NIFTY & BANK NIFTY VIEW FOR 26/04/2016

BULLS DISAPPEARED AND BEARS WERE IN DRIVER SEAT.

ANYWAY LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

April Series 
Nifty ~ Due to sudden downside in today's we can see that huge additions (1166k) were made in 7900 CE with some expectation of bounceback but at the same we can see that together 7700 & 7750 PE added more than 2400k shares.  

Highest OI tag is with 7800 PE & 8000 CE. 

Bank Nifty ~ Due to near expiry we can see liquidations in ITM options.  Additions in near by CE OTM is quite interesting to see as Bank Nifty was bit strong than Nifty in during today's session. 

Highest OI tag is with 16000 PE & 17000 CE. 

May Series 

Nifty ~ Good additions were seen in 8000, 8100 & 8200 CE. Infact good additions were also seen in 7700 & 7800 PE. But it should be noticed that OI in 8300 CE is built-up in last 4 sessions only. 

Highest OI tag is with 7500 PE & 8000 CE. 

Bank Nifty ~ Some additions can be seen in 17000 CE with 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 21.40
PE RATIO FOR BANK NIFTY STANDS AT 18.44

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 1.19
BANK NIFTY PCR ON BASIS OF OI IS 1.21

MAY SERIES
NIFTY PCR ON BASIS OF OI IS 0.86
BANK NIFTY PCR ON BASIS OF OI IS 0.85

FINAL CONCLUSION

Nifty & Bank Nifty
Looking at options data we feel that 8000 & 17000 will be tough for Bulls to cross. But we feel that some bounce before expiry cannot be ruled out. 

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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