Weekly F&O Expiry:Nifty Analysis

By | October 6, 2021 9:30 pm

  • FII sold 6.3 K contract of Index Future worth 580 cores, Net OI has decreased by 8.6 K contract 600 Long contract were covered by FII and 2.2 K Shorts were covered by FII. Net FII Long Short ratio at 1.13 so FII used rise to exit longs and exit shorts.
  • As discussed in Last Analysis  3 important astro events are happening tommrow Mars YOD Uranus Key Turning Point Uranus effects short term prices when in aspect to inner planets and Moon Conjunct Mars 2 Important Aspects are forming and PLuto is changing sign to Caprocion they should have good Impacts on Market. Swing Shorts can be initiated below 17700 for a move towards 17633/17567. Swing Longs can be initiated below 17851 for a move towards 17918/17985/18048. Bulls got whipsawed above 17851 and bears were able to do 17633 o downside  and we also saw the impact of Mars created havoc in market. Now Bulls need to move above 17679 for a move towards 17746/17812/17879. Bears will get active below 17618 for a move towards 17551/17485/17419.

  • MAX Pain is at 17700 PCR at 0.98 Rollover Price is at 17761 OI Breakout zone 17604 today low 17603. 
  • Nifty Oct Future Open Interest Volume is at 1.28 Cores with addition of 7.7 Lakh with decrease in cost of carry suggesting LONG positions were added today.
  • There is total OI of 7 Cores on the Call side and 4 Cores on the Put side. More OI on CALL side suggesting BEARISH  sentiment in market players.
  • The Option Table data indicates decent support at 17500 and reasonable resistance at 17800. FII are buying more options than writing them,almost bought 8000 cores worth of options and we got a trending move as expected.
  • Last Expiry happned on 17618 and today we have closed at 17646 still trading above expiry level and also we have formed an outside bar pattern. if we start trading below 17599 for 30 mins we can see a fast decline else rally back to 17800 is possiblity. 
  • Retailers have bought 694 K CE contracts and 535 K CE contracts were shorted by them on Put Side Retailers sold 216 K PE contracts and 91 K shorted PE contracts were covered by them suggesting having NEUTRAL outlook,On Flip Side FII bought 40.1 K CE contracts and 52 K CE were shorted by them, On Put side FII’s bought 43.7 K PE and 18.7 K PE were shorted by them suggesting they have a turned to BEARISH Bias.
  • FII sold 802 crore and DII sold 998  cores. USD Closed at 75.20
  • For Positional Traders Stay long till we are holding Trend Change Level 17637 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 17744 will act as a Intraday Trend Change Level.

Buy Above 17680 Tgt 17714, 17748 and 17777 (Nifty Spot Levels)

Sell  Below  17610  Tgt 17585, 17555 and 17525 (Nifty Spot Levels)

Upper End of Expiry : 17806 

Lower End of Expiry : 17485 

2 thoughts on “Weekly F&O Expiry:Nifty Analysis

  1. Rajiv Varma

    Sir, MAX Pain is at 17700 PCR at 0.98………Max pain is based on monthly or weekly option , and how is the PCR of 0.98 based on ? Is the PCR of this strike . Is the PCR again on monthly or weekly . Pl clarify.

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