Nifty Weekly Expiry Analysis

  • FII sold 9.7 K contract of Index Future worth 819 cores, Net OI has decreased by 3.3 K contract, 6.5 K Long contract were covered by FII and 3.1 K Shorts were added by FII. Net FII Long Short ratio at 1.52, So FII used rise to exit longs and enter shorts.
  •  As discussed in last analysis  Mercury is going out combust tommrow suggesting another good move coming. Bulls need to move above 11500 for a move back to 11555/11610/11666. Bears will get active below 11420 for a move back to 11373/11323/11276. 11555 done,We are near a perfect set up for explosive move as we have astro date today with Inside Bar formation.Bulls need to move above 11560 for a move back to 11610/11666/11721 . Bears will get active below 11470 for a move back to 11424/11370/11333.

  • Total Future & Option trading volume at 20.1 Lakh core with total contract traded at 2.1 lakh , PCR @0.87
  • Nifty Aug Future Open Interest Volume is at 1.01 Cores with liquidation of 10.6 Lakh with increase in cost of carry suggesting short position were closed today, NF Rollover cost @11514 closed below it.
  • 11600 CE is having Highest OI at 36 Lakh, resistance at 11600 followed by 11700.11300-11800 CE added 11.7 Lakh in OI so bears added in range of 11700-11800.FII sold 1.4 K CE and 13.8 K CE were shorted by them. Retailers bought 73.6 K CE and 54 K CE were shorted by them. Retails Weekly Expiry Call Ratio is above 1 suggesting Retail are long in expiry suggesting possiblty of fall tomrow.
  • 11400 PE OI@40 Lakhs having the highest OI strong support at 11400 followed by 11300. 11300-11500 PE added 32  Lakh in OI so bulls addded position in range 11400-11300.FII bought 2.3 K PE and 3.4 K PE were shorted by them. Retailers bought 111 K PE and 84 K PE were shorted by them.
  • FII’s bought 990 cores and DII’s sold 657 cores in cash segment.INR closed at 73.35

Buy Above 11555  Tgt 11580,11605 and 11631 (Nifty Spot Levels)

Sell Below 11490 Tgt 11460,11430 and 11400 (Nifty Spot Levels)

Upper End of Expiry : 11662

Lower End of Expiry : 11407

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