Nifty Weekly Expiry Analysis

  • FII sold 184 contract of Index Future worth 68 cores, Net OI has increased by 3.8 K contract 1.8 K Long contract were added by FII and 2K Shorts were added by FII. Net FII Long Short ratio at 2.39 so FII used rise to enter longs and enter shorts.
  • As discussed in Last Analysis  Now Bulls need to move above 14666 for a move back to 14729/14801/14878. Bears below 14585 can move back to 14500/14444. Bulls were able to 3 target, Tommrow is another important astro date suggesting big move will be seen in next 2 trading sessions. Bulls now need to move above 14823 for a move back to 14884/14945/15007. Bears will get active below 14720 for a move back to 14666/14610/14555.

  • Total Future & Option trading volume at 42 Lakh core with total contract traded 1.58  lakh , PCR @1
  • Nifty Feb Future Open Interest Volume is at 1.02 Cores with addition of 45.2  Lakh with decrease in cost of carry suggesting LONG position were closed today, NF Rollover cost @14217 closed above it. 
  • 14900 CE is having Highest OI at 26.8 Lakh, resistance at 14850 followed by 14900.14800-15000 CE added 24 Lakh in OI so bears added in range of 14800-15000.FII sold 12.6 K CE and 17.1 K shorted CE were covered by them. Retailers bought 56 K CE and 73.6 K  CE were shorted by them.
  • 14500 PE OI@38.9 Lakhs having the highest OI strong support at 14500 followed by 14400. 14400-14500 PE added 28 Lakh in OI so bulls addded position in range 14400-14500.FII sold 13.6 K PE and 9.3 K PE were shorted by them. Retailers bought 187 K PE and 124 K PE were shorted by them.
  • FII’s bought 2520 cores and DII’s sold 399 cores in cash segment.INR closed at 73.12

Buy Above 14816 Tgt 14843,14888 and 14921 (Nifty Spot Levels)

Sell Below 14765 Tgt 14740,14714 and 14685 (Nifty Spot Levels)

Upper End of Expiry : 14973

Lower End of Expiry :  14605

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