ATLAST THAT CHANGE TOOK PLACE IN NIFTY OPTION CHAIN WHICH WE WERE WAITING...!!!
7300 PE SNATCHED AWAY HIGHEST OI TAG FROM 7500 PE RUTHLESSLY...!!!
NOT ONLY THIS BUT AS MENTIONED IN OUR LAST POST HEAVY LIQUIDATIONS IN CALL OPTIONS ALSO PROVED ITS WORTH...!!!
ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.
PE RATIO FOR NIFTY STANDS AT 20.387300 PE SNATCHED AWAY HIGHEST OI TAG FROM 7500 PE RUTHLESSLY...!!!
NOT ONLY THIS BUT AS MENTIONED IN OUR LAST POST HEAVY LIQUIDATIONS IN CALL OPTIONS ALSO PROVED ITS WORTH...!!!
ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.
Good quantum of additions were seen in 7700 & 7900 CE, but liquidation in 7800 & 8000 CE leads to some confusion over move in Nifty on basis of this change.
On PE front heavy additions took place in 7300 PE with additions in 7400 & 7500 PE which can be considered as more downside moves in coming days.
If we talk about Bank Nifty then somehow Bulls are managing to take support near to 15500 which we feel may not continue in coming days if Nifty closes below 7500.
Highest OI tag for Bank Nifty is with 15500 PE & 17000 CE.
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
On PE front heavy additions took place in 7300 PE with additions in 7400 & 7500 PE which can be considered as more downside moves in coming days.
If we talk about Bank Nifty then somehow Bulls are managing to take support near to 15500 which we feel may not continue in coming days if Nifty closes below 7500.
Highest OI tag for Bank Nifty is with 15500 PE & 17000 CE.
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
RESISTANCE LEVELS:- 7551, 7612 & 7651
SUPPORT LEVELS:- 7452, 7390 & 7340
SUPPORT LEVELS:- 7452, 7390 & 7340
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-
RESISTANCE LEVELS:- 15645, 15748 & 15852
SUPPORT:- 15516, 15437 & 15308
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
SUPPORT:- 15516, 15437 & 15308
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
PUT CALL RATIO ON BASIS OF OI IS 0.91
FINAL CONCLUSION
If we ignore additions in CE front time being then additions in 7300, 7400 & 7500 PE gives hint of more downside than upside and if this is the case then we may see Nifty sustaining below 7500 too. Already we have seen today that Nifty closed almost flat but Bank Nifty closed with loss over 250 points or 1.50% over its previous close.
----------------------------------------------------------------------
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
ReplyDelete