NIFTY & BANK NIFTY VIEW FOR 12/04/2016

WHAT A COME BACK BY BULLS...!!!!

BUT WE HAD ALREADY SAID ABOUT THIS UPMOVE IN OUR LAST 2 POSTS...!!!

THOSE WHO WANT TO VERIFY ARE REQUESTED TO CLICK ON LINKS BELOW:-

http://nifty50view.blogspot.in/2016/04/nifty-bank-nifty-view-for-11042016.html

http://nifty50view.blogspot.in/2016/04/nifty-bank-nifty-view-for-08042016.html

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

April Series 
Nifty ~ Huge liquidations was seen in 7600 to 7900 CE which we consider as unwinding by traders (can be said as stop loss hit by writers or profit booking by buyers) Further to add in our last post is that we had said about surprise additions in 7000 PE which today in just single session became highest OI surpassing 7500 PE, yes change in PE front (downside) of 500 points in single session....!!!

Further to add additions in 7000, 7100, 7600 & 7700 PE gives hint of limited upside in come sessions. 

Highest OI tag is with 7000 PE & 8000 CE. 

Bank Nifty ~ Somewhat same replication can be seen in Bank Nifty options chain. Good liquidation can be seen in 16000, 16500 & 17000 CE. If we consider additions in 15500 & 15000 PE then it is not big surprise. 

Highest OI tag is with 15000 PE & 17000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.07
PE RATIO FOR BANK NIFTY STANDS AT 17.30
(as on 08/04/2016)

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 0.84
BANK NIFTY PCR ON BASIS OF OI IS 0.69

FINAL CONCLUSION

Nifty & Bank Nifty
Liquidations in ITM, ATM & OTM CE we feel this rally was fully utilized by respective holders. Now if we see additions in PE then it gives hint of some inverse kind of movement in next 2-3 sessions. Another sound reason behind this expectation is due to huge additions in 7000 PE. Bank Nifty is also giving some this kind hint only.  

Though we had said we are on NO TRADE ZONE but we had booked 35 point in Nifty on short side...!!!

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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