MERCILESS BEARS...!!!
OUR VIEW SHARED LAST POST WENT WRONG ALTOGETHER...!!!
PE RATIO FOR NIFTY STANDS AT 20.55OUR VIEW SHARED LAST POST WENT WRONG ALTOGETHER...!!!
ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.
March Series
Nifty ~ Mammoth liquidation in ITM PE reflecting profit booking (as accumulation was going on in last few sessions) Additions in 7650 to 7750 CE is also interesting.
Highest OI tag is with 7600 PE & 7800 CE.
Bank Nifty ~ Almost similar picture can be seen in Bank Nifty option chain as it is in Nifty. Few ITM PE showed liquidation but additions in nearby CE is also interesting.
Highest OI tag is with 15500 PE & 16000 CE.
NOW WE HAVE 3 SESSIONS LEFT FOR MARCH EXPIRY WE FEEL WE SHOULD ALSO START STUDYING APRIL SERIES OPTION CHAIN.
April Series
Nifty ~ Position built-up can be seen on both side of option chain. After today's sudden one sided movement it is really good that still built-up done on both sides.
Highest OI tag is with 7500 PE & 8000 CE.
Bank Nifty ~ Nothing much exciting is seen.
Highest OI tag is with 15000 PE & 16000 CE.
Nifty ~ Mammoth liquidation in ITM PE reflecting profit booking (as accumulation was going on in last few sessions) Additions in 7650 to 7750 CE is also interesting.
Highest OI tag is with 7600 PE & 7800 CE.
Bank Nifty ~ Almost similar picture can be seen in Bank Nifty option chain as it is in Nifty. Few ITM PE showed liquidation but additions in nearby CE is also interesting.
Highest OI tag is with 15500 PE & 16000 CE.
NOW WE HAVE 3 SESSIONS LEFT FOR MARCH EXPIRY WE FEEL WE SHOULD ALSO START STUDYING APRIL SERIES OPTION CHAIN.
April Series
Nifty ~ Position built-up can be seen on both side of option chain. After today's sudden one sided movement it is really good that still built-up done on both sides.
Highest OI tag is with 7500 PE & 8000 CE.
Bank Nifty ~ Nothing much exciting is seen.
Highest OI tag is with 15000 PE & 16000 CE.
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
PE RATIO FOR BANK NIFTY STANDS AT 17.34
MARCH SERIES
NIFTY PCR ON BASIS OF OI IS 1.17
BANK NIFTY PCR ON BASIS OF OI IS 0.98
APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 0.87
BANK NIFTY PCR ON BASIS OF OI IS 0.69
FINAL CONCLUSION
Nifty
Additions in nearby CE gives hope of small bounce back. But we are n no trade zone.
Bank Nifty
Additions in nearby CE gives hope of small bounce back. But we are n no trade zone.
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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)
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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.
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ABOUT AUTHOR ~ MANUSH VADHER
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