NIFTY & BANK NIFTY VIEW FOR 10/02/2016

ALL ADDITIONS MADE DURING PREVIOUS TRADING SESSION WASHED AWAY IN SUDDEN & UNEXPECTED CYCLONE OF BEARS...!!!

TODAY'S FALL WAS UNEXPECTED TO US.

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Far OTM CE options are witnessing liquidation (especially above 7600 CE)  Also huge additions were seen in 7300 & 7400 CE with 7100 & 6800 PE (considered highest additions) 

Now if we see that ITM PE strike options some liquidation took place in it. (7400 to 8000 PE) 

Highest OI tag for Nifty is with 7200 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 19.69 
(as per 08/02/2016)
PE RATIO FOR BANK NIFTY STANDS AT 15.53
(as per 08/02/2016)

NIFTY PCR ON BASIS OF OI IS 0.90

BANK NIFTY PCR ON BASIS OF OI IS 0.81

FINAL CONCLUSION

Shifting of highest OI from 7400 to 7200 on PE fronts gives indication of more downside doors are opened but we still feel that some upside move in coming session or two cannot be ruled out. But due to high VIX we feel option chain may not reflect true picture as it results into high premium of options. 

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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.