Nifty Weekly Expiry Analysis

  • FII bought 2.8 K contract of Index Future worth 238 cores, Net OI has increased by 9.9  K contract,6.3 K Long contract were added by FII and 3.5 K Shorts were added by FII. Net FII Long Short ratio at 2.9 So FII used rise to enter longs and enter shorts.
  • As Discussed in Last Analysis Today is important astro date and break of High and low of today can see move of 150-200 points. Bulls need to move above 12650 for a move back to 12700/12769/12826. Bears will get active below 12555 for a move back to 12475/12400/12354. High made was 12769 as discussed in video, Bulls now need to move 12797 for a move back to 12852/12909. Bears once below 12683 for a move back to 12627/12571/12529. We should see exciting expiry tommrow based on time cycle 

  • Total Future & Option trading volume at 36.3 Lakh core with total contract traded 2.13 lakh , PCR @0.98
  • Nifty Nov Future Open Interest Volume is at 1.21 Cores with addition of 3.7 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @11786 closed above it.
  • 12800 CE is having Highest OI at 24 Lakh, resistance at 12800 followed by 12900.12700-12900 CE added 22 Lakh in OI so bears added in range of 12800-12900.FII bought 18.9 K CE and 14.1 K CE were shorted by them. Retailers bought 119 K CE and 104 K  CE were shorted by them.
  • 12600 PE OI@23 Lakhs having the highest OI strong support at 12600 followed by 12500. 12500-12600 PE added 19  Lakh in OI so bulls addded position in range 12500-12600.FII bought 13 K PE and 15.2 K PE were shorted by them. Retailers bought 120 K PE and 100 K PE were shorted by them.
  • FII’s bought 6207 cores and DII’s sold 3463 cores in cash segment.INR closed at 74.50

Buy Above 12770 Tgt 12800,12822 and 12850 (Nifty Spot Levels)

Sell Below 12720 Tgt 12696,12670 and 12636 (Nifty Spot Levels)

Upper End of Expiry : 12896 

Lower End of Expiry : 12601 

Leave a Reply