NIFTY & BANK NIFTY VIEW FOR 28/06/2016

DURING LAST TRADING SESSION SPOT NIFTY DID NOT MADE LOW BELOW 8000 BUT AGAIN BULLS MANAGED TO CROSS 8100 MARK DURING INTRADAY SPIKES...!!!

WE ARE REPEATING SAME THING WHICH WE HAD SAID IN LAST POST THAT IF YOU GET CHANCE TO SEE SPOT NIFTY BELOW THEN YOU CAN BUY 25% OF TOTAL TRADING CAPITAL IN NIFTY CE. (ATM OR OTM JULY SERIES WITH STOP LOSS 5% BELOW FRIDAY'S LOW)

NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Nifty

June Series

7700-7800-7900 PE together liquidated more than 1300k shares during last trading session which can be considered as nearby bottom made. Due to nearby expiry we can see that from 7500-8000 CE liquidated more than 925k shares (all ITM) OTM CE from 8100 to 8400 CE added about 2100k shares in OI. 

Highest OI tag is with 8000 PE & 8400 CE.

July Series

Good additions can be seen in 7800 & 7900 PE during last trading session but additions on CE front from 8100 to 8500 CE of about 635k shares gives hint of upside more than downside. 

Highest OI tag is with 8000 PE & 8500 CE.

Bank Nifty 
June Series

Bank Nifty rallied more than 600 points from Friday's low and looking at additions in 17300-17400-17500 PE of about 265k shares during last trading session indicates some softness in session or 2. CE front about 354k shares were added during today's session (From 17500-18000) 

Highest OI tag is with 17000 PE & 18000 CE 

July Series

Nothing much exciting seen. 

Highest OI tag is with 17000 PE & 18000 CE 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 22.22
PE RATIO FOR BANK NIFTY STANDS AT 25.20

JUNE SERIES
NIFTY PCR ON BASIS OF OI IS 1.18
BANK NIFTY PCR ON BASIS OF OI IS 1.10

JULY SERIES
NIFTY PCR ON BASIS OF OI IS 1.01
BANK NIFTY PCR ON BASIS OF OI IS 0.91

FINAL CONCLUSION

Nifty & Bank Nifty
Any dip below 8000 Spot Nifty/Future Nifty should utilized as buying opportunity. Risky traders can opt for 7900 CE June series with stoploss 5% below Friday's close. (But only 25% of Trading capital should be used) If you are future trader then you can trade in July contract. I am holding 8000 CE (July contract) from 213 levels.   

Any good opportunity if arises other than discussed above during trading hours shall be 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