Nifty July Expiry Analysis

By | July 30, 2014

FII_1

  • FII’s bought 16225 contract of Index Future worth 638 cores, 33.3  K Long contract were added  and 16.9 K short contracts were added by FII’s. Net Open Interest increased   by 50.2 K contract.FII’s have net 89 K contract of Shorts open and 85.8 K Contract of Long open in current series. If we removed last 3  days of shorts added by FII, we are left with 48K contract which were majorly added 01 July to 10 July when Nifty traded in range of 7677-7809, so 7677 below these shorts will become  profitable so FII’s will try to push index below 7677 to exit the trades in profit, unable to do so we can expire above 7800 so next 2 days we can see a 150+ move in market.
  • Nifty made low of 7707 before bouncing back furiously and close near 7791, Bounce was on back of low volumes and will not be surprised nifty retracing the whole up move tomorrow. 34 HEMA @ 7773 needs to be closely watched tomorrow.  Russia and US are getting involved in a bitter sanction war so financial markets can react violently.

Nifty Hourly EW

 

nifty hourly

  • Nifty Future Aug Open Interest Volume is at 0.99 cores with addition of 37 lakh suggesting long addition.
  • Total Future & Option trading volume was   at 3.42  lakh core with total contract traded at 3.17  lakh. PCR @0.95
  • 7800 CE  OI at 57.2  lakh  suggesting wall of resistance , 7850 CE saw 3.6 lakh expiry should be below 7850   ,FII’s bought 21.4 K CE longs and 6.5 K  CE were  shorted  by   them.
  • 7700 PE OI@ 68.6 lakhs suggest bulls want to protect 7700 , 77500 PE added 9.8 lakhs so fight for 7750 will be seen tomorrow .FII’s bought 11.8 K PE longs and  13.6 K  PE were shorted by them.
  • FIIs sold 382  cores in Equity and DII bought 515 cores in cash segment.INR closed at 60.05.

 

Buy above 7800 Tgt 7824,7857 and 7915 (Nifty Spot Levels)

Sell below 7760 Tgt 7733, 7700 and 7675 (Nifty Spot Levels)

Upper End of Expiry:7846

Lower End of Expiry:7733

 

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