Nifty Oct Monthly Expiry Analysis

• FII sold 22.7 K caontract of Index Future worth 1905 cores, Net OI has increased by 20.7 K contract, 1 K Long contract were covered by FII and 21.7 K Shorts were added by FII. Net FII Long Short ratio at 0.89 So FII used fall to exit longs and enter shorts.

• As Discussed in Last Analysis As tommrow is very important Astro Date suggesting another big move will  be seen in next 2 trading sessions. Bulls need to move above 11920 for a move back to 11966/12018/12078. Bears below 11810 will be back to 11775/11721/11666/11610. We saw the effect of Astro date and once 11810 broken 2 target down on downside. Now Bears need to break 11666 for a move back to 11610/11555/11485. Bulls will get active above 11755 for a move back to 11800/11843 /11910.

• Intraday time for reversal can be at 9:56/10:51/11:36/12:27/1:25/2:06/2:55 How to Find and Trade Intraday Reversal Times
  

• Total Future & Option trading volume at 29.5 Lakh core with total contract traded 1.97 lakh , PCR @0.91

• Nifty Nov Future Open Interest Volume is at 0.67 Cores with addition of 20.4 Lakh with increase in cost of carry suggesting short position were added today, NF Rollover cost @11170 above it.

• 11800 CE is having Highest OI at 50 Lakh, resistance at 11800 followed by 11900.11800-12000 CE added 25 Lakh in OI so bears added in range of 11800-11900.FII bought 6.7 K CE and 28.4 K CE were shorted by them. Retailers bought 288 K CE and 157 K CE were shorted by them.

• 11600 PE OI@36 Lakhs having the highest OI strong support at 11600 followed by 11500. 11500-11600 PE added 29  Lakh in OI so bulls addded position in range 11600-11700.FII bought 17.3 K PE and 20.3 K PE were shorted by them. Retailers sold 88.4 K PE and 46 K shorted PE were covered by them.

• FII’s sold 1130  cores and DII’s bought 1.48 cores in cash segment.INR closed at 74.07
  

• Nifty Futures Trend Deciding level is 11779 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 11660 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy Above 11755 Tgt 11781,11810 and 11843(Nifty Spot Levels)

Sell Below 11666 Tgt 11633,11585 and 11523 (Nifty Spot Levels)

Upper End of Expiry :11808

Lower End of Expiry :11523

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