Nifty Weekly Expiry Trading Plan

  • FII sold 10.4 K contract of Index Future worth 1313 cores, Net OI has decreased by 4.1 K contract 7.3 K Long contract were covered by FII and 3.1  K Shorts were added by FII. Net FII Long Short ratio at 1.74  so FII used rise to exit longs and enter shorts.
  • As discussed in Last Analysis  Astro gives important date which prepares us to be ready and levels gives us perfect entry exit points, Now Bears need to break 14444 for downmove to continue towards 14385/14323/14285. Bulls above 14555 can rally back to 14610/14666. 14666 also done we hit a new life high,till bulls are holding 14595 we can see rally till 14729/14777. Bears below 14580 can see quick fall towards 14512/14444. Be ready for fast and volatile expiry tommrow. 

  • Total Future & Option trading volume at 32.6  Lakh core with total contract traded 1.17  lakh , PCR @0.92
  • Nifty Jan Future Open Interest Volume is at 1.24 Cores with addition of 4.2 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @13975, 
  • 14700 CE is having Highest OI at 34.5 Lakh, resistance at 14700 followed by 14800.14500-14600 CE liqudiated 33 Lakh in OI so bears covered in range of 14400-14500.FII bought 1.5 K CE and 16.9 K CE were shorted by them. Retailers bought 22.2 K CE and 11.2 K  CE were shorted by them.
  • 14500 PE OI@32  Lakhs having the highest OI strong support at 14500 followed by 14500. 14400-14300 PE added 28 Lakh in OI so bulls addded position in range 14400-14500.FII bought 6.4 K PE and 2.3 K shorted PE were by them. Retailers bought 68 K PE and 63 K PE were shorted by them.
  • FII’s bought 2289 cores and DII’s sold 864 cores in cash segment.INR closed at 73.08

Buy Above 14676 Tgt 14700,14729 and 14777 (Nifty Spot Levels)

Sell Below 14626 Tgt 14606,14580 and 14555 (Nifty Spot Levels)

Upper End of Expiry : 14809

Lower End of Expiry : 14479

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