Nifty Weekly Expiry Analysis

By | July 31, 2019
  • As Discussed in Last Analysis   Range of 11025-11054 is important zone of support, Unable to hold the same fall could extend towards 10947/10898/10846. Bulls will get active above 11106 for a move back to 11159/11230. Nifty has bounced from 11008 demand zone as shown in below chart and now we should hold 11080-11090 range for rally to continue till 11230/11300. Bears will get active below 11070 for a move towards 11000/9951. 02 Aug is important time cycle date, Effect should be seen tomorrow.

  • Total Future & Option trading volume at 15.25  Lakh core with total contract traded at 1.82 lakh , PCR @0.89
  • 11500 CE  is having Highest OI  at 19.8 Lakh, resistance at 11400 followed by 11500 .11000-11400 CE added 5.4 Lakh in OI so bears added position in range of 11300-11500.
  • 11000 PE OI@33.4Lakhs having the highest OI strong support at 11000 followed by 10900 . 11000-11400 PE added 3.6 Lakh in OI so bulls covered position in range 11000-11100.
  • Nifty Aug Future Open Interest Volume is at 1.76 core with addition  of 3.1 Lakh with  decrease in  cost of carry suggesting short position were closed today, NF Rollover cost @11355 closed below it.
  • FII’s  sold 1497 cores and DII’s bought 2479 ores in cash segment.INR closed at 68.78

Buy above 11146 Tgt 11175,11200 and 11233 (Nifty Spot Levels)

Sell below 11085 Tgt 11055,11030 and 11000 (Nifty Spot Levels)

Upper End of Expiry :11197

Lower End of Expiry: 11038

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2 thoughts on “Nifty Weekly Expiry Analysis

  1. Ajay

    Can we get the FII purchase sales break-up like Index Futures, Index Options and Stock futures purchase sales?

    It helps to give direction what FII are doing.

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