NIFTY & BANK NIFTY VIEW FOR 27/05/20164

2nd CONSECUTIVE DAY BULLS  RULED OVER THE STREET AND SOMEHOW WE WERE NOT ABLE TO UNDERSTAND IT WITH OUR WAY OF 'OI' DATA ANALYSIS.

NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Nifty

June Series

More than 1600k shares were added during today's session in different strike prices from 7800 to 8200. Whereas on PE front mammoth additions of about 4500k shares took place today especially 7900 & 8000 added more than  2700k share shares. 

Highest OI tag is with 7800 PE & 8200 CE.

Bank Nifty 
June Series

More than 240k shares were added today in different strike prices from 16500 to 17500 CE. On PE front more than 266k in same range. 

Highest OI tag is with 16500 PE & 17500 CE 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 22.39
PE RATIO FOR BANK NIFTY STANDS AT 22.12
(As on 25/05/2016)

JUNE SERIES
NIFTY PCR ON BASIS OF OI IS 1.05
BANK NIFTY PCR ON BASIS OF OI IS 1.11

FINAL CONCLUSION

Nifty & Bank Nifty
After very long time Nifty & Bank Nifty closed above 8000 & 17000 respectively. Spot Nifty closed about 140 points away from highest CE OI whereas Spot Bank Nifty is also have same story. 

Looking at changes in options chain we feel that positional traders should keep their positions hedged as we are expecting some volatile moves in next 2-3 sessions.   

To have exact inference out of options chain will be bit difficult at present. 

Last thing those who say highest OI theory is weak indicator may note that highest OI tag on PE front was at 7900 PE & 8100 CE at close today.  (Expiry day) Shifting of OI dependent on market moves it has very little impact on call/put writing/buying. 

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TECHNICAL ANALYSIS TRAINING

WE ALSO CONDUCT TECHNICAL ANALYSIS TRAINING VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

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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

NIFTY & BANK NIFTY VIEW FOR 26/05/20164

TODAY'S MARKET WAS COMPLETELY OUT OF OUR EXPECTATION WE HAD EXPECTED RALLY TILL 7800 OR 7825 BUT NOT BEYOND THAT...!!!

NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Nifty

May Series

Except 7950 CE all CE from 7500 to 8000 undergone liquidation during today's Bull run. Only 7950 CE added more than 1870k shares in OI. 

On PE front more than 4662k shares were added during today's session but major additions was in 7800 to 7950 PE which is about 8400k shares this means all far OTM PE from 7500 to 7700 undergone liquidation of about 4036k shares today. 

Highest OI tag is with 7900 PE & 8000 CE.

June Series

Some liquidations can be seen in 7800 CE but overall more than 211k shares were added today in different CE from 7500 to 8000. 

On PE front also good additions of about 2473k shares can be seen in different strike prices from 7500 to 8000. 

Highest OI tag is with 7700 PE & 8000 CE.

Bank Nifty 

May Series

Except 16900 CE all other CE from 16000 to 17000 CE undergone liquidation. Total liquidation of about 1185k shares took place during today's session on CE front. 

More than 751k shares were added during today's session in different strike prices from 16000-17000 but major additions can be seen from 16500-17000 PE which is just little over 1100k shares. 

Highest OI tag is with 16000 PE & 17000 CE.

June Series

Good additions of about 121k shares can be seen in today's in different strike prices from 16000 to 17000. 

Huge addition of more than 231k shares was made during today's session by traders in different strike prices from 16000 to 17000 PE. 

Highest OI tag is with 15500 PE & 17000 CE 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 22.07
PE RATIO FOR BANK NIFTY STANDS AT 20.00
(As on 23/05/2016)

MAY SERIES
NIFTY PCR ON BASIS OF OI IS 1.14
BANK NIFTY PCR ON BASIS OF OI IS 1.20

JUNE SERIES
NIFTY PCR ON BASIS OF OI IS 1.01
BANK NIFTY PCR ON BASIS OF OI IS 1.18

FINAL CONCLUSION

Nifty & Bank Nifty
Probably today's move was out of expectation to many including us. But now as highest OI range is contracted to 7900 PE & 8000 CE so it is quite obvious that Nifty may close between this zone tomorrow. But additions in 7950 hints some more bounce till this level. As per our expectation expiry range come between 7925-7960 for Nifty. 

