NIFTY & BANK NIFTY VIEW FOR 29/04/2016

AGAIN NIFTY OBLIGED FOR FULL DAY AND BANK NIFTY TOO RESPECTED IN 1st HALF.

TO KNOW WHAT WE HAD SAID ABOUT NIFTY & BANK NIFTY IN OUR LAST BLOG POST CLICK HERE.

WHY WE HAD THAT WE EXPECT NIFTY TO BE BIT BEARISH WAS FOR THE REASON THAT BULLS WERE NOT TO CROSS 7993 (RESISTANCE LEVEL) MARK WITH HIGH OI AT 8000 CE IT WAS VERY MUCH CLEAR THAT BEARS SHALL COME BACK.

PLEASE WE CORRELATE CHARTS  & OPTIONS DATA.

NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

May Series 

Nifty ~ More than 1500k shares were added in 7700 PE. Whereas on CE front more than 3000k shares were added from 7700 to 8300 CE (Not considered XX50 strike price) Further too add still position built-up is in action so exact inference out of options chain is bit difficult. 

Highest OI tag is with 7700 PE & 8200 CE. 

Bank Nifty ~ 17000 & 17500 CE together added more than 150k shares in OI which can be considered good before inception current month series. On PE front 16000 & 16500 PE added more than 165k shares in OI which can be consdered as strong base built-up. 

Highest OI tag is with 16000 PE & 17500 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.30
PE RATIO FOR BANK NIFTY STANDS AT 18.49

MAY SERIES
NIFTY PCR ON BASIS OF OI IS 0.96
BANK NIFTY PCR ON BASIS OF OI IS 0.78

FINAL CONCLUSION

Nifty & Bank Nifty
Mammoth additions in 7700 PE gives hint strong base formation at that level. At immediate basis we feel that 7820 will act as strong support but below that GAP-FILLING dpp cannot be ruled out. (Gap-Area 7709-7777) But on upside we can expect upside till 8100 in May series. 

Looking at additions n Bank Nifty at 16000 & 16500 PE we feel that strong base formation  is taking place at 16000 level. 

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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 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

NIFTY & BANK NIFTY VIEW FOR 28/04/2016

NIFTY OBLIGED OUR VIEW...!!!

TO KNOW WHAT WE HAD SAID ABOUT NIFTY IN OUR LAST BLOG POST CLICK HERE.

NOW WE HAVE APRIL SERIES EXPIRY TOMORROW AND TONIGHT WE HAVE FED EVENT TONIGHT...!!!

NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

April Series 
Nifty ~ Option is reflecting same picture of yesterday right from 5450 to 8000 (except 7950) all CE undergone liquidations.  But some additions in 7950 & 8050 CE are seen but if we talk about PE front then it is giving some opposite picture than CE; as we can see some additions in 7850 to 8000 PE. 

Highest OI tag is with 7700 PE & 8000 CE. 

Bank Nifty ~ Today's move in Bank Nifty was completely opposite to Nifty. As expiry is near all ITM & far OTM options undergone liquidations today. But with some hope of bounce back some built-up can be seen in 16900 & 17000 CE. 

Highest OI tag is with 16000 PE & 17000 CE. 

May Series 

Nifty ~ Except 8100 CE almost all CE undergone addition in OI. Infact strong built-up can be seen at 8200 CE. On PE front 7700 to 8000 together added more than 1600k shares. 

Highest OI tag is with 7800 PE & 8200 CE. 

Bank Nifty ~ Some additions in 17000 & 17500 were seen with 16500 & 16000. 

Highest OI tag is with 16000 PE & 17000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.66
PE RATIO FOR BANK NIFTY STANDS AT 18.66

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 1.55
BANK NIFTY PCR ON BASIS OF OI IS 1.14

MAY SERIES
NIFTY PCR ON BASIS OF OI IS 0.91
BANK NIFTY PCR ON BASIS OF OI IS 0.74

FINAL CONCLUSION

Nifty & Bank Nifty
Additions in nearby PE in Nifty gives hint of downside in next session as we can see that PCR for Nifty is also very very high. 

Bank Nifty is giving hint giving of  some bounce. 

So overall we feel tomorrow we can have volatile session as per options data. 

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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 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

NIFTY & BANK NIFTY VIEW FOR 27/04/2016

BOUNCE WHICH WE WERE EXPECTING FROM LAST 2-3 SESSIONS CAME IN TODAY...!!!

