NIFTY & BANK NIFTY VIEW FOR 30/09/2016

LAST TRADING SESSION WAS NIGHTMARE FOR BULLS AND ONE OF WORST F&O EXPIRY DAY IN RECENT PAST.

WE SHALL BE SHARING CHART DURING TRADING SESSION TODAY.

LETS TRY TO UNDERSTAND CHANGES IN OI DATA.

Nifty

October Series

8700 PE was playing vital role as support from last couple of sessions but that got broken in last trading session infact highest OI tag shifted to 8600 PE with 8500 PE almost head on head to it. 

We feel that still over all OI quantum is less on PE front to form sound base/support zone. 

Highest OI tag is with 8600 PE & 9000 CE.

Bank Nifty 

October Series (Weekly Expiry)

Sudden fall in single session lead to panic to Bulls camp and that can be seen with net net additions made on both side of OC.

Highest OI tag is with 19500 PE & 20000 CE.

October Series (Monthly Expiry)

Almost similar story in monthly contract also. We need 2-3 sessions minimum to understand cues as per OC.

Highest OI tag is with 19500 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.51

PE RATIO FOR BANK NIFTY STANDS AT 28.80

OCTOBER SERIES
NIFTY PCR ON BASIS OF OI IS 0.99
BANK NIFTY PCR ON BASIS OF OI IS 1.15

FINAL CONCLUSION

Nifty & Bank Nifty
8500 PE must gain highest OI tag and that means some more downside cannot be ruled out from current levels. Closing below 8450 for Spot Nifty (if any) may change whole statistics but we do not see that case it present. 

Bears may drag Bank Nifty to 18600-18700 levels from current levels. 

NIFTY (INTRADAY BASIS)

Nifty Last Close 8591
Support - 8520-8510, 8475-8470 & 8405-8400
Resistance - 8650-8660, 8695-8700, 8735-8750 & 8810-8820

BANK NIFTY (INTRADAY BASIS) 

Nifty Last Close 19184
Support - 19070-19050, 18970-18950 & 18860-18840
Resistance - 19320-19300, 19480-19500 & 19680-19700

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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 29/09/2016

LAST TRADING SESSION WAS RANGEBOUND WITH SOME BULLISH BIAS. NOW AS TODAY WE HAVE EXPIRY SOME VOLATILE MOVES CAN BE EXPECTED.

LETS TRY TO UNDERSTAND CHANGES IN OI DATA.

Nifty

September Series

Mammoth additions at 8700 PE indicates that this levels may act as trend decider which is very much obvious due to multiple times support taken there. Further to add 8500-8600-8700 PE having almost similiar OI.

Highest OI tag is with 8700 PE & 9000 CE.

October Series

8700 PE is playing vital role as support from last couple of sessions so that is acting as string support. 

Highest OI tag is with 8700 PE & 9000 CE.

Bank Nifty 

September Series (Monthly Expiry)

19400 to 19700 PE undergone good additions so that may play vital role in today's expiry. CE front from only liquidations can be seen in deeps ITM & far OTM. 

Highest OI tag is with 19000 PE & 20000 CE.

October Series (Monthly Expiry)

Quick back from 19500 levels resulted into bounce yesterday. 

Highest OI tag is with 19500 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 29.51

SEPTEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.35
BANK NIFTY PCR ON BASIS OF OI IS 1.11

OCTOBER SERIES
NIFTY PCR ON BASIS OF OI IS 0.96
BANK NIFTY PCR ON BASIS OF OI IS 0.91

FINAL CONCLUSION

Nifty & Bank Nifty
19500 & 8700 are acting strong support as we have highest PE in those strike prices for next series. 

As discussed earlier good accumulation has taken place in near by PE strike prices so some dramatic moves can be expected on account of expiry today. 

NIFTY (INTRADAY BASIS)

Nifty Last Close 8745
Support - 8680-8700, 8630-8620 & 8530-8550 
Resistance - 8830-8825, 8845-8850, 8900-8905, 8990-9000 & 9045-9060

BANK NIFTY (INTRADAY BASIS) 

Nifty Last Close 19654
Support - 19550-19530, 19470-19440, 19320-19300 & 19220-19200
Resistance - 19780-19800, 19890-19910, 19960-19985, 20080-20100, 20180-20200 & 20290-20300

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

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 28/09/2016

LAST TRADING BEARS MANAGED TO PUSH BOTH INDICES DOWN BUT THEN BULLS MANAGED TO COVER LOSS AND THEN TOWARDS THE END BOTH INDICES CLOSED WITH MINOR RED MARK.