Nifty Future Resistance at 7960-8000-8040
Nifty Future Support 7925-7890-7860-7820


Additions 16900 CE hints some more upside but as we have closed above highest CE OI mark so that creates some pressure Bulls to keep Bank Nifty above that mark. As per our view Bank Nifty may expire between 16900-17000 tomorrow. 

Bank Nifty Future Resistance at 17045-17090-17145
Bank Nifty Support at 16930-16870

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TECHNICAL ANALYSIS TRAINING

WE ALSO CONDUCT TECHNICAL ANALYSIS TRAINING VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

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OUR FACEBOOK PAGE

https://www.facebook.com/nifty50striker/

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OUR TWITTER HANDLE

https://www.twitter.com/nifty50striker/

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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

NIFTY & BANK NIFTY VIEW FOR 25/05/20164

TOUGH FIGHT BETWEEN BULLS & BEARS BUT IN THE END BULLS MANAGED TO HAVE THE UPPER HAND MARGINALLY...!!!

NOW BEFORE WE MOVE AHEAD LETS TRY TO CHECK NIFTY FUTURE DAILY CHART...!!!

As we can see that today's low is almost near to the rising trendline. Also as per options data we have strong support at 7700 level.

NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Nifty

May Series

More than 1450k shares were liquidated from 7500 to 8000 CE. Except 7650 CE all CE undergone liquidation during today's session.  On PE front more than 900k shares were added during session but majority additions are done in 7550 to 7750 PE which is about  1837k shares. 

Highest OI tag is with 7700 PE & 8000 CE.

June Series

More than 890k shares were added during today's session in different strike prices from 7500-8000. Majority of additions can be seen in 7700 to 8000 CE. 

On PE front more than 617k shares were added during today's session out of which about 265k shares were added in 7500 & 7600 alone. 

Highest OI tag is with 7500 PE & 8000 CE.

Bank Nifty 

May Series

About 93k shares were added in different strike prices from 16000 to 17000 CE but major additions can be seen 16400 CE which is more than 100k shares. 

More than 319k shares were added during today's session in different strike prices from 16000-17000 but about 250k shares were added in 16300-16400 PE together. 

Highest OI tag is with 16000 PE & 17000 CE.

June Series

Minor additions of 35k shares can be seen in different strike prices from 16000 to 17000 CE. 

PE front too just little above 28.5k shares were added during today's session. 

Highest OI tag is with 15500 PE & 17000 CE 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.16
PE RATIO FOR BANK NIFTY STANDS AT 18.74
(As on 23/05/2016)

MAY SERIES
NIFTY PCR ON BASIS OF OI IS 0.83
BANK NIFTY PCR ON BASIS OF OI IS 0.76

JUNE SERIES
NIFTY PCR ON BASIS OF OI IS 1.02
BANK NIFTY PCR ON BASIS OF OI IS 1.30

FINAL CONCLUSION

Nifty & Bank Nifty
Today at about 1.40 pm when Nifty Future was trading at 7760 more than 2175k shares were added in 7700 PE then we had seen drop in Nifty Future till 7737 but surprisingly at end of the day about 586k shares were added in OI. 

Volumes were lower in Nifty Future also Bulls failed to make Bullish Reversal pattern known as Piercing pattern. 

Changes in today's options chain reflects consolidation based mix based moves. 

Nifty Future Resistance at 7800-7830-7860
Nifty Future Support 7720-7690


Bank Nifty options chain also says same story. 

