JANUARY SERIES PROBABLY ACTED AS NIGHTMARE FOR BULLS...!!!
NIFTY CLOSED JANUARY SERIES WITH LOST OVER 6.75% WHICH IS AGAIN BIGGEST LOSS AFTER AUGUST 2015 (CONSIDERED MONTHLY)
PE RATIO FOR NIFTY STANDS AT 19.85NIFTY CLOSED JANUARY SERIES WITH LOST OVER 6.75% WHICH IS AGAIN BIGGEST LOSS AFTER AUGUST 2015 (CONSIDERED MONTHLY)
ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.
7400 PE ACTED AS SUPPORT AND 7500 CE TOO ACTED AS RESISTANCE EVEN ON LAST DAY OF JANUARY SERIES.
Now if we move forward then in just single session 7500 CE for February series took away highest OI tag from 8000 CE. Whereas on PE front 7200 PE may act as strong base.
Next series options chain is very much interesting to watch and analyse. As because 7200 PE is having highest OI and total OI in 7500 CE, 7600 CE & 8000 CE is in cut throat competition (to act as resistance and for highest OI tag) (Another important and interesting moves already taken place February series which we cannot disclose to protect interest of our Technical Analysis students)
Highest OI tag for Nifty is with 7200 PE & 7500 CE. (February series)
Highest OI tag for Bank Nifty is with 15000 PE & 16500 CE. (February series)
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
Now if we move forward then in just single session 7500 CE for February series took away highest OI tag from 8000 CE. Whereas on PE front 7200 PE may act as strong base.
Next series options chain is very much interesting to watch and analyse. As because 7200 PE is having highest OI and total OI in 7500 CE, 7600 CE & 8000 CE is in cut throat competition (to act as resistance and for highest OI tag) (Another important and interesting moves already taken place February series which we cannot disclose to protect interest of our Technical Analysis students)
Highest OI tag for Nifty is with 7200 PE & 7500 CE. (February series)
Highest OI tag for Bank Nifty is with 15000 PE & 16500 CE. (February series)
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-
RESISTANCE & SUPPORT LEVELS SHALL BE POSTED ON OUR FACEBOOK PAGE BEFORE MARKET OPENS TOMORROW.
NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-
RESISTANCE & SUPPORT LEVELS SHALL BE POSTED ON OUR FACEBOOK PAGE BEFORE MARKET OPENS TOMORROW.
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
PE RATIO FOR BANK NIFTY STANDS AT 16.12 (as on 27/01/2016)
NIFTY PCR ON BASIS OF OI IS 1.11
BANK NIFTY PCR ON BASIS OF OI IS 0.95
FINAL CONCLUSION
Huge changes in February series options chain (8000 CE lost highest OI tag to 7500 CE) give hint of tough days ahead. As options positions are not yet built up we shall not able to analyse much about next probable move.
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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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