NIFTY & BANK NIFTY VIEW FOR 15/03/2016

THANK YOU NIFTY...!!!

IN OUR LAST POST WE HAD SAID CLEAR THAT NIFTY MAY FACE RESISTANCE ZONE AT 7620-7630 (AS PER TRENDLINE) AND BUT TODAY'S SUDDEN SPURT TOOK RESISTANCE AT 7583...!!!

QUICK LINK TO THAT POST IS AS UNDER:-

http://nifty50view.blogspot.in/2016/03/nifty-bank-nifty-view-for-14032016.html

NOW LETS TRY TO SEE DAILY CHART.

SO AS PER ABOVE 89 EMA RESISTANCE ZONE COMES AT 7550-7555 AND THEN SHORT TERM TRENDLINE RESISTANCE AT 7580-7585. AFTER TO THAT IF WE CONSIDER 7700 CE (ASSUMING THAT IT MAY TAKE HIGHEST OI TAG) THEN 144 EMA RESISTANCE LEVEL AT 7695-7700 AFTER TO THAT TRENDLINE AND 289 EMA RESISTANCE ZONE COME S AT 7800-7820 LEVEL. 

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

March Series 
Nifty ~ Huge additions can  be seen in today's session in 7500 to 7700 CE whereas on PE front additions were seen till 7000 PE (except for 7100 PE and without considering XX50 PE strike prices) This gives hint of huge volatility can  be seen in coming days. 

Highest OI tag is with 7200 PE & 7500 CE. 

Bank Nifty ~ Bank Nifty option chain is also replicating same thing. 

Highest OI tag is with 14000 PE & 15500 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 20.27
(As per 11/03/2016)
PE RATIO FOR BANK NIFTY STANDS AT 16.86
(As per 11/03/2016)

MARCH SERIES
NIFTY PCR ON BASIS OF OI IS 1.11
BANK NIFTY PCR ON BASIS OF OI IS 1.02

FINAL CONCLUSION

Nifty
Due to huge additions on both side of options chain we feel huge volatility can been seen and it may end up with hitting stop losses on both side trades. Our view is to go either hedged or stay aside.

Bank Nifty
Bank Nifty data suggests some upside moves with some volatility. (Repeat comment)

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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