Nifty Weekly Expiry Analysis

  • FII sold 1.9 K contract of Index Future worth 250 cores, Net OI has decreased by 2.4 K contract, 2.2 K Long contract were liqudiated by FII and 221  Shorts were liqudiated by FII. Net FII Long Short ratio at 1.79, So FII used rise to exit longs and exit shorts.
  •  As discussed in last analysis Now Bulls need to hold 11327-11346 range for upmove to continue towards 11440/11495/11529. Bears will get active below 11320 for a move back to 11270/11201. 11440 done,Bulls need to move hold 11400-11385 range for the upmove to continue towards 11440/11495/11529.Bears will get active below 11350 for a move back to 11289/11220.

  • Total Future & Option trading volume at 15.89 Lakh core with total contract traded at 1.02 lakh , PCR @0.96
  • Nifty Aug Future Open Interest Volume is at 0.97 Cores with liquidation of 6.4 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @11197 closed above it.
  • 11400 CE is having Highest OI at 33 Lakh, resistance at 11400 followed by 11500.11200-11400 CE added 21 Lakh in OI so bears added in range of 11400-11450.FII bought 1.2 K CE and 6.5 K CE were shorted by them. Retailers bought 105 K CE and 59 K CE were shorted by them. 
  • 11300 PE OI@26 Lakhs having the highest OI strong support at 11300 followed by 11250. 11000-11300 PE added 21  Lakh in OI so bulls addded position in range 11350-11300.FII bought 3.9 K PE and 1.6 K PE were shorted by them. Retailers bought 57 K PE and 69  K PE were shorted by them.
  • FII’s bought 459 cores and DII’s sold 97 cores in cash segment.INR closed at 74.89

Buy Above 11427 Tgt 11447,11487 and 11514 (Nifty Spot Levels)

Sell Below 11400 Tgt 11381,11354 and 11315 (Nifty Spot Levels)

Upper End of Expiry : 11527

Lower End of Expiry : 11289

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