Nifty Weekly Expiry Analysis

  • FII sold 10.1 K contract of Index Future worth 725 cores, Net OI has increased by 664 contract, 4.7 K Long contract were covered  by FII and 5.3 K Shorts were added by FII. Net FII Long Short ratio at 1.21, So FII used fall to exit longs and enter shorts.
  •  As discussed in last analysis Now bears need to break 11300 for a move towards 11256/11185/11110. Bulls will get active above 11366 for a move back to 11410/11460/11510.11185 done and bears were able to close below 11300. Till we are below 11325 bears can push towards 11230/11185/11110. Bulls will get active above 11333 for a move back 11377/11410/11452.As Mars is going to retrograde today so good move will be seen in nifty.

  • Total Future & Option trading volume at 20.97  Lakh core with total contract traded at 1.74 lakh , PCR @0.87
  • Nifty Aug Future Open Interest Volume is at 0.98 Cores with liquidation of 6.6 Lakh with increase in cost of carry suggesting short position were closed today, NF Rollover cost @11514 closed below it.
  • 11300 CE is having Highest OI at 25 Lakh, resistance at 11300 followed by 11350.11100-11400 CE added 20 Lakh in OI so bears added in range of 11300-11400.FII bought 19.9 K CE and 25.8 K CE were shorted by them. Retailers bought 153 K CE and 84 K CE were shorted by them. 
  • 11200 PE OI@28 Lakhs having the highest OI strong support at 11200 followed by 11100. 11300-11500 PE added 22  Lakh in OI so bulls addded position in range 11200-11300.FII bought 25.9K PE and 4.1 K PE were shorted by them. Retailers bought 52 K PE and 60 K PE were shorted by them. Retails long to Short CE Ratio is 1.45 and PE Ratio is 0.79 so we can see a red expiry tommrow.
  • FII’s sold 959 cores and DII’s sold 263  cores in cash segment.INR closed at 73.75

Buy Above 11300 Tgt 11321,11343 and 11366 (Nifty Spot Levels)

Sell Below 11241 Tgt 11215,11185 and 11146 (Nifty Spot Levels)

Upper End of Expiry : 11409 

Lower End of Expiry : 11146

1 thought on “Nifty Weekly Expiry Analysis”

Leave a Reply