Nifty Feb Expiry Analysis

By | February 27, 2019

  • FII’s bought 5 K contract of Index Future worth 456 cores 9.4 K Long contract were covered by FII’s and 4.3 K  Short contracts were added by FII’s. Net Open Interest increased  by 13.7 K contract, so fall in Nifty was used by FII’s to enter long and enter short in  Index futures.FII’s Long to Short Ratio at 0.92. When You fail as a trader
  • As Discussed in Last Analysis  Bears will become active below 10800 for a move back to 10721/10666. Bulls will rally above 10890 for a move towards 10933/10985/11035. Levels mentioned on Twitter worked fine today both on upside and downside.As we have expiry tomorrow Bulls will rally above 10821 for a move back to 10877/10931. Bears will get active below 10720 for a move back to 10666/10610.

  • Nifty March Future Open Interest Volume is at 1.06 core with addition of 25 Lakh with  increase in  cost of carry suggesting long position were added today, NF Rollover cost @10727 closed above it.
  • 11000 CE  is having Highest OI  at 49 Lakh, resistance at 10900 followed by 11000 .10400-11000 CE added 13  lakh in OI so bears  added position in range of 10800-10900. FII bought 4.3 K CE and 1.4 K CE were shorted by them. Retail bought 73.2  K CE and 38.2 K CE were shorted by them.
  • 10800 PE OI@ 20 Lakhs having the highest OI strong support at 10700 followed by 10650 . 10500-11000 PE liquidated 19  Lakh in OI so bulls covered position in range 10700-10600 PE. FII bought 29.5 K PE and 22.8 K PE were shorted by them. Retail sold 7.7 K PE and 8.2 K PE were shorted  by them.
  • Total Future & Option trading volume at 14.77  Lakh core with total contract traded at 2.2 lakh , PCR @1.10

Buy above 10821 Tgt 10850,10877 and 10900 (Nifty Spot Levels)

Sell below 10800 Tgt 10785,10750 and 10721 (Nifty Spot Levels)

Upper End of Expiry:10915

Lower End of Expiry:10697

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