Nifty Weekly Expiry Analysis

By | May 5, 2021 10:13 pm
  • FII sold 24 contract of Index Future worth 9cores, Net OI has decreased by 4.2 K contract 2.1 K Long contract were covered by FII and 2.1 K  Shorts were covered by FII. Net FII Long Short ratio at 1.09 so FII used fall to exit longs and exit shorts.
  • As Discussed in Last Analysis Nifty has been in a rangebound move from 14150-15000 and we are back to gann angle support zone today being Mercury Ingress suggesting another big move will be seen in next 2 trading sessions. Bulls need to move above 14530 for a quick move towards 14590/14666/14729. Bears will get active below 14444 for a quick move towards 14397/14353/14285/14222. Low made was 14506 so bulls got entry at 14530 and did 1 target on upside, and were able to close above 14610 as discussed in below video waiting for the target of 14666/14729/14799. Bears will get active below 14555 for move towards 14499/14444/14400.
  • Total Future & Option trading volume at 44.6 Lakh core with total contract traded 1.38 lakh , PCR @0.83
  • Nifty April  Future Open Interest Volume is at 1.08 Cores with liquidation of 1.09 Lakh with increase in cost of carry suggesting LONG position were added , NF Rollover cost @14703 closed below it. 
  • 14600 CE is having Highest OI at 31 Lakh, resistance at 14600 followed by 14700. 14500-14700 CE liquidation 9.3 Lakh in OI so bears covered in range of 14600-14700. FII bought 7.6 K CE and 8.7 K CE were shorted by them. Retailers sold 19.1 K CE and 20.5 K CE were shorted by them.
  • 14500 PE OI@28.9 Lakhs having the highest OI strong support at 14500 followed by 14400. 14400-14500 PE added 20 Lakh in OI so bulls addded position in range 14400-14500.FII bought 5.2 K PE and 25.5 K PE were shorted by them. Retailers bought 235 K PE and 163 K PE were shorted by them.
  • FII’s sold 1110 cores and DII’s sold 240 cores in cash segment.INR closed at 74.26

Buy Above 14644 Tgt 14668,14699 and 14729 (Nifty Spot Levels)

Sell Below 14585 Tgt 14555, 14537 and 14510 (Nifty Spot Levels)

Upper End of Expiry : 14786

Lower End of Expiry : 14444

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