NIFTY & BANK NIFTY VIEW FOR 09/02/2016

21 EMA PROVED ITS WORTH WITH AS USUAL OPTION CHAIN ANLAYSIS...!!!

THOUGH NIFTY DID NOT OPENED AS PER OUR VIEW BUT THEN IT FOLLOWED WHAT WE HAD PASSED ON TO OUR TECHNICAL ANALYSIS STUDENTS.

ACTUALLY THIS TIME NIFTY HGHEST OI TAG ON BOTH SIDE (CE & PE) IS IN NARROW RANGE 7400 TO 7600 WHICH MEANS ONLY 200 POINTS; WHEREAS IT SHOULD BE ABOUT 500-700 POINTS.

MORE OVER HIGH OI IN 7700 TO 8000 PE OPTIONS GIVES ANOTHER HINT THAT NIFTY MAY NOT GO MUCH HIGHER APART FROM HIGH OI IN 7600 CE.

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Huge unwinding can be seen in ITM & OTM PE options which can be considered as profit booking. (also we had hinted for additions in 7000 PE) 

Now with today's fall good Bears have again managed to take Nifty below highest PE OI. But looking at liquidating in 7200 PE we feel that in coming 1-2 sessions bulls shall again be able to cross 7450-7480 mark easily. 

Also, mammoth additions were 7500 & 7600 CE during today's fall which can be considered as relief to Bulls and they can expect small bounce back rally. 

Highest OI tag for Nifty is with 7400 PE & 7600 CE. 

Highest OI tag for Bank Nifty is with 15000 PE & 16000 CE. 

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

RESISTANCE & SUPPORT LEVELS SHALL BE POSTED ON OUR FACEBOOK PAGE ONCE MARKET OPENS ON TOMORROW.

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

RESISTANCE & SUPPORT LEVELS SHALL BE POSTED ON OUR FACEBOOK PAGE ONCE MARKET OPENS ON TOMORROW.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 19.99 
(as per 05/02/2016)
PE RATIO FOR BANK NIFTY STANDS AT 15.64
(as per 05/02/2016)

NIFTY PCR ON BASIS OF OI IS 0.90

BANK NIFTY PCR ON BASIS OF OI IS 0.82

FINAL CONCLUSION

Liquidation was seen in 7000 PE including all major near by ITM & OTM PE. Also additions in nearby OTM CE options we feel small rally of 50-80 points cannot be ruled out. 

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

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/

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

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/nifty50sview

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

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.