Nifty Analysis for 22 May

  • FII sell 9.1 K contract of Index Future worth 471 cores, Net OI has increased by 3.3 K contract, 1.7 K Long contract were added by FII and 10.8  shorts were added by FII. Net FII Long Short ratio at 0.82, So FII used rise to enter longs and enter shorts.
  •  As discussed in last analysis  As we have weekly expiry tommrow Bulls need to move above 9100 for a move towards 9160/9207. Bears need a close below 9000 for a move back to 8920/8860.9160 done Now Bulls need to move above 9120 for a move back to 9170/9225. Bears will get active below 9082 for a move back to 9034/8987/8940.21 is important Astro Date.

  • Total Future & Option trading volume at 23.43 Lakh core with total contract traded at 2.4 lakh , PCR @0.84
  • Nifty May Future Open Interest Volume is at 0.74 Lakh core with liquidation of 2 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @9508 closed below it.
  • 9200 CE is having Highest OI at 4 Lakh, resistance at 9200 followed by 9200.9000-9300 CE added 19 Lakh in OI so bears added in range of 9100-9200.
  • 9000 PE OI@6.4 Lakhs having the highest OI strong support at 9000 followed by 8800. 8800-9000 PE added 4 Lakh in OI so bulls added position in range 9000 -8900.
  • FII’s sold 258 cores and DII’s bought 401 cores in cash segment.INR closed at 75.54

Buy Above 9120 Tgt 9145,9172 and 9200  (Nifty Spot Levels)

Sell Below 9082 Tgt 9060,9037 and 8987 (opens in a ne (Nifty Spot Levels)

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