Nifty Analysis after Volatile Expiry

  • FII bought 11.1 K contract of Index Future worth 1102 cores, Net OI has increased by 10.7 K contract 10.9 K Long contract were added by FII and 214 Shorts were covered by FII. Net FII Long Short ratio at 1.99  so FII used fall to enter longs and exit shorts.
  • As discussed in Last Analysis   Bears below 14580 can see quick fall towards 14512/14444. Be ready for fast and volatile expiry tommrow. 14517 done below 14580 and we got the voaltile expiry as per expectation. Gann Number and time always give an added advantage and specially on expiry day can give big money in small time.Like the fall started at 2:30 PM time as per our intraday reversal time. Now Bulls need to break 14626 for a move back to 14666/14729/14801 . Bears below 14555 can see fall back to 14490/14430/14375.

  • Total Future & Option trading volume at 69.6 Lakh core with total contract traded 1.17  lakh , PCR @0.92
  • Nifty Jan Future Open Interest Volume is at 1.21 Cores with liquidation of 3 Lakh with increase in cost of carry suggesting short position were closed today, NF Rollover cost @13975, 
  • 14700 CE is having Highest OI at 14.5 Lakh, resistance at 14700 followed by 14800.14500-14600 CE liqudiated 3 Lakh in OI so bears covered in range of 14600-14800
  • 14400 PE OI@12  Lakhs having the highest OI strong support at 14400 followed by 14300. 14400-14300 PE added 18 Lakh in OI so bulls addded position in range 14400-14500.
  • FII’s bought 1614 cores and DII’s sold 1039 cores in cash segment.INR closed at 73.03

Buy Above 14626 Tgt 14640,14666 and 14689 (Nifty Spot Levels)

Sell Below 14555 Tgt 14525,14501 and 14485 (Nifty Spot Levels)

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