IN OUR LAST POST WE HAD SAID CLEARLY THAT BULL MAY FIND IT DIFFICULT TO CROSS 8000 & 17000 BUT BOUNCE CANNOT BE RULED OUT.

PLEASE NOTE OUR BLOG POSTS ARE COMBINATION OF CHARTS & OPTIONS CHAIN ANALYSIS. WE DO NOT STUDY FII-DII DATA.

NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

April Series 
Nifty ~ Huge liquidations can be seen in CE front. Yes from 5450 to 8000 CE not even a single CE has undergone additions . On PE front more than 3000k shares were added only by 7900 & 7950 PE.  

Highest OI tag is with 7800 PE & 8000 CE. 

Bank Nifty ~ Almost same scenario is getting repeated in Bank Nifty. Except 15200 CE all CE (from 12000 to 17000) undergone liquidation. About 525k shares were added on PE front (from 16500-17000 PE) 

Highest OI tag is with 16500 PE & 17000 CE. 

May Series 

Nifty ~ More than 1300k shares were added in 8100-8400 CE together. About 1600k shares were added 7700-8100 PE. (Not considered XX50 strike prices) 

Highest OI tag is with 7500 PE & 8100 CE. 

Bank Nifty ~ About 90k shares were added in 17500-18000 CE but additions on PE front is not very much exciting. 

Highest OI tag is with 16000 PE & 17000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.60
PE RATIO FOR BANK NIFTY STANDS AT 18.79

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 1.44
BANK NIFTY PCR ON BASIS OF OI IS 1.41

MAY SERIES
NIFTY PCR ON BASIS OF OI IS 0.86
BANK NIFTY PCR ON BASIS OF OI IS 0.68

FINAL CONCLUSION

Nifty & Bank Nifty
Mammoth liquidations on CE front in Nifty indicates limited upside for next 2 sessions.  In Fact Bank Nifty closed above highest OI so some downside cannot be ruled. But to trap Bears more we feel some flashes around 8000 (with leverage of 10-15 points) and 17100 (leverage of 25-30 points) cannot be ruled out. 

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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 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

NIFTY & BANK NIFTY VIEW FOR 26/04/2016

BULLS DISAPPEARED AND BEARS WERE IN DRIVER SEAT.

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

April Series 
Nifty ~ Due to sudden downside in today's we can see that huge additions (1166k) were made in 7900 CE with some expectation of bounceback but at the same we can see that together 7700 & 7750 PE added more than 2400k shares.  

Highest OI tag is with 7800 PE & 8000 CE. 

Bank Nifty ~ Due to near expiry we can see liquidations in ITM options.  Additions in near by CE OTM is quite interesting to see as Bank Nifty was bit strong than Nifty in during today's session. 

Highest OI tag is with 16000 PE & 17000 CE. 

May Series 

Nifty ~ Good additions were seen in 8000, 8100 & 8200 CE. Infact good additions were also seen in 7700 & 7800 PE. But it should be noticed that OI in 8300 CE is built-up in last 4 sessions only. 

Highest OI tag is with 7500 PE & 8000 CE. 

Bank Nifty ~ Some additions can be seen in 17000 CE with 16500 PE front. 

Highest OI tag is with 16000 PE & 17000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.40
PE RATIO FOR BANK NIFTY STANDS AT 18.44

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 1.19
BANK NIFTY PCR ON BASIS OF OI IS 1.21

MAY SERIES
NIFTY PCR ON BASIS OF OI IS 0.86
BANK NIFTY PCR ON BASIS OF OI IS 0.85

FINAL CONCLUSION

Nifty & Bank Nifty
Looking at options data we feel that 8000 & 17000 will be tough for Bulls to cross. But we feel that some bounce before expiry cannot be ruled out. 

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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 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

NIFTY & BANK NIFTY VIEW FOR 25/04/2016

CONSOLIDATION WITH NEGATIVE BIAS WAS OUR VIEW FOR LAST TRADING SESSION AND INDICES OBLIGED OUR VIEW...!!!

LINK TO OUR LAST POST IS AS UNDER:-

http://nifty50view.blogspot.in/2016/04/nifty-bank-nifty-view-for-22042016.html

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

April Series 
Nifty ~ As expiry is near we can see liquidations in ITM options. (Both side of options chain) But surprisingly 8000 CE undergone liquidation and 8100 CE undergone mammoth additions in last trading session. Additions were also seen in 7750, 7800 & 7850 PE but still additions 8000 CE alone are in much higher quantum than total of all those PE. 

