WEEKLY REVIEW 11/01/2016 TO 16/01/2016

In our daily blog post we try to share our view for Nifty with respect to options chain. Past week almost every day Nifty obliged our view. 

Below are few snap shots of our work...!!!

Date:- 11th January, 2016
Expectation:- Pull back

Result:- 

Previous close 7601

Open 7527 (Huge gap down of more than 75 points)

High 7605 (Bulls manage to cover all losses)

Low 7494 (Made low in initial moves in first 30 mins) 

Close 7564 (Close with loss of less than 0.50%)

Date:- 12th January, 2016
Expectation:- Not smooth ride

Result:- Though gapup of about 25 points for Nifty but close with loss of 0.71% over previous close. 

Date:- 13th January, 2016
Expectation:- Some pull back but no major upside.

Result:- Gapup of almost 50 points then volatile moves and close with gains of 52 points. 

Date:- 14th January, 2016
Expectation:- Nifty flashes below 7500
Result:- Low of 7444 & Close at 7537

Date:- 15th January, 2016
Expectation:- Nifty sustaining below 7500
Result:- Low of 7427 & Close at 7438

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.