Aug Monthly F&O Expiry:Nifty Analysis

By | August 25, 2021 9:30 pm

  • FII bought 1.4 K contract of Index Future worth 78 cores, Net OI has increased by 23.7 K contract 12.6 K Long contract were added by FII and 11.1 K Shorts were added by FII. Net FII Long Short ratio at 1.77 so FII used rise to enter longs and enter shorts.
  • As discussed in  Last Analysis 1 Bullish target done, Sun Ingress Confirmed bottom and Bayers date gave mometum when 2 Astro Date come together we generally gets big move in market. Now Bulls need to hold  16570 for a move back to 16682/16740/16830. Bears will get chance only below 16530 for a move back to 16460/16400/16323. Bulls were able to do 16682 target on upside made a new life high, Now bulls need to hold 16610-16600 range for upmove to continue towards 16688/16753/16817. Today we have Moon Declination suggesting next 2 days we will get another big move. Bears will get acive below 16583 for a move towards 16519/16454/16390

  • Total Future & Option trading volume at 60.2 Lakh core with total contract traded 1.49 lakh , PCR @0.98
  • Nifty Sep Future Open Interest Volume is at 0.93 Cores with addition of 36.8 Lakh with decrease in cost of carry suggesting LONG position were closed today, NF Rollover cost @15791 closed above it. 
  • 16700 CE is having Highest OI at 67.5 Lakh, resistance at 16700 followed by 16800. 16700-16800 CE added 28.4 Lakh in OI so bears added in range of 16600-16700.FII bought 28.4 K  CE and 23.5 K CE were shorted by them. Retailers bought 318 K CE and 237 K CE were shorted by them.
  • 16500 PE OI@23.4 Lakhs having the highest OI strong support at 16500 followed by 16400. 16400-16500 PE added 12 Lakh in OI so bulls addded position in range 16300-16400. FII bought 28.9 K PE and 9.8 K PE were shorted by them. Retailers sold 26.3 K PE and 15.1K PE were shorted by them.
  • FII’s sold 1071  cores and DII’s bought 151 cores in cash segment.INR closed at 74.28

Buy Above 16666 Tgt 16692, 16721 and 16749 (Nifty Spot Levels)

Sell Below 16610 Tgt 16570, 16535 and 16500 (Nifty Spot Levels)

Upper End of Expiry : 16752

Lower End of Expiry : 16517

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