NIFTY & BANK NIFTY VIEW FOR 05/04/2016

VOLATILE MOVES BEFORE RBI EVENT...!!!

NIFTY & BANK NIFTY ARE CONSOLIDATION MODE IN LAST 3 SESSIONS. WE HAVE BIG EVENT TOMORROW AND WE FEEL BULLS & BEARS SHALL BE TAKING DIRECTION FROM OUTCOME OF EVENT ONLY...!!!

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

April Series 
Nifty ~ Mammoth additions were seen in OTM options as we are at start of series but also we have less number of trading sessions in this series.

Highest OI tag is with 7500 PE & 8000 CE. 

Bank Nifty ~ Huge additions were seen in 16500 & 17000 CE with 15000 & 15500 PE.

Highest OI tag is with 15000 PE & 17000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.31
PE RATIO FOR BANK NIFTY STANDS AT 17.98
(as on 01/04/2016)

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 0.95
BANK NIFTY PCR ON BASIS OF OI IS 0.82

FINAL CONCLUSION

Nifty & Bank Nifty
Due to start of series both side volatility was seen which was used very well by traders to built positions (repeat comment). We can expect 300 points range in next trading session due to event. 

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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