NIFTY & BANK NIFTY VIEW FOR 21/03/2016

LAST TRADING SESSION WAS BIT VOLATILE WITH POSITIVE BIAS BUT WE ARE HAPPY THAT WE REMAINED ON NO TRADE ZONE FOR NIFTY AS IT WAS VERY MUCH VOLATILE DURING 1st HALF. BELOW IS NIFTY INTRADAY CHART ON 5 MINS TIME FRAME.

NOW IF WE TALK ABOUT BANK NIFTY THEN WE FEEL 15900-16000 WITH LEVERAGE OF 1% MAY ACT AS STIFF RESISTANCE ZONE FOR NEXT FEW SESSIONS. BELOW IS DAILY CHART FOR IT.

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

March Series 
Nifty ~ Many ITM CE witnessed liquidation Also some of far money PE witnessed liquidation but additions in nearby OTM CE & PE is regular routine exercise but mammoth addition in 7500 PE is quite surprising. 

Highest OI tag is with 7400 PE & 7700 CE. 

Bank Nifty ~ Most of the nearby CE undergone liquidation whereas on PE front mammoth additions were seen in 15000 & 15500 PE. 

Highest OI tag is with 15000 PE & 16000 CE. 

NOW WE HAVE 7 SESSIONS LEFT FOR MARCH EXPIRY WE FEEL WE SHOULD ALSO START STUDYING APRIL SERIES OPTION CHAIN.  

April Series 
Nifty ~ Except few unwinding majority of CE & PE are showing additions. Strong support & resistance can be seen 7000 & 8000. 

Highest OI tag is with 7000 PE & 8000 CE. 

Bank Nifty ~ Bank Nifty options also shows same kind of built up as it was in Nifty. 

Highest OI tag is with 15000 PE & 16000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 20.52
PE RATIO FOR BANK NIFTY STANDS AT 17.40

MARCH SERIES
NIFTY PCR ON BASIS OF OI IS 1.20
BANK NIFTY PCR ON BASIS OF OI IS 1.13

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 0.81

BANK NIFTY PCR ON BASIS OF OI IS 1.14

FINAL CONCLUSION

Nifty
Shifting of highest OI to 7700 CE gives some hope of more upside but additions in near by PE (7500 & 7600) may also create some panic in Bulls camp. 

Bank Nifty
Though Bank Nifty recovered more than 150 points from initial (intraday perspective)low made during last trading session but liquidations in major options gives hint of limited upside. 

--------------------------------------------------------------------------------

TECHNICAL ANALYSIS TRAINING

WE ALSO CONDUCT TECHNICAL ANALYSIS WORKSHOP VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

-------------------------------------------------------------

OUR FACEBOOK PAGE

https://www.facebook.com/nifty50striker/

-------------------------------------------------------------

WE HAVE STARTED TELEGRAM CHANNEL FOR UPDATES ON BASIS OF OUR TECHNICAL ANALYSIS WORK. ADDRESS OF THAT CHANNEL IS AS UNDER:- 

https://www.telegram.me/nifty50view

-------------------------------------------------------------

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