Nifty Weekly Expiry Analysis

By | June 3, 2021 7:28 am
  • FII sold 9.4 K contract of Index Future worth 1107 cores, Net OI has decreased by 9.6 K contract 9.5 K Long contract were covered by FII and 132 Shorts were covered by FII. Net FII Long Short ratio at 1  so FII used rise to exit longs and exit shorts.
  • As Discussed in Last Analysis Now we are nearing an important gann price time  squaring as tommrow is 81 trading days from low made of 29 Jan, Venus Ingress  and we are near gann angle resistance as shown in below chart. Now Bears need to break 15517 for a move back to 15455/15382/15323. Bulls till above 15541 are safe but failure to close above 15610 will show trend is getting weaker.Bulls need to hold this level of 15541 and close above 15610 for the move to contiue towards 15668/15743/15843 .  We saw the fall  below 15517 and did our 1 target but failed to close below it with smart recovery seen and price close above 15541. Plan remains the same Bulls need to hold this level of 15541 and close above 15610 for the move to contiue towards 15668/15743/15843, Bears need to break 15525  for a move back to 15455/15382/15323.
  • Total Future & Option trading volume at 43.8 Lakh core with total contract traded 0.89 lakh , PCR @0.84
  • Nifty June Future Open Interest Volume is at 1 Cores with liquidation of 6.3 Lakh with increase in cost of carry suggesting LONG position were closed today, NF Rollover cost @15296 closed above it. 
  • 15700 CE is having Highest OI at 24.8 Lakh, resistance at 15600 followed by 15700. 15500-15700 CE added 14 Lakh in OI so bears added in range of 15600-15700. FII bought 6.3 K CE and 12.3 K CE were shorted by them. Retailers bought 67.2K CE and 69.8 K CE were shorted by them.
  • 15400 PE OI@29 Lakhs having the highest OI strong support at 15500 followed by 15400. 15400-15500 PE added 18.9  Lakh in OI so bulls addded position in range 15400-15500. FII bought 1.4 K PE and 509 PE were Shorted by them. Retailers bought 63.6 K PE and 65 K PE were shorted by them.
  • FII’s bought 921 cores and DII’s bought 241 cores in cash segment.INR closed at 73.16

Buy Above 15630 Tgt 15666,15699and 15729 (Nifty Spot Levels)

Sell Below 15541 Tgt 15515, 15485 and 15455(Nifty Spot Levels)

Upper End of Expiry : 15770

Lower End of Expiry : 15490

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