Nifty Weekly Expiry Analysis

  • FII sold453 contract of Index Future worth 19 cores, Net OI has increased by 3.6 K contract, 1.5 K Long contract were added by FII and 2 K short were added by FII. Net FII Long Short ratio at 0.87, So FII used fall to enter longs and enter shorts.
  • As discussed in last analysis  High made was 11953 so bulls unable to break 11960 and bears once below 11881 did 11844 now waiting for 11801/11740 to come. Bulls have there chance only above 11910 for a move back to 11960/12000. Low made was 11832 so bears were unable to reach target of 11881. Bears will get active below 11881 for a move back to 11830/11775. Bulls will get active above 11941 for a move back to 11995/12050.

  • Total Future & Option trading volume at 13.3 Lakh core with total contract traded at 0.96 lakh , PCR @0.85
  • Nifty Dec Future Open Interest Volume is at 1.35 Lakh core with addition of 1.45 Lakh with decrease in cost of carry suggesting short  position were closed today, NF Rollover cost @12132 closed below it.

 

  • 12000 CE is having Highest OI at 29  Lakh, resistance at 12000 followed by 12100 .11800-12300 CE added 24 Lakh in OI so bears added position in range of 12000-12200.FII bought 6 K CE and 11 K CE were shorted by them. Retailers bought 91 K CE and 57  K  CE were shorted by them.
  • 11800 PE OI@13.6  Lakhs having the highest OI strong support at 11900 followed by 11800 . 11800-12200 PE liquidated 4.7 Lakh in OI so bulls covered position in range 11800-12000. FII bought 9.5 K PE and 648 PE were shorted by them. Retailers sold 14.4 K PE and 2 K  PE were shorted by them.
  • FII’s bought 605 cores and DII’s bought 239 cores in cash segment.INR closed at 70.96

Buy Above 11925 Tgt 11945,11968 and 11995 (Nifty Spot Levels)

Sell Below 11881 Tgt 11860,11840 and 11821 (Nifty Spot Levels)

Upper End of Expiry : 11992

Lower End of Expiry : 11828

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