Nifty Weekly Expiry Analysis

  • FII sold 9.2 K contract of Index Future worth 818 cores, Net OI has increased by 253 contract, 4.4 K  Long contract were liquidated by FII and 4.7 K short were added by FII. Net FII Long Short ratio at 0.59, So FII used rise to exit longs and enter shorts.
  • As discussed in last analysis   11958 done and waiting for higher target for 11975/12034/12080. Bears have there chance below 11850  for a move back to 11800/11740/11666. 12034 done,We have formed a Bearish ABCD Pattern with PRZ zone around 12051, so any long should keep SL of 11966 and book out around 12051. Fresh Long should be taken above 12060 for a move back to 12104. Bears will get active below 11950 for a move back to 11885/11821.

  • Total Future & Option trading volume at 12.18 Lakh core with total contract traded at 1.18  lakh , PCR @0.95
  • Nifty Nov Future Open Interest Volume is at 1.49 Lakh core with liquidation of6.6 Lakh with decrease in cost of carry suggesting long  position were closed today, NF Rollover cost @11814 closed above it.

 

  • 12000 CE is having Highest OI at 25 Lakh, resistance at 12000 followed by 12100 .11500-12000 CE added 10 Lakh in OI so bears added position in range of 12000-12200. FII bought 2 K CE and 2.2 K  shorted CE were covered  by them. Retailers bought 24.8 K CE and 7 K  CE were shorted by them.
  • 11900 PE OI@30  Lakhs having the highest OI strong support at 11900 followed by 11800 . 11500-12000 PE added 15  Lakh in OI so bulls added position in range 11900-11850.FII bought 10.1 K PE and 13.4 K  PE  were shorted by them.Retailers bought 58 K PE and 32 K  PE were shorted by them.
  • FII’s bought 566 cores and DII’s bought 183 cores in cash segment.INR closed at 71.88

Buy Above 12010 Tgt 12034,12073 and 12100 (Nifty Spot Levels)

Sell Below 11962 Tgt 11943,11920 and 11900 (Nifty Spot Levels)

Upper End of Expiry : 12094

Lower End of Expiry : 11903

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