Highest OI tag is with 7800 PE & 8000 CE. 

Bank Nifty ~ Almost all nearby options on CE front undergone liquidations except 16800. On PE front 16500 PE undergone huge additions which gives hint for some downside. 

Highest OI tag is with 16000 PE & 17000 CE. 

May Series 

Nifty ~ Good additions were seen in 8000 & 8200 CE. Infact good additions were also seen in 7600 to 7900 PE. But it should be noticed that OI in 8300 CE is built-up in last 3 sessions only. 

Highest OI tag is with 7500 PE & 8300 CE. 

Bank Nifty ~ Some additions can be seen in 17000 CE with 16000 & 16500 PE front. 

Highest OI tag is with 16000 PE & 17000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.55
PE RATIO FOR BANK NIFTY STANDS AT 18.56

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 1.17
BANK NIFTY PCR ON BASIS OF OI IS 1.27

MAY SERIES
NIFTY PCR ON BASIS OF OI IS 0.88
BANK NIFTY PCR ON BASIS OF OI IS 0.59

FINAL CONCLUSION

Nifty & Bank Nifty
Though we have history of slipping down from 8000 last 2 times (December 2015 & January 2016) we feel that this time just to trap small traders Nifty may give flashes above 8000. This is because 8000 CE has undergone liquidation and we have highest OI for May series above 8000. 

But If we talk about Bank Nifty then yes strong resistance can be seen at 17000. Last close is at 16700 and resistance is 17000 so still Bulls still have 300 points to reach for strong resistance level (as we can see that 17000 CE is having strong resistance as per April & May option chain) 

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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 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

NIFTY & BANK NIFTY VIEW FOR 22/04/2016

FROM OUR LAST 2-3 POSTS WE HAVE BEEN TRYING TO SAY THAT WE STILL EXPECT SOME UPSIDE IN NIFTY & BANK NIFTY AND RESULT IS IN FRONT OF US..!!!

ANYWAY LET'S TRY TO STUDY NIFTY & BANK NIFTY CHARTS AGAIN.

IN ABOVE CHART WE CAN SEE THAT BOLLINGER BAND IS ADJUSTED AS DISCUSSED IN POST

NOW IF WE TALK ABOUT NIFTY THEN WE CAN SEE THAT BULLS ARE MANAGING TO KEEP ABOVE TRENDLINE (BELOW CHART)

NOW LETS SEE BANK NIFTY CHART

BULLS HAVE MANAGED TO GIVE MASSIVE GAP UP BUT TRENDLINE AND AS PER CONCLUSION IN LAST POST 16700-16800 ACTED AS HURDLE. 

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

April Series 
Nifty ~ Huge liquidations can be seen in ITM CE with nearby OTM PE. Good additions can be seen in 7800 & 7950 PE with 8000, 8050 & 8200  CE. 

Highest OI tag is with 7800 PE & 8000 CE. 

Bank Nifty ~ Additions can be seen 16500 & 16000 PE. Liquidations in ITM CE with some shedding 17000 CE gives hint of some consolidated to bearish moves. 

Highest OI tag is with 16000 PE & 17000 CE. 

May Series 

Nifty ~ Along with April series some built-up can be seen in May series 8000 CE too. Infact additions were also seen 8200 & 8300 CE. 

Highest OI tag is with 7500 PE & 8300 CE. 

Bank Nifty ~ Surprisingly good OI is there  at 16600 CE. Infact this is seen very rarely that inbetween CE this much high OI (repeat comment) But wth today's rally some additions were also seen in 17000 & 17500 CE. 

Highest OI tag is with 16500 PE & 17500 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.59
PE RATIO FOR BANK NIFTY STANDS AT 18.17
(as on 20/04/2016)

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 1.22
BANK NIFTY PCR ON BASIS OF OI IS 1.18

MAY SERIES
NIFTY PCR ON BASIS OF OI IS 0.89
BANK NIFTY PCR ON BASIS OF OI IS 0.78

FINAL CONCLUSION

Nifty & Bank Nifty
Additions in 8000 CE IN April Series gives hint of strong resistance but we feel that high OI at 8300 CE in May series shall play crucial role and we can see Bulls shall try to cross 8000 mark in April series.

