Weekly F&O Expiry: Nifty Analysis

By | August 17, 2021 10:46 pm
  • FII sold 5.4 K contract of Index Future worth 459 cores, Net OI has decreased by 2.2 K contract 3.8 K Long contract were covered by FII and 1.6 K Shorts were added by FII. Net FII Long Short ratio at 1.85 so FII used rise to exit longs and enter shorts.
  • As discussed in  Last Analysis  We have venus Declination tommrow suggesting we could see big move in bank nifty as Venus has impact on both nifty and bank nifty. Now Bulls need to hold 16535-16555 range  for a move back to 16610/16655/16729. Bears will get active below 16499 for a move towards 16435/16377. Bulls now need to move above 16623 for a move towards 16688/16752, Bears below 16659 will see quick fall towards 16495/16430/16366.Based on Venus Declination we should see another big move in market in next 2 trading session.
  • Total Future & Option trading volume at 54.5 Lakh core with total contract traded 1.1 lakh , PCR @0.97
  • Nifty August Future Open Interest Volume is at 1.32 Cores with liqudiation of 2.6 Lakh with decrease in cost of carry suggesting LONG position were closed today, NF Rollover cost @15791 closed above it. 
  • 16600 CE is having Highest OI at 17.4 Lakh, resistance at 16600 followed by 16700. 16500-16700 CE added 22 Lakh in OI so bears added in range of 16400-16500.FII bought 76.4 K  CE and 25.9 K CE were shorted by them. Retailers bought 186 K CE and 182 K CE were shorted by them.
  • 16500 PE OI@16.7 Lakhs having the highest OI strong support at 16500 followed by 16400. 16200-16400 PE added 22 Lakh in OI so bulls addded position in range 16300-16400. FII bought 19.7 K PE and 22.4 K PE were shorted by them. Retailers sold 45.8 K PE and 99.1 K PE were shorted by them.
  • FII’s sold 343 cores and DII’s bought 266 cores in cash segment.INR closed at 74.43

Buy Above 16623 Tgt 16660, 16696 and 16729  (Nifty Spot Levels)

Sell Below 16597 Tgt 16562, 16530 and 16498 (Nifty Spot Levels)

Upper End of Expiry : 16731

Lower End of Expiry : 16498

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