NIFTY & BANK NIFTY VIEW FOR 31/08/2016

LAST TRADING SESSION WAS SESSION FOR WHICH WE WERE WAITING FROM VERY LONG TIME.

INFACT IN OUR LAST POST WE HAD TRIED TO EXPLAIN VIA DIFFERENT WAYS THAT MOMENTUM IS STILL BULLISH DESPITE ALL ODDS.

LETS TRY TO UNDERSTAND CHANGES IN OI DATA.

Nifty

September Series

Mammoth additions in 8600 & 8700 PE indicates frustration of Bears. Further liquidation on CE in ITM CE and not major addition in any CE till 9000 CE leads some doubt over any major upside. But overall OI in 8800 & 8900 CE is still in favor of Bulls. 

Highest OI tag is with 8500 PE & 9000 CE.

Bank Nifty 

September Series (Weekly Expiry - Immediate)

Mammoth additions in different strike prices from 19100 to 19500 PE indicates frustration of Bulls. Whereas on CE front huge liquidations can be seen. Highest OI tag shifted from 19500 to 19700 CE.

Highest OI tag is with 19000 PE & 19700 CE.

September Series (Monthly Expiry)

As we have 4 weekly expiry and then Monthly expiry is there and we have long series. This Monthly chain may not reflect true picture at present. This can be easily inferred also after yesterday's session. Though we had mammoth rally no liquidation can be seen in ITM PE also no major additions can be seen on CE front. 

Highest OI tag is with 19000 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.97

PE RATIO FOR BANK NIFTY STANDS AT 28.83

SEPTEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.16
BANK NIFTY PCR ON BASIS OF OI IS 0.91

FINAL CONCLUSION

Nifty & Bank Nifty
Nifty PCR is very high at present but OI at 8700 & 8800 CE indicates some more upside but if Bulls managed to cross 8800 CE then more upside can be expected.  

Now Lets see Bank Nifty.
Looking at weekly expiry 19700-19800 may act as strong resistance at present and some dip can be expecting before crossing 19700 levels. 

NIFTY

Support & Resistance levels shall be shared before market opens. 

BANK NIFTY

Support & Resistance levels shall be shared before market opens. 

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

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)

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. HE IS ALSO CERTIFIED AS RESEARCH ANALYST FROM SEBI. FURTHER HE HAS CLEARED INVESTMENT ADVISER LEVEL - 1 FROM NISM IN 2014.

NIFTY & BANK NIFTY VIEW FOR 30/08/2016

OUR SUPPORT LEVELS WERE RESPECTED FOR NIFTY & BANK NIFTY DURING LAST TRADING SESSION AND GOOD BOUNCE WAS SEEN FROM LOWER LEVELS.

AT PRESENT WE SEE NIFTY & BANK NIFTY EOD CHARTS AS UNDER:-

NIFTY EOD CHART

Looking at chart we can say that strong zone at 8515-8540 zone is there and very fall/dip till that level is buy with stoploss level of 8490 for risk reward of 1:2 minimum. 

BANK NIFTY EOD CHART

Till the time Bulls are able to manage/lift Bank Nifty above 18950 level we do not see any major fall.  

LETS TRY TO UNDERSTAND CHANGES IN OI DATA.

Nifty

September Series

Huge additions in 8500 PE is good change for Bulls. Both sides of OC is going through massive built-up which is nothing but is preparation of some big explosive move. But looking at total OI on CE front in 8700-8800-8900-9000 we feel that probable move would be on upside only. 

Highest OI tag is with 8500 PE & 9000 CE.

Bank Nifty 

September Series (Weekly Expiry - Immediate)

In our last post also we had discussed and still sharing same view that 19000-19100 PE is going through strong base built-up and that may act as strong support. Still mammoth additions is taking around 19000 PE (within range of 200 points) CE front also good built-up can be seen but till Wednesday EOD we do not see close above 19500 level. 

Highest OI tag is with 19000 PE & 19500 CE.

September Series (Monthly Expiry)

Monthly expiry also depicting more or less similar story at present. Strong formation can be seen at 19000 levels. Upside hurdle at present is at 20000. 

