Weekly F&O Expiry Nifty Analysis

• FII sold 1.3 K contract of Index Future worth 142 , Net OI has increased by 9.3 K contract 3.9 K Long contract were added by FII and 5.3 K Shorts were added by FII. Net FII Long Short ratio at 1.81 so FII used RISE to ENTER Longs and ENTER Shorts.

• As discussed in last analysis3 IT major TCS,Infosys,Wipro will come with results tommrow total weightage of that is around 16% in Index Till  Bulls are holding 17950-17964 range Bulls can see move towards 18150/18220. Bears will get active below 17916 for a move back to 17869/17800. 18220 done Now Bulls need to move above 18290 for rally to continue towards18347/18414. Bears will get active below 18146 for a move towards 18079/18012.

• Intraday time for reversal can be at 9:21/10:38/12:14/1:55/2:38   How to Find and Trade Intraday Reversal Times

• MAX Pain is at 18150 PCR at 1.04 , Rollover cost @17280 closed above it. 

• Nifty Jan  Future Open Interest Volume is at 1 Cores with addition of 0.12 Lakh with decrease in cost of carry suggesting LONG positions were covered today.

• There is total OI of 4.93 Cores on the Call side and 6.44 Cores on the Put side, So, the activity is more on the PUT  side, indicating option writers are  in BULLISH zone.

• Retailers have bought 146  K CE contracts and 124 K CE contracts were shorted by them on Put Side Retailers bought 230 K PE contracts and 174 K PE contracts were shorted by them suggesting having BEARISH outlook,On Flip Side FII bought 37 K CE contracts and 29.4 K CE were shorted by them, On Put side FII’s sold 36.8 K PE and 30.4 PE were shorted by them suggesting they have a turned to BEARISH Bias.

• The Option Table data indicates decent support at 17900 and reasonable resistance at 18200.

• FII’s sold 1001 cores and DII’s bought 1332 cores in cash segment.INR closed at 74.04

• We are having a blow off rally in Index and with today’s gap up open we are just less than 2% from all time high tommrow mercury is going Retrograde which leads to change in direction to time to be cautious on all long trades and keep strict trailing stop loss. 

• We are 8 trading days old in this series. It has been a remarkable series – We made a low of 17365 on the first day of the series. And from then on, apart from a1 red day, we have closed all the days in green. A remarkable rally born out of complete bearishness on the first day of the series. Jupiter and Mercury Ingress changed the complete complexion of the game. 

• For Positional Traders Stay long till we are holding Trend Change Level 17781 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 18212 will act as a Intraday Trend Change Level.

Buy Above 18290 Tgt 18312, 18343 and 18377 (Nifty Spot Levels)

Sell Below 18189 Tgt 18150, 18125 and 18090 (Nifty Spot Levels)

As always I wish you maximum health and trading success