Nifty Weekly Expiry Analysis

By | October 9, 2019

  • Nifty Bulls now need to move above 11321 for a move towards 11376,Range of 11392-11400 is important supply zone,Bulls will need a close above 11410 for bigger run towards 11476/11525/11600. Bears will get active below 11230 for a move back to 11176/11100. We have bounced from gann angle as shown below suggesting we are heading towards 11600 range till we hold to 11230 levels.
  • FII sold 4 K contract of Index Future worth 166 cores, Net OI has decreased by 12 K contract, 8.3 K Long contract were liquidated by FII and 4.3 K short were covered by FII. Net FII Long Short ratio at 0.46, So FII used fall to exit longs and exit shorts.

  • Total Future & Option trading volume at 15.5  Lakh core with total contract traded at 1.78 lakh , PCR @0.84
  • Nifty Oct Future Open Interest Volume is at 1.45 core with liquidation of 9.7  Lakh with decrease in  cost of carry suggesting short position were closed today, NF Rollover cost @11608 closed below it. 
  • 11500 CE is having Highest OI at 24  Lakh, resistance at 11500 followed by 11600 .11200-11700 CE liquidated 14.1 Lakh in OI so bears covered  position in range of 11500-11600.FII bought 13.5 K CE and 2.1 K CE were shorted by them, Retailers sold 119 K CE and 80 K CE were shorted by them.
  • 11000 PE OI@27 Lakhs having the highest OI strong support at 11200 followed by 11000 . 11000-11700 PE added 4.3 Lakh in OI so bulls added position in range 11200-11300.FII bought 8.9  K PE and 18.9 K PE were shorted by them, Retailers bought 236 K PE and 140 K PE were shorted by them.
  • FII’s  sold 485 cores and DII’s bought 956 cores in cash segment.INR closed at 71.10

Buy Above 11321 Tgt 11343,11376 and 11400 (Nifty Spot Levels)

Sell Below 11280 Tgt 11250,11225 and 11200 (Nifty Spot Levels)

Upper End of Expiry : 11414

Lower End of Expiry: 11211

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