How should traders play markets ahead of F&O expiry

By | October 30, 2013

FII_1

  • FIIs bought 6001 contracts of Index Future (bought 16994 long contract and 10993 shorts were entered ) worth 194 cores with net Open Interest increasing by 27987 contracts.So with rise shorts were also added by FII’s.
  • Nifty made a fresh 52 week high today at 6270 and Sensex closed above 21000,  has reached near to the highly crucial level of 6252,Still Unable to enter the uptrending channel and huge neagative divergence in leading indicator suggests caution at higher levels.

nifty daily

  • Nifty Future Oct Open Interest Volume is at 1.09 cores with liquidation of 18.7 lakhs in Open Interest,with fall in cost of carry, long  liquidation and short addition in market also 27 lakh got rollovered to November series.
  • Total Future & Option trading volume at 2.15 lakh with total contract traded at  2.4  lakh.PCR (Put to Call Ratio) at 1.
  • 6300 Nifty CE  is having highest OI at 58  lakhs with liquidation of 10.3 lakhs in OI most likely is the top end of October series. 6200 CE liquidated 7.2  suggesting panic is bear camp. FII’s bought 10.6 K in Call option and 44.3 K  written calls were covered. 6100-6300 CE liquidated 21.2 Lakh in OI.
  • 6100 PE added 5.8 lakh suggesting strong support at 6100, 6200 PE added 5.8 lakh with net OI at 46.5  lakh so Bulls are making ground for expiry above 6200 but we need to see a follow up move else this positions can be liquidated in panic. FII’s sold 15.8 K in Put option and 24.6K PE were written . 6100-6300 PE added 4.5 lakh in OI.
  • FIIs bought 1017 cores in Equity ,and DII sold 551 cores in cash segment.INR closed at 61.23.

 

Buy above 6273 Tgt  6294,6320 and 6339(Nifty Spot Levels)

Sell below 6248 Tgt 6224,6201 and 6176 (Nifty Spot Levels)

 Expiry Range comes at 6188-6315

Live Nifty A/D charts  Click on the Link

Traders who use Pivot and Camarilla can use the following 2 sites for Hourly values and EOD values

 http://camarillapivotpoints.blogspot.com/
http://niftystockpivot.blogspot.in/

 

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