Weekly F&O Expiry:Nifty Analysis

By | November 18, 2021 7:18 am

  • FII bought 1.2 K contract of Index Future worth 111 cores, Net OI has increased by 4.4 K contract 2.8 K Long contract were added by FII and 1.6 K Shorts were added by FII. Net FII Long Short ratio at 1.20so FII used FALL to ENTER longs and ENTER shorts.
  • As Discussed in Last Analysis   Low made today was 17958 which is gann angle support combined with Astro Date Bayer Rule 9: Big changes on market are when Mercury passes over 19 degrees 36 minutes of Scorpio and Sagittarius,also over 24 degrees 14 minutes of Capricorn. so price and time have balanced ie. price time squaring which leads to price reveral, Holding 17950 we can see reversal above 18045 for a rally towards 18101/18160/18225. Bears will get active below 17925 for a move towards 17856/17753. Bulls failed to move above 18000 and bears below 17925 now waiting for target of 17856/17753.  Bulls failed to show reversal and gann price time squaring did not work as expected but if we again go above 17958 bulls will be back, Bulls need to move above 17958 for a move towards 18045/ 18121/18225. 

  • MAX Pain is at 17900 PCR at 0.82 . Rollover @ 18190 unable to close above it.
  • Nifty Dec Future Open Interest Volume is at 0.99 Cores with liquidqtion of 1.1 Lakh with decrease in cost of carry suggesting SHORT positions were closed today.
  • There is total OI of 6.5 Cores on the Call side and 4.9 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are  in BEARISH zone.
  • The Option Table data indicates decent support at 17800 and reasonable resistance at 18000.
  • Considering the high OI accumulation at 18000 PE, there might be a visit there to see how they react. Their reaction more or less determines the weekly series outcome. Closed at 18000 today 🙂  Now Bulls will need to keep 18000 PE below 67 to induce rally 
  • FII’s sold 344 cores and DII’s sold 61 cores in cash segment.INR closed at 74.30, Todays Fall was not backed by equity selling.
  • Retailers have bought 257 K CE contracts and 216 K CE contracts were shorted by them on Put Side Retailers bought 92  K PE contracts and 77 K PE contracts were shorted by them suggesting having BULLISH outlook,On Flip Side FII bought 12.7 K CE contracts and 18 K CE were shorted by them, On Put side FII’s bought 8.8 K PE and 23.4 K shorted  PE was shorted by them suggesting they have a turned to BULLISH Bias.
  • In Last 2 trading sessions FII’s have bought Options worth 5.3 K Cores and today Options OI have increased by 68 K contracts suggesting we should see good trending move in next 2 trading sessions. So we got big fall and today FII’s have booked Options worth 2.2 K cores in Options.
  • For Positional Traders Stay long till we are holding Trend Change Level 17976 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 17963 will act as a Intraday Trend Change Level.

Buy Above 17916 Tgt 17950, 17985 and 18040 (Nifty Spot Levels)

Sell Below  17870 Tgt 17844, 17816 and 17790 (Nifty Spot Levels)

Upper End of Expiry : 18038

Lower End of Expiry : 17758

As always I wish you maximum health and trading success

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