Nifty Weekly Expiry Analysis

By | June 9, 2021 9:14 pm
  • Finally Bear Day FII bought 4.6 K contract of Index Future worth 536 cores, Net OI has increased by 432  contract 2.5 K Long contract were added by FII and 2.1 K Shorts were covered by FII. Net FII Long Short ratio at 1.8  so FII used fall to enter longs and exit shorts so shorrts were booked and small shorts entered in the system
  • As Discussed in Last Analysis It is very interesting to note that FII bought more options than what they sold. That is another indication for me that a directional move is round the corner and a move of 200-300 points will be seen in single trading session, Range of 15791-15854 is crucial gann zone of resistance. Now Bulls need to move above 15791 for a move back to 15854/15917/15980. Bears will get active below 15720 for a move towards 15665/15603/15541. We got the big move as per expectation based on data and astro date also shared the analysis on twitter and intraday levels which worked fine now we are at crucial jucture as we have solar eclipse and also mercury change in sign on 11 June suggesting one big move can be seen as multiple astro dates are coming. Now Bulls need to move above 15699 for a move back to 15763/15854/15950. Bears will get active below 15610 for a move towards 15534/15485/15434
  • Total Future & Option trading volume at 59.2 Lakh core with total contract traded 1.68 lakh , PCR @0.92
  • Nifty June Future Open Interest Volume is at 1.08 Cores with addition of 1.2 Lakh with decrease in cost of carry suggesting LONG position were closed today, NF Rollover cost @15296 closed above it. 
  • 15800 CE is having Highest OI at 32 Lakh, resistance at 15800 followed by 15900. 15700-15900 CE added 34 Lakh in OI so bears added in range of 15700-15800.FII sold 30 K CE and 4.6 K CE were shorted by them. Retailers bought 227 K CE and 139 K CE were shorted by them.
  • 15600 PE OI@42 Lakhs having the highest OI strong support at 15600 followed by 15500. 15500-15600 PE added 22  Lakh in OI so bulls addded position in range 15500-15600. FII sold 42 K PE and 1.3 K PE were shorted by them. Retailers sold 23.6 K PE and 29.1 K shorted PE were covered by them.
  • FII’s sold 846 cores and DII’s sold 271 cores in cash segment.INR closed at 73.05

Buy Above 15651  Tgt 15680,15714 and 15756(Nifty Spot Levels)

Sell Below 15610 Tgt 15575, 15545 and 15514 (Nifty Spot Levels)

Upper End of Expiry : 15756

Lower End of Expiry : 15514

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