Nifty Weekly Expiry Analysis

  • FII bought 12.9  K contract of Index Future worth 1144 cores, Net OI has decreased by 10 K contract,1.4 K Long contract were added by FII and 11.4 K  short were covered by FII. Net FII Long Short ratio at 0.30, So FII used rise to enter longs and exit shorts.
  • As discussed in last analysis Now Bulls need to move above 12135 for a move back to 12172/12216. Bears will get active below 12080 for a move back to 12020/11950. Low made was 12144 and bulls again did both target on upside. Now we have Weekly Expiry tomorrow Bank Nifty Bulls above 12240  can rally towards 12288/12323. Bears will get active below 12188 for a move back to 12144/12080.

  • Total Future & Option trading volume at 13 Lakh core with total contract traded at 1 lakh , PCR @0.98
  • Nifty Feb Future Open Interest Volume is at 1.32 Lakh core with liquidation of 3.2 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @12149 closed above it.
  • 12300 CE is having Highest OI at 25.1 Lakh, resistance at 12300 followed by 12400 .12000-12400 CE liquidated 25 Lakh in OI so bears covered position in range of 12000-12100.FII bought 6 K CE and 1.4 K shorted CE were covered by them. Retailers sold 21 K CE and 3.4 K shorted CE were covered by them.
  • 12200 PE OI@51 Lakhs having the highest OI strong support at 12200 followed by 12150. 12000-12300 PE added 40 Lakh in OI so bulls added position in range 12100-12200.FII bought 8.5 K PE and 9.6 K PE were shorted by them. Retailers bought  153 K PE and 96 K PE were shorted by them.
  • FII’s bought 48 cores and DII’s bought 329 cores in cash segment.INR closed at 71.41

Buy Above 12216 Tgt 12232,12266 and 12288 (Nifty Spot Levels)

Sell Below 12188 Tgt 12169,12148 and 12110 (Nifty Spot Levels)

Upper End of Expiry: 12288

Lower End of Expiry: 12115

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