Nifty August Series Expiry view

By | August 27, 2014

FII_1

  • FII’s bought 10.7  K contract of Index Future worth 437  cores, 31.6 K Long contract were added and 20.9 K short contracts  were addedby FII’s. Net Open Interest increased  by 52.5 contract , so FII are adding both long and short in index futures.
  • Nifty  has done nothing from past 6 trading session and closing in range of 7875-7936. Series of Dojis around new high suggesting market participants are confused on next move.Also we have rising wedge forming on daily chart and most of market participants looking to see 8000 on Index . Will market oblige ?

nifty daily

 

  • Nifty Future Aug Open Interest Volume is at 88.5 lakh with liquidation of 16  lakh suggesting long liquidation and 42 lakh got rollovered to September series.VIX being very low suggests bulls are still overconfident and every dip is getting bought into.
  • Total Future & Option trading volume was   at 2.83  lakh core with total contract traded at 2.2  lakh. PCR @1.02
  • 8000  CE  OI at 1.04 Core  suggesting wall of resistance , 7800 CE  liquidated 5.3 lakh  suggesting bears cutting down positions  . 7900 CE liquidated 6.7 lakh suggesting bulls are making support on 7900 . FII’s bought 7.8 K CE longs and 21.7 K  CE were shorted  by   them. FII are shorting 7900/7800 CE, so is this an indication of expiry below 7900 ?
  • 7900 PE OI@ 59.5 lakhs so strong base @ 7900 .FII’s bought 8.7  K contract  PE longs and 5.2 K shorted PE were covered  by them.
  • FII’s bought 290  cores in Equity and DII bought 237 cores in cash segment.INR closed at 60.43.FII’s have bought 3.3 K cores and DII’s

 

Buy above 7950 Tgt 7963,7980 and 8000 (Nifty Spot Levels)

Sell below 7933 Tgt 7919, 7902 and 7880 (Nifty Spot Levels)

 

Upper End of Expiry:7988

Lower End of Expiry:7879

 

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4 thoughts on “Nifty August Series Expiry view

  1. Pp

    most of market participants looking to see 8000 on Index . Will market oblige ?

    market does least expected??? what powerful hands wants?

  2. Manu Agrawal

    Sir, don’t you think that today’s closing is important as Nifty closed above 7917, which it was not able to do since one week?

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