Nifty Weekly Expiry Analysis

  • FII sold 11.4  K contract of Index Future worth 1081 cores, Net OI has decreased by 6 K contract,8.7 K Long contract were covered by FII and 2.7 K Shorts were added by FII. Net FII Long Short ratio at 3.4 So FII used rise to exit longs and enter shorts.
  • As Discussed in Last Analysis Now Bulls need to move above 13170 for upmove to continue towards 13232/13290. Bears below 13043 can see quick fall towards 12970/12901/12839. Marecury Ingreess today so break of High and low of today can see move of 150-200 points in next 2 trading sessions. Nifty unable to break the Mercury Ingress High and saw an intraday dip and bouced from gann support levels. As per time cycle we should see another big move tommrow. Bulls above 13155 can see upmove towards 13211/13270 Bears below 13097 can see fall towards 13040/12983/12926.

  • Total Future & Option trading volume at 28.9 Lakh core with total contract traded 1.45 lakh , PCR @0.88
  • Nifty Dec Future Open Interest Volume is at 1.16 Cores with liqudiation of 2.33 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @12984 closed above it.
  • 13200 CE is having Highest OI at 18 Lakh, resistance at 13150 followed by 13200.12900-13000 CE added 25 Lakh in OI so bears added in range of 13100-13200.FII bought 7.8 K CE and 11.9 K CE were shorted by them. Retailers bought 169  K CE and 98 K  CE were shorted by them.
  • 12900 PE OI@22 Lakhs having the highest OI strong support at 12900 followed by 12850. 12700-12800 PE added 19  Lakh in OI so bulls addded position in range 12700-12800.FII bought 24.6 K PE and 1.6 K PE were shorted by them. Retailers sold 1.4 K PE and 43 K PE were shorted by them.
  • FII’s bought 357  cores and DII’s sold 1635 cores in cash segment.INR closed at 74.02

Buy Above 13130 Tgt 13166,13199 and 13232 (Nifty Spot Levels)

Sell Below 13075 Tgt 13056,13022 and 12980 (Nifty Spot Levels)

Upper End of Expiry : 13250

Lower End of Expiry :12977

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