NIFTY & BANK NIFTY VIEW FOR 01/03/2016

HISTORY REPEATS ITSELF IN STOCK MARKET TOO...!!!

AS USUAL FIRST DAY OF SERIES BULLS SHOWED THEIR POWER (FRIDAY) AND THEN BEARS TOOK OVER (MONDAY)...!!!

ANYWAY TODAY MOVES WERE VERY MUCH VOLATILE AND WE HAD ALREADY THAT IF YOU ARE SMALL TRADER THEN PLEASE STAY AWAY TODAY FOR TRADING...!!!

ALSO OPTION CHAIN CHANGES TOOK PLACE SOMEWHAT AS PER OUR EXPECTATION GIVEN IN LAST BLOG POST....!!!

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

March Series 
Nifty ~ Mammoth additions were made in 7200 & 7300 CE. Whereas on some PE front some ITM liquidation took place but surprisingly additions in 6300 to 6800 PE were also seen.  

Highest OI tag is with 7000 PE & 7500 CE. 

Bank Nifty ~ Some additions in 13000 & 13500 PE were seen with major liquidation on 15000 CE front.

Highest OI tag is with 13500 PE & 14500 CE. (CE from shifted from 15000 to 14500)

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

RESISTANCE LEVELS:- 7015, 7061, 7106 & 7161
SUPPORT LEVELS:- 6960, 6925, 6869 & 6833

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

RESISTANCE LEVELS:- 14028, 14112 & 14179
SUPPORT LEVELS:- 13756, 13672, 13604 & 13536

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 19.01
(as on 26/02/2016)
PE RATIO FOR BANK NIFTY STANDS AT 15.33
(as on 26/02/2016)

MARCH SERIES
NIFTY PCR ON BASIS OF OI IS 0.88
BANK NIFTY PCR ON BASIS OF OI IS 0.88

FINAL CONCLUSION

Quarterly close (Jan-March) below 7500 shall make Bear more powerful. Weekly (till March expiry) close above 7300 can give some hope of pull back till 7500...!!! (Valid till March series expiry)

Nifty
Additions 7200 & 7300 CE shall act as stiff resistance. Also in coming session or 2 we feel that either of this shall become highest OI on CE front. (Already expressing this view with timelimit and options writers are on verge of doing it). On PE Front though some liquidations took place but additions in 6300, 6600 & 6800 PE gives different picture altogether. 

Bank Nifty
Liquidation in 15000 CE with additions in 14500 CE had made clear that it will be tough road for bulls in coming days though some bounce cannot be ruled in between but additions in 12500 PE also gives scary picture. 

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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.

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

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

NIFTY & BANK NIFTY VIEW FOR 28/02/2016

AS IT HAPPENS...!!!

AFTER EVERY EXPIRY BEARS TAKE REST AND BULLS TRY TO DOMINATE...!!!

NOW WE HAVE BIG EVENT ON MONDAY (UNION BUDGET) VOLATILITY WILL BE OBVIOUS FOR WHOLE TRADING SESSION.

ALSO OPTION CHAIN IS YET TO GIVE CLEAR PICTURE WE FEEL SAFE TRADERS SHOULD AVOID TRADING ON MONDAY.

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

March Series 
Nifty ~ Mammoth additions were made in 7500 CE which shall act as resistance (we have already made in clear via our last post incase if you have missed it then please click here http://goo.gl/oFcRvs)

Also good built-up can be seen in other OTM CE from 7100 to 7400 (as we are on start of series this is regular phenomenon) on PE front highest additions were seen in 6500 PE...!!!  

Highest OI tag is with 7000 PE & 7500 CE. 

Bank Nifty ~ Good quantum of additions were seen in 13000 PE & 15000 (both far OTM) 

Highest OI tag is with 13500 PE & 15000 CE. (CE from shifted to 15000 fro 14500)

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

RESISTANCE LEVELS:- 7061, 7106 & 7161
SUPPORT LEVELS:- 7015, 6960, 6925 & 6869

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

RESISTANCE LEVELS:- 13892, 13976, 14028 & 14111
SUPPORT LEVELS:- 13756, 13672, 13604 & 13536

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 19.01
PE RATIO FOR BANK NIFTY STANDS AT 15.33

MARCH SERIES
NIFTY PCR ON BASIS OF OI IS 0.90
BANK NIFTY PCR ON BASIS OF OI IS 0.94

FINAL CONCLUSION

Quarterly close (Jan-March) below 7500 shall make Bear more powerful. Weekly (till March expiry) close above 7300 can give some hope of pull back till 7500...!!!

Further after budget in 2-3 sessions we can see change in highest OI tag for Nifty & Bank Nifty. But still option chain is yet to give full picture so exact inference out of it will be bit difficult. 

