NIFTY & BANK NIFTY VIEW FOR 03/11/2016

AS EXPECTED SPOT NIFTY TOOK SUPPORT NEAR TO 100 DEMA AND ALSO NEAR TO HIGHEST PE OI.

NOW AGAIN BULLS MANAGED TO LIFT NIFTY FROM 8500 LEVELS BUT AGAIN NEXT 2-3 SESSIONS ARE CRUCIAL AND WE FEEL THAT IF 8500 IS BROKEN ON CLOSING BASIS THEN BEAR MAY PUSH NIFTY TILL 8200 LEVELS EASILY.

NOW LETS TRY TO LOOK OPTIONS DATA.

Nifty

November Series

About 1000k shares were added on net net basis from 8000 to 8400 PE but at the same time same quantum of shares were liquidated in different strike prices from 8500 to 8800 PE. 

On CE front from 8500 to 9000 CE about 2000k shares were added in different strike prices.

Highest OI tag is with 8500 PE & 9000 CE.

Nifty Bank

November Series (Weekly Expiry)

As expected 19000 level acted as strong support and 19500 PE did its job in last trading session. Now again today being expiry of this series 19500 CE shall act as resistance. 

Highest OI tag is with 19000 PE & 19500 CE.

November Series (Monthly Expiry)

More or less monthly contract is also showing same picture at present which is in line with today's weekly expiry OC.

Highest OI tag is with 19000 PE & 19500 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.01
PE RATIO FOR NIFTY BANK STANDS AT 29.84

NOVEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 0.94
NIFTY BANK PCR ON BASIS OF OI IS 1.50

FINAL CONCLUSION

Nifty & Nifty Bank
ITM liquidations at start of series and additions in nearby OTM PE strike prices depicts different story altogether. Now Nifty Bank is clearly in favor of Bears. Once must trade with strict stop loss on either side of trade. 

NIFTY (INTRADAY BASIS)

Nifty Last Close 8514
Support - 8475-8470 & 8405-8400
Resistance - 8560-8565, 8610-8620, 8680-8670 & 8710-8720

NIFTY BANK (INTRADAY BASIS) 

Nifty Last Close 19229
Support -  19130-19120 & 19020-19000
Resistance -  19315-19300, 19420-19400, 19580-19570, 19660-19675, 19760-19750, 19840-19850 & 19960-19970

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

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 02/11/2016

NEW SERIES HAS JUST STARTED AND IN LAST 2 TRADING SESSIONS GOOD MANIPULATIONS GOING ON BY BIG HEADS IN NIFTY & NIFTY BANK ON PREMIUM/DISCOUNT FRONT.

NOW LETS TRY TO LOOK OPTIONS DATA.

Nifty

November Series

Good additions can be seen on both side of Options chain. But as we are near to immediate support at 8500 (which is being held by Bulls in last few sudden downside falls) Good additions can be seen in nearby strike options. On higher side also again irrespective of any market moves 9000 is going to act as strong resistance and same is also reflected by additions during last trading session. 

Highest OI tag is with 8500 PE & 9000 CE.

Nifty Bank

November Series (Weekly Expiry)

19600 CE is having highest OI so that shall be acting as strong resistance for today's session. On lower front 19500-19000 PE are in tough fight for highest OI tag but as psychological level 19000 shall play crucial role. 

Highest OI tag is with 19500 PE & 19600 CE.

November Series (Monthly Expiry)

Being monthly series highest OI placed at 20000 CE & 19000 PE so that shall act as wall of support and resistance respectively. (Repeat para)

Highest OI tag is with 19000 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.31
PE RATIO FOR NIFTY BANK STANDS AT 30.19

NOVEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 0.98
NIFTY BANK PCR ON BASIS OF OI IS 1.41

FINAL CONCLUSION

Nifty & Nifty Bank
Nifty Bank is going to play vital role as we have weekly expiry tomorrow. Now if we go with OI on weekly basis as well as monthly then 19000 shall act as crucial support. If downside continues then again 8500 for spot Nifty shall be acting as strong support with 100 DEMA (already explained) 

NIFTY (INTRADAY BASIS)

Nifty Last Close 8625
Support - 8560-8565, 8520-8510, 8475-8470 & 8405-8400
Resistance - 8680-8670, 8710-8720, 8765-8770 & 8810-8820

NIFTY BANK (INTRADAY BASIS) 

Nifty Last Close 19458
Support - 19420-19400, 19315-19300, 19225-19210 & 19130-19120
Resistance -  19580-19570, 19660-19675, 19760-19750, 19840-19850 & 19960-19970

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

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 01/11/2016

WISHING ALL OUR READERS VERY HAPPY AND PROSPEROUS NEW YEAR.

BEFORE WE DISCUSS FURTHER LETS TRY TO ANALYSE NIFTY & NIFTY BANK CHART.

Above is Nifty daily chart and we can see that 8500 on structure base and also on basis of 100 DEMA is strong support. 

Above is Nifty Bank daily chart and we can see that 18800-18900 zone shall be acting as strong support (as per trend/structure and 100 DEMA) Overall if we see momentum then we can see that in comparison to Nifty; Nifty Bank is stronger.

NOW LETS TRY TO LOOK OPTIONS DATA.

Nifty

November Series

8500 PE is standing with highest OI so that shall act as strong support. ON CE front though 9000 CE is having highest OI 8700-8800 CE shall play its role. 

Highest OI tag is with 8500 PE & 9000 CE.

Nifty Bank

November Series (Weekly Expiry)

19000 & 19500 PE is having good OI so again flashes near to 19000 cannot be ruled out. Coincidently 19500 CE is also having highest OI so that shall lead to confusion and volatility. (Repeat paragraph) 

Highest OI tag is with 19000 PE & 20000 CE.

November Series (Monthly Expiry)

Being monthly series highest OI placed at 20000 CE & 19000 PE so that shall act as wall of support and resistance respectively. 

Highest OI tag is with 19000 PE & 20000 CE.

NOW LETS SEE SOME IMPORTANT NIFTY RATIO

PE RATIO FOR NIFTY STANDS AT 23.31
PE RATIO FOR NIFTY BANK STANDS AT 30.30

NOVEMBER SERIES
NIFTY PCR ON BASIS OF OI IS 1.02
NIFTY BANK PCR ON BASIS OF OI IS 1.14

FINAL CONCLUSION

Nifty & Nifty Bank
As discussed earlier strong support can be found at 8500 & 18800-18900 but it should be noted that now we are inching closer towards big event of US Elections. We feel that now one should either be hedged or stay away from naked option buying trades.


NIFTY (INTRADAY BASIS)

Nifty Last Close 8625
Support - 8560-8565, 8520-8510, 8475-8470 & 8405-8400
Resistance - 8680-8670, 8710-8720, 8765-8770 & 8810-8820

NIFTY BANK (INTRADAY BASIS) 

Nifty Last Close 19524
Support - 19420-19400, 19315-19300, 19225-19210 & 19130-19120
Resistance -  19580-19570, 19660-19675, 19760-19750, 19840-19850 & 19960-19970

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

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.