NIFTY Feb Monthly Expiry Analysis

  • FII bought 4.9 K contract of Index Future worth 443 cores, Net OI has increased by11.8 K contract 8.3 K Long contract were added by FII and 3.4 K Shorts were added by FII. Net FII Long Short ratio at 1.78 so FII used rise to enter longs and enter shorts.
  • As discussed in Last Analysis  We continue to trade below the Gann angle support zone as shown in below chart. Nifty Bulls need to move above  14773 for a move back to 14833/14894/14955, Bears will get active below 14733 for a move back to 14672/14612/14551. Bulls once above 14773 did all target on upside and we saw the big upmove after the technical glitch was resolved. As we have expiry today Till Bulls need to move above 15035 price can rally towards 15086/15125. Bears below 14970 can see quick fall towards 14943/14865.
  • Total Future & Option trading volume at 30.3 Lakh core with total contract traded 1.85 lakh , PCR @0.98
  • Nifty March Future Open Interest Volume is at .45 Cores with addition of 14.8  Lakh with increase in cost of carry suggesting LONG position were added today, NF Rollover cost @14217 closed above it. 
  • 15100 CE is having Highest OI at 38.7 Lakh, resistance at 15100 followed by 15150.15000-15300 CE added 14 Lakh in OI so bears added in range of 14900-15100.FII bought 137 CE and7.4 K shorted CE were covered by them. Retailers sold 284 K CE and 193 K  shorted CE were covered by them.
  • 14900 PE OI@345 Lakhs having the highest OI strong support at 14900 followed by 14850. 14800-15000 PE added 38 Lakh in OI so bulls addded position in range 14900-15000.FII bought 5.2 K PE and 27.7 K PE were shorted by them. Retailers bought 264 K PE and 162 K PE were shorted by them.
  • FII’s sold 723 cores and DII’s bought 230 cores in cash segment.INR closed at 72.64

Buy Above 15035 Tgt 15061,15086 and 15125 (Nifty Spot Levels)

Sell Below 14970 Tgt 14945,14904 and 14865  (Nifty Spot Levels)

Upper End of Expiry : 15171

Lower End of Expiry : 14792

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