SPOT NIFTY ALREADY REACTED FROM ALMOST IMMEDIATE SMALL DEMAND ZONE OF 8675 (LOW OF 8690 WAS MADE) BUT PLEASE NOTE THAT ONCE THAT IS BROKEN NEXT IMMEDIATE DEMAND ZONE COMES IN GAP AREA NEAR TO 8620 (ALREADY EXPLAIN IN LAST POST)

LETS TRY TO UNDERSTAND CHANGES IN OI DATA.

Nifty

September Series

Mammoth liquidations can be seen in at 9000 CE mark but if we see valuations front then CE are bit overvalued than PE. But again overall if we see OI then some how we fell still downside is not yet over and we may see some 40-50 points downside for SPOT NIFTY from current levels. 

Highest OI tag is with 8500 PE & 9000 CE.

October Series

8700 PE played vital role as support in last trading session due to huge OI but now OI at 8600-8500 PE are also almost on the line with 8700 PE so to set base at lower levels we feel more downside can be seen. 

Highest OI tag is with 8700 PE & 9000 CE.

Bank Nifty 

September Series (Monthly Expiry)

19500 PE undergone huge liquidation and same is case of other nearby ITM PE. But strong base at 19000 PE and near by OTM PE depicts some different story. 20000 CE is having huge OI so that shall act as strong resistance.

Highest OI tag is with 19000 PE & 20000 CE.

October Series (Monthly Expiry)

As expected in last post flashes till 19500-19600 we expected and Bears managed to respect our view. Now further if we see OI at 19500, 19000 & 18500 PE then still more downside cannot be ruled out. 

Highest OI tag is with 19500 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.90

PE RATIO FOR BANK NIFTY STANDS AT 29.30

SEPTEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.19
BANK NIFTY PCR ON BASIS OF OI IS 0.92

OCTOBER SERIES
NIFTY PCR ON BASIS OF OI IS 0.99
BANK NIFTY PCR ON BASIS OF OI IS 0.92

FINAL CONCLUSION

Nifty & Bank Nifty
As discussed via chart and OC 8600-8620 may act as strong support. So any fall at that those levels should be considered as strong buying opportunity for NEXT SERIES. (REPEAT PARA)

During last trading session 8800 CE for sometime did gained highest OI but somehow it lost battle to 9000 CE.

LOOKING AT CHARTS AND REVERSAL WHICH TOOK PLACE YESTERDAY WE FEEL THAT BEARS ARE MORE POWERFUL THAN BULLS AT PRESENT.

For Bank Nifty 19100-19200 is again strong Support/Demand zone. Before this small Support/Demand zone is there at 19200-19260 level. (REPEAT PARA)

NIFTY (INTRADAY BASIS)

Nifty Last Close 8706
Support - 8680-8700, 8630-8620 & 8530-8550 
Resistance - 8750-8755, 8830-8825, 8845-8850, 8900-8905, 8990-9000 & 9045-9060

BANK NIFTY (INTRADAY BASIS) 

Nifty Last Close 19519
Support - 19470-19440, 19320-19300 & 19220-19200
Resistance - 19530-19550, 19780-19800, 19890-19910, 19960-19985, 20080-20100, 20180-20200 & 20290-20300

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

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 27/09/2016

NIFTY & BANK NIFTY MOVED COMPLETELY AS PER OUR EXPECTATION IN THE LAST TRADING SESSION...!!!

INFACT WE DID MANAGED TO TAKE ENTRY NEAR TO HIGHEST POINT ON THURSDAY BUT ONLY REGRET IS THAT WE EXITED BIT EARLY TODAY ONLY DUE TO SOME REVERSAL WAS EXPECTED FROM THAT LEVEL. ANYWAY WE DID MANAGED TO GAIN GOOD PROFIT ALSO TODAY. NOW LETS TRY TO STUDY NIFTY AS PER DEMAND AND SUPPLY ON HOURLY CHART.

Now we can see that immediate demand zone for Nifty on hourly charts 8675-8665 and then next demand zone come at 8602-8622 zone. Which is again nothing else but gap filling area which we have already discussed with you all in last trading session.

LETS TRY TO UNDERSTAND CHANGES IN OI DATA.

Nifty

September Series

Good quantum of liquidation can be seen in 8800 PE but still 8500 PE is holding strong and hence we can expecting still some downside in current series. Mammoth additions in 8750-8800 CE indicates Bulls frustration. 

