Nifty Weekly Expiry Analysis

By | September 4, 2019

  • FII bought 13.4 K contract of Index Future worth 1038 cores, Net OI has decreased by 24 K contract, 5.2 K Long contract were covered by FII and 18 K short were added by FII. Net FII Long Short ratio at 0.27, So FII used rise to exit longs and exit shorts.
  • As Discussed in Last Analysis  Bears will get active below 10749 for a move towards 10666/10610/10555. Bulls will get active above 10821 for a move towards 10866/10910/10999. Low made was 10746  so bears got whipsawed below 10749, Bulls got active above 10821 and made high of 10858 waiting for our target of 10902/10954/11007. Bears will get active below 10798 for a move back to 10746/10694/10642. Tomorrow is important time cycle date.

  • Total Future & Option trading volume at 15.02 Lakh core with total contract traded at 1.95  lakh , PCR @0.89
  • Nifty Sep Future Open Interest Volume is at 1.72 core with liquidation of 5.9 Lakh with decrease in  cost of carry suggesting short position were closed today, NF Rollover cost @11050 closed above it.
  • 11000 CE is having Highest OI at 18.6 Lakh, resistance at 11000 followed by 11100 .10600-11200 CE added 1.8 Lakh in OI so bears added position in range of 11000-11200.FII bought 23.8 K CE Contract and 13.5 K CE were shorted by them, Retailers sold 5.3 K CE and 16.4 K CE were shorted by them.
  • 10800 PE OI@29.5  Lakhs having the highest OI strong support at 10800 followed by 10700 . 10600-11200 PE added 2.65 Lakh in OI so bulls added position in range 10800-11100.FII sold 7.5 K PE contract and 17.9 K PE were shorted by them, Retailers bought 188 K PE and 98.2 K PE were shorted by them.
  • FII’s  sold 1738 cores and DII’s bought 1304 cores in cash segment.INR closed at 72.31

Buy above 10860 Tgt 10885,10920 and 10952 (Nifty Spot Levels)

Sell below 10810 Tgt 10790,10775 and 10746 (Nifty Spot Levels)

Upper End of Expiry : 10942

Lower End of Expiry : 10746

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