NIFTY & BANK NIFTY VIEW FOR 31/03/2016

AFTER LOOKING AT VOLATILE MOVES IN NIFTY WE FEEL OUR DECISION OF NO TRADE ZONE WAS GOOD...!!!

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

March Series 
Nifty ~ Due to nearby expiry now we can see that liquidations are taking place in both sides of options chain (Far OTM & Deep ITM) whereas additions in nearby strike prices is not big surprise. 

Additions in 7600 & 7700 CE with 7500 & 7600 PE gives hint of volatile moves. 

Highest OI tag is with 7600 PE & 7700 CE. 

Bank Nifty ~ Liquidations are less on CE front additions in PE. 

Highest OI tag is with 15000 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 ~ Huge additions can be seen in  nearby OTM CE strike options. On PE front huge additions 7500 & 7600 PE gives hint of strong base built-up. 

Highest OI tag is with 7500 PE & 8000 CE. 

Bank Nifty ~ Strong resistance can be seen at 16000 CE. 

Highest OI tag is with 15000 PE & 16000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 20.55
(as on 28/03/2016)
PE RATIO FOR BANK NIFTY STANDS AT 17.34
(as on 28/03/2016)

MARCH SERIES
NIFTY PCR ON BASIS OF OI IS 1.20
BANK NIFTY PCR ON BASIS OF OI IS 1.05

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 0.85
BANK NIFTY PCR ON BASIS OF OI IS 0.72

FINAL CONCLUSION

Nifty
Strong support at 7500 due to huge OI in April options chain.  But we are in no trade zone. 

Bank Nifty

With volatility we can see some downside moves in 2 sessions. But we are in no trade zone. 

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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

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