Nifty Weekly Expiry Analysis

  • FII bought 3.6 K contract of Index Future worth 337 cores, Net OI has increased by 3.6 K contract, 3.6 K Long contract were added by FII and 8  Shorts were covered by FII. Net FII Long Short ratio at 1.33, So FII used fall to enter longs and exit shorts.
  •  As discussed in last analysis  Another gap up open by Nifty no levels got triggered, Bulls will get active above 11190 for a move back to 11230/11270,Bears will get active below 11110 for a move back to 11057/11005. We are nearing gann angle resistance and last swing high time to be cautious during this phase of optimismAnother Gap up open and we did 11230 in opening but we saw correction and did exact low of 11057,Now Bulls need to move above 11163 for a move back to 11215/11268/11321.Bears will get active below 11079 for a move back to 11027/10974/10922.Today Mercury goes in Elogation suggesting another big move is coming in Nifty in next 2 days.

  • Total Future & Option trading volume at  19.98 Lakh core with total contract traded at 1.72 lakh , PCR @0.99
  • Nifty July Future Open Interest Volume is at 1.03  Cores with liquidation of 2.7 Lakh with decrease in cost of carry suggesting long position were closed today, NF Rollover cost @10325 closed above it.
  • 11200 CE is having Highest OI at 24 Lakh, resistance at 11200 followed by 11300.10900-11000 CE added 33 Lakh in OI so bears added in range of 11200-11300.FII bought 6.1 K CE and 8.2 K CE were shorted by them. Retailers bought 86.4 K CE and55.1 K  CE were shorted by them.
  • 11100 PE OI@33 Lakhs having the highest OI strong support at 11000 followed by 11000. 10800-11000 PE added 34  Lakh in OI so bulls added position in range 10900-11000.FII bought 17.9 K PE and 8.3 K PE were shorted by them. Retailers bought 49.2 K PE and 57 K PE were shorted by them.
  • FII’s bought 1665 cores and DII’s sold 1138 cores in cash segment.INR closed at 74.63

Buy Above 11150 Tgt 11177,11200 and 11230 (Nifty Spot Levels)

Sell Below 11111 Tgt 11085,11050 and 11000 (Nifty Spot Levels)

Upper End of Expiry: 11277 

Lower End of Expiry: 10987

1 thought on “Nifty Weekly Expiry Analysis”

  1. Bank Nifty expiry levels are mis typed in place of NIfty expiry levels. could you pls look into it?

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