Nifty Trade Setup for Weekly Expiry

  • FII bought 10.1  K contract of Index Future worth 994 cores, Net OI has decreased by 5.1 K contract,2.5 K Long contract were added by FII and 7.6 K  short were covered by FII. Net FII Long Short ratio at 0.29, So FII used rise to enter longs and exit shorts.
  • As discussed in last analysis   Till we are below 12022  Bears can move towards 11920/11861. Bulls will get active above 12046 for a move back to 12100/12169.Nifty Bulls were able to bounce from 12046 Low made was 12042 did 12100 on upside,Now Bulls need to move above 12170 for upmove towards 12222/12250. Bears will get active below 12088 for a move back to 12040/11990

  • Important intraday time for reversal can be at 9:45/11:43/12:49/2:11 How to Find and Trade Intraday Reversal Times
  • Total Future & Option trading volume at 17.39  Lakh core with total contract traded at 1.33 lakh , PCR @0.92
  • Nifty Feb Future Open Interest Volume is at 1.17 Lakh core with liquidation of 4.3 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @12149 closed below it.
  • 12200 CE is having Highest OI at 24.9  Lakh, resistance at 12150 followed by 12200 .12000-12400 CE liquidated 3.8 Lakh in OI so bears covered position in range of 12100-12300. FII sold 4.9 K CE and 2.8 K CE were shorted by them. Retailers sold 121 K CE and 44 K  shorted CE were covered by them.
  • 12100 PE OI@24.5Lakhs having the highest OI strong support at 12100 followed by 12050. 11000-12300 PE added 46.2 Lakh in OI so bulls added position in range 12000-11900.FII bought 4.9 K PE and 2.8 K PE were shorted by them. Retailers bought 168 K PE and 115 K PE were shorted by them.
  • FII’s sold 190 cores and DII’s bought 590 cores in cash segment.INR closed at 71.58

Buy Above 12135 Tgt 12169,12193 and 12222 (Nifty Spot Levels)

Sell Below 12113 Tgt 12090,12067 and 12041 (Nifty Spot Levels)

Upper End of Expiry: 12219

Lower End of Expiry : 12041

2 thoughts on “Nifty Trade Setup for Weekly Expiry”

  1. As you predicted nifty closed below 12113 and reached your target. Can I take a stoploss of 5 points and trade or more. thanks.

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