Nifty July Expiry Analysis

By | July 24, 2019 9:15 pm

  • FII’s sold 15.3 K contract of Index Future worth 1262 cores 861 Long contract were liquidated by FII’s and 14.5 K Short contracts were added by FII’s. Net Open Interest increased  by 13 K contract, so fall  in Nifty was used by FII’s to exit long and enter short in  Index futures.FII’s Long to Short Ratio at 0.88
  • As Discussed in Last Analysis Bears will get active below 11300 for a move towards 11239/11194/11142.Bulls above 11343 can push towards 11400/11461/11525/11600.Nifty is doing Price Time Squaring if 11301 is protected. Bears got 1 target on downside below 11300, Till we are below 11300 bears have upper hand can push nifty towards 11194/11125. Bulls will get active above 11300 for a move back to 11343/11400.

  • Nifty Aug Future Open Interest Volume is at 1 core with addition of 20 Lakh with  increase in  cost of carry suggesting long position were added today, NF Rollover cost @11841 closed below it.
  • Total Future & Option trading volume at 15.69  Lakh core with total contract traded at 1.66 lakh , PCR @0.86
  • 11400 CE  is having Highest OI  at 37.6 Lakh, resistance at 11300 followed by 11400 .11300-11400 CE added 42 Lakh in OI so bears added position in range of 11300-11400.FII bought 12.1 K CE and 2.3 K CE were shorted by them. Retail bought 52.3 K CE and 28.4 K CE were shorted by them.
  • 11300 PE OI@22 Lakhs having the highest OI strong support at 11200 followed by 11300 . 11200-11400 PE liquidated 1 Lakh in OI so bulls covered position in range 11200-11300.FII sold 24.9 K PE and 2.3 K PE were shorted by them. Retail bought 31.5 K PE and 4 K PE were shorted by them.

Buy above 11283 Tgt 11310,11336 and 11363 (Nifty Spot Levels)

Sell below 11252 Tgt 11230,11200 and 11173 (Nifty Spot Levels)

Upper End of Expiry:11346

Lower End of Expiry:11196

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