Highest OI tag is with 19000 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.60

PE RATIO FOR BANK NIFTY STANDS AT 28.37

SEPTEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.13
BANK NIFTY PCR ON BASIS OF OI IS 1.07

FINAL CONCLUSION

Nifty & Bank Nifty
PCR is in favor of  Bears at present but somehow till the time Bulls are managing close above 8500 we do not see any major fall. Further till the time we are getting bounce from 8520 levels is very very good indication for Bullish momentum.

Now Lets see Bank Nifty.
Strong base formation is taking place at 19000 level. In any case if we see bounce from 18950 level it should be buy with stop loss of 18875 on spot basis. Further if we see spot Bank Nifty sustaining above 19000 then we can see upside move till 19680, 19820 & 20000 levels before expiry. 

NIFTY

SUPPORT:- 8615-8610, 8545-8540, 8515-8510 & 8495-8490

RESISTANCE:- 8645-8650, 8670-8675 & 8695-8700

BANK NIFTY

SUPPORT:- 19135-19120, 19090-19080, 19015-19030 & 19000-18900

RESISTANCE:- 19240-19250, 19340-19350 & 19420-19435

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

TECHNICAL ANALYSIS TRAINING

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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. HE IS ALSO CERTIFIED AS RESEARCH ANALYST FROM SEBI. FURTHER HE HAS CLEARED INVESTMENT ADVISER LEVEL - 1 FROM NISM IN 2014.

NIFTY & BANK NIFTY VIEW FOR 29/08/2016

FIRST DAY OF SERIES AND BEARS MANAGED TO GIVE FIRST BLOW...!!!

ANYWAY LETS TRY TO UNDERSTAND CHANGES IN OI DATA.

Nifty

September Series

Huge additions in nearby OTM PE (especially 8400 & 8500 PE) indicates that traders are still betting on moves below 8500 or so. PE front valuations are bit stretched at present means that they are bit overvalued. Mammoth additions can be seen in different CE strike prices from 8400 to 9000. 

Highest OI tag is with 8500 PE & 9000 CE.

Bank Nifty 

September Series (Weekly Expiry - Immediate)

Some liquidation in ITM PE strike prices gives sign of relief. Huge additions in 19000 & 19100 PE indicates base built-up at that level. If we talk about valuations then both side options are equally valued. 

Highest OI tag is with 19000 PE & 19500 CE.

September Series (Monthly Expiry)

Good additions can be seen in 18500 & 19000 PE. On CE front mammoth OI at 20000 level indicates it will be strong resistance throughout series.Right from 18500 to 20000 additions can be seen on both sides. 

Highest OI tag is with 19000 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.62
PE RATIO FOR BANK NIFTY STANDS AT 28.79

SEPTEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.09
BANK NIFTY PCR ON BASIS OF OI IS 0.95

FINAL CONCLUSION

Nifty & Bank Nifty
PCR is in favor of  Bears at present and we may see flashes till 8500 also in session or 2 but from that level PCR and changes in OI should be correlated with charts and then trading positions can be taken. 

Now Lets see Bank Nifty.
Bank Nifty is forming strong base at 19000 downside but at the same time 19500 is also acting as stiff resistance too. Further additions on both side of OC indicates position built-up and hence moves on basis of OC/OI is bit difficult at present. PCR is in neutral zone and but also if we correlate PCR and OI we can say that in next 2 sessions 19000 may act as strong support.

WE MAY EXIT IN NIFTY 8600 CE TODAY AND BOOK LOSS.

NIFTY

SUPPORT:- 8540-8535, 8515-8510 & 8495-8490

RESISTANCE:- 8610-8615, 8645-8650 & 8670-8675

BANK NIFTY

SUPPORT:- 19090-19080, 19015-19030 & 19000-18900

RESISTANCE:- 19240-19250, 19340-19350 & 19420-19435

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

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)

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. HE IS ALSO CERTIFIED AS RESEARCH ANALYST FROM SEBI. FURTHER HE HAS CLEARED INVESTMENT ADVISER LEVEL - 1 FROM NISM IN 2014.

NIFTY & BANK NIFTY VIEW FOR 26/08/2016

ONCE SIDED BLASTING MOVE BUT IT WAS ALMOST UNEXPECTED. WE HAVE ENTERED IN 8600 CE IN 2 LEGS WITH AVERAGE COST OF ABOUT 172/LOT. AT PRESENT WE HAVE GIVEN STOP LOSS OF 135 TO ALL OF YOU BUT WE ARE MONITORING CLOSELY OI AT 8500 PE. OI IN 8300 & 8400 PE IS HUGE COMPARATIVELY.

