FIRST DAY OF NEW SERIES AND BULLS ATLEAST MANAGED TO LIFT NIFTY IN THEIR FAVOUR.
BEFORE WE DISCUSS ANYTHING FURTHER WE WOULD LIKE TO DISCUSS OPEN INTEREST IN NIFTY 8000 PE.
LETS HAVE LOOK AT IT VIA SIMPLE CHART.
WE CAN SEE THAT RIGHT FROM START OF DECEMBER SERIES OI IN THIS PUT OPTION IS VERY HIGH.
NOW LETS TRY TO SEE NIFTY SPOT CHART.
IN ABOVE CHART WE HAVE TRIED TO INDICATE NIFTY TOP IN MONTH OF DECEMBER (HAPPENED AT START OF SERIES)
DURING LAST SERIES ALSO 8000 PE WAS HAVING SOMEWHAT SAME SCENARIO BUT THAT WAS ON VERY LONG TIME FRAME.
ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.
BEFORE WE DISCUSS ANYTHING FURTHER WE WOULD LIKE TO DISCUSS OPEN INTEREST IN NIFTY 8000 PE.
LETS HAVE LOOK AT IT VIA SIMPLE CHART.
WE CAN SEE THAT RIGHT FROM START OF DECEMBER SERIES OI IN THIS PUT OPTION IS VERY HIGH.
NOW LETS TRY TO SEE NIFTY SPOT CHART.
IN ABOVE CHART WE HAVE TRIED TO INDICATE NIFTY TOP IN MONTH OF DECEMBER (HAPPENED AT START OF SERIES)
DURING LAST SERIES ALSO 8000 PE WAS HAVING SOMEWHAT SAME SCENARIO BUT THAT WAS ON VERY LONG TIME FRAME.
ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.
Massive additions were seen in 8200 & 8300 CE with 7900 & 7700 PE.(Considered top 2 on both sides) Though highest OI tag is with 7800 PE & 8200 CE in their respective category.
Bank Nifty highest tag is with 16500 PE & 17500 CE.
Please note this analysis may change with change in option chain.
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
Bank Nifty highest tag is with 16500 PE & 17500 CE.
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:-
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-
RESISTANCE LEVELS:- 17189 & 17307
SUPPORT:- 16998 , 16843, & 16688
NOW LETS SEE SOME IMPOTANT NIFTY RATIO
SUPPORT:- 16998 , 16843, & 16688
NOW LETS SEE SOME IMPOTANT NIFTY RATIO
PE RATIO FOR NIFTY STANDS AT 21.53
PUT CALL RATIO ON BASIS OF OI IS 0.96
FINAL CONCLUSION
AS DISCUSSED IN OPTIONS DATA ANALYSIS WE FEEL THAT ONCE 8000 IS CROSSED THEN ROAD FOR 8120-8170 WILL BE CLEARED EASILY.
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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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