Now we only 3 sessions are left for current series so except highest OI CE/PE rest of the OC may NOT REFLECT TRUE PICTURE. Anyway OI at 8600 & 8700 PE then it still indicates some downside left. 

Highest OI tag is with 8500 PE & 9000 CE.

October Series

Huge OI can be seen at 8700 PE but at the same time OI at 8600-8700 should not ignored. Now all these 3 OI needs to be correlated with over all OI built-up in last few sessions and with chart. (Repeat para)

Highest OI tag is with 8700 PE & 9000 CE.

Bank Nifty 

September Series (Monthly Expiry)

Mammoth OI at 19000 PE indicates strong base but Bulls have managed smartly highest OI tag on CE front throughout this series. (Repeat para)

Now if talk about 19000 & 19500 PE OI then moves below 19500 spot cannot be ruled out. Infact OC depicts that flashes till 19100-19200.

Highest OI tag is with 19000 PE & 20000 CE.

October Series (Monthly Expiry)

Good built-up can be seen at 19500-20000 levels but some how we feel that flashes till 19500-19600 cannot be ruled out before September expiry on account of OI built-up to be made at lower strike prices in this series. (Repeat para) AND THIS DONE TODAY. 

CE front some built-up can be seen at 20000-20500 levels. 

Highest OI tag is with 19500 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.94

PE RATIO FOR BANK NIFTY STANDS AT 29.41

SEPTEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.18
BANK NIFTY PCR ON BASIS OF OI IS 0.98

OCTOBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.06
BANK NIFTY PCR ON BASIS OF OI IS 0.96

FINAL CONCLUSION

Nifty & Bank Nifty
As discussed via chart and OC 8600-8620 may act as strong support. So any fall at that those levels should be considered as strong buying opportunity for NEXT SERIES.

For Bank Nifty 19100-19200 is again strong Support/Demand zone. Before this small Support/Demand zone is there at 19200-19260 level. 

NIFTY (INTRADAY BASIS)

Nifty Last Close 8723
Support - 8680-8700, 8630-8620 & 8530-8550 
Resistance - 8750-8755, 8830-8825, 8845-8850, 8900-8905, 8990-9000 & 9045-9060

BANK NIFTY (INTRADAY BASIS) 

Nifty Last Close 19603
Support - 19550-19530, 19470-19440, 19320-19300 & 19220-19200
Resistance - 19780-19800, 19890-19910, 19960-19985, 20080-20100, 20180-20200 & 20290-20300

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

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 26/09/2016

LAST TRADING SESSION WAS RANGE-BOUND EXCEPT LAST ONE HOUR.

LETS TRY TO UNDERSTAND CHANGES IN OI DATA.

Nifty

September Series

Now we are entering into expiry week so except highest OI CE/PE rest of the OC may NOT REFLECT TRUE PICTURE. Anyway OI at 8700 & 8800 PE then it still indicates some downside left. 

Highest OI tag is with 8500 PE & 9000 CE.

October Series

Huge OI can be seen at 8700 PE but at the same time OI at 8600-8700 should not ignored. Now all these 3 OI needs to be correlated with over all OI built-up in last few sessions and with chart. 

Highest OI tag is with 8700 PE & 9000 CE.

Bank Nifty 

September Series (Monthly Expiry)

Mammoth OI at 19000 PE indicates strong base but Bulls have managed smartly highest OI tag on CE front throughout this series. (Repeat para)

Now if additions on both front then huge OI on CE front at 20000-20200-20500 indicates STRONG resistance at those levels. Whereas on PE front huge OI at 19000 & 19500 have made boundary line. 

Highest OI tag is with 19000 PE & 20500 CE.

October Series (Monthly Expiry)

Good built-up can be seen at 19500-20000 levels but some how we feel that flashes till 19500-19600 cannot be ruled out before September expiry on account of OI built-up to be made at lower strike prices in this series. 

CE front some built-up can be seen at 20000-20500 levels. 


Highest OI tag is with 19500 PE & 20500 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 24.24

PE RATIO FOR BANK NIFTY STANDS AT 29.88

SEPTEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.33
BANK NIFTY PCR ON BASIS OF OI IS 1.11

OCTOBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.07
BANK NIFTY PCR ON BASIS OF OI IS 1.01

FINAL CONCLUSION

Nifty & Bank Nifty
As we are discussing from last few posts that PCR in this series may not help bear to bring Indices down but it should be noted that We have strong support at 8780-8790 levels on closing basis Spot Nifty.

If we talk about Bank Nifty then it has already closed near to strong support zone. Still 19700 may act as strong support on closing basis. 

