Weekly F&O Expiry: Nifty Analysis

By | July 1, 2021
  • FII bought 5.7 K contract of Index Future worth 446 cores, Net OI has increased by 6.2 K contract 5.9 K Long contract were added by FII and `268 Shorts were added by FII. Net FII Long Short ratio at 2.9 so FII used fall to enter longs and enter shorts so longs entered and shorts entered in the system.
  • As Discussed in Last Analysis  15714-15729  is important zone which bears need to break for downside mometum to come towards 15657/15591. Bulls need to move above 15780 for a rally towards 15824/15880/15940. We have monthly close tommrow so should trending move in next 2 trading sessions. Bulls were able to do 1 target on upside and able to close within the support zone of 15714-15729. As MERCURY LATITUDE HELIOCENTRIC at 7 degree suggesting big move should be seen once 15773 broken on upside or 15696 broken on downside.Bulls need to move above 15773 for a rally towards 15804/15888/15943. Bears will get active below 15696 for a move towards 15636/15555.
  • Total Future & Option trading volume at 50.5  Lakh core with total contract traded 1.34  lakh , PCR @0.88
  • Nifty July Future Open Interest Volume is at 0.96 Cores with addition of 2.2 Lakh with decrease in cost of carry suggesting LONG position were added today, NF Rollover cost @15794 closed above it. 
  • 15800 CE is having Highest OI at 22.6 Lakh, resistance at 15800 followed by 15850. 15800-16000 CE added 24 Lakh in OI so bears added in range of 15900-16000. FII bought 76 CE and 3.6 K shorted CE were covered by them. Retailers bought 109 K CE and 101 K CE were shorted by them.
  • 15700 PE OI@22.4 Lakhs having the highest OI strong support at 15700 followed by 15600. 15500-15700 PE added 22 Lakh in OI so bulls addded position in range 15600-15700.FII sold 7.3 K PE and 4.8 K shorted PE were covered  by them. Retailers bought 44.8 K PE and 55.9 K PE were shorted by them.
  • FII’s sold 1646  cores and DII’s bought 1520 cores in cash segment.INR closed at 74.52

Buy Above 15743 Tgt 15773,15800 and 15828 (Nifty Spot Levels)

Sell Below 15696 Tgt 15673, 15636 and 15613 (Nifty Spot Levels)

Upper End of Expiry : 15828

Lower End of Expiry : 15613

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