NEW SERIES STARTED AND BULLS TRIED TO GAIN MOMENTUM WHICH THEY LACKED IN DECEMBER SERIES ALMOST.
NIFTY RALLIED MORE THEN 135 POINTS IN SINGLE TRADING SESSION AND IF WE CONSIDER THIS GAIN IN PERCENTAGE TERMS THEN AFTER 04/03/2015 (DAY WHEN NIFTY MADE LIFE HIGH) IT IS HIGHEST GAIN...!!!
PE RATIO FOR NIFTY STANDS AT 20.22NIFTY RALLIED MORE THEN 135 POINTS IN SINGLE TRADING SESSION AND IF WE CONSIDER THIS GAIN IN PERCENTAGE TERMS THEN AFTER 04/03/2015 (DAY WHEN NIFTY MADE LIFE HIGH) IT IS HIGHEST GAIN...!!!
ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.
Option chain is yet to built up and judging support and resistance on basis of option chain will not wise thing but still following changes took place in Nifty & Bank Nifty during last trading session.
Good additions were seen in 7400 PE during last trading session which indirectly may act support in next 2-3 sessions. Further if we see CE front additions then mammoth additions took place in 7600, 7700, 7800 & 7900 CE. It will be interesting to see which CE takes highest OI tag after 3 sessions from now.
We are not able to analyse Bank Nifty Chain as due NSE website link for Bank Nifty option chain is not getting opened.
Highest OI tag for Nifty is with 7400 PE & 7600 CE. (February series)
Good additions were seen in 7400 PE during last trading session which indirectly may act support in next 2-3 sessions. Further if we see CE front additions then mammoth additions took place in 7600, 7700, 7800 & 7900 CE. It will be interesting to see which CE takes highest OI tag after 3 sessions from now.
We are not able to analyse Bank Nifty Chain as due NSE website link for Bank Nifty option chain is not getting opened.
Highest OI tag for Nifty is with 7400 PE & 7600 CE. (February series)
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
RESISTANCE LEVELS:- 7607, 7693 & 7800
SUPPORT LEVELS:- 7520, 7414 & 7348
SUPPORT LEVELS:- 7520, 7414 & 7348
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-
RESISTANCE LEVELS:- 15638, 15911 & 16183
SUPPORT LEVELS:- 15300, 15092, & 14754
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
SUPPORT LEVELS:- 15300, 15092, & 14754
PE RATIO FOR BANK NIFTY STANDS AT 16.11
NIFTY PCR ON BASIS OF OI IS 1.14
BANK NIFTY PCR ON BASIS OF OI IS 0.99
FINAL CONCLUSION
Still we feel Nifty options chain may not reflect true picture and Bank Nifty options data is not available so we shall try to give our view before market opens tomorrow.
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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 & OPTIONS DATA BUT IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGISE FOR IT.
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 & 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
Bank Nifty Tips
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