Nifty Weekly Expiry Analysis

By | February 13, 2019 10:32 pm

  • FII’s bought 6.2 K contract of Index Future worth 397 cores 10.4  K Long contract were added by FII’s and 4.1 KShort contracts were added by FII’s. Net Open Interest increased  by 14.5 K contract, so fall in Nifty was used by FII’s to enter long and enter short in  Index futures.FII’s Long to Short Ratio at 1.21. Learn How to Pull the Trigger on a Trade
  • As Discussed in Last Analysis  Bulls will get active above 10857 for a move back to 10885/10930. Bears will get active below 10810 for a move towards 10784/10730. Nifty opened with gap up and did 10885 in opening and once 10810 was broken did 10784 in downside, Bears will have upperhand till we are below 10857 and can move towards 10730/10666/10610. Bulls will get active above 10857 for a move back to 10885/10930.

  • Nifty Feb Future Open Interest Volume is at 2.22 core with addition of 0.06 Lakh with  decrease in  cost of carry suggesting short position were closed today, NF Rollover cost @10727 closed above it
  • 11000 CE  is having Highest OI  at 39 Lakh, resistance at 10900 followed by 11000 .10400-11000 CE added 5.9 lakh in OI so bears  added position in range of 10900-11000. FII sold 2.6 K CE and 3.2 K CE were shorted by them. Retail bought 95 K CE and 43.3 K CE were shorted by them.
  • 10700 PE OI@ 27.4 Lakhs having the highest OI strong support at 10700 followed by 10600 . 10500-11000 PE liquidated 5.5 Lakh in OI so bulls covered position in range 10700-10800 PE. FII bought 2 K PE and 4.5 K PE were shorted by them. Retail sold 2.5 K PE and 11.8 K PE were shorted by them.
  • Total Future & Option trading volume at 8.69 Lakh core with total contract traded at 1.07 lakh , PCR @0.86

Buy above 10820 Tgt 10843,10866 and 10890  (Nifty Spot Levels)

Sell below 10770 Tgt 10750,10730 and 10705 (Nifty Spot Levels)

Upper End of Expiry: 10882

Lower End of Expiry:10705

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Category: Nifty Weekly Expiry

About Bramesh

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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