NIFTY & BANK NIFTY VIEW FOR 28/12/2015

OPTIONS DATA ROCKS AGAIN...!!!

IN OUR LAST POST WE HAD SAID CLEARLY WE EXPECT NIFTY EITHER TO CLOSE FLAT OR NEGATIVE AND BULLS & BEARS RESPECTED OUR VIEW...!!!

TO SUPPORT OUR VIEW WE ALWAYS GIVE OUR OPTIONS DATA ANALYSIS TOO.

PLEASE NOTE IN CONTINUATION TO OUR EXPIRY TRADES (WHICH WE HAD SHARED IN LAST EXPIRY VIA WHATSAPP) THIS TIME ALSO WE ARE PLANNING TO SHARE ALL THOSE WANT TO LEARN. INFACT WE HAVE ALREADY STARTED OPTIONS WRITING TRADES FROM LAST 6 SESSIONS (THIS IS ONLY DUE TO HUGE VARIATIONS SEEN IN OPTIONS DATA AND ONE SIDE MOVE WAS NOT EXPECTED IN INDEX WHICH HAPPENED TOO...!!!)

NOW LETS DISCUSS OPTIONS DATA FOR NIFTY & BANK NIFTY

Huge addition was seen in 7950 CE & 7850 PE during last trading session. So we feel somehow range done next trading session shall remain between these 2 levels only...!!!

Also far money OTM CE & PE are undergoing liquidation which means that options traders are liquidating their positions in these options.  

Next series highest OI tag remains with 7500 PE & 8200 CE. So looking at this we feel that next series range shall be between these 2 levels only. 

Now if we see Bank Nifty then highest OI tag is with 16000 PE & 17500 CE (but 17000 CE is almost neck to neck with 17500 CE)

Next series Bank Nifty option chain gives hint to range of 15500 to 17500. 

So in this way we can say that road ahead for BULL may not be easy...!!!

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:- 7878, 7916 & 7979

SUPPORT LEVELS:- 7815, 7765, 7714 & 7652

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 21.26
PUT CALL RATIO ON BASIS OF OI IS 0.96

FINAL CONCLUSION

NIFTY

AS DISCUSSED IN OPTIONS DATA ANALYSIS WE FEEL THAT IN NEXT TRADING SESSION ALSO WE MAY SEE SOME CONSOLIDATION AND OPTIONS TRADERS SHALL  BE ENJOYING PREMIUM DECAY.

CLOSED POSITIONS

BANK NIFTY NIFTY 16000 PE & 17200 CE. (ENTERED AT 120 AND EXITED AT 40 THUS GAIN OF 80 POINTS )

MARUTI 4800 CE (ENTERED AT 19-21 RANGE AND EXITED AT 5-7 THUS GAIN ABOUT 14-16 POINTS) 

OPEN POSITIONS
BANK NIFTY(HEDGED TRADE)
WRITE/SELL ENTERED IN 16400 PE & 17000 CE (BANK NIFTY) COMBINED PREMIUM 100 

MARUTI (HEDGED TRADE)
WRITE/SELL 4500 PE (ENTERED IN RANGE OF 19-21)
4700 CE (ENTERED AT RANGE OF 23)

LUPIN (NAKED TRADE)
WRITE/SELL 1850 CE AT 12.40

ASHOK LEYLAND (NAKED TRADE)
WRITE/SELL 90 CE AT 0.70

DISH TV ASHOK LEYLAND (NAKED TRADE)
WRITE/SELL 100 CE AT 1.10

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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 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 7 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.