AS EXPECTED BY US IN OUR LAST POST NIFTY CLOSED WITH SOME GAINS. NOW AS WE HAVE ONLY 4 SESSIONS LEFT IN JULY SERIES SO ONE MUST BE BIT CAUTIOUS AS OPTION PREMIUMS MAY START DRYING.
ANYWAY LETS TRY TO UNDERSTAND/STUDY OPTIONS DATA.
Nifty
July Series
More than 1900k shares were liquidated in different strike prices from 7000-8600 CE (not even single CE undergone addition) On PE front about 1225k shares were added in 8350 to 8600 PE.
Highest OI tag is with 8400 PE & 8600 CE.
August Series
Mammoth additions can be seen in 8100 PE but in last few sessions good OI additions has been made in 8500 PE which has resulted in shift of highest OI tag from 8000 to 8500 PE. Yes, this was result that we had said we do not see 3 continuous close below 8500. We may see some flashes below 8500 on or before Thursday 28/07/2016.
Highest OI tag is with 8500 PE & 9000 CE.
Bank Nifty
4th August 2016 Option chain (Weekly Expiry)
4th August 2016 Option chain (Weekly Expiry)
Nothing much exciting (no built-up yet)
July Series
More than 400k shares were added in different strike prices from 18500-19500 CE but additions above 19000 CE does not create much sense as we are near to expiry. But additions in 18000-18600 PE of about 660k shares create some sense.
Highest OI tag is with 18000 PE & 19000 CE.
(But 18500 PE OI suggests it may take highest OI tag)
August Series
19000-19500-20000 CE has got almost same OI. OI in 17500 & 18500 PE is almost the same. But 18000 PE is having highest OI tag. Nothing more can be analysed at present as we have got weekly contract/expiry but in that built-up is yet to be taken place.
Highest OI tag is with 18000 PE & 20000 CE.
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
July Series
More than 400k shares were added in different strike prices from 18500-19500 CE but additions above 19000 CE does not create much sense as we are near to expiry. But additions in 18000-18600 PE of about 660k shares create some sense.
Highest OI tag is with 18000 PE & 19000 CE.
(But 18500 PE OI suggests it may take highest OI tag)
August Series
19000-19500-20000 CE has got almost same OI. OI in 17500 & 18500 PE is almost the same. But 18000 PE is having highest OI tag. Nothing more can be analysed at present as we have got weekly contract/expiry but in that built-up is yet to be taken place.
Highest OI tag is with 18000 PE & 20000 CE.
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
PE RATIO FOR BANK NIFTY STANDS AT 26.78
JULY SERIES
NIFTY PCR ON BASIS OF OI IS 1.13
BANK NIFTY PCR ON BASIS OF OI IS 1.19
AUGUST SERIES
NIFTY PCR ON BASIS OF OI IS 0.87
BANK NIFTY PCR ON BASIS OF OI IS 0.84
FINAL CONCLUSION
Nifty & Bank Nifty
Lets first see Nifty.
Liquidation on CE front hints some downside can be expected in coming sessions. But again closing below 8500 will be tough task for Bears.
Now Lets see Bank Nifty.
As discussed earlier additions above 19000 CE may not create much sense but additions on PE may result in to some softness in coming session or 2.
Dr Reddy trade is on basis of OC and chart (Chart already shared)
LIC Housing trade is on basis of OC and chart. (Cash open ~ CE call closed)
TATA Motors trade is on basis of OC and chart. (Call closed with loss)
Sun Pharma trade is on basis of OC and chart. (chart already shared) (Call closed with profit)
Lupin trade is on basis of OC and chart.
-----------------------------------------------------------
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/
-------------------------------------------------------------
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
No comments:
Post a Comment
Note: only a member of this blog may post a comment.