Nifty Weekly Expiry Analysis

By | July 15, 2020 10:38 pm

  • FII bought 19.8 K contract of Index Future worth 1589 cores, Net OI has decreased by 11.3 K contract, 4.2 K Long contract were added by FII and 15.5 K  Shorts were covered by FII. Net FII Long Short ratio at 1.13, So FII used fall to enter  longs and exit shorts.
  •  As discussed in last analysis  We are near a very important level of 10545-10576.Bulls will get active above 10666 for a move back to 10730/10800/10850. Bears will get active below 10545 for a move back to 10500/10449/10370.Nifty opened with a gap up and did 2 target on upside but unable to hold gain and gave it all during the closing hours and formed a Double bottom.Bears will get active below 10545 for a move back to 10500/10449/10370. Bulls will get active above 10648 for a move back to 10701/10777/10827.

  • Total Future & Option trading volume at  21.50 Lakh core with total contract traded at 2.39 lakh , PCR @0.88
  • Nifty July Future Open Interest Volume is at 0.95 Cores with liquidation of 13.5 Lakh with increase in cost of carry suggesting short position were covered today, NF Rollover cost @10325 closed above it.
  • 10700 CE is having Highest OI at 31 Lakh, resistance at 10700 followed by 10800.10200-10700 CE added 36 Lakh in OI so bears added in range of 10600-10800.FII bought 14.5 K CE and 8.2 K CE were shorted by them. Retailers sold 615 CE and 3.6 K  CE were shorted by them.
  • 10500 PE OI@22 Lakhs having the highest OI strong support at 10500 followed by 10400. 10200-10600 PE added 14  Lakh in OI so bulls added position in range 10500-10600.FII bought 2.9 K PE and 13.2 K PE were shorted by them. Retailers bought 49.4 K PE and 17.3 K PE were shorted by them.
  • FII’s sold 221 cores and DII’s sold 899 cores in cash segment.INR closed at 75.24

Buy Above 10648 Tgt 10666,10690 and 10721 (Nifty Spot Levels)

Sell Below 10600 Tgt 10570,10550 and 10521 (Nifty Spot Levels)

Upper End of Expiry: 10764

Lower End of Expiry: 10472

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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