Bank Nifty Future Resistance at 16580-16670-16735-16800
Bank Nifty Support at 16450-16375-16320-16260

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TECHNICAL ANALYSIS TRAINING

WE ALSO CONDUCT TECHNICAL ANALYSIS TRAINING VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

-------------------------------------------------------------

OUR FACEBOOK PAGE

https://www.facebook.com/nifty50striker/

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OUR TWITTER HANDLE

https://www.twitter.com/nifty50striker/

-------------------------------------------------------------

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

NIFTY & BANK NIFTY VIEW FOR 24/05/2016

PREVIOUS TRADING SESSION 2nd HALF CE ADDITIONS THEN TODAY 1st HALF SOME LIQUIDATIONS IN CE WITH MAMMOTH ADDITIONS ON PE FRONT AND THEN AGAIN 2nd HALF NIFTY DOWN AND LIQUIDATIONS IN PE...!!!

WELL WE HAD TRIED TO GIVE ALERT ON TWITTER AND THEREAFTER BULLS MANAGED LIFT NIFTY MORE THAN 40 POINTS FROM PREVIOUS CLOSE BUT THEN SUDDENLY BEARS CAME IN DRIVER SEAT AND AT THE END MANAGED TO CLOSE IN MINOR RED MARK..!!!

PLEASE NOTE OUR BLOG POSTS ARE AS PER EOD DATA AND UPDATE ON TWITTER AND/OR FACEBOOK ARE ON LIVE BASIS DURING MARKET HOURS.

NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Nifty

May Series

About 1885k shares were liquidated from 7900 to 8000 CE but mammoth additions of 2440k in 7700 to 7850 CE resulted into net additions of 424k CE shares from 7500 to 8000. Also mammoth liquidations in different strike prices from 8000 to 8500 was also seen which over all resulted in shedding of 2034k shares. 

From 7500 to 8000 PE minor liquidation of 324k shares can be seen. Liquidation in 7500-7600 PE indicates very thin chances of Nifty closing around 7600 level. Mammoth additions in 7650 & 7750 PE indicates strong based in this zone for next upmove. Liquidation of 746k shares in 7800-8000 PE also confirms this. 

Highest OI tag is with 7700 PE & 8000 CE.

June Series

About 1300 shares were added today n different strike prices from 7500 to 8000 CE. On PE front 1061k shares were added today in different strike prices from 7500-8000 PE. 

Highest OI tag is with 7500 PE & 8000 CE.

Bank Nifty 

May Series

About 490k shares were added in different strike prices from 16000 to 17000 CE Except 16000 & 16800 CE. Mammoth additions about 300k shares in 16500 to 16700 CE is good sign for bulls. 

From 16500 to 17000 PE about 33k shares were liquidated today. Whereas 16000 to 16500 PE total 79k shares were added today. 

Highest OI tag is with 16000 PE & 17000 CE.

June Series

About 80k shares were added on CE front in different strike prices  from 16000-17000 CE. 

More than 48k shares were added in different strikes from 16000-17000 PE. 

Highest OI tag is with 15500 PE & 17000 CE 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.13
PE RATIO FOR BANK NIFTY STANDS AT 18.88
(As on 20/05/2016)

MAY SERIES
NIFTY PCR ON BASIS OF OI IS 0.76
BANK NIFTY PCR ON BASIS OF OI IS 0.69

JUNE SERIES
NIFTY PCR ON BASIS OF OI IS 1.07
BANK NIFTY PCR ON BASIS OF OI IS 1.33

FINAL CONCLUSION

Nifty & Bank Nifty
Looking at changes in both side of option chain of May series we feel that some bounce cannot be ruled out in next trading session. Now again question arises whether that bounce will sustain or not will be purely on the basis of changes in options chain. 

Nifty Future Resistance at 7760-7800-7830-7860
Nifty Future Support 7720-7690


Bank Nifty options chain also says same story. 

