Nifty Weekly F&O Expiry Analysis

By | December 8, 2021 10:00 pm

  • FII bought 6.6 K  contract of Index Future worth 594 cores, Net OI has decreased by 688  contract 2.9 K Long contract were added by FII and 3.6 K Shorts were covered by FII. Net FII Long Short ratio at 2.6 so FII used RISE to ENTER longs and EXIT Shorts.
  • As discussed in Last Analysis   Bayers Rule again helped in capturing the big move and Nifty again bounced from gann angle 1×1 line as shown in below chart. Now for swing traders Bulls need to move above 17217 for a move towards 17281/17346/17411. Bears will get active below 17118 for a move towards 17052/16987. Try to trade 30 mins after RBI Policy comes out do not stuck on any one side in volatile session.  RBI turned out to be non event but we got the rally based on bayers date and today with gap up did all target on upside. As Venus goes ingress tommrow so again it will have impact on Nifty. Bulls need a close above this range  of 17501-17576 for rally towards 17814/18000.Bears will have chance below 17322 only for a fall towards 17176/17027. Use Range of 17501-17576 to ligten up longs taken at lower levels. 

  • MAX Pain is at 17400 PCR at 0.91 massive shift in max pain of 150 points, and PCR is in Bullish zone of 0.91 Nifty Rollover cost @ 17538– Watch out for 17538 tommrow. 
  • Nifty Dec Future Open Interest Volume is at 1.10 Cores with liquidation of 2.5 Lakh with decrease in cost of carry suggesting LONG positions were closed today.
  • There is total OI of 6 Cores on the Call side and 6.7 Cores on the Put side, So, the activity is more on the PUT side, indicating option writers are  in BULLISH zone.
  • FII’s have been buying Options from last 2 trading session before RBI event they will try to go for directional trade so that maximum damage can be caused to maximum players. So… As the Jedi says “May The Force Be With You” 🙂 — FII have sold options worth 7824 cr suggesting we can have dull expiry tomorrow. 
  • The Option Table data indicates decent support at 17300 and reasonable resistance at 17600.
  • FII’s sold 2279 cores and DII’s bought 1735 cores in cash segment.INR closed at 75.61
  • Retailers have sold 179 K CE contracts and 134 K shorted CE contracts were covered by them on Put Side Retailers bought 490 K PE contracts and 360 K PE contracts were shorted by them suggesting having BEARISH outlook,On Flip Side FII sold 12.9 K CE contracts and 29 K shorted CE were added by them, On Put side FII’s bought 6.8 K PE and 46.7 K PE were shorted by them suggesting they have a turned BULLSIH  to Bias.
  • The most obvious is the most deceiving in stock markets. Be cautious if you are Short,Remember trading is a game played on perceptions. — Worked Perfectly 
  • For Positional Traders Stay long till we are holding Trend Change Level 17256 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 17458 will act as a Intraday Trend Change Level.

Buy Above 17501 Tgt 17540, 17576 and 17600 (Nifty Spot Levels)

Sell Below 17444 Tgt 17400, 17377 and 17343 (Nifty Spot Levels)

Upper End of Expiry : 17626

Lower End of Expiry : 17311

As always I wish you maximum health and trading success

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