NIFTY & BANK NIFTY VIEW FOR 21/12/2015

DAY UP AND ONE DAY DOWN...!!!

RESULTING DECAY OF OPTION PREMIUM AND OPTION WRITERS ENJOYING SHOW...!!!

RIGHT FROM START OF THIS SERIES WE HAD GIVEN OUR CAUTION TOWARDS HIGH OI IN 8000 PE.

FOR EASY UNDERSTANDING WE ARE TRYING TO POST 8000 PE CHART WITH OI AT THE START OF SERIES.

AND BELOW IS 8000 PE CHART WITH OI AT PRESENT.

TO UNDERSTAND MORE HOW OPTIONS DATA HELPS IN TAKING/INITIATING TRADE, READER CAN CONTACT US ON 08866145155


NOW LETS DISCUSS OPTIONS DATA FOR NIFTY.

Nothing big has changed in option chain during last trading session. Highest OI tag remains with 7500 PE & 8000 CE and 8000 PE proving it full effect but not letting bulls to cross 8000 (spot Nifty basis) for single trading session in this entire series...!!!

Next few sessions shall be critical for Bulls & Bears...!!! We are on wait and watch mode for Nifty trading...!!!

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

RESISTANCE LEVELS:- 7782, 7808 & 7852

SUPPORT LEVELS:- 7738, 7702 & 7666


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

RESISTANCE LEVELS:- 16634, 16687 & 16771
SUPPORT:- 16548, 16480 & 16411

NOW LETS SEE SOME IMPOTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 20.99
PUT CALL RATIO ON BASIS OF OI IS 0.84

FINAL CONCLUSION

NIFTY

AS DISCUSSED IN OPTIONS DATA ANALYSIS WE FEEL THAT NEXT FEW SESSIONS NIFTY MAY MOVE IN RANGE OF 7700 TO 8000. WE FEEL OPTIONS WRITERS SHALL BE ENJOYING ZIG ZAG MOVES IN COMING DAYS. 

OPEN POSITIONS
BANK NIFTY NIFTY 16000 PE & 17200 CE.
MARUTI 4500 PE & 4800 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.

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.