NIFTY & BANK NIFTY VIEW FOR 23/03/2016

MORE OR LESS AGAIN TODAY NIFTY & BANK NIFTY MOVED AS PER OUR EXPECTATION...!!!

QUICK LINK TO OUR LAST POST IS AS UNDER:-

http://nifty50view.blogspot.in/2016/03/nifty-bank-nifty-view-for-22032016.html

ALSO BEFORE TRADING SESSION STARTED WE HAD GIVEN OUR VIEW VIA SIMPLE CHARTS FOR BANK NIFTY & ICICI BANK FOR WHICH IMMEDIATE MOVEMENT WERE AS PER EXPECTATION BUT NOW NEXT MOVEMENT IS ALSO IMPORTANT.

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 7800, 7900 & 8000 CE then huge additions can be seen. On PE front 7700 PE too undergone huge additions. 

Highest OI tag is with 7600 PE & 7800 CE. 

Bank Nifty ~ Most of the nearby CE undergone liquidation except 15900 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 15500 PE & 16000 CE. 

NOW WE HAVE 5 SESSIONS LEFT FOR MARCH EXPIRY WE FEEL WE SHOULD ALSO START STUDYING APRIL SERIES OPTION CHAIN.  

April Series 
Nifty ~ Good additions can be seen in 8000 CE but significant additions were also 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 16000 in comparison gives hint of limited some upside. 

Highest OI tag is with 15000 PE & 16000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 20.82
PE RATIO FOR BANK NIFTY STANDS AT 17.71

MARCH SERIES
NIFTY PCR ON BASIS OF OI IS 1.28
BANK NIFTY PCR ON BASIS OF OI IS 1.29

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 0.92
BANK NIFTY PCR ON BASIS OF OI IS 1.04

FINAL CONCLUSION

Nifty
Before expiry if 8000 CE takes highest OI tag we would not be surprised. Shifting of highest OI tag (on PE & CE) is quite fast near to expiry so that gives hint of some sudden upside in coming few session before expiry. 

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

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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