NIFTY Weekly Expiry Analysis

  • FII bought 12.9 K contract of Index Future worth 1371 cores, Net OI has decreased by 5.4 K contract 3.7 K  Long contract were covered by FII and 9.2 K Shorts were covered by FII. Net FII Long Short ratio at 1.8 so FII used fall to enter longs and exit shorts.
  • As discussed in Last Analysis  Low made was 14760 and once above 14812 bulls did 2 target on upside, Now Bulls need a close above 14970 for a quick move towards 15055/15101/15170. Bears below 14855 can see quick fall towards 14800/14729/14666. We got a gap up open and all target done on upside and we got the big move as per expecation based on Gann Analysis. As we have weekly expiry tommrow expect volatile move in nifty.Bulls need to move above  15276 for a move towards 15343/15400.Bears need to break 15190 for a move towards 15135/15070/15000. Tommrow is Important Anniversary Date of Nifty.
  • Total Future & Option trading volume at 43.7 Lakh core with total contract traded 1.48 lakh , PCR @0.82
  • Nifty March Future Open Interest Volume is at 1.02  Cores with addition of 0.97 Lakh with decrease in cost of carry suggesting SHORT position were added today, NF Rollover cost @14938 closed below it. 
  • 15300 CE is having Highest OI at 32.6  Lakh, resistance at 15300 followed by 15400.15300-15500 CE added 24 Lakh in OI so bears added in range of 14700-14900.FII bought 42.5 K CE and 26.3 K CE were shorted by them. Retailers sold 99.6 K CE and 55 K  shorted CE were covered by them.
  • 15100 PE OI@31.2 Lakhs having the highest OI strong support at 15100 followed by 15200. 15100-15300 PE added 24.9 Lakh in OI so bulls addded position in range 15100-15000.FII bought 54.4 K PE and 51.1 K PE were shorted by them. Retailers bought 321 K PE and 221 K PE were shorted by them.
  • FII’s bought 2088 cores and DII’s bought 392 cores in cash segment.INR closed at 73.70

Buy Above 15276 Tgt 15300,15343 and 15378 (Nifty Spot Levels)

Sell Below 15199 Tgt 15171,15140 and 15100 (Nifty Spot Levels)

Upper End of Expiry : 15422

Lower End of Expiry : 15069

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