NIFTY & BANK NIFTY VIEW FOR 13/07/2016

SHIFTING OF OI TOOK PLACE BUT HIGHEST OI CE TAG AT 8600 STRIKE PRICE IS NOT MUCH CONVINCING. ALSO AT PRESENT NIFTY HIGHEST IS AT 8600 AND SPOT NIFTY CLOSED NEAR TO THAT LEVEL ONLY...!!!

TODAY DURING TRADING SESSION SHALL TRY TO SHARE PROBABLE EXPECTED MOVE FOR NIFTY.

NOW LETS TRY TO MOVE FORWARD TO OPTION CHAIN ANALYSIS.

Nifty

July Series

More than 950k shares were liquidated in 8300-8500 CE. But additions 8550-8900 CE are mammoth (2200k) which can be considered as underlying tone/bias is bullish. Additions in 8400-8500 PE still indicates bears still are not in mood to give up.   

Highest OI tag is with 8400 PE & 8600 CE.

Bank Nifty 
14th July 2016 Option chain (Weekly Expiry)
More than 500k shares were liquidated in 18000-18500 CE zone. But mammoth additions in 18400-18600 PE zone can be considered as strong base and may lead to shift in highest OI tag. 

Highest OI tag is with 18000 PE & 18700 CE 

July Series
More than 100k shares liquidated from 18000-18600 CE. More than 335k shares were added in 18000-18600 PE zone. 

Highest OI tag is with 18000 PE & 19000 CE 

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.39
PE RATIO FOR BANK NIFTY STANDS AT 26.75

JULY SERIES
NIFTY PCR ON BASIS OF OI IS 1.24
BANK NIFTY PCR ON BASIS OF OI IS 1.32

FINAL CONCLUSION

Nifty & Bank Nifty
Lets first see Nifty.
As highest on both side is very much narrow we may expect first narrow range of trading and then ether side move with shift in OI. PCR is very high so positional basis long side trade is bit risky for current series. 

Now Lets see Bank Nifty.
Looking at weekly expiry option chain and correlating it with monthly positional trade should be avoided. 

Century Textile trade was shared with you all and naked trade was avoided due to jobbing in option pricing.

-----------------------------------------------------------

TECHNICAL ANALYSIS TRAINING

WE ALSO CONDUCT TECHNICAL ANALYSIS TRAINING VIA ONLINE AS WELL AS ONE ON ONE ON PERSONAL BASIS. FOR DETAILS CONTACT US ON 08866145155 (PHONE CALL ONLY)

--------------------------------------------------------

OUR FACEBOOK PAGE

https://www.facebook.com/nifty50striker/

--------------------------------------------------------

OUR TWITTER HANDLE

https://www.twitter.com/nifty50striker/

-------------------------------------------------------------

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