NIFTY & BANK NIFTY VIEW FOR 18/03/2016

AGAIN NIFTY & BANK NIFTY OBLIGED OUR VIEW TODAY BY OPENING HIGHER...!!!

THEREAFTER WE HAD ALSO GIVEN CAUTION ON OUR FACEBOOK PAGE AND TWITTER THAT NIFTY AGAIN TOOK RESISTANCE AT TRENDLINE ALSO WE HAD TRIED TO EXPLAIN VIA OPTIONS DATA...!!!

THOSE WHO WANT TO CHECK OUR LAST POST ARE REQUESTED TO CLICK ON LINK BELOW:- 

http://nifty50view.blogspot.in/2016/03/nifty-bank-nifty-view-for-16032016.html

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

March Series 
Nifty ~ Huge additions in 7600 PE resulted into bloodbath in 2nd half. Further to add though in intraday 7700 CE gained highest OI tag but at close 7500 CE regained it. Addition in PE front is more than CE side which can create some pressure. 

Highest OI tag is with 7400 PE & 7500 CE. 

Bank Nifty ~ Strong base can be seen at 14500 PE but very small addition n 15500 CE gives hint of limited upside. Huge additions in 16000 CE is again big hurdle.

Highest OI tag is with 14500 PE & 16000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 20.24
(As per 16/03/2016)
PE RATIO FOR BANK NIFTY STANDS AT 17.18
(As per 16/03/2016)

MARCH SERIES
NIFTY PCR ON BASIS OF OI IS 1.15
BANK NIFTY PCR ON BASIS OF OI IS 1.01

FINAL CONCLUSION

Nifty
Regaining Highest OI spot by 7500 CE and shifting of highest OI spot on PE front to 7400 PE gives hint of  tough fight between Bulls & Bears. At present looking at option chain we prefer to be on 'NO TRADEZONE'

Bank Nifty
Tough strong additions were seen in 16000 CE but 15700-15800 shall remains strong resistance zone. 

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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