Nifty Weekly Expiry Analysis

  • FII sold 20.8 K contract of Index Future worth 2220 cores, Net OI has increased by 9.9 K contract 5.4  K Long contract were covered by FII and 15.4 K Shorts were added by FII. Net FII Long Short ratio at 0.71 so FII used fall to exit longs and enter shorts.
  • As Discussed in Last Analysis  Today we have Venus Ingress suggesting another big move should be seen in next 2 trading sessions. Bulls need to move above 14975 for a move towards 15046/15100. Bears below 14888 can see quick fall towards 14826/14777/14729. We opened gap down as we saw the impact of Venus Ingress and  bears got entry at 14888 and now waiting for the target of 14826/14777/14729. Bulls need to move above 14975 for a move towards 15046/15100.
  • Total Future & Option trading volume at 42.7 Lakh core with total contract traded 1.11 lakh , PCR @0.89
  • Nifty April  Future Open Interest Volume is at 1.17 Cores with addition of 5.4 Lakh with decrease in cost of carry suggesting SHORT position were added today, NF Rollover cost @14703 closed above it. 
  • 15000 CE is having Highest OI at 50 Lakh, resistance at 15000 followed by 15100. 14900-15100 CE added 32 Lakh in OI so bears covered in range of 14900-15100. FII sold 436 CE and 17.1 K CE were shorted by them. Retailers bought 163 K CE and 103 K CE were shorted by them.
  • 14800 PE OI@35.3 Lakhs having the highest OI strong support at 14800 followed by 14700. 14700-14900 PE added 23 Lakh in OI so bulls addded position in range 14700-14800.FII bought 20.5 K PE and 32 K PE were shorted by them. Retailers bought 56 K PE and 49 K PE were shorted by them.
  • FII’s sold 336 cores and DII’s sold 676 cores in cash segment.INR closed at 73.47

Buy Above 14864 Tgt 14890,14920 and 14943 (Nifty Spot Levels)

Sell Below 14820 Tgt 14800, 14781 and 14743(Nifty Spot Levels)

Upper End of Expiry : 15004

Lower End of Expiry : 14696

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