Nifty Weekly Expiry Analysis

  • FII sold 13.8 K contract of Index Future worth 1378 cores, Net OI has decreased by 8.2 K contract,11 K Long contract were covered by FII and 2.8 K Shorts were added by FII. Net FII Long Short ratio at 1.90 So FII used rise to exit longs and enter shorts.
  • As Discussed in Last Analysis Bulls above 13500 can push towards 13575/13616. 2 days close Below 13191 can lead to quick fall towards 12991/12860/12730 where gann angle support lies as shown in below chart. All Bullish target done above 13500. Till Nifty Bulls are holding 13555 rally can continue till 13669/13729/13778. Bears have there chances below 13521 for a move back to 13485/13420/13363.

  • Total Future & Option trading volume at 28.8 Lakh core with total contract traded 1.18 lakh , PCR @0.91
  • Nifty Dec Future Open Interest Volume is at 1.06 Cores with liqudiation of 2.2 Lakh with increase in cost of carry suggesting long position were closed today, NF Rollover cost @12984 closed above it.
  • 13700 CE is having Highest OI at 18.5 Lakh, resistance at 13700 followed by 13750.13500-13800 CE added 12.2 Lakh in OI so bears added in range of 13600-13700.FII bought 5.5 K CE and 1.8 K CE were shorted by them. Retailers sold 82.1 K CE and 18.1 K  shorted CE were covered by them.
  • 13400 PE OI@18.5 Lakhs having the highest OI strong support at 13400 followed by 13300. 13200-13500 PE added 22  Lakh in OI so bulls addded position in range 13400-13500.FII sold 4.3  K PE and 772 PE were shorted by them. Retailers bought 220 K PE and 157 K PE were shorted by them.
  • FII’s bought 536 cores and DII’s sold 1326 cores in cash segment.INR closed at 73.74

Buy Above 13620 Tgt 13644,13669 and 13699 (Nifty Spot Levels)

Sell Below 13570 Tgt 13550,13525 and 13485 (Nifty Spot Levels)

Upper End of Expiry : 13771

Lower End of Expiry : 13478

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