Nifty Weekly Expiry Analysis

By | September 11, 2019

  • FII bought 2.1 K contract of Index Future worth 40 cores, Net OI has increased by 3.6  K contract, 7.5 K Long contract were added by FII and 7.5 K short were added by FII. Net FII Long Short ratio at 0.32, So FII used fall to enter longs and enter shorts.
  • As Discussed in Last Analysis  11001 done now bulls need to close above 11059 for a move back to 11111/11164. Bears will get active below 10950 for a move back to 10900/10850. High made was 11054, bulls need to close above 11059 for a move back to 11111/11164. Bears will get active below 10950 for a move back to 10900/10850. 

  • Total Future & Option trading volume at 10.75 Lakh core with total contract traded at 1.05 lakh , PCR @0.99
  • Nifty Sep Future Open Interest Volume is at 1.68 core with addition of 0.09 Lakh with decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @11050 closed above it.
  • 11200 CE is having Highest OI at 20 Lakh, resistance at 11100 followed by 11200 .10600-11200 CE added 2.8 Lakh in OI so bears added position in range of 11100-11200.FII bought 10.3 K CE Contract and 9.2 K CE were shorted by them, Retailers Bought 72.7 K CE and 30 K CE were shorted by them.
  • 10800 PE OI@28.6 Lakhs having the highest OI strong support at 10800 followed by 10700 . 10600-11200 PE added 19.5 Lakh in OI so bulls added position in range 10800-11100.FII bought 13.6 K PE contract and 3.1 K PE were shorted by them, Retailers bought 128 K PE and 85.9 K PE were shorted by them.
  • FII’s  sold 266 cores and DII’s bought 1132 cores in cash segment.INR closed at 71.8

Buy above 11055 Tgt 11077,11099 and 11122 (Nifty Spot Levels)

Sell below 11030 Tgt 11010,10990 and 10970 (Nifty Spot Levels)

Upper End of Expiry: 11125

Lower End of Expiry: 10946

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