NIFTY & BANK NIFTY VIEW FOR 17/02/2016

YESTERDAY'S BLOG WRITTEN BY OUR STUDENT AND JUST HIS ANALYSIS ROCKED...!!!

THOSE WHO TO WANT TO VERIFY WHAT WAS SAID BY HIM CAN REFER TO LINK BELOW:-

http://nifty50view.blogspot.in/2016/02/nifty-bank-nifty-view-for-16022016.html

AFTER YESTERDAY'S CLOSE ALL WERE BULL AND NOW ALL ARE BEAR...!!!

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Unwinding is seen in ITM & Nearby ATM PE strike price options. Whereas it is reverse case in CE front. All nearby OTM CE price strike options additions huge OI. 

Also if we see highest OI tag then still fight continues between 7200, 7300, 7400 & 7500 CE. 

But if we see Bank Nifty option chain then picture there is much more clear. As mentioned in our last post 15000 CE took highest OI tag form 16000 CE so that shall act as resistance for February series. Also on PE front 14000 PE took away highest OI tag from 14500....!!!

Highest OI tag for Nifty is with 7000 PE & 7500 CE. 

Highest OI tag for Bank Nifty is with 14000 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:- 14526, 14747 & 14967
SUPPORT LEVELS:- 14252, 14082 & 13811

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 19.32 
(as per 15/02/2016)
PE RATIO FOR BANK NIFTY STANDS AT 16.01
(as per 15/02/2016)

NIFTY PCR ON BASIS OF OI IS 0.78
BANK NIFTY PCR ON BASIS OF OI IS 0.65

FINAL CONCLUSION

Looking at changes in option chain (after today's session) and comparing it with last last 2 trading sessions we feel that we may see close below 7000 in session or two as Bank Nifty (due to change in highest OI tag) is showing more weakness than Nifty. Also we feel there might be some change in highest OI tag in Nifty in coming session or two. 

Our expectation is that 7000 PE & 7500 Ce may lose highest OI. 

PLEASE NOTE THAT TODAY'S OPTIONS DATA ANALYSIS AND CONCLUSION IS GIVEN BY ONE OF OUR STUDENT WHOSE NAME IS MR PADMANABHAN (CONT # 09036810099) HE IS STILL UNDERGOING WITH ONLINE SESSION BUT LOOKING AT HIS EAGERNESS TO LEARN WE ARE POSTING HIS WORK.

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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 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.