NIFTY & BANK NIFTY VIEW FOR 11/03/2016

TODAY'S NIFTY MOVE WAS EXPECTED AND IT WAS ALSO SHARED VIA OUR LAST BLOG POST.

ALSO WE HAD POSTED WEEKLY AND DAILY CHART FOR NIFTY ON OUR FACEBOOK PAGE WHEREIN WE HAD TRIED TO EXPLAIN THAT LAST CLOSE WAS NEAR TO RESISTANCE ZONE. WE ARE REPOSTING SAME CHARTS WITH TODAY'S MOVE (UPDATED)

BELOW IS WEEKLY CHART

BELOW IS DAILY CHART

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

March Series 
Nifty ~ Huge additions were seen in CE front 7400 to 7800 CE (not considered xx50 strike price additions but additions above 200k shares are considered) whereas on PE from liquidations were seen in 7300 PE but additons in 7200 PE with 7400 PE are surprising. 

Highest OI tag is with 7200 PE & 7500 CE. 

Bank Nifty ~ Good additions were seen in 15400, 15500 & 16000 CE but additions in 14900 & 15000 PE were also surprising as from last 2 sessions additions near xx500 or xx000 strike price are also seen.

Highest OI tag is with 14000 PE & 15500 CE. 

NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR NIFTY:-

SHALL BE UPDATED ON OUR FACEBOOK PAGE BEFORE TRADING SESSION STARTS TOMORROW. 

NOW LETS TALK ABOUT RESISTANCE & SUPPORT LEVELS FOR BANK NIFTY:-

SHALL BE UPDATED ON OUR FACEBOOK PAGE BEFORE TRADING SESSION STARTS TOMORROW. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 20.33
(as per 09/03/2016)
PE RATIO FOR BANK NIFTY STANDS AT 16.98
(as per 09/03/2016)

MARCH SERIES
NIFTY PCR ON BASIS OF OI IS 1.13
BANK NIFTY PCR ON BASIS OF OI IS 1.02

FINAL CONCLUSION

Nifty
Additions in CE front leads with change in highest OI tag on PE front gives hint of some upside (considering changes in OI) but some flashes near to 7420-7430 zone cannot be ruled out. In coming days/sessions we see shifting of highest OI tag on CE front form 7500 to 7700. 

Bank Nifty
Bank Nifty data suggests some downside still pending but quick bounce back from lower levels cannot be ruled out. 

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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. 

NIFTY & BANK NIFTY VIEW FOR 04/03/2016