Monthly F&O Expiry :Nifty Analysis

  • FII sold 1.9 K  contract of Index Future worth 166 cores, Net OI has increased by 21.5 K contract 9.7 K Long contract were added by FII and 11.7 K Shorts were added by FII. Net FII Long Short ratio at 1.16  so FII used RISE to ENTER longs and ENTER shorts.
  • As Discussed in Last Analysis Today Important bayers rule got activated which is Bayer Rule 6: The price is in bottom when Mars was in 16 degrees 35 minutes of some sign and plus 30 degrees. So once we move above todays high 17576 rally can contiue till 17632/17700/17762 Bears will get active below 17424 for a move towards 17385/17296/17220. As discussed on Twitter 17576 played the role and we did 17385 on downside. Now as we have expiry tommrow and price has again got rejected from gann angles we can see an explosive expiry as Mercury is moving in Sagittarius. Bears will get active below 17347 for a move towards 17270/17204/17139. Bulls will get active above 17468 for a move towards 17534/17600.

  • MAX Pain is at 17500 PCR at 0.91.
  • Nifty Dec Future Open Interest Volume is at 0.75 Cores with addition of 25.3 Lakh with decrease in cost of carry suggesting SHORT positions were closed today.
  • There is total OI of 8.5 Cores on the Call side and 6.3 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are  in BEARISH zone.
  • The Option Table data indicates decent support at 17300 and reasonable resistance at 17600.
  • Retailers bought 256 K CE contracts and 223 K CE contracts were shorted by them on Put Side Retailers bought 144 K PE contracts and 151 K PE contracts were shorted by them suggesting having BULLISH outlook,On Flip Side FII bought 1.4 K CE contracts and 14.2 K CE were shorted by them, On Put side FII’s bought 6.6 K PE and 14.2 K PE was bought by them suggesting they have a turned to BEARISH Bias.
  • FII’s sold 5122 cores and DII’s bought 3809 cores in cash segment.INR closed at 74.44
  • Remember, the people in pain, will be subjected to more pain during expiry. So, this month, bulls are in pain, and there might be more pain for them on expiry. As Last Month Expiry was at 17857 and now we are trading at 17415 For this assumption to change, look for a move above 17500 which is max pain level.
  • FII have been relentlessly selling in equities. They have net sold approximately 23 K crore so far this month. From 16th November, till date, not even one day did they buy equities.
  • For Positional Traders Stay long till we are holding Trend Change Level 17568 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 17522 will act as a Intraday Trend Change Level.

Buy Above 17435 Tgt 17456, 17477 and 17500 (Nifty Spot Levels)

Sell Below  17370 Tgt 17343, 17320 and 17300 (Nifty Spot Levels)

Upper End of Expiry : 17570

Lower End of Expiry : 17259

As always I wish you maximum health and trading success

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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