Nifty Weekly Expiry Levels

  • FII bought 3.7  K contract of Index Future worth 292 cores, Net OI has decreased by 2 K contract, 887 Long contract were added by FII and 2.8 K  short were covered by FII. Net FII Long Short ratio at 1.29, So FII used rise to enter longs and exit  shorts.
  • As discussed in last analysis   Nifty has broken the low of Mercury Ingress and did our 1 target of 12151 and  now we are waiting for target of 12080.Bulls will get active above 12250 for a move back to 12290/12351.It was an Inside day with low volume on Nifty. Plan reamains the same,Nifty has broken the low of Mercury Ingress and did our 1 target of 12151 and  now we are waiting for target of 12080.Bulls will get active above 12250 for a move back to 12290/12351

  • Total Future & Option trading volume at 11.24 Lakh core with total contract traded at 0.54 lakh , PCR @0.88
  • Nifty Jan Future Open Interest Volume is at 1.20 Lakh core with liquidation of 2.4 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @12302 closed below it.
  • 12300 CE is having Highest OI at 36 Lakh, resistance at 12300 followed by 12400 .11800-12300 CE added 21 Lakh in OI so bears added position in range of 12300-12400.FII sold 391 CE and 995 CE were shorted by them. Retailers bought 94 K CE and 57 K CE were shorted by them.
  • 12100 PE OI@26 Lakhs having the highest OI strong support at 12100 followed by 12000 . 12000-12400 PE liquidated 14 Lakh in OI so bulls covered position in range 12000-12100.FII bought 3.9 K PE and 1 K shorted PE were covered by them. Retailers bought 51  K PE and 35 K PE were shorted by them.
  • FII’s sold 58 cores and DII’s bought 208 cores in cash segment.INR closed at 71.41

Buy Above 12190 Tgt 12210,12225 and 12250 (Nifty Spot Levels)

Sell Below 12155 Tgt 12133,12110 and 12085 (Nifty Spot Levels)

Upper End of Expiry : 12256

Lower End of Expiry : 12108

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