TODAY NIFTY & BANK NIFTY REACTED AS DISCUSSED IN OUR LAST POST...!!!
PE RATIO FOR NIFTY STANDS AT 21.59
ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.
April Series
Nifty ~ Huge liquidations in nearby CE options can be seen but surprisingly huge additions were also seen 8100 CE; which infact is very close for highest OI tag with 8000 CE. PE front highest additions were seen in 7900 PE.
Highest OI tag is with 7800 PE & 8000 CE.
Bank Nifty ~ Additions can be seen 16700, 16800 & 17000 CE gives hint of some more upside in coming days.
Highest OI tag is with 16000 PE & 17000 CE.
Highest OI tag is with 7500 PE & 8300 CE.
Bank Nifty ~ Surprisingly good OI is there at 16600 CE. Infact this is seen very rarely that inbetween CE takes highest OI tag.
Highest OI tag is with 16000 PE & 16600 CE.
Nifty ~ Huge liquidations in nearby CE options can be seen but surprisingly huge additions were also seen 8100 CE; which infact is very close for highest OI tag with 8000 CE. PE front highest additions were seen in 7900 PE.
Highest OI tag is with 7800 PE & 8000 CE.
Bank Nifty ~ Additions can be seen 16700, 16800 & 17000 CE gives hint of some more upside in coming days.
Highest OI tag is with 16000 PE & 17000 CE.
May Series
Nifty ~ Along with April series some built-up can be seen in May series 8100 CE too. Infact additions were also seen at 8300 CE. Highest OI tag is with 7500 PE & 8300 CE.
Bank Nifty ~ Surprisingly good OI is there at 16600 CE. Infact this is seen very rarely that inbetween CE takes highest OI tag.
Highest OI tag is with 16000 PE & 16600 CE.
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
PE RATIO FOR BANK NIFTY STANDS AT 18.03
(as on 18/04/2016)
APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 1.25
BANK NIFTY PCR ON BASIS OF OI IS 1.04
MAY SERIES
NIFTY PCR ON BASIS OF OI IS 0.95
BANK NIFTY PCR ON BASIS OF OI IS 0.77
FINAL CONCLUSION
Nifty & Bank Nifty
Additions in 8100 CE gives hint of some more upside left but Bulls need support from Bank Nifty too as additions in 16700-16800 CE may act as resistance as May series highest OI is with 16600 CE.
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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
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