Nifty Dec Monthly Expiry Range

  • FII sold 4.8  K contract of Index Future worth 468 cores, Net OI has increased by 27.9 K contract,11.5 K Long contract were added by FII and 16.4 K  Shorts were added by FII. Net FII Long Short ratio at 1.73 So FII used rise to enter longs and enter shorts.
  • As Discussed in Last Analysis.Now Bulls need to protect 13924-13900 range for rally to continue till 14024/14087. Bears below 13870 can quickly fall towards 13810/13764. As per time cycle we should see a big move in next 2 trading sessions. We did not saw the big move as per expecation, possible we can see an explosive expiry. Now Bulls need to move above 14001 for a move back to 14042/14101, Bears below 13921 can see move back to 13865/13806. Bears need a close below 13824 for a positional short to be activated till than its buy on dips market.

  • Total Future & Option trading volume at 30.84 Lakh core with total contract traded 1.31 lakh , PCR @0.99
  • Nifty Jan Future Open Interest Volume is at 0.89 Cores with addition of 33.7  Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @12984 closed above it.
  • 14000 CE is having Highest OI at 24.5 Lakh, resistance at 14000 followed by 14100.13900-14100 CE added 22.2 Lakh in OI so bears added in range of 13900-14000.FII bought 32.9  K CE and 12 K CE were shorted by them. Retailers bought 121 K CE and 113 K CE were shorted by them.
  • 13800 PE OI@26.5 Lakhs having the highest OI strong support at 13800 followed by 13700. 13500-13800 PE added 25  Lakh in OI so bulls addded position in range 13700-13800.FII bought 23.2 K PE and 13.3 K PE were shorted by them. Retailers bought 114 K PE and 102 K PE were shorted by them.
  • FII’s bought 1824 cores and DII’s sold 587 cores in cash segment.INR closed at 73.42

Buy Above 14001 Tgt 14031,14075 and 14101 (Nifty Spot Levels)

Sell Below 13930 Tgt 13898,13866 and 13815 (Nifty Spot Levels)

Upper End of Expiry : 14136 

Lower End of Expiry :  13827

Leave a Reply