Shall be sharing chart for both indices after market opens. 

NIFTY (INTRADAY BASIS)

Nifty Last Close 8831 
Support - 8825-8820, 8755-8750 & 8700-8690 
Resistance - 8845-8850, 8900-8905, 8990-9000 & 9045-9060

BANK NIFTY (INTRADAY BASIS) 

Nifty Last Close 19901
Support - 19800-19780, 19620-19600, 19550-19530
Resistance - 19960-19985, 20080-20100, 20180-20200 & 20290-20300

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

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 23/09/2016

BULLS CONQUERED 8800 & 20000 MARK IN LAST TRADING SESSION...!!!

WE HAVE ALREADY SHARED NIFTY & BANK NIFTY CHART IN LAST 2 SESSIONS.

LETS TRY TO UNDERSTAND CHANGES IN OI DATA.

Nifty

September Series

Mammoth liquidation can be seen in different strike prices right from 8000 to 8900 on CE front. This has further resulted into high PCR but looking at chart setup we do not feel nifty may break 8500 in current series except any major event. On PE front still 8500 PE has maintained its lead. PE front valuations are bit rich than CE front which is nothing else but biased mind set of traders. 

Highest OI tag is with 8500 PE & 9000 CE.

Bank Nifty 

September Series (Monthly Expiry)

Mammoth OI at 19000 PE indicates strong base but Bulls have managed smartly highest OI tag on CE front throughout this series. 

Highest OI tag is with 19000 PE & 20500 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 24.34

PE RATIO FOR BANK NIFTY STANDS AT 30.19

SEPTEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.34
BANK NIFTY PCR ON BASIS OF OI IS 1.32

FINAL CONCLUSION

Nifty & Bank Nifty
Closing above 8900 is still tough job for Bulls but further if we see OC data then mammoth liquidations indicates no major upside from current levels. Also on Bank Nifty front 20500 may be crossed easily. 


NIFTY

Nifty Last Close 8867
Support - 8845-8840, 8825-8820, 8755-8750 & 8700-8690 
Resistance - 8900-8905, 8990-9000 & 9045-9060

BANK NIFTY

Nifty Last Close 20109
Support - 20100-20080, 19960-19985, 19800-19780 & 19620-19600
Resistance - 20080-20100, 20180-20200 & 20290-20300

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

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 22/09/2016

ATLAST 2 MAJORS EVENTS ARE OVER AND NOW AGAIN NIFTY MAY DANCE ON TUNE ON ITS OWN.

DURING LAST TRADING SESSION WE HAD SHARED NIFTY CHART AND TRIED TO EXPLAIN VIA SIMPLEST POSSIBLE WAY.

LETS TRY TO UNDERSTAND CHANGES IN OI DATA.

Nifty

September Series

8500 PE regained highest OI tag from 8600 PE whereas on CE front 9000 CE regained highest OI tag so somehow Bulls & Bears are fighting for 8500 as support and 9000 as resistance.  (Repeat para) 

Additions in 8900 CE indicates some upside but crossing 8900 and closing above that will be tough job for Bulls. 

Highest OI tag is with 8500 PE & 9000 CE.

Bank Nifty 

September Series (Weekly Expiry)

Huge OI at 19000 PE can be interpreted as strong support. But 19500 PE OI is also very high in nature and that may act as strong support today. 

September Series (Monthly Expiry)
Mammoth OI at 19000 PE indicates strong base formation for this series but 19500 PE OI is also neck to neck. Flashes till 20200-20300 can be seen in 2 trading sessions. 

Highest OI tag is with 19000 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 24.11

PE RATIO FOR BANK NIFTY STANDS AT 29.77

SEPTEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.27
BANK NIFTY PCR ON BASIS OF OI IS 1.37

FINAL CONCLUSION

Nifty & Bank Nifty
As per global cues after last major event we can expect gap up but that needs to be studied closely after opening as we feel that 8860 will be crucial level for Spot Nifty to cross and sustain with closing basis. 

If we talk about Bank Nifty then 20220-20230 will be crucial levels to cross and close above that. 

NIFTY

Nifty Last Close 8877
Support - 8755-8750, 8700-8690, 8665-8655, 8600-8590 & 8535-8545
Resistance - 8820-8825, 8845-8845, 8900-8905, 8990-9000 & 9045-9060

BANK NIFTY

Nifty Last Close 19828
Support - 19800-19780, 19620-19600, 19500-19480, 19320-19300 & 19240-19220
Resistance - 19960-19985, 20080-20100, 20180-20200 & 20290-20300

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

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.