ONLY 3 SESSIONS WERE LEFT IN EXPIRY BUT STILL OUR VIEW BASED ON OPTIONS DATA ROCKEd...!!!
AS WE HAVE ONLY 2 SESSIONS LEFT FOR JANUARY SERIES EXPIRY SO WE FEEL THAT SOME VOLATILE MOVES CAN BE SEEN AND OPTIONS DATA MAY NOT REFLECT TRUE PICTURE.
PE RATIO FOR NIFTY STANDS AT 20.04AS WE HAVE ONLY 2 SESSIONS LEFT FOR JANUARY SERIES EXPIRY SO WE FEEL THAT SOME VOLATILE MOVES CAN BE SEEN AND OPTIONS DATA MAY NOT REFLECT TRUE PICTURE.
ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.
Huge unwinding seen ITM CE with OTM PE & ITM PE too...!!!
Additions were seen in ATM PE & Few OTM CE which can be considered as options writers wanted to take benefit of premium decay on account of holiday.
If we consider next series Nifty option chain then 7200 PE undergone huge addition with 7600 CE.
If we talk about Bank Nifty then good additions were seen in 15400 PE & 15600 PE.
Highest OI tag for Nifty is with 7200 PE & 8000 CE. (February series)
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
Additions were seen in ATM PE & Few OTM CE which can be considered as options writers wanted to take benefit of premium decay on account of holiday.
If we consider next series Nifty option chain then 7200 PE undergone huge addition with 7600 CE.
If we talk about Bank Nifty then good additions were seen in 15400 PE & 15600 PE.
Highest OI tag for Nifty is with 7300 PE & 7500 CE. (January series)
Highest OI tag for Nifty is with 7200 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 14500 PE & 17000 CE. (February series)
Highest OI tag for Bank Nifty is with 14500 PE & 17000 CE. (February series)
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
RESISTANCE LEVELS:- 7520, 7607 & 7693
SUPPORT LEVELS:- 7414, 7348 & 7241
SUPPORT LEVELS:- 7414, 7348 & 7241
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-
RESISTANCE LEVELS:- 15638, 15911 & 16183
SUPPORT:- 15300, 15092 & 14754
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
SUPPORT:- 15300, 15092 & 14754
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
PE RATIO FOR BANK NIFTY STANDS AT 16.15
JANUARY SERIES
NIFTY PCR ON BASIS OF OI IS 0.86
BANK NIFTY PCR ON BASIS OF OI IS 0.85
FEBRUARY SERIES
NIFTY PCR ON BASIS OF OI IS 1.02
BANK NIFTY PCR ON BASIS OF OI IS 1.12
FINAL CONCLUSION
Looking at change in 7300 & 7400 PE with 7300 & 7400 CE during last trading session we feel that though 7500 CE is having highest OI tag but somehow it will be crossed by bulls in next 2 trading sessions (on or before expiry)
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TECHNICAL ANALYSIS WORKSHOP
WE ARE PLANNING TO CONDUCT TECHNICAL ANALYSIS WORKSHOP IN AHMEDABAD on 30/01/2016 & 31/01/2016. THOSE WHO ARE INTERESTED ARE REQUESTED TO CONTACT US ON 08866145155.
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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