NIFTY & BANK NIFTY VIEW FOR 22/12/2015

TODAY BULLS MANAGED TO LIFT NIFTY NEAR TO 7850 LEVELS...!!!

BANK NIFTY TOO CLOSED ABOVE 16800 MARK...!!!

NOW LETS DISCUSS OPTIONS DATA FOR NIFTY.

If we see today's options data then again it is mirror image of last Thursday's data wherein we had seen liquidation took place in CE where as additions were seen in near by ATM, ITM & OTM PE strike options. 

Also huge additions were seen in 7800 PE which gives indication of consolidated moves in coming days. 

If we talk about Bank Nifty then again base (support) is expected at 16000 levels (due to high OI in 16000 PE) whereas on upside 17000 CE witnessed some liquidation so we feel upside is bit restricted.  

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

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:- 7852 & 7915

SUPPORT LEVELS:- 7781, 7738 & 7702


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

RESISTANCE LEVELS:- 16843, 16997 & 17189
SUPPORT:- 16688 & 16498 

NOW LETS SEE SOME IMPOTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.19
PUT CALL RATIO ON BASIS OF OI IS 0.90

FINAL CONCLUSION

NIFTY

AS DISCUSSED IN OPTIONS DATA ANALYSIS WE FEEL THAT NEXT FEW SESSIONS NIFTY MAY MOVE IN RANGE OF 7700 TO 8000 (REPEAT COMMENT) 

WE FEEL OPTIONS WRITERS SHALL BE ENJOYING ZIG ZAG MOVES IN COMING DAYS. 

OPEN POSITIONS
BANK NIFTY NIFTY 16000 PE & 17200 CE. (ENTERED AT 120 NOW BELOW 70)
MARUTI 4500 PE & 4800 CE (ENTERED AT 40 NOW BELOW 25/-)

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STANDARD DISLCOSURE:-

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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.