NIFTY & BANK NIFTY VIEW FOR 06/01/2016

NOW ITS TIME FOR BANK NIFTY...!!!!

IN OUR LAST POST WE HAD SAID THAT WE TOO SEE SOME DOWNSIDE BUT IT WILL BE LIMITED. INFACT FOR BANK NIFTY WE HAD ALSO SAID THAT FLASHES NEAR TO 16500 CAN ALSO BEEN WHICH WAS WELL RESPECTED TODAY...!!!

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Good additions were seen in 7500, 7600 & 7700 PE. But 8000 CE undergone huge addition which may take away highest OI tag of 8200 CE (our expectation)

Bank Nifty highest OI tag remains with 16500 PE & 17500 CE. 

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:- 16524, 16396 & 16316

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.07 (dated 04/01/2016)
PUT CALL RATIO ON BASIS OF OI IS 0.97

FINAL CONCLUSION

AFTER SUDDEN ONE SIDED MOVE JUST AT START OF SERIES WE FEEL SUDDEN ONE SIDED MOVE IS BIT DIFFICULT TO COME BEFORE WE SEE GOOD OI BUILT UP IN OPTIONS. 

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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.