Nifty Weekly Expiry Analysis

  • FII bought 7.7 K contract of Index Future worth 531 cores, Net OI has increased by 4.6 K contract, 6.1 K Long contract were added by FII and 1.5 K shorts were covered by FII. Net FII Long Short ratio at 1.68, So FII used rise to enter longs and exit shorts.
  •  As discussed in last analysis   Now Bulls need to move above 10023 for a move back to 10073/10123. Bears will get active below 9920 for a move back to 9873/9824/9743. All Bullish target done,and we saw the fall in last 30 mins. As per below video today High and Low will be very important for next 200-300 points move in nifty.Nifty bulls need to move above 10150 for a move back to 10201/10253. Bears will get active below 10000 for a move back to 9920/9850.

 

  • Total Future & Option trading volume at 11.79 Lakh core with total contract traded at 2.1 lakh , PCR @0.83
  • Nifty June Future Open Interest Volume is at 1.07 Lakh core with addition of 7 Lakh with increase in cost of carry suggesting long position were added today, NF Rollover cost @9164 closed above it.
  • 10200 CE is having Highest OI at 24 Lakh, resistance at 10200 followed by 10300.10000-10300 CE added 20 Lakh in OI so bears covered in range of 10200-10300.FII bought 9.4 K CE and 10.3 K CE were shorted by them. Retailers bought 105 K CE and 53 K  CE were shorted by them.
  • 10000 PE OI@21 Lakhs having the highest OI strong support at 10000 followed by 9900. 9800-10100 PE added 33  Lakh in OI so bulls added position in range 10000 -10100.FII bought 25.7 K PE and 26.1 K PE were shorted by them. Retailers bought 47 K PE and 32 K PE were shorted by them
  • FII’s bought 1851 cores and DII’s sold 781 cores in cash segment.INR closed at 75.52

Buy Above 10120 Tgt 10150,10180 and 10201 (Nifty Spot Levels)

Sell Below 10030 Tgt 10000,9970 and 9920 (opens in a ne (Nifty Spot Levels)

Upper End of Expiry: 10219

Lower End of Expiry: 9903

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