Nifty Weekly Expiry Analysis

  • FII bought 694 contract of Index Future worth 140 cores, Net OI has decreased by 570 contract 62 Long contract were covered by FII and 632 Shorts were covered by FII. Net FII Long Short ratio at 1.95 so FII used fall to exit longs and exit shorts.
  • As discussed in Last Analysis Bears below 15040 can see quick fall towards 14986/14932.Bulls above 15170 for a move back to 15224/15289/15343. We got a big move on downside but saw an equal recovery also, Today being expiry  expect another volatile session, till we are below 15169 Mercury Ingress High Bears have upper hand and can push index towards 15040/14986/14932.Bulls need to move above 15170 for a move back to 15224/15289/15343.
  • Total Future & Option trading volume at 46.1 Lakh core with total contract traded 1.67 lakh , PCR @0.95
  • Nifty Feb Future Open Interest Volume is at 1.07 Cores with liqudiation of 1.1  Lakh with decrease in cost of carry suggesting LONG position were closed today, NF Rollover cost @14217 closed above it. 
  • 15200 CE is having Highest OI at 35.7 Lakh, resistance at 15200 followed by 15300.15000-15300 CE added 24 Lakh in OI so bears added in range of 15200-15300.FII bought 24 K CE and 12 K CE were shorted by them. Retailers bought 162 K CE and 132 K  CE were shorted by them.
  • 15000 PE OI@36.3 Lakhs having the highest OI strong support at 15000 followed by 14900. 14900-15000 PE added 28 Lakh in OI so bulls addded position in range 14900-15000.FII bought 17.2 K PE and 7.5 K PE were shorted by them. Retailers bought 54.1 K PE and 44 K PE were shorted by them.
  • FII’s bought 1786 cores and DII’s sold 2075 cores in cash segment.INR closed at 72.92

Buy Above 15125 Tgt 15155,15190 and 15224 (Nifty Spot Levels)

Sell Below 15060 Tgt 15030,14998 and 14950 (Nifty Spot Levels)

Upper End of Expiry : 15295

Lower End of Expiry : 14917

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