Weekly F&O Expiry:Nifty Analysis

By | August 12, 2021 7:01 am
  • FII sold  11 K contract of Index Future worth 905  cores, Net OI has decreased by 5.1 K contract 8 K Long contract were covered by FII and 2.9 K Shorts were added by FII. Net FII Long Short ratio at 1.71 so FII used fall to exit longs and enter shorts.
  • As discussed in  Last Analysis  Till we are holding 16281 bulls can rally towards  16332/16396/16461/16554. Bears will again get active below 16225 for a move back to 16141/16078/16015.  Today we are Mercury going to Virgo in evening and Mars Sqaure North Node or Rahu suggesting big trending move should be seen either today or tommrow.  Buls did 1 target on upsdie with gap up bears did 1 target on downside and again we closed above 16281,Till we are holding 16281 bulls can rally towards  16332/16396/16461/16554. Bears will again get active below 16250 for a move back to 16185/16112/16066. 
  • Total Future & Option trading volume at 61.2 Lakh core with total contract traded 1.45 lakh , PCR @0.96
  • Nifty August Future Open Interest Volume is at 1.22 Cores with liquidation of 5.2 Lakh with decrease in cost of carry suggesting SHORT position were closed today, NF Rollover cost @15791 closed above it. 
  • 16300 CE is having Highest OI at 57.5 Lakh, resistance at 16300 followed by 16400. 16000-16300 CE added 22 Lakh in OI so bears added in range of 16200-16300.FII bought 20.3 K  CE and 19 K CE were shorted by them. Retailers bought 258 K CE and 252 K CE were shorted by them.
  • 16200 PE OI@45.2 Lakhs having the highest OI strong support at 16200 followed by 16100. 16000-16200 PE added 22 Lakh in OI so bulls addded position in range 16000-16100. FII bought 8 K PE and 3.5 K shorted PE were covered by them. Retailers bought 31.3 K PE and 54.4 K  PE were shorted by them.
  • FII’s bought 238 cores and DII’s bought 206 cores in cash segment.INR closed at 74.54

Buy Above 16282 Tgt 16323, 16350 and 16391 (Nifty Spot Levels)

Sell Below 16250 Tgt 16225, 16200 and 16162 (Nifty Spot Levels)

Upper End of Expiry : 16391

Lower End of Expiry : 16173

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