Nifty Weekly Expiry Analysis

By | August 21, 2019

  • FII sold 339 contract of Index Future worth 137 cores, Net OI has increased by 11.9 K contract, 5.8 K Long contract were added by FII and 6.1 K short were added by FII. Net FII Long Short ratio at 0.42, So FII used fall to enter  longs and enter shorts.
  • As Discussed in Last Analysis   Nifty Bulls will get active above 11030 for a move back to 11080/11146/11200. Bears will get active below 10985 for a move back to 10925/10885. Bulls got whipsawed bears did 1 target on downside. We are back to gann angle support@10870-10890 as shown in below chart, Bulls now need to move above 10958 for a move back to 11025/11063. Bears will get active below 10870 for a move back to 10824/10782. Very Important time cycle date tomorrow.

  • Total Future & Option trading volume at 13.16 Lakh core with total contract traded at 1.39 lakh , PCR @0.83
  • Nifty Aug Future Open Interest Volume is at 1.89 core with addition  of 5 Lakh with  increase in  cost of carry suggesting long position were added today, NF Rollover cost @11355 closed below it.
  • 11000 CE  is having Highest OI  at 33.2 Lakh, resistance at 11000 followed by 11100 .10800-11400 CE added 23.7 Lakh in OI so bears added position in range of 11000-11200. FII sold 4.8 K CE and 17.7 K CE were shorted by them,Retail bought 208 K CE and 90 K CE were shorted by them.
  • 10700  PE OI@19.3 Lakhs having the highest OI strong support at 10700 followed by 10800 . 10800-11400 PE liquidated 15.2 Lakh in OI so bulls covered position in range 10800-11100. FII bought 14.4 K PE and 5.9 K PE were shorted by them,Retail sold 61.7 K PE and 22.8 K shorted PE were covered by them.
  • FII’s  sold 770  cores and DII’s bought 353 cores in cash segment.INR closed at 71.55

Buy above 10958 Tgt 10999,11030 and 11063  (Nifty Spot Levels)

Sell below 10890 Tgt 10872,10850 and 10825  (Nifty Spot Levels)

Upper End of Expiry : 11064

Lower End of Expiry : 10869

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