If we talk about Bank Nifty then again 16700-16800 shall act as stiff resistance but again here also additions in 17000 & 17500 CE (May series) hints of more upside left after some consolidation to some downside moves. 

BUT WE ARE NO TRADE ZONE ATLEAST FOR NEXT TRADING SESSION. 

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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 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

NIFTY & BANK NIFTY VIEW FOR 21/04/2016

TODAY NIFTY & BANK NIFTY REACTED AS DISCUSSED IN OUR LAST POST...!!!

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

April Series 
Nifty ~ Huge liquidations in nearby CE options can be seen but surprisingly huge additions were also seen 8100  CE; which infact is very close for highest OI tag with 8000 CE. PE front highest additions were seen in 7900 PE.  

Highest OI tag is with 7800 PE & 8000 CE. 

Bank Nifty ~ Additions can be seen 16700, 16800  & 17000 CE gives hint of some more upside in coming days. 


Highest OI tag is with 16000 PE & 17000 CE. 

May Series 

Nifty ~ Along with April series some built-up can be seen in May series 8100 CE too. Infact additions were also seen at 8300 CE. 

Highest OI tag is with 7500 PE & 8300 CE. 

Bank Nifty ~ Surprisingly good OI is there  at 16600 CE. Infact this is seen very rarely that inbetween CE takes highest OI tag. 

Highest OI tag is with 16000 PE & 16600 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.59
PE RATIO FOR BANK NIFTY STANDS AT 18.03
(as on 18/04/2016)

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 1.25
BANK NIFTY PCR ON BASIS OF OI IS 1.04

MAY SERIES
NIFTY PCR ON BASIS OF OI IS 0.95
BANK NIFTY PCR ON BASIS OF OI IS 0.77

FINAL CONCLUSION

Nifty & Bank Nifty
Additions in 8100 CE gives hint of some more upside left but Bulls need support from Bank Nifty too as additions in 16700-16800 CE may act as resistance as May series highest OI is with 16600 CE.  

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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 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

NIFTY & BANK NIFTY VIEW FOR 20/04/2016

DURING LAST SESSION WE HAD SEEN CONTRASTING MOVE BETWEEN NIFTY & BANK NIFTY...!!!

NIFTY IS FACING RESISTANCE AT HIGHER LEVELS BUT SOME HOW BULLS ARE MANAGING TO LIFT NIFTY TO HIGHER  LEVELS. 

BUT AT PRESENT LAST CLOSE FOR NIFTY IS OUTSIDE BOLLINGER BAND WHICH IS QUITE UNUSUAL MOVE THAT WE SEE. WE HAVE TRIED TO HIGHLIGHT THIS TYPE OF MOVE IN BELOW CHART.

ANYWAY IF WE TALK ABOUT OPTIONS CHAIN THEN WE HAVE STRONG RESISTANCE AT 8000 MARK..!!!

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

April Series 
Nifty ~ ITM CE options are witnessing regular liquidation and now we can see that we are having huge built-up at 8000 CE. Whereas strong base can be seen at 7800 & 7500 PE. 

Highest OI tag is with 7800 PE & 8000 CE. 

Bank Nifty ~ Good additions can be seen 16500 & 17000 CE. 

Highest OI tag is with 15500 PE & 17000 CE. 

May Series 
Nifty ~ If we talk about next series then good additions were seen in 8000 CE with 7600 & 7300 PE. 

Highest OI tag is with 7500 PE & 8000 CE. 

Bank Nifty ~ Surprisingly good OI is there  at 16600 CE with no trades in last trading session but nothing much can be seen in other than this.

Highest OI tag is with 16000 PE & 17000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.68
PE RATIO FOR BANK NIFTY STANDS AT 18.03

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 1.23
BANK NIFTY PCR ON BASIS OF OI IS 0.94

MAY SERIES
NIFTY PCR ON BASIS OF OI IS 1.06
BANK NIFTY PCR ON BASIS OF OI IS 0.67

FINAL CONCLUSION

Nifty & Bank Nifty
Nifty PCR is inching towards overbought zone. But somehow Bulls are managing to lift it up day by day. Now if we see Bollinger Band then some expansion can be be expected in this and that may bring inside Bollinger Band (yes, we are expecting 1st scenario in chart) but as we have high OI at 8000 but some how we feel that some flashes still above 8000 cannot be ruled out. 

Bank Nifty recovered sharply from lower levels which further confirms some upside steam left in it. 

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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.

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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