NIFTY & BANK NIFTY VIEW FOR 27/04/2016

BOUNCE WHICH WE WERE EXPECTING FROM LAST 2-3 SESSIONS CAME IN TODAY...!!!

IN OUR LAST POST WE HAD SAID CLEARLY THAT BULL MAY FIND IT DIFFICULT TO CROSS 8000 & 17000 BUT BOUNCE CANNOT BE RULED OUT.

PLEASE NOTE OUR BLOG POSTS ARE COMBINATION OF CHARTS & OPTIONS CHAIN ANALYSIS. WE DO NOT STUDY FII-DII DATA.

NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

April Series 
Nifty ~ Huge liquidations can be seen in CE front. Yes from 5450 to 8000 CE not even a single CE has undergone additions . On PE front more than 3000k shares were added only by 7900 & 7950 PE.  

Highest OI tag is with 7800 PE & 8000 CE. 

Bank Nifty ~ Almost same scenario is getting repeated in Bank Nifty. Except 15200 CE all CE (from 12000 to 17000) undergone liquidation. About 525k shares were added on PE front (from 16500-17000 PE) 

Highest OI tag is with 16500 PE & 17000 CE. 

May Series 

Nifty ~ More than 1300k shares were added in 8100-8400 CE together. About 1600k shares were added 7700-8100 PE. (Not considered XX50 strike prices) 

Highest OI tag is with 7500 PE & 8100 CE. 

Bank Nifty ~ About 90k shares were added in 17500-18000 CE but additions on PE front is not very much exciting. 

Highest OI tag is with 16000 PE & 17000 CE. 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.60
PE RATIO FOR BANK NIFTY STANDS AT 18.79

APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 1.44
BANK NIFTY PCR ON BASIS OF OI IS 1.41

MAY SERIES
NIFTY PCR ON BASIS OF OI IS 0.86
BANK NIFTY PCR ON BASIS OF OI IS 0.68

FINAL CONCLUSION

Nifty & Bank Nifty
Mammoth liquidations on CE front in Nifty indicates limited upside for next 2 sessions.  In Fact Bank Nifty closed above highest OI so some downside cannot be ruled. But to trap Bears more we feel some flashes around 8000 (with leverage of 10-15 points) and 17100 (leverage of 25-30 points) 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.

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