Nifty Weekly Expiry Analysis

By | May 19, 2021 8:00 pm
  • FII bought 2 K contract of Index Future worth 3076 cores, Net OI has increased by 9.8 K contract 12.1 K Long contract were covered by FII and 4.2 K Shorts were covered by FII. Net FII Long Short ratio at 1.43  so FII used fall to exit longs and exit shorts.
  • As Discussed in Last Analysis  We are at a crucial juncture and can see potential price time squaring tommrow based on Gann if we do another close below 15043. Bulls need a close above 15150 for a move back to 15200/15250/15312. Bears will get active below 15043 for a move back to 15001/14943/14888. Nifty bears were able to close below 15043 now waiting for the target of 15001/14943/14888 as per gann price time squaring, Bulls need a close above 15150 for a move back to 15200/15250/15312.
  • Total Future & Option trading volume at 42.8 Lakh core with total contract traded 0.88 lakh , PCR @0.93
  • Nifty April  Future Open Interest Volume is at 1.07 Cores with liqudiation of 3.1 Lakh with decrease in cost of carry suggesting LONG position were closed today, NF Rollover cost @14703 closed above it. 
  • 15100 CE is having Highest OI at 31 Lakh, resistance at 15000 followed by 15050. 14900-15100 CE added 22 Lakh in OI so bears added in range of 15000-15100. FII bought 12.7 K CE and 19.7 K CE were shorted by them. Retailers bought 246 K CE and 187 K CE were shorted by them.
  • 14800 PE OI@38.2 Lakhs having the highest OI strong support at 14800 followed by 14900. 14700-14800 PE added 34 Lakh in OI so bulls addded position in range 14700-14800.FII bought 2.5 K PE and 528 PE were shorted by them. Retailers sold 35.5 K PE and 8.2 K PE were shorted by them.
  • FII’s sold 698 cores and DII’s sold 852 cores in cash segment.INR closed at 73.25

Buy Above 15046 Tgt 15070,15099 and 15125 (Nifty Spot Levels)

Sell Below 15005  Tgt 14980, 14943 and 14901 (Nifty Spot Levels)

Upper End of Expiry : 15182

Lower End of Expiry :  14878

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