Nifty Weekly Expiry Analysis

  • FII bought 7 K contract of Index Future worth 667 cores, Net OI has increased by 271 contract, 3.6  K Long contract were added by FII and 3.3 short were added by FII. Net FII Long Short ratio at 1.06, So FII used rise to enter longs and enter  shorts.
  • As discussed in last analysis  Now we are near our important number 12167 closed just below it. Bulls need a close above 12180 for a move towards 12235/12290. Bears have there chance below 12125 for a move back to 12070/12025. 12235 done now waiting for target of 12290/12321. Bears have there chance below 12180 for a move back to 12125/12070/12025.

  • Total Future & Option trading volume at 13.3  Lakh core with total contract traded at 0.93  lakh , PCR @0.94
  • Nifty Dec Future Open Interest Volume is at 1.33 Lakh core with liquidation of 2.1 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @12132 closed above it.
  • 12200 CE is having Highest OI at 12.8 Lakh, resistance at 12200 followed by 12300 .11800-12300 CE liquidated 10 Lakh in OI so bears covered position in range of 12100-12200. FII bought 3.7 K CE and 805 CE were shorted by them. Retailers sold 17 K CE and 2  K shorted CE were covered by them.
  • 12000 PE OI@22 Lakhs having the highest OI strong support at 12000 followed by 11900 . 11800-12200 PE added 29  Lakh in OI so bulls added position in range 11900-12000.FII sold 10.7 K PE and 4.2 K PE were shorted by them. Retailers bought 104 K PE and 64  K PE were shorted by them.
  • FII’s bought 1836 cores and DII’s sold 1267 cores in cash segment.INR closed at 71.16

Buy Above 12240 Tgt 12262,12281 and 12312 (Nifty Spot Levels)

Sell Below 12199 Tgt 12177,12155 and 12133 (Nifty Spot Levels)

Upper End of Expiry : 12303

Lower End of Expiry : 12146

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