Nifty March Expiry Analysis

  • FII bought 260  contract of Index Future worth 45 cores, Net OI has increased by 8.5 K contract, 4.3K Long contract were added by FII and 4.1 K shorts were added by FII. Net FII Long Short ratio at 1.12, So FII used fall to enter longs and enter shorts.
  •  As discussed in last analysis Todays High and low are important for next 300 points move in  nifty.Nifty bulls now need to move above 7921 for a move back to 8030/8100/8225. Bears will get active below 7744 for a move back to 7569/7480/7400. All Bullish target done above 7921 and we saw the power of Astro Date of Mercury Elongation Now bulls need to 8400 for a move back to 8464/8555/8610/8666 Bears will get active below 8200 for a move back to 8125/8076/8000.

  • Total Future & Option trading volume at 8.46 Lakh core with total contract traded at 2.5 lakh , PCR @0.60
  • Nifty April Future Open Interest Volume is at 73.5  Lakh core with addition of 12.6  Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @11769 closed below it.
  • 8600 CE is having Highest OI at 26  Lakh, resistance at 8600 followed by 8800 .8000-8800 CE added 25 Lakh in OI so bears added position in range of 8500-8800.FII bought 11.1  K CE and 4.8 K shorted CE were covered by them. Retailers sold 48 K CE and 34 K  shorted CE were covered  by them.
  • 7800 PE OI@25 Lakhs having the highest OI strong support at 7800 followed by 7700. 7400-8000 PE added 12 Lakh in OI so bulls added position in range 7700 -8000 .FII bought 10 K PE and 17.7 K PE were shorted by them. Retailers bought 124 K PE and 92 K PE were shorted by them.
  • FII’s sold 1893 cores and DII’s bought 737 cores in cash segment.INR closed at 76.25

Buy Above 8376 Tgt 8464,8555 and 8610 (Nifty Spot Levels)

Sell Below 8220 Tgt 8140,8076 and 8000 (Nifty Spot Levels)

Upper End of Expiry : 8655

Lower End of Expiry : 7979

Leave a Reply