Nifty Weekly Expiry Analysis

By | April 21, 2021

  • FII bought 4 K contract of Index Future worth 307 cores, Net OI has decreased by 9.8 K contract 2.9 K Long contract were covered by FII and 6.9 K  Shorts were covered by FII. Net FII Long Short ratio at 1.65 so FII used fall to exit longs and exit shorts.
  • As Discussed in Last Analysis  Monday Mercury at Superior Conjunction so again big move will be seen in next 2 trading sessions.  Bulls now need to move above 14636 for a move towards 14699/14743/14829. Bears below 14585 can see quick fall towards 14525/14444/14377. We got the big move as per expectation as per Mercury at Superior Conjunction, Now Bears need to break 14167 for a quick move towards 14108/14049/13974. Bulls need to move above 14323 for a move towards 14377/14444/14525. 

  • Total Future & Option trading volume at 41.7 Lakh core with total contract traded 1.61 lakh , PCR @0.94
  • Nifty April  Future Open Interest Volume is at 1.10 Cores with addition of 0.66 Lakh with decrease in cost of carry suggesting SHORT position were added, NF Rollover cost @14719 closed below it. 
  • 14400 CE is having Highest OI at 36.8 Lakh, resistance at 14400 followed by 14500.14400-14600 CE added 17 Lakh in OI so bears added in range of 14400-14500. FII sold 14.5 K CE and 12.4 K CE were shorted by them. Retailers bought 233 K CE and 138 K  CE were shorted by them.
  • 14100 PE OI@29.2 Lakhs having the highest OI strong support at 14100 followed by 14000. 14100-14300 PE added 27 Lakh in OI so bulls addded position in range 14100-14200.FII sold 1.9 K PE and 4.8 K shorted PE were covered by them. Retailers bought 22.7 K PE and 48.8 K PE were shorted by them.
  • FII’s sold 1082 cores and DII’s bought 1323 cores in cash segment.INR closed at 75.14

Buy Above 14200 Tgt 14225,14250 and 14296 (Nifty Spot Levels)

Sell Below 14167 Tgt 14140, 14108 and 14056 (Nifty Spot Levels)

2 thoughts on “Nifty Weekly Expiry Analysis

  1. venkat

    gm sirji

    your 3 period EOD close “hint” has given a huge change in market.
    it’s drastically reduced.
    Now how to mean it ??? as much as its coming down it’s -ve or it may bounce and touch it??
    @ ur free time.
    thanks always for ur valuable guidance.

  2. Binod Kumar

    what will be rhe range of nifty for tomorrow

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