Nifty Weekly Expiry Analysis

  • FII sold 2.9 K contract of Index Future worth 295 cores, Net OI has decreased by 3.2 K contract3  K Long contract were covered by FII and 170 Shorts were covered by FII. Net FII Long Short ratio at 3.5 So FII used rise to exit longs and exit shorts.FII have heavily throw funds towards Index Option side for 8000cr y’day. This is highest in last 55 days too ! Volatility is expected in next couple of weeks ! Keep your SL tight.
  • As discussed in Last Analysis Bulls need to move above 14226 for a move back to 14286/14345. Bears will active below 14151 for a move back to 14107/14048/13981.Get ready for volatile move in next 2 trading sessions as small time cycle are getting completed. Another gap up open but unable to sustain above cluster of gann resistance 14250-14256 ,Gann Angle resistance We got to see the volatile move and nifty was able to do 2 target on downside below 14151. As we have weekly expiry tommrow, bulls need to move above 14201 for a move back to 14250/14323. Bears will active below 14114 for a move back to 14050/13990/13939.

  • Total Future & Option trading volume at 39.8 Lakh core with total contract traded 1.57 lakh , PCR @0.98
  • Nifty Jan Future Open Interest Volume is at 1.23  Cores with liqudiation of 8.1 Lakh with increase in cost of carry suggesting short position were closed today, NF Rollover cost @13975 closed above it Low made today 13970 and bounced.
  • 14300 CE is having Highest OI at 38.5 Lakh, resistance at 14300 followed by 14400.13900-14100 CE added 14.2 Lakh in OI so bears added in range of 14300-14400.FII bought 61.9 K CE and 32.5 K CE were shorted by them. Retailers bought 234 K CE and 169 K  CE were shorted by them.
  • 14100 PE OI@32.5 Lakhs having the highest OI strong support at 14100 followed by 14000. 13800-14000 PE added 12  Lakh in OI so bulls addded position in range 14000-14100.FII bought 32.9 K PE and 21.1 K shorted PE were covered by them. Retailers sold 27 K PE and 48.5 K PE were shorted by them.
  • FII’s sold 483 cores and DII’s sold 380 cores in cash segment.INR closed at 73.25

Buy Above 14166 Tgt 14199,14225 and 14247  (Nifty Spot Levels)

Sell Below 14140 Tgt 14112,14085 and 14044 (Nifty Spot Levels)

Upper End of Expiry : 14301

Lower End of Expiry : 13990

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