NIFTY & BANK NIFTY VIEW FOR 30/06/2016

NIFTY & BANK NIFTY RESPECTED OUR VIEW FOR UPSIDE IN LAST TRADING SESSION. NOW AT PRESENT BEFORE DISCUSSING ANYTHING FURTHER LETS TRY TO SEE NIFTY ON DAILY CHARTS.

BELOW IS NIFTY FUTURE DAILY CHART FOR LAST 3 MONTHS AND LOOKING AT TREND WE ARE INDEED IN UPTREND.

ALSO TO NOTE IN ABOVE CHART WE CAN SEE THAT GAP CREATED DURING LAST FRIDAY IN GAP DOWN OPENING GOT FILLED TODAY...!!!

NOW LETS TRY TO SEE WHAT CAN BE EXPECTED MOVE IN NEXT TRADING SESSION.

SO AS PER ABOVE CHART (ACTUALLY IT IS JUNE SERIES CHART) SO ACCORDINGLY IF WE CONSIDER THEN IMMEDIATELY RESISTANCE COMES AT 8300-8310 ZONE...!!!

NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Nifty

June Series

More than 3500k shares were added in 8150-8200 PE during today's session whereas more than 2500k shares were liquidated in 8100-8200 CE. 

But surprisingly even after today upside move nearby OTM 8250-8300-8350 CE undergone additions of more than 2000k shares. 

Highest OI tag is with 8000 PE & 8300 CE.

July Series

More than 1500k shares were added in 7900-8000-8100-8200 PE. On CE front 425k shares in 8300-8400-8500 CE. 

Highest OI tag is with 8000 PE & 8500 CE.

Bank Nifty 
June Series

Heavy liquidations can be seen in ITM CE but no major liquidation can be seen on PE front. Infact major additions can be seen 17500-17600-17700 PE. Very minor additions can be seen in 17700-17800-17900 CE. 

Highest OI tag is with 17000 PE & 18000 CE 

July Series

Nothing much exciting seen. This is due to recent launch of weekly option series early position built-up is not seen. 

Highest OI tag is with 17000 PE & 18000 CE 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 22.52
PE RATIO FOR BANK NIFTY STANDS AT 25.45

JUNE SERIES
NIFTY PCR ON BASIS OF OI IS 1.36
BANK NIFTY PCR ON BASIS OF OI IS 1.29

JULY SERIES
NIFTY PCR ON BASIS OF OI IS 1.01
BANK NIFTY PCR ON BASIS OF OI IS 1.08

FINAL CONCLUSION

Nifty & Bank Nifty
Looking at options data and charts we feel Nifty Future may not cross 8305-8310 zone easily.Further to add that Bank Nifty is trading near to its highest OI so that may lead some pressure. 

Old holding of 8300 CE was squared off today.
Present holding 8000 CE July series.

If we talk about premium in Nifty July series option then CE are still undervalued than PE. 

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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