Nifty Sep Month Expiry Analysis

  • FII sold 8.1 K contract of Index Future worth 587 cores, Net OI has decreased by 2.3 K contract, 5.2 K Long contract were covered by FII and 2.8  K Shorts were added by FII. Net FII Long Short ratio at 1 So FII used fall to exit longs and enter shorts.
  • As Discussed in Last Analysis Till we are below 11300 we can fall all towards gann angle support which lies at 10771-10800. Today was Sun Ingress so today high and low break will decide next 150-200 points move in Nifty. Bulls will have there chance above 11300 for a move back to 11376/11451. High made was 11260 so bulls unable to move above 11300 and once broken 11085 did 11025 but quickly recovered from days low. Tommrow being Expiry Bulls will get active above 11178 for a move back to 11252/11333. Bears below 11085 can move towards 11025/10955/10900.

  • Total Future & Option trading volume at 25.6 Lakh core with total contract traded at 1.8 lakh , PCR @0.92
  • Nifty Oct Future Open Interest Volume is at 0.56 Cores with addition of 17.5 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @11514 below it.
  • 11200 CE is having Highest OI at 13 Lakh, resistance at 11200 followed by 11300.11200-11600 CE added 28 Lakh in OI so bears added in range of 11300-11400.FII bought 27.3 K CE and 23.1 K CE were shorted  by them. Retailers bought 56 K CE and 34.8 K CE were shorted by them. 
  • 11000 PE OI@32 Lakhs having the highest OI strong support at 11100 followed by 11000. 11300-11500 PE added 22  Lakh in OI so bulls addded position in range 11000-11100.FII bought 25.9 K PE and 7.9 K PE were shorted  by them. Retailers bought 58.9 K PE and 66 K PE were shorted by them. 
  • FII’s sold 3912  cores and DII’s bought 1629 cores in cash segment.INR closed at 73.54

Buy Above 11142 Tgt 11166,11190 and 11254 (Nifty Spot Levels)

Sell Below 11015 Tgt 10985,10955 and 10920 (Nifty Spot Levels)

Upper End of Expiry : 11254

Lower End of Expiry : 11009

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