DURING LAST TRADING SESSION SPOT NIFTY TOOK SUPPORT FROM 21 EMA AND AT END BULLS WERE ABLE TO CLOSE NIFTY NEAR TO PREVIOUS CLOSE. WE STILL SAY ONE AND SAME THING THAT THERE IS STRONG SUPPORT AT 8500 SPOT NIFTY AS PER OPTIONS DATA AND DAILY CHART.
IF WE TALK ABOUT NIFTY THEN STILL WE ARE IN NOT TRADE ZONE FOR SOME TIME.
ANYWAY LETS TRY TO UNDERSTAND/STUDY OPTIONS DATA.
Nifty
August Series
On PE front heavy additions can be seen in different strike prices from 8300 to 8600 (1081k shares). More than 1300k shares got liquidated in different strike prices 8900 to 9200 CE. Now looking at OI at 8800 & 9000 again dark clouds are hovering over bulls who are dreams for 9000 in this series.
Highest OI tag is with 8500 PE & 9000 CE.
Bank Nifty
11th August 2016 Option chain (Weekly Expiry)
11th August 2016 Option chain (Weekly Expiry)
Fresh built-up can be seen on both side of this options chain. Mammoth additions can be found at 18000 & 18500 PE but again OI at 19000 CE which shall again act as resistance.
Highest OI tag is with 18000 PE & 19500 CE.
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
Highest OI tag is with 18000 PE & 19000 CE.
August Series (Monthly Expiry)
Almost similar setup/changes can be at 18000 PE which is seen in weekly contract. 19500 CE is still having highest OI but things are not as good as it looks at present in this OC or those were in recent past. Highest OI tag is with 18000 PE & 19500 CE.
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
PE RATIO FOR BANK NIFTY STANDS AT 26.28
AUGUST SERIES
NIFTY PCR ON BASIS OF OI IS 0.78
BANK NIFTY PCR ON BASIS OF OI IS 1.01
FINAL CONCLUSION
Nifty & Bank Nifty
Lets first see Nifty.
As far as 8500 is not broken on closing basis we can expect flashes above 8700 but additions in 8300-8400 PE is again raising doubt over massive upside move. We may have to exit in 8500 CE today either at cost or at loss. Under no circumstance we shall average in that trade.
Now Lets see Bank Nifty.
Shifting of highest OI from 18500 to 18000 is reflecting forthcoming pain. At present we are no trade zone but soon we may enter trade in it. Shall be sharing chart today during trading hours.
Index based Open Position at Present (Confirmed with you all)
NIFTY trade is on basis of OC and chart. (8500 CE)
-----------------------------------------------------------
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.