Nifty Weekly Expiry Analysis

By | November 6, 2019

  • FII bought 2.1 K contract of Index Future worth 295 cores, Net OI has increased by 11.8  K contract, 7 K Long contract were added by FII and 4.8 K short were added by FII. Net FII Long Short ratio at 0.81, So FII used rise to enter longs and enter shorts.
  • As discussed in last analysis  Bulls need a close above 11948 for a move back to 12002/12057/12112. Bears need a close below 11890 for a move back to 11838/11784/11715. 10850 was low made and once above 11948 we did exactly 12002  and we have closed above 11948. Bulls need to hold 11940-11948 for rally to continue towards 12029/12080. Bears will get active below 11900 for a move back to 11850/11800.

  • Total Future & Option trading volume at 15.4 Lakh core with total contract traded at 1.38  lakh , PCR @0.91
  • Nifty Nov Future Open Interest Volume is at 1.57 Lakh core with addition of 6.4 Lakh with decrease in cost of carry suggesting long position were added today, NF Rollover cost @11814 closed above it. 
  • 12000 CE is having Highest OI at 25.7 Lakh, resistance at 12000 followed by 12100 .11200-11700 CE liquidated 23 Lakh in OI so bears covered position in range of 12000-12100. FII bought 8 K CE and 820 CE were shorted by them. Retailers sold 57.6 K CE and 21.9 K  shorted CE were covered by them.
  • 11800 PE OI@24 Lakhs having the highest OI strong support at 11900 followed by 11800 . 11500-12000 PE added 22 Lakh in OI so bulls added position in range 11800-11900.FII bought 10.5 K PE and 9.6 K PE were shorted by them. Retailers sold 57 K PE and 21.9 K shorted PE were covered by them.
  • FII’s bought 1011 cores and DII’s sold 1117 cores in cash segment.INR closed at 71.04

Buy Above 11989 Tgt 12013,12051 and 12077 (Nifty Spot Levels)

Sell Below 11938 Tgt 11921,11890 and 11866 (Nifty Spot Levels)

Upper End of Expiry : 12063

Lower End of Expiry : 11868

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