Nifty Monthly Expiry Analysis

  • FII bought 12.4 K contract of Index Future worth 1289 cores, Net OI has increased by 11.5 K contract 11.9 K Long contract were added by FII and 434 Shorts were covered by FII. Net FII Long Short ratio at 1.86  so FII used fall to enter longs and exit shorts.
  • As Discussed in Last Analysis  We have Total Lunar Eclipse  suggesting another big move will be seen in next 2 trading sessions. Bulls need a close above 15266 for a move back to 15321/15377/15432. Bears will get active below 15140 for a move back to 15084/15029/14973. Bulls were able to close above 15266 and did 1 target on upside and now waiting for 15377/15432 till we are holding 15266. We will see effect of Total Lunar Eclipse tommrow so be ready of explosive expiry. Bears will get active below 15257 for a move back to 15199/15147/15099.
  • Total Future & Option trading volume at 42 Lakh core with total contract traded 1.03 lakh , PCR @0.90
  • Nifty June Future Open Interest Volume is at 0.73 Cores with addtion of 27 Lakh with increase in cost of carry suggesting LONG position were added today, NF Rollover cost @14703 closed above it. 
  • 15400 CE is having Highest OI at 50.8 Lakh, resistance at 15400 followed by 15500. 15300-15500 CE added 14 Lakh in OI so bears added in range of 15300-15500. FII bought 48.4 K CE and 25.1 K CE were shorted by them. Retailers bought 46.6 K CE and 61.2 K CE were shorted by them.
  • 15200 PE OI@49 Lakhs having the highest OI strong support at 15200 followed by 15150. 15100-15200 PE added 18.9  Lakh in OI so bulls addded position in range 15100-15200.FII bought 48.4 K PE and 28.1 K PE were shorted by them. Retailers bought 189 K PE and 144 K PE were shorted by them.
  • FII’s bought 241 cores and DII’s sold 438 cores in cash segment.INR closed at 72.85

Buy Above 15323 Tgt 15349,15385 and 15423 (Nifty Spot Levels)

Sell Below 15285 Tgt 15260, 15230 and 15196 (Nifty Spot Levels)

Upper End of Expiry : 15487

Lower End of Expiry :  15152

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