Nifty Weekly Expiry Analysis

  • FII sold 8.7 K contract of Index Future worth 910 cores, Net OI has increased by 910 contract, 874 K Long contract were covered by FII and 1.6  K  short were covered by FII. Net FII Long Short ratio at 1.20, So FII used fall to exit longs and exit shorts.
  • As discussed in last analysis  Bulls need to hold 12285 for upmove to continue till 12351/12400.12351 is very important level as 4 cycle starting from 10637 is getting over. Bears will get active below 12260 for a move back to 12213/12157. Low made was 12278 so bulls still holding on to 12260, Bears will get active below 12260 for a move back to 12213/12157.Bulls need to move above 12389 for a move back to 12444/12500.

  • Total Future & Option trading volume at 8.74 Lakh core with total contract traded at 0.85 lakh , PCR @1.01
  • Nifty Jan Future Open Interest Volume is at 1.30  Lakh core with liquidation of 0.48 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @12302 closed above it.
  • 12400 CE is having Highest OI at 20 Lakh, resistance at 12400 followed by 12500 .11800-12300 CE added 2.4 Lakh in OI so bears added position in range of 12400-12500.FII sold 4.9 K CE and 1.5 K shorted CE were covered by them. Retailers sold 58  K CE and 42 K shorted CE were covered by them.
  • 12300 PE OI@26 Lakhs having the highest OI strong support at 12300 followed by 12200 . 12000-12400 PE liqudiated 11 Lakh in OI so bulls covered position in range 12100-12200.FII sold 20.7 K PE and 6 K PE were shorted by them. Retailers sold 69 K PE and 61 K shorted  PE were covered by them.
  • FII’s bought 270 cores and DII’s sold 648  cores in cash segment.INR closed at 70.94

Buy Above 12355  Tgt 12372,12400 and 12421 (Nifty Spot Levels)

Sell Below 12321 Tgt 12298,12268 and 12270 (Nifty Spot Levels)

Upper End of Expiry : 12434

Lower End of Expiry : 12252

Leave a Reply