Nifty June Expiry Analysis

By | June 27, 2019

  • FII’s sold 10.7 K contract of Index Future worth 839 cores 4.8  K Long contract were liquidated by FII’s and 5.8 K  Short contracts were added by FII’s. Net Open Interest increased  by 1 K contract, so rise in Nifty was used by FII’s to exit long and enter short in  Index futures.FII’s Long to Short Ratio at 1.14 How Comfortable you are with your trading ?
  • As Discussed in Last Analysis 24 June High and low are very important and we should see a good move in Nifty in next 2 days. Low made today was 11651 bulls once above 11710 rallied and did our 1 target of 11790 now waiting for 11848/11919. Bears will get active only below today close of 11651. Gann Time Cycle again helped us in capturing the bottom today.
  • 11848 done.Now Bulls need to close above 11871 for the upmove to continue towards 11910/11976/12040. Bears will get active below 11787 for a move back to 11721/11666.

  • Nifty July Future Open Interest Volume is at 1.16 core with addition  of 31.6 Lakh with  increase in  cost of carry suggesting long position were added today, NF Rollover cost @11954 closed above it.
  • Total Future & Option trading volume at 13.38 Lakh core with total contract traded at 1.47 lakh , PCR @0.95
  • 12000 CE  is having Highest OI  at 34.5 Lakh, resistance at 11950 followed by 12000 .11000-11800 CE liquidated 18 Lakh in OI so bears covered position in range of 11800-12000.FII sold 7.7 K CE long and 7.3 K shorted CE were covered by them. Retail sold 15.8 K CE and 19.3 K shorted CE were covered by them.
  • 11800 PE OI@33 Lakhs having the highest OI strong support at 11800 followed by 11750 . 11000-11700 PE added 19 Lakh in OI so bulls added position in range 11700-11800.FII sold 8.1 K PE long and 2.7 K shorted PE were covered by them. Retail bought 110 K PE and 80.7 K PE were shorted by them.

Buy above 11850 Tgt 11877,11896 and 11939 (Nifty Spot Levels)

Sell below 11821 Tgt 11800,11777 and 11740 (Nifty Spot Levels)

Upper End of Expiry : 11939

Lower End of Expiry : 11755

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2 thoughts on “Nifty June Expiry Analysis

  1. himehta

    sir,

    24 th low was 11670 , 25 th low 651 yet ralllied

    mistake due to ?
    regards
    h.mehta

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