Nifty Technical Analysis and Insights for Weekly Expiry

  • FII bought 16.5 K contract of Index Future worth 1735 cores, Net OI has decreased by 11.6 contract 2.4 K  Long contract were added by FII and 14.1 K Shorts were covered by FII. Net FII Long Short ratio at 1.52 so FII used fall to enter longs and exit shorts.
  • As discussed in Last Analysis  We have explained the importance of astro date of last few days, Plan remains the same Bulls above 14985 can see quick move towards 15045/15106/15168.Bears need to break 14923 for a move back to 14862/14801/14740.  Low made today was 14925 so bears unable to break 14923, and bulls above 14985 did 15106 so plan worked perfectly. For Tommrow 15129 will be an important number to watch, Bulls need to move above 15129 for a quick move towards 15199/15251/15300. Bears need to break 15070 for a move back to 15026/14973/14920.
  • Total Future & Option trading volume at 34 Lakh core with total contract traded 1.69 lakh , PCR @0.90
  • Nifty March Future Open Interest Volume is at 1.15  Cores with liqudiation of 1.27 Lakh with increase in cost of carry suggesting SHORT position were closed today, NF Rollover cost @14938 closed below it. 
  • 15200 CE is having Highest OI at 16.9  Lakh, resistance at 15200 followed by 15300.15100-15300 CE added 14 Lakh in OI so bears added in range of 15000-15300.FII bought 52.8 K CE and 26.4 K CE were shorted by them. Retailers sold 54.4 K CE and 11.9 K shorted CE were covered by them.
  • 15000 PE OI@25.3 Lakhs having the highest OI strong support at 15000 followed by 14900. 14700-15000 PE added 14 Lakh in OI so bulls addded position in range 14700-15000.FII bought 13.5 K PE and 4.1 K PE were shorted by them. Retailers bought 144 K PE and 83 K PE were shorted by them.
  • FII’s bought 2801 cores and DII’s bought 1250 cores in cash segment.INR closed at 73.30

Buy Above 15129 Tgt 15160,15190 and 15225 (Nifty Spot Levels)

Sell Below 15050 Tgt 15025,15001 and 14975 (Nifty Spot Levels)

Upper End of Expiry : 15275

Lower End of Expiry : 14920

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