Weekly F&O Expiry:Nifty Analysis

By | September 15, 2021 9:30 pm

  • FII  bought 2 K contract of Index Future worth 170 cores, Net OI has increased by 5 K contract 3.5 K  Long contract were added by FII and 1.5 K Shorts were added by FII. Net FII Long Short ratio at 1.53 so FII used fall to enter longs and enter shorts.
  • As Discussed in Last Analysis  Nifty opened above 17400 and made high of 17438 but closed below 17400 so whipsaw for bulls  we have formed NR7 pattern in nifty also. Bulls need to break 17400 for a move towards 17444/17508/17576. Bears will get active below 17366 for a move towards17306/17241/17175. Market will test our patience let levels come and Discipline will be rewarded. Disciplined market particpants were rewarded as 2 target done above 17400. No waiting for final target of 17576. Bulls and Bears will fight for very important level of 17576 as this level will decide the next 500 points move in Index. Bulls need to move above 17601 for upmove towards 17665/17732/17798. Bears will get active below 17466 for a move back to  17400/17334/17269.

  • A flat day. Though the trading volumes are high, not much changes are visible either in the FII activity on Nifty Future OI. It is a pause day before both the bulls and bear camps plan their next course of action. Culmination of  Astro Dates Mars going Ingress on 14 should act as a trigger for big move.  Got the big move as per expecatation. 17576 should be watched very closely now. 
  • Nifty Sep Future Open Interest Volume is at 1.51 Cores with addition of 5.6 Lakh with increase in cost of carry suggesting LONG positions were added today.
  • There is total OI of 4 Cores on the Call side and 5.32 Cores on the Put side. More OI on PUT side suggesting Bullish sentiment in market players.
  • The Option Table data indicates decent support at 17400 and reasonable resistance at 17600.
  • Retailers have sold 131 K CE contracts  and 49.6 K CE contracts were covered by them on Put Side Retailers bought 487 K PE contracts and 353 K PE contracts were shorted by them suggesting having bearish outlook,On Flip Side FII bought 68.5 K CE contracts and 28.1 K CE were shorted by them, On Put side FII’s bought 14 K PE and 38.8  K PE were shorted by them suggesting they have a turned to bullish Bias.
  • FII bought 232 crore and DII bought 167 cores. USD Closed at 73.58
  • For Positional Traders Stay long till we are holding Trend Change Level 17181 and stay short below it. That will help you stay on the side of Institutions and which has a greater risk-reward ratio. For Intraday Traders 17477 will act as a Intraday Trend Change Level. 

Buy Above 17535 Tgt 17576, 17600 and 17645 (Nifty Spot Levels)

Sell Below 17498 Tgt 17475, 17444 and 17405(Nifty Spot Levels)

Upper End of Expiry : 17645

Lower End of Expiry : 17393

One thought on “Weekly F&O Expiry:Nifty Analysis

  1. Ganapathy Subramanian

    That was awesome. 17576 made today. Thank you.

    Question – it is going to he 13 years since 2008 October crash. Does it have any significance.

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