NIFTY & BANK NIFTY VIEW FOR 07/04/2016

TRENDLINE AS RESISTANCE & 21 EMA AS SUPPORT WHAT TO RESPECTED AND WHAT TO DISRESPECT...!!!

YES WE ARE TALKING ABOUT NIFTY & BANK NIFTY...!!!

THIS SERIES WE HAVE LESS NUMBER OF SESSIONS AND AFTER 4 SESSIONS OF SERIES START STLL THERE IS HUGE GAP BETWEEN OI DATA IN STOCK OPTION CHAIN.

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

April Series 
Nifty ~ Additions in 7300/7500 PE & 7900/8000/8200 CE is something unusual to see. Some liquidations were seen in ITM PE options. 

Highest OI tag is with 7500 PE & 8000 CE. 

Bank Nifty ~ Good additions were seen in 16000/16500 & 17000 CE with 15000 PE. 

Highest OI tag is with 15000 PE & 17000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 20.88
(as on 05/04/2016)
PE RATIO FOR BANK NIFTY STANDS AT 17.44
(as on 05/04/2016)

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 0.80
BANK NIFTY PCR ON BASIS OF OI IS 0.62

FINAL CONCLUSION

Nifty & Bank Nifty
As far as our understanding changes in options chain in Nifty & Bank Nifty are bit odd and this may result in some volatility also we have 3 days holiday (after tomorrow's session) and next week we have only 3 trading sessions so after some consolidation one sided sudden up move 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