NIFTY & BANK NIFTY VIEW FOR 07/07/2016

IN OUR LAST POST WE HAD SAID THAT WE ARE EXPECTING DOWNSIDE OF ABOUT 80-125 POINTS IN NIFTY AND IN LAST SESSION AT POINT OF TIME SPOT NIFTY ALSO FELL TILL 50 POINTS...!!!

ALSO WE HAD SEND MESSAGE TO ALL OF YOU THAT WE ARE EXPECTING 100-125 POINTS DIP IN NIFTY.

NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Nifty

July Series

Surprisingly more than 1400k shares were added in 8300 to 8700 CE (not considered xx50 strike prices) but still highest OI tag is with 8500. On PE front highest additions can be seen in 8200 PE which has made it highest OI on PE front. From 8100-8500 PE (not considered xx50 strike prices) about 790k shares were added.

Highest OI tag is with 8200 PE & 8500 CE.

Bank Nifty 
7th July 2016 Option chain (Weekly Expiry)
More than 750k share were added in 18100-18500 CE. On PE front not much additions were seen. 

Highest OI tag is with 17500 PE & 18500 CE 

July Series
About 35k shares were added in 18000-18500 CE. On PE front not much additions seen. In 17500 PE (highest OI tag) undergone liquidations. 

Highest OI tag is with 17500 PE & 18500 CE 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 22.88
PE RATIO FOR BANK NIFTY STANDS AT 25.90

JULY SERIES
NIFTY PCR ON BASIS OF OI IS 1.11
BANK NIFTY PCR ON BASIS OF OI IS 1.23

FINAL CONCLUSION

Nifty & Bank Nifty
Lets first see Bank Nifty.
Looking at weekly expiry option chain we feel that downside is limited which is also confirmed by monthly expiry option chain. 

Now Lets see Nifty.
Change in highest OI tag on PE front at 8200 gives hint of limited downside. Further to add mammoth additions in 8300-8700 CE gives hint of upside move. 

Open position is in 8200 PE bought around 100-105 level. Exit on this shall be informed on whatsapp. We are holding this from last 4-5 sessions and we may exit in it by Friday EOD if it does not move in our favour. 


New position taking in early trades should be avoided strictly. More updates shall be send via whatsapp during market hours. 

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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