NIFTY & BANK NIFTY VIEW FOR 19/08/2016

LAST TRADING SESSION WE NOT ONLY ENCASHED ON BASIS OF LEVELS BUT ALSO ON BASIS OF OI AND OC STUDY....!!!!

19000 MARK WAS NOT GETTING CLEARED BY BULLS FOR BANK NIFTY BUT ONCE CLEARED IT GAVE HANDSOME MOVE TO SHOCK BEARS. BUT STILL NIFTY IS NOT ABLE TO CROSS OUR RESISTANCE LEVEL OF 8690.

ANYWAY LETS TRY TO UNDERSTAND/STUDY OPTIONS DATA.

Nifty

August Series

Mammoth additions which took place on CE front during Wednesday's session got liquidated in last trading session further 8600 PE gained highest OI mark. 8600 PE undergone huge additions of about 1072k shares in OI. 

Highest OI tag is with 8600 PE & 8800 CE.

(Shift from 8500 PE to 8600 PE)

Bank Nifty 

August Series (Monthly Expiry)

Additions of about 315k shares in 19400 & 19500 CE indicates sudden move in Bank Nifty has shocked Bears. Except that about 150k shares were liquidated in different strike prices from 18800 to 19300 CE. PE front mammoth additions can be seen in 19000 to 19500 PE which is about 760k shares. 

Highest OI tag is with 18500 PE & 19500 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.71
PE RATIO FOR BANK NIFTY STANDS AT 27.39

AUGUST SERIES
NIFTY PCR ON BASIS OF OI IS 1.03
BANK NIFTY PCR ON BASIS OF OI IS 1.23

FINAL CONCLUSION

Nifty & Bank Nifty
Additions on PE front and liquidation on CE front indicates some softness can be expected in day or 2. But please note that downside will be very much limited. We do not expect again Nifty to go below 8500. Also to add that PCR is just above neutral zone. We have taken risk of entering 8700 PE for which time to time update shall be given via whatsapp. 

Now Lets see Bank Nifty.
19500 CE without doubt shall act as resistance and due to high additions on PE front and high PCR we expect Bank Nifty to melt till 19100-19150 level in session or 2. 

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.