Nifty April Expiry Analysis

By | April 25, 2018

  • FII’s bought 1.8 K contract of Index Future worth 163 cores ,9.5 K Long contract were added by FII’s and 7.7 K Short contracts were added by FII’s. Net Open Interest increased  by 17.2 K contract, so fall in market was used by FII’s to enter long and enter short in  Index futures.  FII’s Long to Short Ratio at 0.69 .Trading Resolution for Financial Year 2018-19

 

  • As Discussed in Last Analysis   Finally we close above 10610 and heading towards 10666/10730. Bearish below 10555 for a move back to 10500/10430. Nifty bulls got whipsawed as price went below 10600 on long side and also on short side as price broke 10555 but failed to do our target of 10500. So last 2 days we have got whipsawed on both side, it genreally happen when 2 gann angle meets and it also set base for bigger move which is bound to come. Under these time most important thing a trader has to do is control urge to take trade and protect the trading capital. Range contraction is happening so best is to trade long above 10590 for a move towards 10638/10730. Bearish below 10514 for a move towards 10480/10400. Important intraday time for reversal can be at 2:30. Bank Nifty April Expiry Analysis

 

  • Nifty April Future Open Interest Volume is at 1.66 core with liquidation of 45.1 Lakh with increase in  cost of carry suggesting short position were added today, NF Rollover cost @10156 closed above it.
  • Total Future & Option trading volume at 9.99 Lakh core with total contract traded at 1.59 lakh , PCR @0.99
  • 10700 CE  is having Highest OI  at 40.4 Lakh, resistance at 10600 followed by 10700 .10200-10700 CE added 3.9 lakh in OI so bears added position  in range of 10600 CE. FII sold 4.5 K CE and 7.5 K CE were shorted  by them. Retail bought 75 K CE and 42.7 K CE  were shorted by them.

 

  • 10500 PE [email protected] lakhs having the highest OI strong support at 10500 followed by 10400 . 10000-10500 PE liquidated 14.7 Lakh in OI so bulls covered position in 10400-10500 PE. FII bought 7.8 K PE and 5.4 K shorted PE were covered by them. Retail sold 35 K PE and 15.9 K PE were shorted  by them.

 

  • FII’s sold 304 cores  and DII’s bought 435 cores in cash segment.INR closed at 66.89

 

Buy above 10575 Tgt 10590,10610 and 10639 (Nifty Spot Levels)

Sell below 10555 Tgt 10533,10502 and 10470 (Nifty Spot Levels)

Upper End Expiry :10639

Lower End Expiry:10502

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