NIFTY & BANK NIFTY VIEW FOR 22/01/2016

US MARKET RECOVERED FROM DEEP RED, NIFTY TOO OPENED WITH GAP ON POSITIVE SIDE BUT STILL WE CLOSED IN RED...!!!

THOUGH NEAR TO JANUARY SERIES EXPIRY OUR OPTIONS DATA ARE WORKING AS PER EXPECTATION...!!!

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Same story continues...!!!

Nearby ITM PE undergoing liquidation and near by ATM or ITM Ce undergoes addition in OI. 

But surprisingly 7300 PE is proving its worth with 15000 PE for Bank Nifty too...!!! (We have ignored today's close while considering 7300 PE OI & change in OI) We all have seen that during today's session we have seen that Bank Nifty was strong in comparison to Nifty...!!!

Highest OI tag for Nifty is with 7300 PE & 7500 CE. (January series) 

Highest OI tag for Nifty is with 7000 PE & 8000 CE. (February series) 

Highest OI tag for Bank Nifty is with 15000 PE & 16000 CE. (January series)

Highest OI tag for Bank Nifty is with 14000 PE & 16000 CE. (February series) 

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

RESISTANCE LEVELS:- 
Will be posted on our FB page once market opens tomorrow.
SUPPORT LEVELS:- 
Will be posted on our FB page once market opens tomorrow.

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

RESISTANCE LEVELS:- 
Will be posted on our FB page once market opens tomorrow.
SUPPORT:- 
Will be posted on our FB page once market opens tomorrow.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 19.65
PUT CALL RATIO ON BASIS OF OI IS 0.85

FINAL CONCLUSION

Looking at unwinding in ITM PE & addition ATM & OTM CE (7300, 7400, 7500 & 7600 CE) can be interpreted as some volatility with minor positive bias on closing basis with high chances of  flashes near to 7250 spot Nifty. 

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TECHNICAL ANALYSIS WORKSHOP

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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.

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ABOUT AUTHOR ~ MANUSH VADHER

WORKING AS SHAREKHAN SUB BROKER AND HOLDING MASTER DEGREE IN FINANCE HAVING EXPERIENCE OVER 10 YEARS IN CAPITAL MARKET.