Weekly F&O Expiry:Nifty Analysis

By | August 5, 2021 7:21 am
  • FII bought 2.4 K contract of Index Future worth 212 cores, Net OI has decreased by 3.3 K contract 456 Long contract were covered by FII and 2.8 K Shorts were covered by FII. Net FII Long Short ratio at 2.37 so FII used rise to v longs and cshorts.
  • As discussed in  Last Analysis Low made was 15914 so bulls had upper hand and with Saturn Aspect and Mercury Superioer Conjuction multiple Astro event added fuel to fire and we got the big move completing all target on upside.Now Bulls need to hold 16107-16097 level for the upmove to continue till 16170/16234/16298/16362. Bears will get active below 16043 for a move back to 15980/15917/15854.3 Bullish target done and price is back to gann angle resistance as shown in below Gann Chart, Now Bulls need to protect 16212 for upmove to continue towards 16307/16385. Bears will get active below 16196 for a fall towards 16127/16080.
  • Total Future & Option trading volume at 47.1 Lakh core with total contract traded 1.46 lakh , PCR @0.87
  • Nifty August Future Open Interest Volume is at 1.17 Cores with addition of 0.92 Lakh with increase in cost of carry suggesting LONG position were added today, NF Rollover cost @15791 closed above it. 
  • 16300 CE is having Highest OI at 25.6  Lakh, resistance at 16300 followed by 16400. 16000-16300 CE added 22 Lakh in OI so bears added in range of 16100-16200.FII bought 19.3 K  CE and 42.2 K CE were shorted by them. Retailers bought 102 K CE and 52.4 K CE were shorted by them.
  • 16100 PE OI@18.2 Lakhs having the highest OI strong support at 16100 followed by 16000. 16000-16100 PE added 42 Lakh in OI so bulls addded position in range 16000-16100. FII bought 24.8 K PE and 54.4 K PE were shorted by them. Retailers bought 124 K PE and 93.3 K PE were shorted by them.
  • FII’s bought 2828 cores and DII’s sold 411 cores in cash segment.INR closed at 74.35

Buy Above 16270 Tgt 16300, 16323 and 16370 (Nifty Spot Levels)

Sell Below 16233 Tgt 16200, 16170 and 16120 (Nifty Spot Levels)

Upper End of Expiry : 16370

Lower End of Expiry : 16145

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