Nifty Weekly Expiry Analysis

  • FII sold 4.1 K contract of Index Future worth 289 cores, Net OI has increased by 509 contract,1.7 K Long contract were covered by FII and 2.3  K Shorts were added by FII. Net FII Long Short ratio at 0.91 So FII used rise to exit longs and enter shorts.
  • As Discussed in Last Analysis We opened gap up Now Bulls need to hold range of 11780-11810 for upmove to continue towards 11910/11960/12025/12100. Bears will get active below 11777 for a move back to 11723/11666/11610. Discussed Impact of US Election on Nifty in below video. Low made in morning was 11783 and we did 11910 in morning trade only so Gann levels worked perfectly. Now as US Election volatlity will continue bulls need to move above 11960 for upmove towards 12025/12100 as we are back to gann angle resistance. Bears need a close below 11860 for move towards 11800/11729/11666.Tommrow is very important Gann Date.

  • Total Future & Option trading volume at 29.9 Lakh core with total contract traded 2.13 lakh , PCR @0.99
  • Nifty Nov Future Open Interest Volume is at 1.05 Cores with additon of 4.8 Lakh with decrease in cost of carry suggesting long position were closedtoday, NF Rollover cost @11786 closed above it.
  • 12000 CE is having Highest OI at 24 Lakh, resistance at 12000 followed by 12100.11800-12000 CE added 12 Lakh in OI so bears added in range of 11800-11900.FII bought 3.5 K CE and 9.5 K CE were shorted by them. Retailers bought 122 K CE and 88 K  CE were shorted by them.
  • 11800 PE OI@22 Lakhs having the highest OI strong support at 11800 followed by 11700. 11700-11800 PE added 29  Lakh in OI so bulls addded position in range 11500-11600.FII bought 3.2 K PE and 1.6 K PE were shorted by them. Retailers bought 107 K PE and 94 K PE were shorted by them.
  • FII’s bought 146 cores and DII’s sold 8 cores in cash segment.INR closed at 74.79

Buy Above 11960 Tgt 11999,12025 and 12054 (Nifty Spot Levels)

Sell Below 11886 Tgt 11860,11840 and 11810 (Nifty Spot Levels)

Upper End of Expiry : 12054

Lower End of Expiry : 11765

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