Nifty Weekly Expiry Analysis

  • FII bought 2.3 K caontract of Index Future worth 150 cores, Net OI has decreased by 317 contract, 1 K Long contract were added by FII and 1.3 K Shorts were by covered FII. Net FII Long Short ratio at 1.89 So FII used rise to enter longs and exit shorts.
  • As Discussed in Last Analysis  Bulls need to break 11910 for a move back to 11960/12025/12078. Bears will get active below 11855 for a move back to 11798/11730/11666. Today was important time cycle date as discussed in below video and we have again hit the gann angle resistance. Bulls need to break 11960 for a move back to 12025/12078. Bears will get active below 11897 for a move back to 11843/11798/11730/11666.

  • Total Future & Option trading volume at 33.02 Lakh core with total contract traded 2.1 lakh , PCR @0.96
  • Nifty Oct Future Open Interest Volume is at 1.07 Cores with liqudiation of 0.81 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @11170 above it.
  • 12000 CE is having Highest OI at 25 Lakh, resistance at 12000 followed by 12100.11800-12000 CE added 28 Lakh in OI so bears added in range of 11900-12000.FII sold 2.8 K CE and 19.6 K shorted CE were covered by them. Retailers bought 57.1 K CE and 34.8 K CE were shorted by them.
  • 11800 PE OI@25 Lakhs having the highest OI strong support at 11800 followed by 11700. 11500-11900 PE added 22  Lakh in OI so bulls addded position in range 11700-11800.FII bought 7.6 K PE and 15.6 K PE were shorted by them. Retailers bought 68 K PE and 25.3 K PE were shorted by them.
  • FII’s bought 2108 cores and DII’s sold 1633 cores in cash segment.INR closed at 73.77

Buy Above 11960 Tgt 11985,12018 and 12045(Nifty Spot Levels)

Sell Below 11920 Tgt 11897,11860 and 11830 (Nifty Spot Levels)

Upper End of Expiry :12080

Lower End of Expiry :11794

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