Nifty Weekly Expiry Analysis

  • FII’s bought 23.3 K contract of Index Future worth 1822 cores 18.9 K Long contract were added by FII’s and 4.3 K  Short contracts were covered by FII’s. Net Open Interest increased  by 14.6 K contract, so rise in Nifty was used by FII’s to enter long and exit short in  Index futures.FII’s Long to Short Ratio at 1.42. How Your Mind Play during Whipsaw in Trading
  • As Discussed in Last Analysis We have seen effect of   time cycle we have rallied almost 300 points in 2 trading sessions, Now Bulls need to hold 11230-11240  which is a major support zone for a move back to 11376/11400. High made was 11352 now waiting for target of 11376/11449 till we can holding 11250-11270. Bearish below 11230 for a move back to 11156/11100.

  • Nifty March Future Open Interest Volume is at 1.80 core with addition of 11.1 Lakh with  increase in  cost of carry suggesting long position were closed today, NF Rollover cost @10868 closed above it,rallied 350 points
  • 11400 CE  is having Highest OI  at 22.7 Lakh, resistance at 11400 followed by 11500 .10800-11500 CE liquidated 5.8 Lakh in OI so bears  covered position in range of 11300-11400. FII bought 20.2 K CE and 17.3 K CE were shorted by them. Retail bought 18.3 K CE and 17.3 K CE were shorted by them.
  • 11000 PE OI@ 39.8 Lakhs having the highest OI strong support at 11200 followed by 11000 . 10500-11000 PE added 10.8 Lakh in OI so bulls added position in range 11000-11100 PE.FII bought 26.7 K PE and 43.5 K PE were shorted by them. Retail bought 57.2 K PE and 20.5 K PE were shorted  by them.
  • Total Future & Option trading volume at 13.14  Lakh core with total contract traded at 1.26 lakh , PCR @0.81

Buy above 11352 Tgt 11368,11390 and 11422 (Nifty Spot Levels)

Sell below 11310 Tgt 11290,11276 and 11250 (Nifty Spot Levels)

Upper End Of Expiry: 11432

Lower End of Expiry: 11250

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1 thought on “Nifty Weekly Expiry Analysis”

  1. Please help me to understand that Nifty has rise 300 points in 2 days, but still the pcr ratio is around 0.81 which shows that nifty is still not in over bought zone. How come?

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