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TECHNICAL ANALYSIS WORKSHOP

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WE HAVE STARTED TELEGRAM CHANNEL FOR UPDATES ON BASIS OF OUR TECHNICAL ANALYSIS WORK. ADDRESS OF THAT CHANNEL IS AS UNDER:- 

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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.

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

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

IS NIFTY AT BOTTOM...???

IF WE CONSIDER LAST CLOSE FOR NIFTY, BANK NIFTY & SENSEX THEN FROM TOP WE HAVE CORRECTED MORE THAN 22%, 34% & 22% IN LESS THAN 12 MONTHS (EXCEPT FOR BANK NIFTY)

NOW EVERYONE IS TAKING ABOUT BEAR MARKET AHEAD AND POSSIBLE RECESSION/DEPRESSION IS AHEAD BUT WE HAD INDICATED ALL THIS ON OUR FACEBOOK PAGE ON 13th SEPTEMBER 2015 TO ALL. QUICK LINK TO THE POST IS AS UNDER:-

https://goo.gl/BWti2y

NOT ONLY THAT BUT THOSE WHO ARE HOLDING DEMAT ACCOUNT WITH US WERE INFORMED ABOUT IT EVEN BEFORE THAT...!!!! 

NEED PROOF CLICK ON THE LINK BELOW:-

https://goo.gl/I0zbsG

ANYWAY IF WE TALK ABOUT NIFTY ROAD AHEAD THEN WE SEE BELOW MENTIONED POSSIBLE IN NIFTY AT PRESENT. 

LOOKING AT CHART PRESENTLY WE FEEL STRONG SUPPORT ZONE FOR NIFTY IS NEAR TO 6500 LEVEL; BELOW THAT AT 5700 AND 4900.

BUT WE DO NOT SAY MARKET MAY CORRECT TO THAT LEVELS AS WE FEEL NO ONE CAN PREDICT EXACT BOTTOM OR TOP.

ANYWAY IF WE TALK AHEAD OF FOR NIFTY OR AS WHOLE ABOUT INDIAN MARKET OR EVEN ABOUT WORLD ECONOMY THEN WE ARE OF OPINION THAT ONE MUST START SIP IN MUTUAL FUND AT PRESENT RATHER THAN INVESTING IN STOCKS ASSUME INDEX WILL NOT BREAK OF THIS LEVELS OR THAT LEVEL.

ONLY REASON FOR THIS POST IS AFTER EVERY MAJOR DOWNSIDE IN MARKET SOME SECTORAL CHANGE COMES GENERALLY (CURRENT SITUATION OF REAL ESTATE SECTOR AND SITUATION OF PHARMA SECTOR)

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TECHNICAL ANALYSIS WORKSHOP

WE ALSO CONDUCT TECHNICAL ANALYSIS WORKSHOP VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

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OUR FACEBOOK PAGE

https://www.facebook.com/nifty50striker/

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WE HAVE STARTED TELEGRAM CHANNEL FOR UPDATES ON BASIS OF OUR TECHNICAL ANALYSIS WORK. ADDRESS OF THAT CHANNEL IS AS UNDER:- 

https://www.telegram.me/nifty50view

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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.

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

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

NIFTY & BANK NIFTY VIEW FOR 26/02/2016

YESTERDAY NIFTY DID OUR DOWNSIDE TARGET AND TODAY FOR BANK NIFTY ALSO IT IS DONE (BASED ON OPTION CHAIN FOR EXPIRY)...!!! 

BUT CLOSING LEVEL FOR NIFTY & BANK NIFTY ARE BEYOND OUR EXPECTATION.

BEFORE WE ANALYSE CHANGES IN OPTION CHAIN IF WE SEE HIGHEST OI IN MARCH SERIES THEN BEARS MANAGED TO GIVE CLOSE BELOW HIGHEST OI ON PE FRONT.

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

March Series 
Nifty ~ Huge additions were seen in on both side of options chains today but surprisingly 7500 CE took highest OI tag from 7700 CE (already said by us in last blog post) Further we feel in coming days it will be shifted to lower strike price CE. PE front it will be too tough to say at present. 

Highest OI tag is with 7000 PE & 7500 CE. 

Bank Nifty ~ Good quantum of additions were seen in Bank Nifty options chain too. 

Highest OI tag is with 13500 PE & 14500 CE. 

