Nifty Weekly Expiry Analysis

  • FII sold 8.1 K caontract of Index Future worth 713 cores, Net OI has decreased by 1.5 K contract, 4.8 K  Long contract were covered by FII and 3.3 K Shorts were by added FII. Net FII Long Short ratio at 1.91 So FII used rise to exit longs and enter shorts.
  • As Discussed in Last Analysis Nifty formed an Inside Bar,NR7and important  Astro date suggesting big move should be seen in next 2 trading session. Bulls need to move above 11990 for a move back to 12031/12085/12141. Bears will get active below 11885 for a move back to 11800/11749/11695. Bears unable to do target of 11800 as low made was 11822 and also failed to close above 11990, So day of whipsaw. Price is back to gann angle resistance.Bulls need to move above 11990 for a move back to 12038/12085/12141. Bears will get active below 11925 for a move back to 11870/11822/11755/11695.  

  • Total Future & Option trading volume at 23.3 Lakh core with total contract traded at 1.60 lakh , PCR @0.88
  • Nifty Oct Future Open Interest Volume is at 1.13 Cores with liqudiation  of 1.9 Lakh with decrease in cost of carry suggesting short  position were closed  today, NF Rollover cost @11170 above it.
  • 12100 CE is having Highest OI at 30 Lakh, resistance at 12000 followed by 12100.11900-12200 CE added 28 Lakh in OI so bears added in range of 11900-12000.FII bought 6.8 K CE and  1.3 K CE were shorted by them. Retailers sold 20 K CE and 18.7 K  CE were shorted by them.
  • 11800 PE OI@28 Lakhs having the highest OI strong support at 11800 followed by 11900. 11500-11900 PE added 22  Lakh in OI so bulls addded position in range 11800-11900.FII bought 14.9 K PE and 4.4 K shorted PE were covered by them. Retailers bought 61 K PE and 54 K PE were shorted by them.
  • FII’s bought 821 cores and DII’s sold 1276 cores in cash segment.INR closed at 73.50

Buy Above 11990 Tgt 12038,12070 and 12100 (Nifty Spot Levels)

Sell Below 11925 Tgt 11905,11885 and 11865 (Nifty Spot Levels)

Upper End of Expiry : 12097

Lower End of Expiry : 11844

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