Nifty Jan Expiry Range

By | January 31, 2019

  • FII’s sold 23.3  K contract of Index Future worth 1667 cores 1.3 K Long contract were covered by FII’s and 21.9 K Short contracts were added  by FII’s. Net Open Interest increased  by 20.5 K contract, so fall in Nifty was used by FII’s to exit long and enter short in  Index futures.FII’s Long to Short Ratio at 0.85.Historical Nifty Movement on Budget Day
  • As Discussed in Last Analysis   Today being an important date high and low are important as explained in video below Bulls will get active only above 10690 for a move back to 10730/10777/10821. Fresh shorts below 10570 for a move towards 10512/10450. Low made was 10612 so bulls were able to protect 10585 but failed to close above 10690. Bulls will get active only above 10690 for a move back to 10730/10777/10821. Fresh shorts below 10570 for a move towards 10512/10450.

  • Nifty Feb Future Open Interest Volume is at 1.26 core with addition of 27.4 Lakh with  decrease in  cost of carry suggesting long position were added today, NF Rollover cost @10788 closed below it.
  • 10800 CE  is having Highest OI  at41.1  Lakh, resistance at 10800 followed by 10900 .10400-11000 CE liquidated 5.8 lakh in OI so bears  covered position in range of 10700-10900. FII bought 6.6 K CE and 10.8 K CE were shorted by them. Retail sold 31.1 K CE and 26.3 K shorted CE were covered by them.
  • 10600 PE OI@ 25 Lakhs having the highest OI strong support at 10600 followed by 10500 . 10500-11000 PE liquidated 15 Lakh in OI so bulls covered position in range 10600-10700 PE. FII sold 1.3 K PE and 8.4 K Shorted  PE were covered by them. Retail bought 51.7 K PE and 28.3 K PE were shorted by them.
  • Total Future & Option trading volume at 11.19  Lakh core with total contract traded at 1.73  lakh , PCR @0.91

Buy above 10666 Tgt 10690,10710  and 10730(Nifty Spot Levels)

Sell below 10610 Tgt 10585,10570 and 10550 (Nifty Spot Levels)

 Upper End of Expiry:10750

Lower End of Expiry:10551

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