Nifty Weekly Expiry Range

  • FII sold 8.9 K contract of Index Future worth 927 cores, Net OI has increased by 16.74 K contract, 4.3K  Long contract were added by FII and 13.2 K  short were added by FII. Net FII Long Short ratio at 0.92, So FII used fall to enter  longs and enter  shorts.
  • As discussed in last analysis  Nifty bears were able to close below 12205 now waiting for downside target of 12152/12097/12042. Bulls will get active only above 12265 for a move back to 12318/12365. High made was 12225 so bulls unable to break 12265 in gap up and once below 12205 did our 2 target of 12097. Now Bears need to break 12080 for down move to continue towards 12042/11988. Bulls will get active above 12160 for a move back to 12225/12275. Tomorrow is important Astro Date

  • Total Future & Option trading volume at 18.2  Lakh core with total contract traded at 1.13 lakh , PCR @0.87
  • Nifty Jan Future Open Interest Volume is at 1.28  Lakh core with liquidation of 1.3 Lakh with increase in cost of carry suggesting short position were closed today, NF Rollover cost @12302 closed above it.
  • 12200 CE is having Highest OI at 28 Lakh, resistance at 12200 followed by 12250 .12000-12400 CE added 24 Lakh in OI so bears added position in range of 12200-12300.FII sold 3.9 K CE and 16.2 K CE were shorted by them. Retailers bought 111 K CE and 46  K  CE were shorted by them
  • 12000 PE OI@15.2 Lakhs having the highest OI strong support at 12100 followed by 12000 . 12000-12400 PE liquidated 12 Lakh in OI so bulls covered position in range 12000-12100.FII bought 18.9  K PE and 1.4 K shorted PE were covered by them. Retailers sold 27 K PE and 4.1 K shorted PE were covered by them.
  • FII’s sold 176 cores and DII’s sold 326 cores in cash segment.INR closed at 71.30

Buy Above 12140 Tgt 12156,12190 and 12222 (Nifty Spot Levels)

Sell Below 12080  Tgt 12055,12030 and 12002 (Nifty Spot Levels)

Upper End of Expiry : 12210

Lower End of Expiry : 12002

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