Weekly F&O Expiry:Nifty Analysis

By | September 22, 2021 9:30 pm

  • FII  sold 10.7 K contract of Index Future worth 958 cores, Net OI has decreased by 6.2 K contract 8.4 K  Long contract were covered by FII and 2.2 K Shorts were added by FII. Net FII Long Short ratio at 1.37 so FII used fall to exit longs and enter shorts.
  • As Discussed in Last Analysis  Shorts got whipsawed below 17358 but bulls were able to get the 1 target on upside, 17559 will play a crucial role tommrow. Bulls need to move above 17590 for a move back to 17656/17723/17789. Bears will get active below 17525 for a quick move towards 17461/17365/17329.Bears unable to break and sustain below 17525 but bullls got whipsawed as unable to do target above 17590. It was a low range day with voaltile move, Nifty paused before crucial FOMC Meet. As we have 2 major event tommrow Autumnal Equinox  and Venus in Oppostion wtih Uranus first 15 mins high and low will decide the trend of the market.Bulls need to move above 17590 for a move back to 17656/17723/17789. Bears will get active below 17525 for a quick move towards 17461/17365/17329.

  • MAX Pain is at 17550 PCR at 0.88,PCR below 0.9 and above 1.3 lead to trending moves, and in between leads to range bound markets.
  • Nifty Sep Future Open Interest Volume is at 1.26 Cores with liquidation of 1.8 Lakh with increase in cost of carry suggesting LONG positions were closed today.
  • There is total OI of 5.36 Cores on the Call side and 4.51 Cores on the Put side. More OI on CALL side suggesting Bearish sentiment in market players. FII bought high amount of options in the last 2 days – The volume is generally on the higher side negating the possibility of sideways movement we can see explosive expiry tommrow.
  • The Option Table data indicates decent support at 17400 and reasonable resistance at 17700.
  • Retailers have bought 191 K CE contracts  and 162 K CE contracts were shorted by them on Put Side Retailers bought 63.5 K PE contracts and 105 K PE shorted contracts were added by them suggesting having BULLISH outlook,On Flip Side FII bought 48.3 K CE contracts and 39.9 K CE were shorted by them, On Put side FII’s bought 36.9 K PE and 10.8 K PE were shorted by them suggesting they have a turned to neutral Bias.
  • FII sold 1943 crore and DII bought 1850 cores. USD Closed at 73.92
  • For Positional Traders Stay long till we are holding Trend Change Level 17278 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 17571 will act as a Intraday Trend Change Level. 

Buy Above 17590 Tgt 17620, 17656 and 17699 (Nifty Spot Levels)

Sell Below 17525 Tgt 17488, 17452 and 17400 (Nifty Spot Levels)

Upper End of Expiry : 17698

Lower End of Expiry : 17395

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