NIFTY & BANK NIFTY VIEW FOR 27/06/2016

LAST TRADING SESSION WAS NIGHTMARE FOR BULLS...!!! BUT STILL 8000 PE WITH 17000 PE DID THEIR JOB AS BOTH WAS HOLDING HIGHEST OI MARK AND BOTH INDICES GAVE NICE BOUNCE BACK IN SECOND HALF OF THE TRADING SESSION.

AT PRESENT NIFTY DAILY CHART LOOKS LIKE THIS TO US.

NOW IF WE SEE ABOVE CHART THEN ON DAILY TIMEFRAME NIFTY FUTURE IS FORMING RISING WEDGE FORMATION AND ANY CASE IF WE GET FLASHES BELOW 7950 (FRIDAY'S LOW IS 7927) THEN WE CAN HAVE BUYING OPPORTUNITY WITH STOP LOSS BELOW 7860 AS PER NIFTY FUTURE LEVEL. FURTHER THIS IS RISING WEDGE FORMATION IN WHICH WE CAN SEE NIFTY FUTURE RISING TILL 8400 LEVELS. ANY DIP BELOW 8000 (IF ANY) WILL BE BUYING OPPORTUNITY IF YOU ARE OPTIONS TRADER THEN YOU CAN START ACCUMULATING ATM OF OTM CE WITH STOPLOSS 5% BELOW FRIDAY'S LOW.

NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Nifty

June Series

8000 & 8100 CE together added more than 3300k shares in OI during last session whereas liquidation of about 6000k shares took place on PE front 8000 to 8300 PE. 

Highest OI tag is with 8000 PE & 8500 CE.

July Series

More than 450k shares were added during last trading session in 7500 & 7600 PE. But 8000 PE is having highest OI tag. Good additions can also be seen in about 2300k shares were added in different striker prices from 8000 to 8500 PE. 

Highest OI tag is with 8000 PE & 8500 CE.

Bank Nifty 
June Series

About 170k shares were in different strike prices from 17000 to 17300 PE but liquidation of more than 260k shares liquidated from 17500 to 18000 PE. More than 300k shares were added in different strike prices from 17500 to 18000 CE.  

Highest OI tag is with 17000 PE & 18000 CE 

July Series

Nothing much exciting seen. 

Highest OI tag is with 16500 PE & 18000 CE 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 22.20
PE RATIO FOR BANK NIFTY STANDS AT 25.07

JUNE SERIES
NIFTY PCR ON BASIS OF OI IS 1.22
BANK NIFTY PCR ON BASIS OF OI IS 1.02

JULY SERIES
NIFTY PCR ON BASIS OF OI IS 0.91

BANK NIFTY PCR ON BASIS OF OI IS 0.88

FINAL CONCLUSION

Nifty & Bank Nifty
Quick bounce back can be expected in Nifty in coming sessions but exact inference out of option chain is bit difficult at present as we had one sided move during last trading session and we have nearby expiry. Any good trading opportunity if arises shall updated via whatsapp.   

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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