NIFTY & BANK NIFTY VIEW FOR 12/07/2016

IN OUR LAST POST ALSO WE HAD SAID AND WE ARE TELLING AGAIN THAT WE HAD SMART EXIT IN 8200 PE ON FRIDAY...!!!

ALSO DURING LAST TRADING SESSION TATA MOTORS CE GAVE GOOD MONEY IN INTRADAY.

ALSO BY END OF SESSION WE HAD SAID THAT WE ARE EXPECTING SHIFT IN HIGHEST OI TAG WHICH ACTUALLY HAPPENED ALSO...!!!

WE HAD SHARED NIFTY DAILY CHART WITH YOU DURING LAST TRADING SESSION BUT WITH SHIFT IN OI BULLS MAY PLAN TO CONQUER HIGHER LEVEL THAN 8500...!!! CHART FOR SAME SHALL BE SHARED AT APPROPRIATE TIME.

NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Nifty

July Series

More than 1450k shares were liquidated in 8100-8200 PE. Also to note that many times in intraday 8300/8400 PE gained highest OI but the end of the day in sudden surprise 8700 CE gained highest OI tag on CE front. But again mammoth additions in 8400 PE indicated it may gain highest OI tag which can be considered as strong support but only when it gains. 

Highest OI tag is with 8200 PE & 8700 CE.

Bank Nifty 
14th July 2016 Option chain (Weekly Expiry)
Due to sudden move in single day additions can be seen of both side of option chain. ITM 17900-18300 CE liquidations can be seen. Till the time 19000 CE does not gain highest OI tag from 18500 CE more upside cannot be expect in Bank Nifty before weekly expiry. 

Highest OI tag is with 18000 PE & 18500 CE 

July Series
Good additions can be seen in 18000 PE. 17000 PE with 17400 to 17700 PE undergone liquidation. 18600-19000 CE undergone additions but OI difference between 18500 to 19000 is not very high so if 19000 CE gains highest OI tag then more upside cannot be ruled out. 

Highest OI tag is with 17000 PE & 18500 CE 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.25
PE RATIO FOR BANK NIFTY STANDS AT 26.46

JULY SERIES
NIFTY PCR ON BASIS OF OI IS 1.19
BANK NIFTY PCR ON BASIS OF OI IS 1.21

FINAL CONCLUSION

Nifty & Bank Nifty
Lets first see Nifty.
If highest OI tag from 8200 PE shifts to 8300 or 8400 or 8500 PE then we can see more upside momentum. At present PCR is very high for current series so if trade needs to be initiated then it must be for next series and for higher strike price CE. 

Now Lets see Bank Nifty.
18500 without doubt shall remain/act as resistance till weekly expiry but before that if on closing basis if this weekly expiry 19000 CE contract gains highest OI tag then one more upside move can be expected. 

Any good trading opportunity like Tata Motors or alike shall be shared via whatsapp. 

IndusInd Bank gave more than 40 points (Spot made high of 1147 during last session) also before that we had closed call on account of result. Despite of good result stock melted which was one of best examples that charts/options data discounts everything in advance. 

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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