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

RESISTANCE LEVELS:- 7015, 7061 & 7106
SUPPORT LEVELS:- 6960, 6925 & 6869

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

RESISTANCE LEVELS:- 13623, 13695 & 13810
SUPPORT LEVELS:- 13508, 13414 & 13321 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 18.85
PE RATIO FOR BANK NIFTY STANDS AT 15.29
(as on 24/02/2016)

MARCH SERIES
NIFTY PCR ON BASIS OF OI IS 0.93
BANK NIFTY PCR ON BASIS OF OI IS 1.10

FINAL CONCLUSION

Looking option chain data we feel in coming days 7300 will act as strong resistance. But still option chain is yet to give full picture so exact inference out of it will be bit difficult. 

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TECHNICAL ANALYSIS WORKSHOP

WE ALSO CONDUCT TECHNICAL ANALYSIS WORKSHOP VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

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OUR FACEBOOK PAGE

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WE HAVE STARTED TELEGRAM CHANNEL FOR UPDATES ON BASIS OF OUR TECHNICAL ANALYSIS WORK. ADDRESS OF THAT CHANNEL IS AS UNDER:- 

https://www.telegram.me/nifty50view

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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.

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

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

NIFTY & BANK NIFTY VIEW FOR 25/02/2016

TARGET FOR NIFTY DONE...!!! 

CAN WE EXPECT FOR BANK NIFTY TOO...???

NIFTY MADE LOW OF 7009.75...!!!

IGNORING 60 POINTS BEARS TOO DID BANK NIFTY TARGET...!!!

NOW EVERYONE IS ASKING/PREDICTING EXPIRY LEVEL FOR NIFTY/BANK NIFTY WHICH WE FEEL MAKES NO DIFFERENCE.

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

February Series 
Nifty ~ Huge unwinding was seen in 7200 PE & 7100 PE; whereas high additions were also seen in 7000 to 7100 CE today. Infact huge additions were seen in 7000 PE too.

Highest OI tag is with 7000 PE but additions in 7050 & 7100 CE is quite interesting. 

Highest OI tag is with 7000 PE & 7200 CE. 

Bank Nifty ~ Huge unwinding seen in all PE (from 13900 to 19000 - except 15200 PE) 

Highest OI tag is with 13500 PE & 15000 CE. 

March Series 
Nifty ~ Good Additions are made all PE strike prices (except 2-3 strike prices) Significant additions were made in 7300 CE today. 

Highest OI tag is with 7700 CE & 7000 PE. But we feel that 7500 CE may take over highest OI. 

Bank Nifty ~ Additions were seen in 13500 PE & 14500 CE during today's session. 

Highest OI tag is with 13500 PE & 14500 CE.

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

RESISTANCE LEVELS:- 7042, 7148 & 7235
SUPPORT LEVELS:- 6975 & 6869

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

RESISTANCE LEVELS:- 13810, 13926 & 13997. 
SUPPORT LEVELS:- 13695, 13623 & 13508. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 18.98
PE RATIO FOR BANK NIFTY STANDS AT 15.53
(as on 23/02/2016)

FEBRUARY SERIES
NIFTY PCR ON BASIS OF OI IS 0.58
BANK NIFTY PCR ON BASIS OF OI IS 0.50

MARCH SERIES

NIFTY PCR ON BASIS OF OI IS 0.87
BANK NIFTY PCR ON BASIS OF OI IS 1.23

FINAL CONCLUSION

Looking at changes in February series option chain we feel that Nifty Future contract may expire between 7000-7100. If we talk about Bank Nifty then expiry range comes at 13500-13900. 

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TECHNICAL ANALYSIS WORKSHOP

WE ALSO CONDUCT TECHNICAL ANALYSIS WORKSHOP VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

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OUR FACEBOOK PAGE

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WE HAVE STARTED TELEGRAM CHANNEL FOR UPDATES ON BASIS OF OUR TECHNICAL ANALYSIS WORK. ADDRESS OF THAT CHANNEL IS AS UNDER:- 

https://www.telegram.me/nifty50view

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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.

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

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

NIFTY & BANK NIFTY VIEW FOR 24/02/2016

JUST IN SINGLE SESSION ALL WORK DONE BY BULLS IN LAST 4 SESSIONS WASHED AWAY...!!!

INFACT OUR VIEW SHARED IN LAST BLOG POST ALSO FAILED.

HIGH ACCUMULATION MADE IN 7200 PE DURING LAST FEW SESSIONS PROVED ITS POWER TODAY.

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

February Series 
Nifty ~ Huge unwinding was seen in 7200 PE whereas high additions were also seen in 7200 CE today. Infact huge additions were seen in 7050 PE too.

Highest OI tag is with 7000 PE but additions in 7050 PE is quite interesting. 

Highest OI tag is with 7000 PE & 7200 CE. 

Bank Nifty ~ Huge unwinding seen in all PE (from 14000 to 15000) 

Highest OI tag is with 13500 PE & 14500 CE. 

