Nifty Weekly Expiry Analysis

By | June 23, 2021 11:52 pm
  • FII bought 8.7 K contract of Index Future worth 372 cores, Net OI has increased by 4.9 K contract 6.8 K Long contract were added by FII and 1.9 K Shorts were covered by FII. Net FII Long Short ratio at 2.73 so FII used rise to enter longs and exit shorts so longs entered and shorts exited from the system.
  • As Discussed in Last Analysis Nifty opened with gap up and did 15864 on upside,did time correction after big rally yesterday and closed above the Triple Ingress Day High. No Change in plan for swing traders Bulls will get active above 15799 for a move towards 15864/15931/16000.  Bears will get active below 15743 for a move towards 15666/15610.Again a gap up open bulls did not got chance to enter and bears below 15743 did 1 target. Now Bears need to break 15666 for a quick move towards 15610/15555. Bulls above 15714 can see quick move towards 15768/15813/15865.
  • Total Future & Option trading volume at 42.2 Lakh core with total contract traded 1.02 lakh , PCR @0.88
  • Nifty July Future Open Interest Volume is at 0.59 Cores with addition of 15.1 Lakh with increase in cost of carry suggesting LONG position were added today, NF Rollover cost @15296 closed above it. 
  • 15800 CE is having Highest OI at 50 Lakh, resistance at 15750 followed by 15800. 15700-15900 CE added 14 Lakh in OI so bears added in range of 15700-15800. FII bought 78.6 K CE and 71.3 K CE were shorted by them. Retailers bought 255 K CE and 198 K CE were shorted by them. 
  • 15600 PE OI@51 Lakhs having the highest OI strong support at 15600 followed by 15500. 15500-15700 PE added 22 Lakh in OI so bulls addded position in range 15600-15500. FII bought 49.4 K PE and 20 K shorted PE were coverd by them. Retailers bought 35.5 K PE and 65.8 PE shorted PE were coverd by them.
  • FII’s bought 3156 cores and DII’s bought 1317 cores in cash segment.INR closed at 74.32

Buy Above 15714 Tgt 15741,15769 and 15799 (Nifty Spot Levels)

Sell Below 15666 Tgt 15636, 15601 and 15555 (Nifty Spot Levels)

Upper End of Expiry : 15813

Lower End of Expiry : 15560

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