Weekly F&O Expiry:Nifty Analysis

By | June 16, 2021 10:48 pm
  • FII sold 5.6 K contract of Index Future worth 586 cores, Net OI has decreased by 3.3 K contract 4.4 K Long contract were covered by FII and 1.1 K Shorts were added by FII. Net FII Long Short ratio at 2.5 so FII used rise to exit longs and enter shorts so longs were exited and small shorts entered in the system.
  • As Discussed in Last Analysis We formed bottom as price broke the days high of astro date Now for mometeum to continue on upside bulls need to break 15901 for a move towards 15960/16020/16087. Bears have there chance only below 15811 for a move towards 15777/15729/15666.Bulls again failed to give follow upmove above 15901 and gann angle as shown below as high made today was 15881, Bears got the chance did only 1 target on downside in slow moving market. Now Bears need to move below 15740 for a move back to  15666/15610. Bulls will get active above 15813 for a move towards 15881/15943/16001. 
  • Total Future & Option trading volume at 44.2 Lakh core with total contract traded 0.93 lakh , PCR @0.95
  • Nifty June Future Open Interest Volume is at 1.07 Cores with liquidation of 1.34 Lakh with increase in cost of carry suggesting LONG position were closed today, NF Rollover cost @15296 closed above it. 
  • 15900 CE is having Highest OI at 33.5 Lakh, resistance at 15900 followed by 16000. 15900-16000 CE added 24 Lakh in OI so bears added in range of 15900-16000. FII bought 35 K CE and 44.8 K CE were shorted by them. Retailers bought 333 K CE and 237 K CE were shorted by them.
  • 15700 PE OI@32 Lakhs having the highest OI strong support at 15700 followed by 15600. 15700-15600 PE added 32 Lakh in OI so bulls addded position in range 15600-15700. FII bought 38.1 K PE and 11.1 K PE were shorted by them. Retailers sold 88.7 K PE and 8.2 Kshorted PE were covered by them.
  • FII’s sold 870 cores and DII’s sold 874 cores in cash segment.INR closed at 73.41

Buy Above 15782  Tgt 15811,15848 and 15885 (Nifty Spot Levels)

Sell Below 15740 Tgt 15714, 15685 and 15666(Nifty Spot Levels)

Upper End of Expiry : 15889

Lower End of Expiry : 15644

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