Nifty Weekly Expiry Analysis

  • FII bought 23.4 K contract of Index Future worth 1506 cores, Net OI has decreased by 10 K contract, 6.6 K Long contract were added by FII and 16.7 K shorts were covered by FII. Net FII Long Short ratio at 0.49, So FII used fall to enter longs and exit shorts.
  •  As discussed in last analysis  We have closed near a crucial price levels and we can see rise in nifty till we are holding 8230 levels. Bulls now need to move above 8370 for a move back to 8420/8490/8555. Bears will get active below 8230 for a move back to 8160/8100/8035/7900.We got the up move as per Neural Analysis once above 8370 we did 3 target on upside. Now bulls need to move above 8634 for move towards 8678/8727/8800. Bears will get active below 8510 for a move back to 8460/8410/8358. We should get big move in next 2 days.

  • Total Future & Option trading volume at 6.7 Lakh core with total contract traded at 2.9 lakh , PCR @0.74
  • Nifty April Future Open Interest Volume is at 99 Lakh core with liquidation of 3.1 Lakh with decrease in cost of carry suggesting short position were closed today, NF Rollover cost @8093 closed above it.
  • 8900 CE is having Highest OI at 36  Lakh, resistance at 8800 followed by 9000 .8400-9100 CE added 35 Lakh in OI so bears added position in range of 8700-9000.FII bought 6.9 K CE and 2.9 K shorted CE were covered by them. Retailers bought 18 K CE and 3.1 K  CE were shorted by them.
  • 8400 PE OI@16 Lakhs having the highest OI strong support at 8400 followed by 8300. 8400-8800 PE added 22 Lakh in OI so bulls added position in range 8400 -8600 .FII sold 4.5 K PE and 611 PE were shorted by them. Retailers bought 76 K PE and 58.4 K PE were shorted by them.
  • FII’s sold 3044 cores and DII’s bought 3576 cores in cash segment.INR closed at 75.87

Buy Above 8634 Tgt 8681,8727 and 8800 (Nifty Spot Levels)

Sell Below 8510 Tgt 8460,8410 and 8358 (Nifty Spot Levels)

Upper End of Expiry : 8888

Lower End of Expiry : 8308

1 thought on “Nifty Weekly Expiry Analysis”

Leave a Reply