Nifty Weekly Expiry Analysis

  • FII sold 8.6 K contract of Index Future worth 736 cores, Net OI has increased by 3.4 K contract, 2.5 K Long contract were covered by FII and 6 K short were added by FII. Net FII Long Short ratio at 0.90, So FII used rise to exit longs and enter shorts.
  • As discussed in last analysis   We have close below 12000 today now bears are waiting for the target of 11921/11850.Bulls have there chance only above 12074 for a move back to 12130/12167/12225. Bears were unable to do target of 11921 as low made was 11935  as we bounced from gann angle support. Now Bulls need to move above 12074  for rally to continue towards 12154/12210. Bears will get active below 11993 for a move back to 11938/11883

  • Total Future & Option trading volume at 18 Lakh core with total contract traded at 1.34 lakh , PCR @0.95
  • Nifty Dec Future Open Interest Volume is at 1.36 Lakh core with liquidation of 0.05  Lakh with increase in cost of carry suggesting short  position were closed today, NF Rollover cost @12132 closed below it.

 

  • 12100 CE is having Highest OI at 35 Lakh, resistance at 12100 followed by 12200 .11800-12300 CE liquidated 12 Lakh in OI so bears covered  position in range of 12000-12200. FII bought 6.3 K CE and 5.6 K CE were shorted  by them.Retailers sold 80 K CE and 43 K shorted CE were  covered by them.
  • 12000 PE OI@20 Lakhs having the highest OI strong support at 12000 followed by 11900 . 11800-12200 PE added 16.6 Lakh in OI so bulls added position in range 12000-12100.FII sold 6.7 K PE and 5.6 K PE were shorted by them. Retailers bought 145 K PE and 79 K  PE were shorted by them.
  • FII’s sold 781 cores and DII’s bought 904 cores in cash segment.INR closed at 71.82

Buy Above 12055 Tgt 12080,12100 and 12130 (Nifty Spot Levels)

Sell Below 12020 Tgt 12000,11970 and 11950 (Nifty Spot Levels)

Upper End of Expiry : 12127

Lower End of Expiry : 11959

Leave a Reply