Nifty Weekly Expiry Analysis for 12 May

By | May 12, 2022 12:40 am

FII bought 4.2 K contract of Index Future worth 344 cores, Net OI has decreased by 10.1 K contract 102 Long contract were added by FII and 11.9 K Shorts were added by FII. Net FII Long Short ratio at 0.26 so FII used fall to enter long and enter short in Index Futures.

As Discussed in Last Analysis  Bulls were able to do 1 target on upside and Bears were able to do 2 target on downside. We have formed a Gravestone Doji candel and double top at 16404. Bulls need a close above16404 for a move towards 16459/16523/16586. Bearswill get active below 16211 for a move towards 16147/16083/16019. It was highly voaltile day with big range bank nifty is still not able to close above the Mercury Retrograde date High suggesting Bears have upper hand. For Swing trades Bulls need to move above 16191 for a move towards 16254/16318. Bears will get active below 16063 for a move towards 15999/15935/15871.Nifty Weekly Expiry Analysis for 12 May 

Intraday time for reversal can be at 9:20/9:41/12:08/1:25/2:49   How to Find and Trade Intraday Reversal Times

MAX Pain is at 16200 PCR at 0.79 , Rollover cost @17121 closed below it and rollover @65.6 lowest in 3 months. PCR below 0.9 and above 1.3 lead to trending moves, and in between leads to range bound markets.

Nifty May Future Open Interest Volume is at 1.02 Cores with addition of 0.21 Lakh with increase in cost of carry suggesting SHORT positions were closed today.

Maximum Call open interest of 60 lakh contracts was seen at 16300 strike, which will act as a crucial resistance level and Maximum PUT open interest of 53  lakh contracts was seen at 16000 strike, which will act as a crucial Support level

FII’s sold 3609 cores and DII’s bought 4181 cores in cash segment.INR closed at 77.55

Bayer Rule 1: The trend changes when Mercury changes its direction.Mercury goes in Retrograde. so Bulls need a close above 16404 for trend change to happened.

We are seeing fall across all Assets Class and Sentiment in extremly negative and Sell at 2 PM have become a crowded trade, Market follow path of least resistance so do not be biased at current jucture be ready to flip sides based on levels. 

Retailers have bought 324  K CE contracts and 306 K CE contracts were shorted by them on Put Side Retailers bought 352 K PE contracts and 244 K PE shorted contracts were added by them suggesting having BEARISH outlook,On Flip Side FII bought 84.6 K CE contracts and 45.2 K CE were shorted by them, On Put side FII’s bought 33.8 K PE and 31.8 K PE were shorted by them suggesting they have a turned to NEUTAL Bias.

Cut your losses – It’s pretty simple. You will not make it in the markets if you can’t cut your losses. You have to be confident in yourself as a trader to know there are an infinite amount of opportunities in the markets and that you can capitalize on them. That gives you the ability to let the losers go.

For Positional Traders Stay long till we are holding Trend Change Level 16709 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 16153 will act as a Intraday Trend Change Level.

Buy Above 16166 Tgt 16199, 16225 and 16278 (Nifty Spot Levels)

Sell Below 16099 Tgt 16066, 16034 and 15985 (Nifty Spot Levels)

Upper End of Expiry : 16360

Lower End of Expiry : 15974

As always I wish you maximum health and trading success

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