Nifty Weekly Expiry Analysis

By | July 17, 2019

  • FII’s sold 4.8 contract of Index Future worth 385 cores 1.3 K Long contract were covered by FII’s and 3.4 K Short contracts were added by FII’s. Net Open Interest increased  by 2.1 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 0.95.
  • As Discussed in Last Analysis Till we are above 11625 bulls have upper hand can push towards 11721-11730 range where next major resistance lies. Bears will become active below 11609 again for a move towards 11531/11461. High made today was 11706 and low made was 11651 so we are protecting 11625. Nifty should see another big move in next 2 session. Till we are above 11625 bulls have upper hand can push towards 11721-11730 range where next major resistance lies. Bears will become active below 11625 again for a move towards 11570/11531/11461.

  • Nifty July Future Open Interest Volume is at 1.56 core with liquidation of 10.1 Lakh with  decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @11841 closed below it.
  • Total Future & Option trading volume at 8.74 Lakh core with total contract traded at 0.73 lakh , PCR @0.97
  • 12000 CE  is having Highest OI  at 32.3 Lakh, resistance at 11700 followed by 11800 .11500-12000 CE added 1.16 Lakh in OI so bears added position in range of 11700-12000. FII bought 23 K CE long and 1.8 K shorted CE were covered by them. Retail bought 31.8 K CE and 9.8 K CE were shorted by them.
  • 11500 PE OI@23 Lakhs having the highest OI strong support at 11500 followed by 11400 . 11000-11700 PE added 13Lakh in OI so bulls added position in range 11500-11600. FII bought 7.6 K PE long and 2 K PE were shorted by them. Retail bought 81.4 K PE and 52.9 K PE were shorted by them.

Buy above 11700 Tgt 11721,11743 and 11777 (Nifty Spot Levels)

Sell below 11651 Tgt 11626,11600 and 11570 (Nifty Spot Levels)

Upper End Expiry : 11759

Lower End of Expiry :11614

Follow on Twitter:https://twitter.com/brahmesh

Follow on Facebook https://www.facebook.com/Brameshs-Tech-14011718268586

Youtube Channel: https://www.youtube.com/channel/UCxTIpotKybyOQIDsS3eEqhQ

Leave a Reply