Weekly F&O Expiry: Nifty Analysis

FII bought 10.6 K contract of Index Future worth 929 cores, Net OI has increased by 3.1 K contract 6.9 K Long contract were covered by FII and 3.7 K Shorts were added by FII. Net FII Long Short ratio at 2.7 so FII used RISE to ENTER longs and EXIT shorts.

As Discussed in Last Analysis As Mentioned in Video Mars creates the voaltality and we saw today price correcting from the top and closing below 100 DMA. Gann Angle again acted as resistance. Now Bulls need to move above 17041 can see quick move towards17106/17171/17235. Bears will get active below 16911 for a move towards 16847/16782. Low made was 17064 so bulls got entry and did all target on upside. As we have expiry tommrow and Neptune being an Outer Plannet has turned Direct today so once we are above 17213 we can see rally towards 17296/17341/17400 Bears will have chance below 17135 for a move back to 17083/17001/16934.

Intraday time for reversal can be at 10:28/11:04/12/1:24/2:27 How to Find and Trade Intraday Reversal Times

MAX Pain is at 17150 PCR at 0.96.Nifty Rollover cost @ 17538 and Rollover is at 81.8 % Highest in last 6 months.

Nifty Dec Future Open Interest Volume is at 1.17 Cores with addition of 3.8 Lakh with increase in cost of carry suggesting LONG positions were added today.

There is total OI of 5.8 Cores on the Call side and 6.6 Cores on the Put side, So, the activity is more on the PUT side, indicating option writers are in BULLISH zone.

The critical quality needed to make money in this kind of market, where trends will flip on no notice is: Extreme flexibility Be prepared to flip your positions and trades with market flavour. Risk on and risk off and Fed hawks or fed doves during the day.

The Option Table data indicates decent support at 17000 and reasonable resistance at 17300.

FII’s sold 2765 cores and DII’s bought 3467 cores in cash segment.INR closed at 75.14

Retailers have sold 103 K CE contracts and 11.3 K CE contracts were shorted by them on Put Side Retailers bought 547 K PE contracts and 460 K PE contracts were shorted by them suggesting having BEARISH outlook,On Flip Side FII bought 89.7 K CE contracts and 60.9 K CE were shorted by them, On Put side FII’s bought 75 K PE and 93 K PE were shorted by them suggesting they have a turned to BULLISH Bias.

Finally we are seeing Options Buy by FII’s suggesting range bound days are over and we should see a trending move in Nifty.

For Positional Traders Stay long till we are holding Trend Change Level 17230 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 17192 will act as a Intraday Trend Change Level.

Buy Above 17200 Tgt 17231, 17256 and 17296 (Nifty Spot Levels)