LAST WEEK WE HAD BOTH SIDE MOVES AND LUCKILY WE HAD ENCASHED BOTH SIDE MOVES. ALSO WE HAD GIVEN RESISTANCE LEVEL OF 8685-8690 (AFTER MARKET OPENED VIA WHATSAPP) AGAINST WHICH SPOT NIFTY MADE HIGH OF 8684...!!!
ANYWAY LETS TRY TO UNDERSTAND/STUDY OPTIONS DATA.
Nifty
August Series
More than 2200k shares were liquidated in different strike prices from 8600 to 9200 CE (not considered xx50 strike prices) Also highest OI tag CE 9000 undergone liquidation. Below 8500 PE some liquidation can be seen , but 8500 to 8650 PE about 1500k shares were added.
Highest OI tag is with 8500 PE & 9000 CE.
Bank Nifty
18th August 2016 Option chain (Weekly Expiry)
Highest OI tag is with 18500 PE & 19500 CE.
18th August 2016 Option chain (Weekly Expiry)
Due to 1st trading session huge built-up was seen. 18500 PE undergone additions of more than 125k shares which resulted into highest OI PE WITH HUGE DIFFERENCE. Good additions can be seen at 19500 CE mark but it is short of about 25k shares for gaining highest OI from 19000 CE.
Highest OI tag is with 18500 PE & 19000 CE.
Highest OI tag is with 18500 PE & 19000 CE.
August Series (Monthly Expiry)
18000 & 18500 PE are giving tough fight to each other for gaining highest OI tag. (Repeat comment) But additions in 18500 & liquidations in 18000 PE resulted into 18500 PE Highest OI. About 100k shares were liquidated in different strike prices from 18500 to 19000 CE whereas on PE front one sided additions of about 210k shares from 18300 to 19000 PE leads to some doubt over more upside on closing basis. Highest OI tag is with 18500 PE & 19500 CE.
NOW LETS SEE SOME IMPORTANT NIFTY RATIO
PE RATIO FOR BANK NIFTY STANDS AT 26.
AUGUST SERIES
NIFTY PCR ON BASIS OF OI IS 1.02
BANK NIFTY PCR ON BASIS OF OI IS 1.05
FINAL CONCLUSION
Nifty & Bank Nifty
CE front liquidation indicates that whatever accumulation was done is getting liquidated and with that PCR is also inching higher. Far OTM CE liquidation indicates some change of ownership with profit booking. At present we do not have any open position in Nifty but proper trading opportunity shall be shared via whatsapp.
Now Lets see Bank Nifty.
18500 PE on monthly contract gained highest OI mark but still closing above 19000 mark (spot/cash) is tough task for Bulls. Any good trading opportunity shall be shared via whatsapp.
CE front liquidation indicates that whatever accumulation was done is getting liquidated and with that PCR is also inching higher. Far OTM CE liquidation indicates some change of ownership with profit booking. At present we do not have any open position in Nifty but proper trading opportunity shall be shared via whatsapp.
Now Lets see Bank Nifty.
18500 PE on monthly contract gained highest OI mark but still closing above 19000 mark (spot/cash) is tough task for Bulls. Any good trading opportunity shall be shared via whatsapp.
FURTHER SUPPORT AND RESISTANCE LEVELS SHALL ALSO BE SHARED VIA WHATSAPP BEFORE MARKET OPENS.
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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
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