BEFORE EVEN LAST TRADING SESSION STARTED WE HAD SHARED OUR VIEW ON BANK NIFTY VIA SIMPLE CHART. FOR QUICK REFERENCE PLEASE CLICK ON LINK BELOW:-
https://twitter.com/Nifty50Striker/status/712210931934044160
NOT ONLY THAT IN OUR LAST POST WE HAD SAID THAT WE EXPECT BANK NIFTY SHOULD BE IN CONSOLIDATION PHASE. A QUICK LINK TO OUR LAST POST IS AS UNDER:-
http://nifty50view.blogspot.in/2016/03/nifty-bank-nifty-view-for-23032016.html
PE RATIO FOR NIFTY STANDS AT 20.83https://twitter.com/Nifty50Striker/status/712210931934044160
NOT ONLY THAT IN OUR LAST POST WE HAD SAID THAT WE EXPECT BANK NIFTY SHOULD BE IN CONSOLIDATION PHASE. A QUICK LINK TO OUR LAST POST IS AS UNDER:-
http://nifty50view.blogspot.in/2016/03/nifty-bank-nifty-view-for-23032016.html
ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.
March Series
Nifty ~ Huge huge liquidation in ITM CE due to nearby expiry and 4 holidays. Infact OTM PE also undergone liquidation. Additions in 7700 PE is strong hint of its contendership for highest OI on PE front in coming days (as 7600 PE and below PE undergone liquidation) Additions in nearby CE is quite surprising though we have very few sessions for this series.
Highest OI tag is with 7600 PE & 7800 CE.
Bank Nifty ~ Almost similar picture can be seen in Bank Nifty option chain it as in Nifty. Few OTM of CE additions can be seen whereas PE front no such buying interest was seen.
Highest OI tag is with 15500 PE & 16000 CE.
NOW WE HAVE 4 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 7700 & 8000 CE whereas on PE front huge additions were seen in 7400, 7500 & 7700 PE. It will be too early to say but we feel highest OI on PE front may shift to 7500 PE in coming sessions.
Highest OI tag is with 7000 PE & 8000 CE.
Bank Nifty ~ Additions in 16000 & 16500 CE with 15500 & 15000 PE is quite interesting as we have event very soon.
Highest OI tag is with 15000 PE & 16000 CE.
Nifty ~ Huge huge liquidation in ITM CE due to nearby expiry and 4 holidays. Infact OTM PE also undergone liquidation. Additions in 7700 PE is strong hint of its contendership for highest OI on PE front in coming days (as 7600 PE and below PE undergone liquidation) Additions in nearby CE is quite surprising though we have very few sessions for this series.
Highest OI tag is with 7600 PE & 7800 CE.
Bank Nifty ~ Almost similar picture can be seen in Bank Nifty option chain it as in Nifty. Few OTM of CE additions can be seen whereas PE front no such buying interest was seen.
Highest OI tag is with 15500 PE & 16000 CE.
NOW WE HAVE 4 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 7700 & 8000 CE whereas on PE front huge additions were seen in 7400, 7500 & 7700 PE. It will be too early to say but we feel highest OI on PE front may shift to 7500 PE in coming sessions.
Highest OI tag is with 7000 PE & 8000 CE.
Bank Nifty ~ Additions in 16000 & 16500 CE with 15500 & 15000 PE is quite interesting as we have event very soon.
Highest OI tag is with 15000 PE & 16000 CE.
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
PE RATIO FOR BANK NIFTY STANDS AT 17.66
MARCH SERIES
NIFTY PCR ON BASIS OF OI IS 1.29
BANK NIFTY PCR ON BASIS OF OI IS 1.16
APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 0.97
BANK NIFTY PCR ON BASIS OF OI IS 0.95
FINAL CONCLUSION
Nifty
Additions in 7700 PE (March series) with correlation to changes in April series we feel that 7700 (with leverage of 50 points on downside) shall act as strong base for March expiry.
Bank Nifty
Bank Nifty closed near to highest CE OI so we feel there is some consolidated moves can be expected (repeat comment) but we feel that sudden flashes above highest OI on CE front cannot be ruled out.
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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)
STANDARD DISLCOSURE:-
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)
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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
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