NIFTY & BANK NIFTY VIEW FOR 05/01/2016

BULLS WERE NOT ABLE CLEAR 37 POINTS FROM PREVIOUS CLOSE AND BEARS MANAGED TO BLEED NIFTY MORE THAN 170 POINTS...!!!

IF YOU ARE REGULAR READER OF OUR BLOG POSTS THEN YOU MUST BE AWARE THAT IN OUR LAST BLOG POST WE HAD SAID THAT UPSIDE LEVELS TO WATCH US 8120-8170 BUT ONLY ONCE NIFTY CROSSES 8000 MARK.

NOT ONLY THAT WE TRIED TO EXPLAIN VIA SIMPLE CHART OF 8000 PE (WITH OI) & SPOT NIFTY (DAILY BASIS) THOSE WHO WANT TO REFER OUR LAST POST ARE REQUESTED TO CLICK ON BELOW LINK.

http://nifty50view.blogspot.in/2016/01/nifty-bank-nifty-view-for-04012016.html

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Massive additions were seen in 7800 & 8200 CE with 7700, 7800 & 7700 PE.

With today's fall highest PE Front OI tag has also changed. 7500 PE took highest OI tag with 8200 CE remained as it is...!!!

Infact we expect that in coming days 8000 CE may take away highest OI tag from 8200 CE.

Massive additions were seen in 16500 PE (infact highest among all call-put options) so some how we feel that we may see some moves near to 16500 or even below. (This is valid only for next 3-4 sessions as option data/chain changes daily)

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

RESISTANCE LEVELS:- 7811, 7873 & 7911
SUPPORT LEVELS:- 7762, 7712 & 7650

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

RESISTANCE LEVELS:- 16628 & 16731
SUPPORT:- 16523, 16396 & 16316

NOW LETS SEE SOME IMPOTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.07
PUT CALL RATIO ON BASIS OF OI IS 1.04

FINAL CONCLUSION

AS DISCUSSED IN OPTIONS DATA ANALYSIS WE FEEL WE CAN SEE STILL DOWNSIDE MOVES IN COMING DAYS BUT IT WILL BE LIMITED.

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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.

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.