NIFTY F&O Data Analysis for Oct Monthly Expiry

By | October 28, 2021 8:56 am

  • FII sold 27 K contract of Index Future worth 2562 cores, Net OI has increased by 19.2 K contract 3.9 K Long contract were covered by FII and 23.1 K Shorts were added by FII. Net FII Long Short ratio at 0.99 so FII used FALL to EXIT longs and ENTER shorts.
  • As discussed in Last Analysis   We had a perfect bounce fro angel and as Discussed in Twitter above 18169 we did 2 targetes now waiting for 18372/18440/18508 till we are holding 18237. Lunar Cycle played an important role in todays Rise. Bears will have chance below 18199 for a move towards 18141/18068. It will be exciting day today as Moon Opposition Saturn today and its very important short term cycle so watch out for first 15 mins High and low it will decide the trend for the day. Bulls need a close above 18256 today for a move towards 18312/18377/18440. Bears will get active below 18206 for a move towards 18139/18072.

  • MAX Pain is at 18200 PCR at 0.91.Slightly surprising because with a fall, generally PCR has to decrease.Was fall was just to trap short for expiry day will know today.
  • Nifty Dec Future Open Interest Volume is at 0.48 Cores with addition of 17.4 Lakh with decrease in cost of carry suggesting LONG positions were added today.
  • There is total OI of 10.2 Cores on the Call side and 9.6 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are still  in Bearish zone.
  • The Option Table data indicates decent support at 18100 and reasonable resistance at 18400.
  • Nifty bounced from 17968 and yesterday saw a profit booking after 375 point rally with Crude coming down and lot of IPO’s coming it will have positive impact. Bears think now every rise is getting sold into , Bulls are bears have equally convincing arguments. The certainty of their conclusions is what causes the uncertainty perhaps.
  • FII’s sold 1913 cores and DII’s bought 472 cores in cash segment.INR closed at 75.30
  • Retailers have bought 519 K CE contracts and 342 K CE contracts were shorted by them on Put Side Retailers sold 97 K PE contracts and 13 K PE contracts were shorted by them suggesting having BULLISH outlook,On Flip Side FII bought 64.3 K CE contracts and 76.6 K shorted CE were covered by them, On Put side FII’s bought 33 K PE and 7.7 K PE were shorted  by them suggesting they have a turned to NEUTRAL Bias.
  • For Positional Traders Stay long till we are holding Trend Change Level 18039 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 18290 will act as a Intraday Trend Change Level.

Buy Above 18225 Tgt 18255, 18280 and 18323 (Nifty Spot Levels)

Sell Below  18168 Tgt 18140, 18110 and 18070 (Nifty Spot Levels)

Upper End of Expiry : 18371

Lower End of Expiry : 18050

As always I wish you maximum health and trading success

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