Nifty

September Series

Huge additions in nearby OTM PE indicates that traders are still betting on Nifty below 8500 or so. PE front valuations are bit stretched at present. Good additions can be seen in near by OTM CE too. 

Highest OI tag is with 8500 PE & 9000 CE.

Bank Nifty 

September Series (Weekly Expiry - Immediate)

Mammoth additions can be seen 19200 & 19300 PE. 19000 without doubt shall act as strong support. On CE Front  19400 & 19500 witnessed good additions. 

Highest OI tag is with 19000 PE & 19500 CE.

September Series (Monthly Expiry)

Good additions can be seen on both side of OC but importantly most of ITM PE & CE also undergone additions which is purely case of position built-up.

Highest OI tag is with 19000 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.62
PE RATIO FOR BANK NIFTY STANDS AT 28.79

SEPTEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.02
BANK NIFTY PCR ON BASIS OF OI IS 0.84

FINAL CONCLUSION

Nifty & Bank Nifty
Nifty PCR is at neutral zone indicates possibility of moves of both the sides. Additions in nearby OTM PE indicates possibility of some softness but still below 8500 below we do not see closing in consecutive 3 trading sessions.

Now Lets see Bank Nifty.
Bank Nifty is forming strong base at 19000 downside but at the same time 19500 is also acting as stiff resistance. 

TIME BEING TODAY WE SHALL KEEP ON HOLDING OUR 8600 CE AT LEAST FOR TODAY'S SESSION.

FURTHER SUPPORT AND RESISTANCE LEVELS SHALL ALSO BE SHARED VIA WHATSAPP BEFORE MARKET OPENS. 

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

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)

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. HE IS ALSO CERTIFIED AS RESEARCH ANALYST FROM SEBI. FURTHER HE HAS CLEARED INVESTMENT ADVISER LEVEL - 1 FROM NISM IN 2014.

NIFTY & BANK NIFTY VIEW FOR 25/08/2016

AGAIN CONSOLIDATION OR RANGEBOUND BUT VOLATILE DAY...!!!

VERY FEW OF YOU ARE HOLDING 8600 CE SEPTEMBER SERIES RIGHT FROM 1st ENTRY AS DUE TO CONTINUOUS FOLLOW UP AND UPDATE FROM BOTH ENDS MANY HAVE BOOKED 40-60 POINTS PER LOT TILL NOW.

ANYWAY LETS HAVE SOME DISCUSSION ON OPTION CHAIN CHANGES.

Nifty

August Series

Still 8400 PE is having highest OI but it should be noted that that strike price is far about 150 points from current levels. On upside 8700 & 8800 CE is having highest OI but still some how we feel that 8700 CE shall act as stiff resistance. 

Highest OI tag is with 8400 PE & 8800 CE.

(Shifting from 8500 to 8400 on PE Front) 

September Series

Mammoth additions can be seen on both side of OC but still additions on PE front indicates position built-up is taking place at present.(Repeat comment)

Highest OI tag is with 8500 PE & 9000 CE.

Bank Nifty 

August Series (Monthly Expiry)

19100 PE and below that till 18000 PE all PE strike prices undergone liquidation. But huge built-up at 19500 CE which may act as resistance. 

Highest OI tag is with 19000 PE & 19500 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.78
PE RATIO FOR BANK NIFTY STANDS AT 28.87

SEPTEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.09
BANK NIFTY PCR ON BASIS OF OI IS 0.98

FINAL CONCLUSION

Nifty & Bank Nifty
No need to consider August PCR as moves are range bound. Expiry below 8500 is very tough task for Bears. Upside above 8700 will be dream for Bulls. 

Now Lets see Bank Nifty.
19500 without doubt shall act as strong resistance in today's session. Downside below 19200 will again be dream for Bears (closing basis) 

FURTHER SUPPORT AND RESISTANCE LEVELS SHALL ALSO BE SHARED VIA WHATSAPP BEFORE MARKET OPENS. 

