NIFTY & BANK NIFTY VIEW FOR 29/06/2016

AS COMMUNICATED TO YOU ALL; DURING LAST TRADING SESSION NIFTY & BANK NIFTY (EXCEPT SUDDEN SPIKE) WERE IN TIGHT RANGE FOR MOST OF TIME DURING LAST TRADING SESSION.

NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Nifty

June Series

More than 650k shares were liquidated in 8000-8100 CE. But surprisingly more than 1550k shares were added in 8150-8300 CE (8000 & 8300 CE as on PE front 8000 PE is having highest OI mark and 8300 on CE front) Ideally highest PE acts as support & CE as resistance. More than 1800k shares were added in 8050-8150 PE front. 

Highest OI tag is with 8000 PE & 8300 CE.

July Series

Good additions can be seen in 8200 & 8300 CE during last trading session but at the same time additions in different strike prices from 7500 to 8200 PE are quit surprising.  Further to add that if we see valuations wise then PE are comparatively over priced than CE (but it should be noted that PE are also low if we consider historically) 

Highest OI tag is with 8000 PE & 8500 CE.

Bank Nifty 
June Series

Though expiry is near good additions can be seen in 17600-18000 CE. Below 17500 some additions on PE front can be seen.  

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
(As on 28/06/2016)

JUNE SERIES
NIFTY PCR ON BASIS OF OI IS 1.21
BANK NIFTY PCR ON BASIS OF OI IS 1.12

JULY SERIES
NIFTY PCR ON BASIS OF OI IS 1.07
BANK NIFTY PCR ON BASIS OF OI IS 0.94

FINAL CONCLUSION

Nifty & Bank Nifty
Looking at consolidation and options data we feel that Nifty/BankNifty may rally for 100/300 points in session or two. 

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