NIFTY & BANK NIFTY VIEW FOR 30/12/2015

LAST FEW SESSIONS NIFTY IS MOVING IN DOT TO DOT MANNER AS WE EXPECT IN OUR DAILY BLOG POST...!!!

IN OUR LAST POST WE HAD SAID THAT WE EXPECT SOME VOLATILITY DUE TO ADDITION IN 7900 PE WHICH WAS WELL RESPECTED IN SECOND HALF YESTERDAY...!!!

NOW WE HAVE ONLY 2 SESSIONS LEFT FOR DECEMBER SERIES EXPIRY SO SOME VOLATILE MOVES WHICH WILL RESULTING INTO TRAP ON BOTH SIDE TRADES FOR DECEMBER SERIES. (ON BASIS OF OPTIONS DATA FOR CURRENT SERIES)

NOW LETS DISCUSS OPTIONS DATA FOR NIFTY & BANK NIFTY

We are not discussing any liquidation part in Nifty but during last trading session some additions were seen in right from 7850 to 7950 PE and 8000 & 8050 CE strike prices. 

Next series highest OI tag remains with 7800 PE & 8200 CE. So looking at this we feel that next series range shall be between these 2 levels only. (Range contracted)

Now if we see Bank Nifty then highest OI tag is with 16500 PE & 17500 CE. Some liquidation took place in Bank Nifty 17000 CE which can be considered as shifting of momentum towards 17500 CE time being but looking at number of sessions left in this expiry we feel longs are liquidated in it.

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

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

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

RESISTANCE LEVELS:- 7979, 8042 & 8080

SUPPORT LEVELS:- 7917, 7878 & 7815

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

RESISTANCE LEVELS:- 16998 & 17189
SUPPORT:- 16843, 16688 & 16498 

NOW LETS SEE SOME IMPOTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.44
PUT CALL RATIO ON BASIS OF OI IS 1.04

FINAL CONCLUSION

NIFTY

AS DISCUSSED IN NIFTY OPTIONS DATA ANALYSIS LOOKING AT ADDITIONS MADE IN NEARBY STRIKE PRICE CE & PE AND EXPIRY WE FEEL SOME VOLATILE MOVES ARE EXPECTED IN NIFTY (WHICH MORE OR LESS CAN ALSO AFFECT BANK NIFTY TOO) 

BANK NIFTY IS INCHING ON HIGHER SIDE FOR CROSSING 17000 BARRIER ON CLOSING BASIS.

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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.