Nifty Weekly Expiry Analysis

By | May 15, 2019

  • FII’s bought 4.8 K contract of Index Future worth 275 cores 1.6 K Long contract were liquidated by FII’s and 6.5 K Short contracts were liquidated by FII’s. Net Open Interest decreased  by 8.1 K contract, so fall in Nifty was used by FII’s to exit long and exit short in  Index futures.FII’s Long to Short Ratio at 1.35.  How Comfortable you are with your trading ?
  • As Discussed in Last Analysis  Today we have bounced from gann angle and for trend reversal to take place we need to see a close above 11300. Also we have important astro event lined up for next 2 days as discussed in below video. Bulls will get active above 11243 for a move towards 11295/11343/11400. Bears will get active below 11197 for a move back to 11100/11030/10930.Bulls got whipsawed and unable to close above trend reversal point of 11300 , Bears got active below 11197 waiting for lower target of 11100/11030/10930. Bulls will get active above 11230 for a move back to 11285/11343. Close above 11300 is important for trend to change from Sell on Rise to Buy on Dips.  THE MOST NEGLECTED TRADING DISCIPLINE

  • Nifty May Future Open Interest Volume is at 1.56 core with liquidation of 5.2 Lakh with  decrease in  cost of carry suggesting short position were closed today, NF Rollover cost @11742,closed below it.
  • Total Future & Option trading volume at 12.53 Lakh core with total contract traded at 1.44 lakh , PCR @0.91
  • 11500 CE  is having Highest OI  at 12 Lakh, resistance at 11400 followed by 11500 .11000-11800 CE added 4.5 Lakh in OI so bears added position in range of 11300-11500. FII sold 982 CE and 12.7 K CE were shorted by them. Retail bought 150 K CE and 69.5 K shorted CE were covered by them.
  • 11000 PE OI@26.2 Lakhs having the highest OI strong support at 11100 followed by 11000 . 11000-11600 PE added 0.27  Lakh in OI so bulls added small position in range 11200-11300 .FII bought 1.5 K PE and 7.6 K PE were shorted by them. Retail sold 51 K PE and 37.5  K shorted PE were covered by them.

Buy above 11200 Tgt 11225,11245 and 11280 (Nifty Spot Levels)

Sell below 11137  Tgt 11110,11066 and 11030 (Nifty Spot Levels)

Upper End of Expiry: 11324.3

Lower End of Expiry :10989.63

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