Nifty Weekly Expiry Analysis

By | August 12, 2020 11:25 pm

  • FII sold 15.9 K contract of Index Future worth 1163 cores, Net OI has decreased by 5.8 K contract, 5 K Long contract were covered by FII and 10.9 K Shorts were added by FII. Net FII Long Short ratio at 1.08, So FII used fall to exit longs and enter shorts.
  •  As discussed in last analysis  Now Bulls need to hold 11300-11290 range for rally to continue towards 11365/11400/11444. Bears will active below 11255 for a move back to 11215/11145. Bulls were able to hold 11300-11290 range so can head towards 11365/11400/11444 Also tommrow we have Venus at Greatest Elong suggesting suggesting big move will come. Bears will get active below 11260 for a move back to 11211/11185.

  • Total Future & Option trading volume at 16.67 Lakh core with total contract traded at 1.31 lakh , PCR @0.89
  • Nifty Aug Future Open Interest Volume is at 1.04 Cores with addition of 2.33 Lakh with decrease in cost of carry suggesting short position were added today, NF Rollover cost @11197 closed above it.
  • 11400 CE is having Highest OI at 36 Lakh, resistance at 11400 followed by 11500.11200-11400 CE added 21 Lakh in OI so bears added in range of 11350-11450.FII bought 6.5 K CE and 3.6K CE were shorted by them. Retailers bought 94.5 K CE and 68.2 K  CE were shorted by them. 
  • 11200 PE OI@32 Lakhs having the highest OI strong support at 11200 followed by 11000. 11000-11300 PE added 21  Lakh in OI so bulls covered position in range 11200-11200.FII bought 9.5 K PE and 2.2 K PE were shorted by them. Retailers bought 96.8 K PE and 85.7 K PE were shorted by them.
  • FII’s bought 351 cores and DII’s sold 939 cores in cash segment.INR closed at 74.89

Buy Above 11343 Tgt 11370,11395 and 11424 (Nifty Spot Levels)

Sell Below 11281 Tgt 11260,11238 and 11210 (Nifty Spot Levels)

Upper End of Expiry :11431

Lower End of Expiry :11185

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