BULLS OR BEARS WHO RULED TODAY BIT CONFUSING TO SAY...!!!
BUT OUR CALL ROCKED ON BANK NIFTY ROCKED...!!!
NOW IF WE TALK ABOUT OUR LAST POST THEN IN THAT WE HAD SAID CLEARLY THAT WE DO NOT SEE NIFTY GOING BELOW 7500 DECISIVELY WHEREAS TODAY'S LOW IS 7494 AND SHARP RECOVERY WAS SEEN FROM LOWER LEVELS.
ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.
PE RATIO FOR NIFTY STANDS AT 20.56 (FRIDAY'S CLOSE BASIS)BUT OUR CALL ROCKED ON BANK NIFTY ROCKED...!!!
NOW IF WE TALK ABOUT OUR LAST POST THEN IN THAT WE HAD SAID CLEARLY THAT WE DO NOT SEE NIFTY GOING BELOW 7500 DECISIVELY WHEREAS TODAY'S LOW IS 7494 AND SHARP RECOVERY WAS SEEN FROM LOWER LEVELS.
ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.
High OI in 7500 PE acted as support but huge addition in 7300 PE & 7400 PE creates some doubt over road ahead for Bulls.
Huge additions were seen in 7700 CE to 8000 CE.
Highest OI tag remains with 8000 CE & 7500 PE for Nifty, whereas for Bank Nifty it is with 15500 PE & 17000 CE.
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
Huge additions were seen in 7700 CE to 8000 CE.
Highest OI tag remains with 8000 CE & 7500 PE for Nifty, whereas for Bank Nifty it is with 15500 PE & 17000 CE.
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
RESISTANCE LEVELS:- 7650, 7712 & 7762
SUPPORT LEVELS:- 7551, 7390 & 7340
SUPPORT LEVELS:- 7551, 7390 & 7340
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-
RESISTANCE LEVELS:- 16188, 16395 & 16524
SUPPORT:- 15852, 15748 & 15644
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
SUPPORT:- 15852, 15748 & 15644
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
PUT CALL RATIO ON BASIS OF OI IS 0.87
FINAL CONCLUSION
As mentioned in our last post we feel that road ahead for Bulls shall not be easy. But additions in 7300 & 7400 PE leads to some doubt over smooth road ahead for BULLS.
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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
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