LAST TRADING SESSION NIFTY MOVED AS PER OUR EXPECTATION BUT SOMEHOW EXIT MESSAGE WAS SEND DUE TO SOME LIMITATIONS FROM OUR END.
ANYWAY LETS TRY TO UNDERSTAND/STUDY OPTIONS DATA.
Nifty
August Series
Liquidations on PE front indicates traders booked profit during last trading session. But still additions on CE front depicts different story. 8800 CE additions indicates that it may act immediate hurdle.
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)
18500 PE is having highest OI with highest additions on PE front of 125k shares. CE front good OI can be seen at 19200 & 19500. Though only 2 sessions are left for this series expiry but no sign of liquidations gives some surprise.
Highest OI tag is with 18500 PE & 19500 CE.
Highest OI tag is with 18500 PE & 19500 CE.
August Series (Monthly Expiry)
Mammoth additions can be seen in 18500 PE which may act as immediate support. 19500 CE also standing with huge OI which again may act as strong resistance. Highest OI tag is with 18500 PE & 19500 CE.
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
PE RATIO FOR BANK NIFTY STANDS AT 26.79
AUGUST SERIES
NIFTY PCR ON BASIS OF OI IS 0.95
BANK NIFTY PCR ON BASIS OF OI IS 0.98
FINAL CONCLUSION
Nifty & Bank Nifty
Nifty closed in red mark with some liquidations in OTM PE. Now we feel that still some flashes on lower side cannot be ruled out. PCR is in comfort zone for initiating small buying bullish side trades. Further to add in last trading session we had said that 8650 is our expected level which was touched easily. More update on this shall be updated today via whatsapp.
Now Lets see Bank Nifty.
Though event was of Bank Nifty it closed flat. At present we are at equilibrium point with both side highest OI far 500 points. At present we are in no trade zone for Bank Nifty.
Nifty closed in red mark with some liquidations in OTM PE. Now we feel that still some flashes on lower side cannot be ruled out. PCR is in comfort zone for initiating small buying bullish side trades. Further to add in last trading session we had said that 8650 is our expected level which was touched easily. More update on this shall be updated today via whatsapp.
Now Lets see Bank Nifty.
Though event was of Bank Nifty it closed flat. At present we are at equilibrium point with both side highest OI far 500 points. At present we are in no trade zone for Bank Nifty.
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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.
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ABOUT AUTHOR ~ MANUSH VADHER
If intraday probable high and low can be given for nifty fut that wud be gr8
ReplyDeleteIf intraday probable high and low can be given for nifty fut that wud be gr8
ReplyDelete