Nifty Weekly Expiry Analysis

  • FII sold 2.8 K contract of Index Future worth 171 cores, Net OI has increased by 6.1 K contract, 1.6 K Long contract were added by FII and 4.4 K short were added by FII. Net FII Long Short ratio at 0.75, So FII used rise to enter longs and enter shorts.
  • As discussed in last analysis Bulls now need to move above 11946 for a move to continue towards 12000/12068/12110. Bears will get active below 11850 for a move back to 11777/11721.Bulls were unable to cross 11946 , High made was 11946.8 , below 11850 bears had upper hand and now waiting for target of 11777/11721. Bulls will get active above 11890 for a move back to 11946/12000. As per time cycle another good move should be seen tommrow.

  • Total Future & Option trading volume at 13.84 Lakh core with total contract traded at 1.13 lakh , PCR @0.85
  • Nifty Nov Future Open Interest Volume is at 1.55 Lakh core with addition of 2.6 Lakh with increase in cost of carry suggesting short  position were added today, NF Rollover cost @11814 closed above it.

 

  • 12000 CE is having Highest OI at 30 Lakh, resistance at 12000 followed by 12100 .11500-12000 CE added 20 Lakh in OI so bears added position in range of 12000-12200.FII sold 8.3 K CE and 3 K CE were shorted by them. Retailers bought 273 K CE and 145 K  CE were shorted by them.
  • 11800 PE OI@10 Lakhs having the highest OI strong support at 11800 followed by 11700 . 11500-12000 PE liquidated 23 Lakh in OI so bulls covered position in range 11800-11900.FII bought 6.1 K PE and 9.4 K PE shorted PE were covered   by them.. Retailers sold 86 K PE and 41 K shorted PE were covered   by them.
  • FII’s bought 584 cores and DII’s sold 890 cores in cash segment.INR closed at 72.15

Buy Above 11870 Tgt 11895,11920 and 11946 (Nifty Spot Levels)

Sell Below 11820 Tgt 11795,11777 and 11746 (Nifty Spot Levels)

Upper End of Expiry : 11943

Lower End of Expiry : 11740

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