NIFTY & BANK NIFTY VIEW FOR 13/04/2016

NICE RECOVERY FROM LOWS OF THE DAY AND AT THE END AGAIN GOOD SHOW BY BULLS...!!!

TOMORROW WE HAVE LAST TRADING SESSION OF THE WEEK SO AGAIN LONG HOLIDAYS IN MARKET...!!!

LETS TRY TO RESTUDY NIFTY WEEK CHART.

WE CAN SEE THAT NIFTY IS HAVING STRONG RESISTANCE ZONE IN 7775-7800 ZONE.

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

April Series 
Nifty ~ Mammoth liquidations were seen in 7300 PE and almost similar quantum of additions were also seen in 7700 PE. Further to add that 7000 PE is still having having highest OI and liquidation were also seen in ITM CE. But after very long time liquidations were seen in 8000 CE. 

Highest OI tag is with 7000 PE & 8000 CE. 

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

Highest OI tag is with 15500 PE & 17000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.17
PE RATIO FOR BANK NIFTY STANDS AT 17.58
(as on 11/04/2016)

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 0.90
BANK NIFTY PCR ON BASIS OF OI IS 0.71

FINAL CONCLUSION

Nifty & Bank Nifty
As discussed in weekly chart 7775-7800 shall act as resistance and also we can see in options chain data that still 7000 PE is having highest OI. Some sudden downside move cannot be ruled out in 1-3 sessions. 

Bank Nifty too indicates capped upside but yes downside is also limited. 

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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.

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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