Nifty Weekly Expiry Analysis

  • FII bought 3.1 K contract of Index Future worth 216 cores, Net OI has increased by 3.3 K contract, 3.2 K Long contract were added by FII and 104  shorts were covered by FII. Net FII Long Short ratio at 0.96, So FII used rise to enter longs and enter shorts.
  •  As discussed in last analysis As per time cycle as discussed in below video nifty should see a trending move in next 2 days.Nifty bulls need to move 8921 for a move towards 8987/9030/9100. Bears will get active below 8840 for a move towards 8794/8747/8700.Astro cycle worked again and we got the big move as per our expectation  and bulls did 9100 above 8921. 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.

  • Total Future & Option trading volume at 10.8 Lakh core with total contract traded at 2.5 lakh , PCR @0.87
  • Nifty May Future Open Interest Volume is at 0.77 Lakh core with liquidation of 1.2 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @9508 closed below it.
  • 9150 CE is having Highest OI at 14 Lakh, resistance at 9150 followed by 9200.9000-9300 CE added 19 Lakh in OI so bears added in range of 9100-9200.FII sold 2.8 K CE and 4.2 K shorted  CE were covered by them. Retailers sold 33 K CE and 33 K shorted  CE were covered by them.
  • 8900 PE OI@16.4 Lakhs having the highest OI strong support at 8900 followed by 8800. 8800-9000 PE added 24 Lakh in OI so bulls added position in range 9000 -8900.FII sold 5.8 K PE and 931 PE were shorted by them. Retailers bought 117  K PE and 72.4 K PE were shorted by them.
  • FII’s sold 1466 cores and DII’s bought 2373 cores in cash segment.INR closed at 75.73

Buy Above 9100 Tgt 9120,9148 and 9190  (Nifty Spot Levels)

Sell Below 9039 Tgt 9011,8980 and 8930 (opens in a ne (Nifty Spot Levels)

Upper End of Expiry : 9235

Lower End of Expiry : 8896

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