March Series 
Nifty ~ Good Additions are made all PE strike prices (except 9500) Significant additions were made in 7400 CE today. 

Highest OI tag is with 7700 CE & 7000 PE.

Bank Nifty ~ Small additions were seen in 13500 PE & 15000 CE during today's session. 

Highest OI tag is with 13500 PE & 15000 CE.

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

RESISTANCE LEVELS:- 7148, 7235, 7321 & 7427
SUPPORT LEVELS:- 7041, 6975 & 6869

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

RESISTANCE LEVELS:- 14084, 14252, 14526 & 14747 
SUPPORT LEVELS:- 13811 & 13626

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 19.23
(as on 23/02/2016)
PE RATIO FOR BANK NIFTY STANDS AT 15.95
(as on 22/02/2016)

FEBRUARY SERIES

NIFTY PCR ON BASIS OF OI IS 0.69
BANK NIFTY PCR ON BASIS OF OI IS 0.57

MARCH SERIES

NIFTY PCR ON BASIS OF OI IS 0.84
BANK NIFTY PCR ON BASIS OF OI IS 1.45

FINAL CONCLUSION

Looking at additions in 7050 PE and OI highest shifting from 7200 to 7000 with change in Bank Nifty options chain (from 14000 to 13500) we feel that before expiry we may see some more downside moves till 7050 spot levels. For Bank Nifty range comes at 13600-13700 mark. 

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TECHNICAL ANALYSIS WORKSHOP

WE ALSO CONDUCT TECHNICAL ANALYSIS WORKSHOP VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

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OUR FACEBOOK PAGE

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WE HAVE STARTED TELEGRAM CHANNEL FOR UPDATES ON BASIS OF OUR TECHNICAL ANALYSIS WORK. ADDRESS OF THAT CHANNEL IS AS UNDER:- 

https://www.telegram.me/nifty50view

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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.

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

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

NIFTY & BANK NIFTY VIEW FOR 23/02/2016

7200 PE SHALL ACT AS GAME SPOILER WAS OUR VIEW FOR TODAY'S SESSION AND IT PROVED ITS WORTH...!!!

ALSO WE HAD SAID THAT ANY SWING BASED TRADE SHOULD BE DONE WITH STOP LOSS AND THAT TOO WAS PERFECTLY OBLIGED BY BULLS & BEARS...!!!

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

February Series 
Nifty ~ Highest OI tag is still with 7400 CE but additions in 7150 to 7350 PE are quite interesting. 

Bank Nifty ~ Highest OI tag is with 14000 PE & 15000 CE but additions 14400 PE may spoil bull party. 

March Series 
Nifty ~ Good Additions are made in 7500 & 7700 CE during today's session. Mammoth OI in 7000 PE gives indication of strong support at 7000 mark. 
Highest OI tag is with 7700 CE & 7000 PE.

Bank Nifty ~ Small additions were seen in 1400 PE & 14500-15000 CE during today's session. 
Highest OI tag is with 14000 PE & 15000 CE.

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

RESISTANCE LEVELS:- 7321 & 7427
SUPPORT LEVELS:- 7148, 7041, 6975 & 6869

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

RESISTANCE LEVELS:- 14526 & 14747 
SUPPORT LEVELS:- 14252, 14084 & 13811

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 19.50
(as on 19/02/2016)
PE RATIO FOR BANK NIFTY STANDS AT 15.90
(as on 19/02/2016)

FEBRUARY SERIES

NIFTY PCR ON BASIS OF OI IS 0.83
BANK NIFTY PCR ON BASIS OF OI IS 0.69

MARCH SERIES

NIFTY PCR ON BASIS OF OI IS 0.78
BANK NIFTY PCR ON BASIS OF OI IS 1.43

FINAL CONCLUSION

7200-7400 is range till expiry this is what we expect. But now if we look at 7250 PE & 73000 CE then again consolidated moves with positive bias is what we expect  in next trading session. If bulls manage to life Bank Nifty above 14500 then we can expect some fireworks in coming days. 

As we feel momentum is quite bullish and bulls are preparing their road ahead for next series which may help option writers to write options at higher strike prices. (repeat comment) 

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TECHNICAL ANALYSIS WORKSHOP

WE ALSO CONDUCT TECHNICAL ANALYSIS WORKSHOP VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

-------------------------------------------------------------

OUR FACEBOOK PAGE

https://www.facebook.com/nifty50striker/

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WE HAVE STARTED TELEGRAM CHANNEL FOR UPDATES ON BASIS OF OUR TECHNICAL ANALYSIS WORK. ADDRESS OF THAT CHANNEL IS AS UNDER:- 

https://www.telegram.me/nifty50view

-------------------------------------------------------------

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.

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

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