Nifty Weekly Expiry Analysis

  • FII sold 125 contract of Index Future worth 164 cores, Net OI has increased by 15 K contract, 7.5 K Long contract were added by FII and 7.7 K short were added by FII. Net FII Long Short ratio at 0.59, So FII used fall to enter longs and enter shorts.
  • As Discussed in Last Analysis   Now Nifty Bulls need to close above 11500 for a move back to 11575/11610/11666. Bears will get active below 11449 for a move back to 11410/11370. IF todays low is held  we can rally back to 11600. Nifty bears got active below 11449 and did all target on downside and we have bounced from 200 DMA@11247. Nifty Bulls need to close above 11390 for a move back to 11444/11500/11570. Bears will get active below 11300 for a move back to 11240/11180.

  • Total Future & Option trading volume at18.54  Lakh core with total contract traded at 2.47 lakh , PCR @0.97
  • Nifty Oct Future Open Interest Volume is at 1.54 core with addition of 7.8 Lakh with increase in  cost of carry suggesting short position were added today, NF Rollover cost @11608 closed below it. 
  • 11700 CE is having Highest OI at 20Lakh, resistance at 11600 followed by 11700 .11200-11700 CE added 20 Lakh in OI so bears added position in range of 11600-11700. FII bought 15.4 K CE Long and 8.2 K CE were shorted by them. Retails bought 124 K CE and 82 K  CE were shorted by them. 
  • 11200 PE OI@20 Lakhs having the highest OI strong support at 11300 followed by 11200 . 11200-11700 PE added 1 Lakh in OI so bulls added position in range 11400-11600.FII bought 15.4 K PE Long and 8.2 K PE were shorted by them. Retails sold 34 K  PE and 16 K shorted PE were covered by them. 
  • FII’s  sold 1298 cores and DII’s bought 1503 cores in cash segment.INR closed at 71.33

Buy Above 11390 Tgt 11420,11450 and 11475 (Nifty Spot Levels)

Sell Below 11300 Tgt 11270,11230 and 11190 (Nifty Spot Levels)

Upper End of Expiry : 11457

Lower End of Expiry : 11258

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