In our daily blog post we try to share our view for Nifty with respect to option chain. Past week more or less Nifty moved as per our expectation...!!!
Below are few snap shots of our work...!!!
Date:- 01st February, 2016
Expectation:- Resistance & Support at 7607 & 7520 respectively Result:- High of 7600 & low of 7541.
Date:- 02nd February, 2016
Expectation:- 7400-7600 will be support & resistance as per options chain whereas Fibonacci retracement 7607 & 7414 were key levels .
Result:- High of 7576 & low of 7428 was recorded.
Date:- 03rd February, 2016
Expectation:- Some bounce back.
Result:- Nifty closed in deep red. But still taken support at 7350 (our level was 7348)
Date:- 04th January, 2016
Expectation:- Be cautious as both indices closed below highest PE OI.
Result:- Volatile moves of almost 100 points in Nifty but closing near to opening levels only.
Date:- 05th January, 2016
Expectation:- More downside cannot be ruled out.
Result:- Gap up opening then fall near to previous close then again closed with about 0.50% gains. But still levels given as resistance & support worked. (High of 7503 against given resistance level of 7515 & low of 7407 against given support level of 7420)
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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 ANALYZING CHARTS & OPTIONS DATA BUT IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGIZE FOR IT.
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 ANALYZING CHARTS & OPTIONS DATA BUT IF INCASE THERE IS ANY HUMAN ERROR WE ARE APOLOGIZE 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.
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