Bank Nifty Future Resistance at 16450-16580-16670-16735-16800
Bank Nifty Support at 16375-16320-16260

-----------------------------------------------------------

TECHNICAL ANALYSIS TRAINING

WE ALSO CONDUCT TECHNICAL ANALYSIS TRAINING VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

-------------------------------------------------------------

OUR FACEBOOK PAGE

https://www.facebook.com/nifty50striker/

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OUR TWITTER HANDLE

https://www.twitter.com/nifty50striker/

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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

NIFTY & BANK NIFTY VIEW FOR 23/04/2016

ONCE AGAIN ALERT GIVEN WORKED VERY WELL AND NIFTY RESPECTED OUR VIEW...!!!

DURING LAST TRADING SESSION WE HAD TRIED TO GIVE CAUTION WHEN MAMMOTH ADDITIONS OF ABOUT 1100K SHARES TOOK PLACE 7800 PE ON OUR TWITTER ID THEREAFTER BEARS MANAGED BRING NIFTY BELOW 7750 LEVEL.

PLEASE NOTE OUR BLOG POSTS ARE AS PER EOD DATA AND UPDATE ON TWITTER AND/OR FACEBOOK ARE ON LIVE BASIS DURING MARKET HOURS.

NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Nifty

May Series

More than 670k shares were liquidated on PE front during last trading session from 7500-8000 PE. But interesting thing is from 7700-8000 more than 1200k shares were liquidated which can be considered profit booking but PE due to one sided Nifty move in last 3 trading sessions. 

On CE front about 1850k shares were added from 7500-8000 CE but major addition took place in 7700-7950 CE which is about 2407k shares. 

Highest OI tag is with 7700 PE & 8000 CE.

June Series

More than 344k shares were added during last session 7500-8000 PE with major additions in 7500 & 7700 PE. 

About 850k shares were added in different CE ranging from 7500-8000 but major additions in 7700, 7800 & 8000. 

Highest OI tag is with 7700 PE & 8000 CE.

Bank Nifty 

May Series

More than 95k shares were liquidated on PE front in different strike prices from 16000-17000. But major liquidation took place in different PE strikes from 16500-17000 which is about  125k shares. 

CE front about 190k shares were added in different strikes from 16000-17000 with major addition 16500, 16600 & 16800 CE. 

Highest OI tag is with 16000 PE & 17000 CE.

June Series

About 20k shares were added in PE front in different strike prices  from 16000-17000 PE. 

More than 38k shares were added in different strikes from 16000-17000 CE. 

Highest OI tag is with 15500 PE & 17000 CE 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 21.19
PE RATIO FOR BANK NIFTY STANDS AT 18.88

MAY SERIES
NIFTY PCR ON BASIS OF OI IS 0.76
BANK NIFTY PCR ON BASIS OF OI IS 0.78

JUNE SERIES
NIFTY PCR ON BASIS OF OI IS 1.09
BANK NIFTY PCR ON BASIS OF OI IS 1.40

FINAL CONCLUSION

Nifty & Bank Nifty
Both May & June series having same resistance level at 8000 level. But if we see June series then OI at 7500 & 7700 PE is almost the same so that may play vital role ahead. But looking at major liquidation in ITM PE it seems that in next 4 sessions  downside is limited till flashes below 7700 with condition no major addition in 7700 or 7600 PE. Also looking at additions on CE front in last few sessions we feel Nifty may test 7900 levels before expiry.

Nifty Future Resistance at 7800-7830-7860
Nifty Future Support 7760-7720-7690


Bank Nifty closed bit far from highest OI on PE front but looking at liquidation in ITM PE strikes we feel that here also bounce cannot be ruled out. On upside resistance will be at 16800 level. 

Bank Nifty Future Resistance at 16580-16670-16735-16800
Bank Nifty Support at 16450-16375-16320

-----------------------------------------------------------

TECHNICAL ANALYSIS TRAINING

WE ALSO CONDUCT TECHNICAL ANALYSIS TRAINING VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

-------------------------------------------------------------

OUR FACEBOOK PAGE

https://www.facebook.com/nifty50striker/

-------------------------------------------------------------

OUR TWITTER HANDLE

https://www.twitter.com/nifty50striker/

-------------------------------------------------------------

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