Nifty Weekly Expiry Analysis

  • FII bought 6.2 K contract of Index Future worth 417 cores, Net OI has decreased by 661 contract, 2.8 K Long contract were added by FII and 3.4 K shorts were covered by FII. Net FII Long Short ratio at 0.90, So FII used to enter longs and exit shorts.
  •  As discussed in last analysis  Nifty opened with a gap down and we saw the effect of Sun Ingress, with nifty seeing a fall of 280 points. Bulls need to move above 9050 for a move back to 9110/9180/9250.Bears need a close below 8900 for a move back to 8843/8777/8700. 9180 done above 9050. Now bulls need to 9232 for a move back to 9280/9328. Bears need a close below 9110 for a move back to 9060/9000/8960.

  • Total Future & Option trading volume at 11.2 Lakh core with total contract traded at 2.5 lakh , PCR @0.89
  • Nifty April Future Open Interest Volume is at 0.94 Lakh core with addition of 1.5 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @8093 closed above it.
  • 9300 CE is having Highest OI at 11 Lakh, resistance at 9300 followed by 9400.8800-9200 CE added 23 Lakh in OI so bears added position in range of 9200-9300.FII bought 3.9 K CE and 1.9 K CE were shorted by them. Retailers sold 28 K CE and 4.6 K  CE were shorted by them.
  • 9000 PE OI@11 Lakhs having the highest OI strong support at 9000 followed by 8900. 8700-9000 PE added 19 Lakh in OI so bulls added position in range 8600 -8800 .FII sold 2.9 K PE and 7.8 K PE were shorted by them. Retailers sold 98 K PE and 60 K PE were shorted by them.
  • FII’s sold 1326 cores and DII’s bought 863  cores in cash segment.INR closed at 76.54

Buy Above 9210 Tgt 9250,9280 and 9343(Nifty Spot Levels)

Sell Below 9145 Tgt 9114,9078 and 9020(opens in a ne (Nifty Spot Levels)

Upper End of Expiry :9393

Lower End of Expiry :8981

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