NIFTY & BANK NIFTY VIEW FOR 08/04/2016

AGAIN BEARS PROVED THEIR DOMINANCE OVER DALAL STREET..!!!

AFTER INITIAL FLAT TO MINOR NEGATIVE OPENING TODAY BEARS ATTACKED FIERCELY THEN SOME GOOD PULL BACK WAS SEEN BY BULLS BUT AGAIN 2.30 FACTOR CAME IN PICTURE AND BEARS AGAIN MANAGED TO CLOSE NIFTY IN RED MARK..!!!

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

April Series 
Nifty ~ Huge liquidations were seen 7500 to 8200 PE (more than 1200k shares) Infact on CE front more than 1600k shares were in added (from 7600 to 7900) 

Highest OI tag is with 7500 PE & 8000 CE. 

Bank Nifty ~ Good additions were seen in 15500,16000 & 16500 CE with 15500 PE. 

Highest OI tag is with 15000 PE & 17000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 20.73
PE RATIO FOR BANK NIFTY STANDS AT 17.38
(as on 06/04/2016)

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 0.76
BANK NIFTY PCR ON BASIS OF OI IS 0.62

FINAL CONCLUSION

Nifty & Bank Nifty
Liquidations in ITM PE (also 7500 PE) with additions in CE hints nearby end of bear market. Also PCR is below 0.76 (ideal range is 0.80-1.20) Nifty also already down more than 150 points in this week whereas Bank Nifty is down by almost 650 points...!!!

But still we feel some bounce cannot be ruled out in next 1-3 sessions. 

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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.

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