Nifty Weekly Expiry Analysis

By | October 16, 2019

  • As discussed in last analysis  We got the trending move as expected,Now Bulls need to move above 11448 for the up move to continue towards 11502/11555/11610.Bears will get active below 11395 for a move back to 11342/11290. Low made was 11411 so bulls protected 11395 we have formed a NR 7 is Nifty suggesting big move round the corner and also we have important time cycle date tomorrow, so good move will be seen in nifty in coming 2 sessions. Bulls need to hold 11410-111430 for the up move to continue towards 11522/11576/11610.Bears will get active below 11395 for a move back to 11342/11290.
  • FII bought 3.3 K contract of Index Future worth 407 cores, Net OI has decreased by 2.8 K contract, 498  Long contract were covered by FII and 3.8 K short were covered by FII. Net FII Long Short ratio at 0.68, So FII used fall to exit longs and exit shorts.

  • Total Future & Option trading volume at 12.07 Lakh core with total contract traded at 1.16 lakh , PCR @0.94
  • Nifty Oct Future Open Interest Volume is at 1.42 core with liquidation of 4.5 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @11608 closed below it. 
  • 11500 CE is having Highest OI at 21.3  Lakh, resistance at 11500 followed by 11600 .11200-11700 CE liquidated 3 Lakh in OI so bears covered position in range of 11500-11600.FII sold 4.2 K CE and 2.4 K CE were shorted by them, Retailers sold 89  K CE and 48 K CE were shorted by them.
  • 11000 PE OI@30 Lakhs having the highest OI strong support at 11200 followed by 11100 . 11000-11700 PE added 8.9 Lakh in OI so bulls added position in range 11300-11400.FII sold 6.4 K PE and 3.8  K PE were shorted by them, Retailers bought41 K PE and 17 K PE were shorted by them.
  • FII’s bought 686 cores and DII’s bought 1576 cores in cash segment.INR closed at 71.55

Buy Above 11481 Tgt 11500,11522 and 11562 (Nifty Spot Levels)

Sell Below 11430 Tgt 11410,11385  and 11355 (Nifty Spot Levels)

Upper End of Expiry :11562

Lower End of Expiry :11365

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