Nifty Feb Expiry Analysis

  • FII bought 13.8 K contract of Index Future worth 1262 cores, Net OI has increased by 38 K contract,12.1 K Long contract were added by FII and 25.9 K shorts were added by FII. Net FII Long Short ratio at 0.40, So FII used fall to enter longs and enter shorts.
  • As discussed in last analysis  11720 is important GANN Number so if we hold this level we can see rally back to 11774/11820 after gap down, Unable to hold this fall can extend towards 11666/11612. Today Mercury is going in Inferior Conjunction very important day. Nifty has broken gann angle support suggesting fall can extend 11300 if we break 11600 on DAILY Closing basis. Bulls will get active above 11711 for a move back to 11777/11830. Bears are heading towards 11610/11570.

  • Total Future & Option trading volume at 19.06 Lakh core with total contract traded at 1.7 lakh , PCR @0.85
  • Nifty March Future Open Interest Volume is at 1.04 Lakh core with addition of 30 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @12149 closed below it.
  • 11800 CE is having Highest OI at 47  Lakh, resistance at 11750 followed by 11800 .11600-12100 CE added 40 Lakh in OI so bears added position in range of 11800-11900.FII bought 16.4 K CE contract and 8.1 K CE contract were added by them,Retailers Bought 47.9 K CE contract  and 15.4  K CE contract  were sold by them.
  • 11600 PE OI@32 Lakhs having the highest OI strong support at 11600 followed by 11500. 11600-12300 PE liquidated 25 Lakh in OI so bulls covered position in range 12000-11900.FII bought 18.1 K PE contract and 5.1 K CE contract were added by them,Retailers  Bought 3.9 K PE contract  and 15.4 K PE contract  were sold by them.
  • FII’s sold 3336 cores and DII’s bought 2785 cores in cash segment.INR closed at 71.90

Buy Above 11700 Tgt 11721,11743 and 11765 (Nifty Spot Levels)

Sell Below 11650 Tgt 11620,11580 and 11555  (Nifty Spot Levels)

Upper End of Expiry : 11790

Lower End of Expiry : 11566

Leave a Reply