NIFTY & BANK NIFTY VIEW FOR 01/04/2016

AGAIN VOLATILE EXPIRY MOVES WERE SEEN IN 2nd HALF OF LAST TRADING SESSION. BUT GOOD THING IS AGAIN HIGHEST OI WAS RESPECTED.

WE ALWAYS SAY THAT HIGHEST OI MAY ACT AS SUPPORT OR RESISTANCE BUT PLEASE NOTE IT SHOULD BE CORRELATED WITH CHARTS TOO.

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

April Series 
Nifty ~ We can see that highest OI tag is with 7500 PE & 8000 CE at present so that shall automatically act as support and resistance. But we are at start of series and position built-up shall take place in coming 3-4 sessions and we have RBI event so at present we shall prefer to go lite in trading. 

Highest OI tag is with 7500 PE & 8000 CE. 

Bank Nifty ~ Huge additions were seen in 16500 & 17000 CE. 

Highest OI tag is with 15000 PE & 17000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 20.70
PE RATIO FOR BANK NIFTY STANDS AT 17.94

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 0.86
BANK NIFTY PCR ON BASIS OF OI IS 0.75

FINAL CONCLUSION

Nifty & Bank Nifty
Spot Nifty closed almost at mid point between highest OI (PE & CE) also to note that we have RBI event on Tuesday so there are chances options premium may shot up and may not move exactly in correlation with Index Future. 

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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. 

NIFTY & BANK NIFTY VIEW FOR 04/03/2016