Nifty Weekly Expiry Analysis

By | July 10, 2019

  • FII’s bought 2.8 K contract of Index Future worth 140 cores 2.8 K Long contract were added by FII’s and 296   Short contracts were covered by FII’s. Net Open Interest increased  by 2.2 K 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 0.90  How Comfortable you are with your trading ?
  • As Discussed in Last Analysis Nifty formed a DOJI at gann angle support suggesting till we are holding today low. Also Neural Analysis suggests we can see a relief rally in the market towards 11731. Bulls will become active above 11568 for a move towards 11622/11676/11730. Bears will become active below 11512 for a move back to 11460/11410. Nifty bulls again got whipsawed but held on to gann angle. We have important time cycle date tomorrow and Weekly Expiry.Bulls will become active above 11520 for a move towards 11568/11610/11666. Bears will become active below 11460 for a move back to 11410/11350.

  • Nifty July Future Open Interest Volume is at 1.86 core with addition  of 0.04 Lakh with  decrease in  cost of carry suggesting long position were added today, NF Rollover cost @11841 closed below it.
  • Total Future & Option trading volume at 11.21 Lakh core with total contract traded at 1.67 lakh , PCR @0.83
  • 12000 CE  is having Highest OI  at 31.2 Lakh, resistance at 11800 followed by 12000 .11500-12000 CE added 12.5  Lakh in OI so bears added position in range of 11800-12000..FII bought 2.4 K CE long and 10.4 K CE were shorted by them. Retail bought 78.4 K CE and 36 K CE were shorted by them.
  • 11500 PE OI@17.2Lakhs having the highest OI strong support at 11500 followed by 11400 . 11000-11700 PE added 3.7Lakh in OI so bulls added position in range 11500-11400.FII bought 11 K PE long and 3.1 K shorted PE were covered by them. Retail sold 1.1  K PE and 23.6 K PE were shorted by them.

Buy above 11515 Tgt 11540,11568 and 11593 (Nifty Spot Levels)

Sell below 11460 Tgt 11433,11410 and 11376 (Nifty Spot Levels)

Upper End of Expiry: 11581

Lower End of Expiry: 11406

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