Nifty Weekly Expiry Analysis

By | June 20, 2019

  • FII’s bought 2.5 K contract of Index Future worth 353 cores 1.7 K Long contract were added by FII’s and 793  Short contracts were added by FII’s. Net Open Interest increased  by 976  contract, so fall in Nifty was used by FII’s to enter long and exit short in  Index futures.FII’s Long to Short Ratio at 1.48 How Comfortable you are with your trading ?
  • As Discussed in Last Analysis Bulls will get active above 11727 for a move towards 11803/11857. Bears will get active below 11640 for a move back to 11587/11533.
  • High made was 11802.5 so bulls did the 1 target of 11802,broke the 11640 but bounced back immediately we have seen increase in volatility in last 2 session suggesting trending move round the corner,Bulls will get active above 11727 for a move towards 11803/11857. Bears will get active below 11640 for a move back to 11587/11533.

  • Nifty June Future Open Interest Volume is at 1.78 core with liquidation of 5.1 Lakh with  decrease in  cost of carry suggesting short position were closed today, NF Rollover cost @11954 closed above it.
  • Total Future & Option trading volume at 15.36 Lakh core with total contract traded at 1.70 lakh , PCR @0.91
  • 12000 CE  is having Highest OI  at 24.9 Lakh, resistance at 12000 followed by 12100 .11000-11800 CE added 8.5 Lakh in OI so bears added position in range of 11800-12000.FII bought 9.1 K CE long and 1.8 K CE were shorted by them. DII bought 23 K CE and 8.8 K CE were shorted by them.
  • 11600 PE OI@19.7 Lakhs having the highest OI strong support at 11600 followed by 11500 . 11000-11700 PE added  10 Lakh in OI so bulls added  position in range 11600-11500.FII bought 6.6 K PE long and 4.5 K PE were shorted by them. DII bought 16.9 K PE and 16.5 K PE were shorted by them.

Buy above 11727 Tgt 11754,11781 and 11803 (Nifty Spot Levels)

Sell below 11686 Tgt 11660,11641 and 11610  (Nifty Spot Levels)

Upper End of Expiry :11781

Lower End of Expiry :11601

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