In our daily blog post we try to share our view for Nifty with respect to options chain. Past week more or less Nifty moved as per our expectation...!!!
Below are few snap shots of our work...!!!
Date:- 25th January, 2016
Expectation:- 7500 will act as resistance and downside support at 7414 level.
Result:- High of 7487 & low of 7421 was made.
Date:- 27th January, 2016
Expectation:- 7500 will act as resistance but Bulls may try to cross it on or before expiry (January series derivative expiry)
Result:- Nifty acted in similar way 7500 as resistance and 7414 as support (High of 7478 & low of 7420 was made)
Date:- 29th January, 2016
Date:- 28th January, 2016
Expectation:- Upside but 7500 is capped and expiry below 7500 only.
Result:- Spot nifty closed at 7425 levels thus respected our view on day of expiry too...!!!
Expectation:- Doubt over upside but as options chain built is about to happen to difficult to give exact view
Result:- Once 7500 was crossed it acted as good support.
Result:- Once 7500 was crossed it acted as good support.
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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 ANALYZING CHARTS & OPTIONS DATA BUT IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGIZE 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 ANALYZING CHARTS & OPTIONS DATA BUT IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGIZE 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.
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