Nifty Weekly Expiry Analysis

By | April 10, 2019 9:05 pm

  • FII’s sold 14.7 K contract of Index Future worth 1169 cores 9.3 K Long contract were covered by FII’s and 5,4 K Short contracts were added by FII’s. Net Open Interest increased  by 11.8 K contract, so rise in Nifty was used by FII’s to enter long and enter short in  Index futures.FII’s Long to Short Ratio at 1.96. Trading Psychology: Cutting Winning Trades Short
  • As Discussed in Last Analysis Break of  11710 can see move towards 11760/11810/11888. Break of Low 11549 can see move towards 11494/11441. Another Big move can be seen in next 2 days. Intraday level mentioned worked perfectly as we did almost all 3 target on downside,Now Bulls need to move above 11621 for a move back to 11666/11710.Bears will get active below 11549 for a move towards 11494/11441. Bank Nifty Weekly Expiry Analysis

  • Nifty April Future Open Interest Volume is at 1.56 core with liquidation of 1.8 Lakh with  decrease in  cost of carry suggesting long position were closed today, NF Rollover cost @11537.
  • Total Future & Option trading volume at 11.59  Lakh core with total contract traded at 1.06 lakh , PCR @0.86
  • 11800 CE  is having Highest OI  at 19.9 Lakh, resistance at 11700  followed by 11800 .11000-11800 CE added 4.6 Lakh in OI so bears added position in range of 11600-11800. FII bought 211 K CE and 101 K CE were shorted by them. Retail bought 11.5 K CE and 10 K CE were shorted by them
  • 11500 PE OI@23.2  Lakhs having the highest OI strong support at 11500 followed by 11400 . 11000-11600 PE added 0.08 Lakh in OI so bulls added position in range 11300-11400 PE.FII bought 19.1 K PE and 16.1 K PE were shorted by them. Retail sold 68.9 K PE and 23.9 K shorted PE were covered by them.

Buy above 11615  Tgt 11635,11652 and 11670 (Nifty Spot Levels)

Sell below 11569 Tgt 11545,11521 and 11490 (Nifty Spot Levels)

Upper End of Expiry : 11712

Lower End of Expiry : 11456

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