Weekly F&O Expiry:Nifty Analysis

By | September 1, 2021 10:54 pm

  • FII  sold 9.9 K contract of Index Future worth 873 cores, Net OI has decreased by 3.9 contract 6.9 K Long contract were covered by FII and 3 K Shorts were added by FII. Net FII Long Short ratio at 1.75 so FII used rise to exit longs and exit shorts.
  • As discussed in  Last Analysis  17161 is important level which bulls need to cross for upmove towards 17242/17308/17375/17440. Bears will have chance below 17034 for a quick move towards 16957/16892/16827.We are back to gann angle resistance and important gann date suggesting price time squaring and we can see reversal if 17161 is not crossed. High made was 17225 bulls failed to do target of 17242 but bears were able to close below 17161 on important time cycle date and gann resistance suggesting price time squaring, Till we are below 17161 bears can push towards 17029/16964/16899. Bulls will get active above 17185 for a move towards 17251/17317/17383.

  • Nifty Rollover cost @16623 closed above it. FII selling Options worth 4775 cr I will not be surprised if we get a ranged movement in the next two days – where option premium gets killed and we take the next move based on NFP data on Friday evening.
  • Nifty Sep Future Open Interest Volume is at 1.42 Cores with liquidation of 1.1 Lakh with decrease in cost of carry suggesting SHORT position were closed today.
  • There is total OI of 4.5 Cores on the Call side and 5 Cores on the Put side. So, the activity is more on the PUT side, indicating Option Writers are having Bullish Bias.
  • The Option Table data indicates decent support at 17100 and reasonable resistance at 17200.
  • Retailers have bought 535 K CE contracts  and Sold 394 K CE contracts on Put Side they sold 86 K PE contracts and Sold 1.3 K PE contracts suggesting having bulish outlook,On Flip Side FII bought 18 K CE contracts and 66.2 K CE contracts were added by them, On Put side FII’s sold 64.2 K PE and 42.6 K PE were covered suggesting they have a turned to neutral Bias.
  • FII bought 666  crore and DII sold 1287 cores.Equity buying is delayed cycle to the FnO cycle. First FII take long positions in FnO – Then they will start buying equities to induce a rally – and then they will start liquidating the FnO longs. Today we equity buying but again selling in Futures and Options both.
  • For Positional Traders Stay long till we are holding Trend Change Level 16877 and stay short below it. That will help you stay on the side of Institutions and which has a greater risk-reward ratio. For Intraday Traders 17143 will act as a Intraday Trend Change Level. 

Buy Above 17097 Tgt 17119, 17140 and 17183 (Nifty Spot Levels)

Sell Below 17055 Tgt 17012, 16980 and 16948 (Nifty Spot Levels)

Upper End of Expiry : 17202

Lower End of Expiry : 16949

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