NIFTY OBLIGED OUR VIEW...!!!
TO KNOW WHAT WE HAD SAID ABOUT NIFTY IN OUR LAST BLOG POST CLICK HERE.
NOW WE HAVE APRIL SERIES EXPIRY TOMORROW AND TONIGHT WE HAVE FED EVENT TONIGHT...!!!
PE RATIO FOR NIFTY STANDS AT 21.66TO KNOW WHAT WE HAD SAID ABOUT NIFTY IN OUR LAST BLOG POST CLICK HERE.
NOW WE HAVE APRIL SERIES EXPIRY TOMORROW AND TONIGHT WE HAVE FED EVENT TONIGHT...!!!
NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.
April Series
Nifty ~ Option is reflecting same picture of yesterday right from 5450 to 8000 (except 7950) all CE undergone liquidations. But some additions in 7950 & 8050 CE are seen but if we talk about PE front then it is giving some opposite picture than CE; as we can see some additions in 7850 to 8000 PE.
Highest OI tag is with 7700 PE & 8000 CE.
Bank Nifty ~ Today's move in Bank Nifty was completely opposite to Nifty. As expiry is near all ITM & far OTM options undergone liquidations today. But with some hope of bounce back some built-up can be seen in 16900 & 17000 CE.
Highest OI tag is with 16000 PE & 17000 CE.
Highest OI tag is with 7800 PE & 8200 CE.
Bank Nifty ~ Some additions in 17000 & 17500 were seen with 16500 & 16000.
Highest OI tag is with 16000 PE & 17000 CE.
Nifty ~ Option is reflecting same picture of yesterday right from 5450 to 8000 (except 7950) all CE undergone liquidations. But some additions in 7950 & 8050 CE are seen but if we talk about PE front then it is giving some opposite picture than CE; as we can see some additions in 7850 to 8000 PE.
Highest OI tag is with 7700 PE & 8000 CE.
Bank Nifty ~ Today's move in Bank Nifty was completely opposite to Nifty. As expiry is near all ITM & far OTM options undergone liquidations today. But with some hope of bounce back some built-up can be seen in 16900 & 17000 CE.
Highest OI tag is with 16000 PE & 17000 CE.
May Series
Nifty ~ Except 8100 CE almost all CE undergone addition in OI. Infact strong built-up can be seen at 8200 CE. On PE front 7700 to 8000 together added more than 1600k shares. Highest OI tag is with 7800 PE & 8200 CE.
Bank Nifty ~ Some additions in 17000 & 17500 were seen with 16500 & 16000.
Highest OI tag is with 16000 PE & 17000 CE.
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
PE RATIO FOR BANK NIFTY STANDS AT 18.66
APRIL SERIES
NIFTY PCR ON BASIS OF OI IS 1.55
BANK NIFTY PCR ON BASIS OF OI IS 1.14
MAY SERIES
NIFTY PCR ON BASIS OF OI IS 0.91
BANK NIFTY PCR ON BASIS OF OI IS 0.74
FINAL CONCLUSION
Nifty & Bank Nifty
Additions in nearby PE in Nifty gives hint of downside in next session as we can see that PCR for Nifty is also very very high.
Bank Nifty is giving hint giving of some bounce.
So overall we feel tomorrow we can have volatile session as per options data.
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TECHNICAL ANALYSIS TRAINING
WE ALSO CONDUCT TECHNICAL ANALYSIS WORKSHOP VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)
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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
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