 & 7400 PE. But 7700 & 7800 PE added more than 800k & 700k added in OI. So some how we feel that for next few session Nifty range will be 7700-8000.
But if we talk about PE front then major liquidation also took place in 7500 & 7400 PE. But 7700 & 7800 PE added more than 800k & 700k added in OI. So some how we feel that for next few session Nifty range will be 7700-8000.
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
RESISTANCE LEVELS:- 7878 & 7916
SUPPORT LEVELS:- 7815, 7765 & 7715
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-
RESISTANCE LEVELS:- 16998 & 17189
SUPPORT:- 16688, 16497 & 16379
NOW LETS SEE SOME IMPOTANT NIFTY RATIO
SUPPORT:- 16688, 16497 & 16379
NOW LETS SEE SOME IMPOTANT NIFTY RATIO
PE RATIO FOR NIFTY STANDS AT 21.
PUT CALL RATIO ON BASIS OF OI IS 0.21
FINAL CONCLUSION
NIFTY
AS DISCUSSED IN OPTIONS DATA ANALYSIS WE FEEL THAT NEXT FEW SESSIONS NIFTY MAY MOVE IN RANGE OF 7700 TO 8000.
OPEN POSITIONS
BANK NIFTY NIFTY 16000 PE & 17200 CE.
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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