Weekly F&O Expiry: Nifty Analysis

By | July 14, 2021
  • FII bought 3.3 K contract of Index Future worth 277 cores, Net OI has increased by 3.9 K contract 3.6 K Long contract were added by FII and 298 Shorts were added by FII. Net FII Long Short ratio at 2.42 so FII used rise to enter longs and enter shorts.
  • As Discussed in Last Analysis  Low made was 15744 so bulls were able to make entry 15790,waiting for target of 15883/15946. Now its time to be cautious on long side as today “Bayer Rule 2: Trend goes down within 3 days when the speed difference between Mars and Mercury is 59 minutes. Leads to Big Move ” is active and we have also completed 99 bars from 16 Feb Top As Both Astro and Gann Cycle are coming also we formed NR7 pattern today so we can see some downmove in market in next few trading sessions.Bears will get active below 15743 for a move back to 15685/15610/15555. We have discussed the importance of Gann and Astro cycle in below video and discussed the plan also. Till Bulls are holding 15821 rally can continue towards 15946/16009. Bears will get active below 15816 for a move back to 15761/15714/15666.
  • Total Future & Option trading volume at 47.1 Lakh core with total contract traded 0.94 lakh , PCR @0.92
  • Nifty July Future Open Interest Volume is at 0.95 Cores with addition of 2.2 Lakh with decrease in cost of carry suggesting SHORT position were add today, NF Rollover cost @15794 closed above it. 
  • 15900 CE is having Highest OI at 55.9 Lakh, resistance at 15900 followed by 16000. 15800-16000 CE added 12 Lakh in OI so bears added in range of 15900-16000. FII sold 3.8 K CE and 3.3 K shorted CE were covered by them. Retailers bought 41.3 K CE and 32.1 K shorted CE were covered  by them.
  • 15800 PE OI@59 Lakhs having the highest OI strong support at 15800 followed by 15700. 15600-15800 PE added 22 Lakh in OI so bulls addded position in range 15700-15800. FII bought 22.1 K PE and 19.8 K PE were shorted by them. Retailers bought 101 K PE and 103 K PE were shorted by them.
  • FII’s sold 1303  cores and DII’s bought 1335 cores in cash segment.INR closed at 74.66

Buy Above 15880 Tgt 15900,15925 and 15958 (Nifty Spot Levels)

Sell Below 15830 Tgt 15810, 15786 and 15749 (Nifty Spot Levels)

Upper End of Expiry : 15958

Lower End of Expiry : 15749

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