NIFTY & BANK NIFTY VIEW FOR 22/03/2016

AT LAST NIFTY & BANK NIFTY DID OUT TARGETS...!!!!

AT FIRST WE HAD INDICATED BREAKOUT OF CHANNEL PATTERN ON OUR FACEBOOK PAGE AND THEN HERE ON OUR BLOG ALSO. QUICK LINK TO THAT BLOGPOST IN AS UNDER:-

http://nifty50view.blogspot.in/2016/03/nifty-bank-nifty-view-for-03032016.html

NOT ONLY THAT ON OUR TWITTER ACCOUNT ALSO SAID ABOUT IT.

https://twitter.com/Nifty50Striker/status/705390342024011776

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

March Series 
Nifty ~ As expiry is near huge liquidation was seen all major nearby of ITM CE. Now if we talk about 7700 & 7800 CE then huge changes took place. Whatever quantum of shares liquidated by 7700 CE same was absorbed by 7800 CE. Mammoth additions were seen in 7600 & 7700 PE. 

Highest OI tag is with 7000 PE & 7700 CE. 

Bank Nifty ~ Most of the nearby CE undergone liquidation except 15800 CE. Additions in OTM CE (above to highest OI strike price CE) are quite surprising. Good additions were seen in nearby OTM PE. 

Highest OI tag is with 15000 PE & 16000 CE. 

NOW WE HAVE 6 SESSIONS LEFT FOR MARCH EXPIRY WE FEEL WE SHOULD ALSO START STUDYING APRIL SERIES OPTION CHAIN.  

April Series 
Nifty ~ Some liquidations were seen 8000 CE but significant additions were seen in nearby OTM PE.

Highest OI tag is with 7000 PE & 8000 CE. 

Bank Nifty ~ Positions built-up is yet taking place in it but additions in 16500 in comparison to 16000 CE is quite surprising. 

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 1.31
BANK NIFTY PCR ON BASIS OF OI IS 1.27

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 0.87
BANK NIFTY PCR ON BASIS OF OI IS 1.18

FINAL CONCLUSION

Nifty
We feel bulls may take some rest in next trading session as additions in 7600 & 7700 PE hints some volatile moves. 

Bank Nifty
Bank Nifty closed near to highest CE OI so wee feel there is some consolidated moves can  be expected. 

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TECHNICAL ANALYSIS TRAINING

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

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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