NIFTY & BANK NIFTY VIEW FOR 25/04/2016

CONSOLIDATION WITH NEGATIVE BIAS WAS OUR VIEW FOR LAST TRADING SESSION AND INDICES OBLIGED OUR VIEW...!!!

LINK TO OUR LAST POST IS AS UNDER:-

http://nifty50view.blogspot.in/2016/04/nifty-bank-nifty-view-for-22042016.html

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

April Series 
Nifty ~ As expiry is near we can see liquidations in ITM options. (Both side of options chain) But surprisingly 8000 CE undergone liquidation and 8100 CE undergone mammoth additions in last trading session. Additions were also seen in 7750, 7800 & 7850 PE but still additions 8000 CE alone are in much higher quantum than total of all those PE. 

Highest OI tag is with 7800 PE & 8000 CE. 

Bank Nifty ~ Almost all nearby options on CE front undergone liquidations except 16800. On PE front 16500 PE undergone huge additions which gives hint for some downside. 

Highest OI tag is with 16000 PE & 17000 CE. 

May Series 

Nifty ~ Good additions were seen in 8000 & 8200 CE. Infact good additions were also seen in 7600 to 7900 PE. But it should be noticed that OI in 8300 CE is built-up in last 3 sessions only. 

Highest OI tag is with 7500 PE & 8300 CE. 

Bank Nifty ~ Some additions can be seen in 17000 CE with 16000 & 16500 PE front. 

Highest OI tag is with 16000 PE & 17000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.55
PE RATIO FOR BANK NIFTY STANDS AT 18.56

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 1.17
BANK NIFTY PCR ON BASIS OF OI IS 1.27

MAY SERIES
NIFTY PCR ON BASIS OF OI IS 0.88
BANK NIFTY PCR ON BASIS OF OI IS 0.59

FINAL CONCLUSION

Nifty & Bank Nifty
Though we have history of slipping down from 8000 last 2 times (December 2015 & January 2016) we feel that this time just to trap small traders Nifty may give flashes above 8000. This is because 8000 CE has undergone liquidation and we have highest OI for May series above 8000. 

But If we talk about Bank Nifty then yes strong resistance can be seen at 17000. Last close is at 16700 and resistance is 17000 so still Bulls still have 300 points to reach for strong resistance level (as we can see that 17000 CE is having strong resistance as per April & May option chain) 

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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