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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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.