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

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)

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. HE IS ALSO CERTIFIED AS RESEARCH ANALYST FROM SEBI. FURTHER HE HAS CLEARED INVESTMENT ADVISER LEVEL - 1 FROM NISM IN 2014.

NIFTY & BANK NIFTY VIEW FOR 24/08/2016

YESTERDAY SOMEHOW 8600 WAS BROKEN IN INTRADAY FLASHES BUT THEN SUPPORT WAS TAKEN AT LOWER LEVELS IN RISING TRENDLINE (CHART ALREADY SHARED WITH YOU ALL) AND BULL MANAGED TO CLOSE NIFTY FLAT....!!!!

FURTHER TO ADD THAT LAST TRADING SESSION CANDLE IS KIND OF REVERSAL CANDLE ON DAILY CHARTS AND WE CAN EXPECT SOME REVERSAL BUT WE FEEL SOMEHOW 8800 WILL NOT BE CROSSED IN TODAY'S SESSION.

8500 PE STILL HOLDING STRONG BUT SOMEHOW DURING LAST TRADING SESSION 8400 PE GAINED HIGHEST OI TAG ON PE FRONT.

Nifty

August Series

Mammoth additions of about 1700k shares was one in last trading session in 8400 PE but we feel that is just to make traders confused about next move and somehow still 8500 PE shall act as strong support. PE front additions indicates some softness or volatile moves. During today's session we may see 8700 CE snatching away highest OI tag from 8800 CE.

Highest OI tag is with 8400 PE & 8800 CE.

(Shifting from 8500 to 8400 on PE Front) 

September Series

Mammoth additions can be seen on both side of OC but still additions on PE front indicates position built-up is taking place at present.

Highest OI tag is with 8500 PE & 9000 CE.

Bank Nifty 

August Series (Monthly Expiry)

Good volumes were seen in last trading session also with some additions in PE front but on CE front 19500-19600 additions indicates strong resistance. We may see some flashes above 19500 but closing basis it may act as strong resistance. 

Highest OI tag is with 19000 PE & 19500 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.73
PE RATIO FOR BANK NIFTY STANDS AT 28.85

AUGUST SERIES
NIFTY PCR ON BASIS OF OI IS 0.95
BANK NIFTY PCR ON BASIS OF OI IS 1.11

SEPTEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.11

BANK NIFTY PCR ON BASIS OF OI IS 1.05

FINAL CONCLUSION

Nifty & Bank Nifty
August PCR is in control and indicates some upside but September series PCR is very high and indicates some softness but we feel that some additions on CE front can be seen in today session and that may result into some softness in PCR value. At present we are holding 8600 CE timely update shall be given. 

Now Lets see Bank Nifty.
19500 without doubt shall act as strong resistance in today's session. 

FURTHER SUPPORT AND RESISTANCE LEVELS SHALL ALSO BE SHARED VIA WHATSAPP BEFORE MARKET OPENS. 

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

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)

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. HE IS ALSO CERTIFIED AS RESEARCH ANALYST FROM SEBI. FURTHER HE HAS CLEARED INVESTMENT ADVISER LEVEL - 1 FROM NISM IN 2014.

NIFTY & BANK NIFTY VIEW FOR 23/08/2016

FEW FROM YOU BOOKED MORE THAN 25% PROFIT IN 8700 PE AND ALSO FEW FROM YOU HAVE APPRECIATED IMPORTANCE OF OPTIONS CHAIN IN TRADING DECISIONS.

AS DISCUSSED IN LAST POST AND ALSO TRIED TO EXPLAIN VIA SIMPLE CHART (2 TIMES) 8600 IS STRONG SUPPORT FOR SPOT NIFTY AND LOOKING AT MOMENTUM WE DO NOT SEE ANY MAJOR DOWNSIDE EXCEPT ANY DRAMATIC EVENT.

SPOT NIFTY BELOW 8500 IS VERY TOUGH TASK FOR BEARS. WE STILL SAY ONE AND SAME THING THAT WE DO NOT SEE NEW LIFE HIGH BEFORE OCTOBER EXPIRY ATLEAST. TILL THEN WE HAVE TO GO FOR SUCH SWING BASED MOVES ONLY.

