AS DISCUSSED IN OUR LAST POST 8000 CE TOOK TAG OF HIGHEST OI FROM 8200 CE...!!!
ALSO THIS CAN BE INTERPRETED AS UPSIDE RESISTANCE. BUT TODAY'S MOVE WAS BIT DISAPPOINTING FOR US AS WE DID NOT EXPECTED NIFTY TO FALL.
ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.
ALSO THIS CAN BE INTERPRETED AS UPSIDE RESISTANCE. BUT TODAY'S MOVE WAS BIT DISAPPOINTING FOR US AS WE DID NOT EXPECTED NIFTY TO FALL.
ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.
Good additions were seen in 7400, 7500, 7600 & 7700 PE. But 8000 CE undergone huge addition and it became highest OI CE (indirectly resistance for this series)
Bank Nifty highest OI tag remains with 16500 PE & 17500 CE. But looking at 16000 PE OI it seems very soon it may become highest OI PE in coming sessions.
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
Bank Nifty highest OI tag remains with 16500 PE & 17500 CE. But looking at 16000 PE OI it seems very soon it may become highest OI PE in coming sessions.
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
RESISTANCE LEVELS:- 7762, 7811 & 7873
SUPPORT LEVELS:- 7712 & 7650
SUPPORT LEVELS:- 7712 & 7650
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-
RESISTANCE LEVELS:- 16524, 16628 & 16731
SUPPORT:- 16396 & 16316
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
SUPPORT:- 16396 & 16316
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
PE RATIO FOR NIFTY STANDS AT 20.93
PUT CALL RATIO ON BASIS OF OI IS 0.94
FINAL CONCLUSION
Today's close of Bank Nifty is below highest 16500 mark (Highest PE OI) but Nifty highest OI on PE front is at 7500 so we can say still some downside cannot be ruled out.
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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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