Nifty Weekly Expiry Analysis

  • FII sold 10.1 K contract of Index Future worth 976 cores, Net OI has decreased by 4.8 K contract 7.4 K Long contract were covered by FII and 2.6 K Shorts were added by FII. Net FII Long Short ratio at 2.6 so FII used rise to exit longs and enter shorts.
  • As discussed in Last Analysis  Today we saw good rise in both nifty and bank nifty but OI has not changed much suggesting it was a rally of short covering,Lot of traders holding shorts have seen captiulation. 14560 is important gann cycle level, Close below it we can see fall towards 14081 by 31 Jan and close above 14610 rally till 15046 by 31 Jan so we are in middle of the zone. Bulls now need to move above 14610 for a move back to 14673/14733. Bears below 14492 towards 14432/14372. 14654 done unable to meet our target of 14673 and bear did our target on downside. Today is again an importatn date as explained in below video. Bulls now need to move above 14615 for a move back to 14676/14729. Bears below 14495 towards 14435/14374.

  • Total Future & Option trading volume at 46.6 Lakh core with total contract traded 1.70  lakh , PCR @1.01
  • Nifty Jan Future Open Interest Volume is at 1.32 Cores with liqudiation of 6.7 Lakh with decrease in cost of carry suggesting short position were covered today, NF Rollover cost @13975, 
  • 14600 CE is having Highest OI at 42 Lakh, resistance at 14600 followed by 14700.14500-14600 CE added 18 Lakh in OI so bears added in range of 14500-14600.FII bought 59 K CE and 36 K CE were shorted by them. Retailers bought 119 K CE and 77 K  CE were shorted by them.
  • 14400 PE OI@26.7  Lakhs having the highest OI strong support at 14400 followed by 14300. 14400-14300 PE added 32 Lakh in OI so bulls addded position in range 14400-14500.FII bought 50.3 K PE and 13.3 K PE were shorted by them. Retailers sold 38.2  K PE and  19.8 K PE were shorted by them.
  • FII’s bought 1879 cores and DII’s sold 2370 cores in cash segment.INR closed at 73.30

Buy Above 14575 Tgt 14599,14625 and 14666  (Nifty Spot Levels)

Sell Below 14540 Tgt 14520,14499 and 14449 (Nifty Spot Levels)

Upper End of Expiry : 14742 

Lower End of Expiry : 14387

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