Nifty Weekly Expiry Analysis

• FII sold 22.3 K contract of Index Future worth 1784 cores, Net OI has increased by 10.9 K contract 5.6 K Long contract were covered by FII and 16.6 K Shorts were added by FII. Net FII Long Short ratio at 1.07 so FII used rise to exit longs and enter  shorts.

• As Discussed in Last Analysis   Now if we are unable to close above 15836 bears can push nifty twoards 15636/15555. Bulls need to move above 15843 for a move back to 15899/15960. Bears will get active below 15681 for a move towards 15636/15555. High made was 15729 bears got perfect entry at 15681 and did all target on downside and we are down 384 points from Fridays High,Astro dates working nicely also perfect fall from gann angle  resistance as shown below. Now we have another important mercury date coming as explained in below video, Bulls need to move above 15700 for a move back to 15770/15816/15864. Bears will get active below 15630 for a move towards 15555/15485/15410.

• Intraday time for reversal can be at  9:15/10:12/11:28/1:36/2:45 How to Find and Trade Intraday Reversal Times

• Total Future & Option trading volume at 46.5  Lakh core with total contract traded 1.78  lakh , PCR @0.92

• Nifty July Future Open Interest Volume is at 0.94 Cores with addition of 3.7 Lakh with increase in cost of carry suggesting LONG position were added today, NF Rollover cost @15794 closed below it. 

• 15800 CE is having Highest OI at 50 Lakh, resistance at 15800 followed by 15900. 15800-16000 CE added 32 Lakh in OI so bears added in range of 158900-16000.FII bought 77.7  K CE and 59 K CE were shorted by them. Retailers bought 243 K CE and 209 K CE were shorted by them.

• 15500 PE OI@32 Lakhs having the highest OI strong support at 15600 followed by 15500. 15600-15800 PE added 42 Lakh in OI so bulls addded position in range 15600-15500. FII bought 33.6 K PE and 17.1 K PE were shorted by them. Retailers sold 15 K PE and 38.1 K PE were shorted by them.

• FII’s sold 2834 cores and DII’s bought 873 cores in cash segment.INR closed at 74.71 

• Nifty Futures Trend Deciding level is 15646 (For Intraday Traders). NF Trend Changer Level (Positional Traders) 15805 How to trade Nifty Futures and Bank Nifty Futures as per Trend Changer Level

Buy Above 15666 Tgt 15699, 15729 and 15764 (Nifty Spot Levels)

Sell Below 15630 Tgt 15605, 15576 and 15525 (Nifty Spot Levels)

Upper End of Expiry : 15798

Lower End of Expiry :  15581