Nifty Weekly Expiry Analysis

By | April 14, 2021
  • FII bought 19.4 K contract of Index Future worth 1995 cores, Net OI has decreased by 2.9 K contract 8.2 K Long contract were added by FII and 11.1 K  Shorts were covered by FII. Net FII Long Short ratio at 1.38  so FII used fall to enter longs and exit shorts.
  • As Discussed in Last Analysis  Bayers date showed the perfect move as discussed in below video. When 2-3 Astro Event combined we tend to get big move in market. Now Bulls need to move above 14360 for a move back to 14400/14444/14512. Bears below 14260 can see quick move towards 14213/14165/14100. Bulls were able to do all target on upside above 14360, Now as we will see a gap up open tommrow Bulls need to hold 14624 range for a move towards 14710/14777/14843. Bears below 14599 can see quick fall towards 14525/14444/14354/14285. Tommrow first 15 mins High and low will decide the trend for the day as we have important moon astro date today.
  • Total Future & Option trading volume at 42.9 Lakh core with total contract traded 1.69 lakh , PCR @0.82
  • Nifty April  Future Open Interest Volume is at 1.09 Cores with liquidation of 2.23 Lakh with increase in cost of carry suggesting SHORT position were closed today, NF Rollover cost @14719 closed above it. 
  • 14800 CE is having Highest OI at 26.2 Lakh, resistance at 14800 followed by 14900.14500-14800 CE added 17 Lakh in OI so bears added in range of 14500-14800.FII bought 16.2 K CE and 7.9K shorted CE were covered by them. Retailers sold 224 K CE and 95 K  shorted CE were covered by them.
  • 14400 PE OI@31.9 Lakhs having the highest OI strong support at 14500 followed by 14400. 141300-14500 PE added 27 Lakh in OI so bulls addded position in range 14400-14500.FII bought 26.1 K PE and 60.4 K PE were shorted by them. Retailers bought 344 K PE and 246 K PE were shorted by them.
  • FII’s sold 730 cores and DII’s bought 243 cores in cash segment.INR closed at 75.2

Buy Above 14666 Tgt 14690,14729 and 14777 (Nifty Spot Levels)

Sell Below 14610 Tgt 14580, 14555 and 14510 (Nifty Spot Levels)

Upper End of Expiry : 14820

Lower End of Expiry : 14510

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