Weekly F&O Expiry:Nifty Analysis

By | December 22, 2021 9:00 pm

  • FII sold 9.3 K  contract of Index Future worth 809 cores, Net OI has decreased by 129 contract 4.7 K Long contract were covered by FII and 4.6 K Shorts were added by FII. Net FII Long Short ratio at 1.15 so FII used RISE to EXIT longs and ENTER Shorts.
  • As Discussed in Last Analys  Now Bulls need to move above 16817 for a move towards 16882/16946/17075. Bears will get active below 16741 for a move back to 16676/16611/16546.   Low made was 16819 we got prefect entry and did 2 target on upside,Tommrow North Node is moving in Taurus, Rahu generally create voltality in the market so time to be cautious for next 2 trading sessions. Now Bulls need to move above 17014 for a move towards 17078/17143/17208. Bears will get active below 16884 for a move back to 16819/16777.

  • MAX Pain is at 16900 PCR at 0.92.
  • Nifty Dec Future Open Interest Volume is at 0.96 Cores with liquidation of 1 Lakh with decrease in cost of carry suggesting LONG positions were closed today.
  • There is total OI of 6.69 Cores on the Call side and 5.6 Cores on the Put side, So, the activity is more on the CALL side, indicating option writers are  in BEARISH zone.
  • FII’s have been short from higher levels around 17300, We need a firm close above previous day high , Even if nifty rises by a couple of hundred points also – they will not go into loss. So, my assumption is they will not cover the shorts in a hurry – but are playing for a range bound market by dealing in the option segment actively. Their put writing ( PCR is increasing) and call buying against their shorts will lead to extended profits for them.
  • The Option Table data indicates decent support at 16800 and reasonable resistance at 17000.
  • FII’s sold 827 cores and DII’s bought 1593 cores in cash segment.INR closed at 75.61
  • Retailers have sold 85.3  K CE contracts and 16.5 K shorted CE contracts were covered by them on Put Side Retailers bought 497 K PE contracts and 383 K PE contracts were shorted by them suggesting having BEARISH outlook,On Flip Side FII sold 26 K CE contracts and 23.2 K shorted CE were covered by them, On Put side FII’s sold 1.1 K PE and 22.8 K PE were shorted by them suggesting they have a turned to NEUTRAL Bias.
  • Last Expiry happened on 17248 and today was are down approximatley 300 points so Big players are short from higher levels. Any close above 17014 can trigger  a big short covering rally  and break of 16895 can lead to swift fall.
  • For Positional Traders Stay long till we are holding Trend Change Level 16850 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 16835 will act as a Intraday Trend Change Level.

Buy Above 16972 Tgt 16799, 17036 and 17066 (Nifty Spot Levels)

Sell Below 16895 Tgt 16860, 16820 and 16777 (Nifty Spot Levels)

Upper End of Expiry : 17102

Lower End of Expiry : 16808

As always I wish you maximum health and trading success

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