Nifty

August Series

Except 3 strike prices all (including xx50 too) PE front strike prices from 8000 to 9300 PE undergone liquidation. Whereas on CE Front mammoth additions of more than 3000k can be seen only in 8600 to 8750 CE. Few from you have discussed about writing or buying but please note we do not see that part. We see only additions in OI. 

Highest OI tag is with 8500 PE & 8800 CE.

Bank Nifty 

August Series (Monthly Expiry)

Still difference between 18500 & 19000 PE is very high so at present we do not see Bank Nifty closing below 19000 for 2 sessions in row. Mammoth additions on CE till 19500 indicates strong resistance at that level. 

Highest OI tag is with 19000 PE & 19500 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.59
PE RATIO FOR BANK NIFTY STANDS AT 27.35

AUGUST SERIES
NIFTY PCR ON BASIS OF OI IS 0.90
BANK NIFTY PCR ON BASIS OF OI IS 1.11

FINAL CONCLUSION

Nifty & Bank Nifty
Though no much importance should be given to current series PCR still but looking at OC and correlating it with charts we feel that 8500 will be respected. Every dip is buying opportunity IF YOU ARE FUTURE TRADER THEN NO NEED TO WORRY ON PREMIUM EROSION. BUT YES IF YOU ARE OPTIONS TRADER BE CAUTIOUS PREMIUM FRONT.

Now Lets see Bank Nifty.
Last 2 trades in Bank Nifty have ended up by hitting SL. Further to add looking at option chain data and charts we feel some downside can be expected but that may be quick flash and at every dip buying may come in. 

FURTHER SUPPORT AND RESISTANCE LEVELS SHALL ALSO BE SHARED VIA WHATSAPP BEFORE MARKET OPENS. 

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

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)

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. HE IS ALSO CERTIFIED AS RESEARCH ANALYST FROM SEBI. FURTHER HE HAS CLEARED INVESTMENT ADVISER LEVEL - 1 FROM NISM IN 2014.

NIFTY & BANK NIFTY VIEW FOR 22/08/2016

CONSOLIDATED & RANGEBOUND MOVES RESULTING INTO PREMIUM EROSION ON BOTH SIDES OF OPTION CHAIN.

FURTHER TO ADD THAT DURING LAST TRADING SESSION 8500 PE REGAINED HIGHEST OI TAG (WHICH WE EXPECTED DURING TRADING HOURS)

AT PRESENT WE SEE SPOT NIFTY ON DAILY CHARTS AS UNDER:-

AS EXPLAINED BY HORIZONTAL LINE WE FEEL 8600 WILL BE STRONG SUPPORT IN COMING SESSION/SESSIONS.

ANYWAY LETS TRY TO UNDERSTAND/STUDY OPTIONS DATA.

Nifty

August Series

At present 8800 CE is having highest OI so that will without doubt act as strong resistance till Wednesday. Further to add strong additions in 8500 PE also indicates strong support at that level. 

Highest OI tag is with 8500 PE & 8800 CE.

(Shift from 8600 PE to 8500 PE)

Bank Nifty 

August Series (Monthly Expiry)

Liquidation in ITM CE and additions in nearby PE that some softness can be expected in session or two.

Highest OI tag is with 19000 PE & 19500 CE.
(Shift from 18500 PE to 19000 PE)

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.70
PE RATIO FOR BANK NIFTY STANDS AT 27.47

AUGUST SERIES
NIFTY PCR ON BASIS OF OI IS 1.03
BANK NIFTY PCR ON BASIS OF OI IS 1.32

FINAL CONCLUSION

Nifty & Bank Nifty
Quantum of change we have not discussed as due to rangebound moves in last few sessions. Today we may exit in our 8700 PE position.

Now Lets see Bank Nifty.
19500 CE without doubt shall act as resistance and due to high additions on PE front and 19000 PE holding highest OI tag some softness can be expected. 

FURTHER SUPPORT AND RESISTANCE LEVELS SHALL ALSO BE SHARED VIA WHATSAPP BEFORE MARKET OPENS. 

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

TECHNICAL ANALYSIS TRAINING

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ABOUT AUTHOR ~ MANUSH VADHER

WORKING AS SHAREKHAN SUB BROKER AND HOLDING MASTER DEGREE IN FINANCE HAVING EXPERIENCE OVER 10 YEARS IN CAPITAL MARKET.