Nifty 22 June Weekly Expiry Analysis

By | June 21, 2023 9:41 pm

Foreign Institutional Investors (FIIs) displayed a Bulish approach in the Nifty Index Futures market by Buying 1239 contracts worth 117 crores, resulting in a decrease of 6115 contracts in the Net Open Interest. FIIs sold  2123   long contracts and covered 4135 short contracts , indicating a preference for covering LONG and covering SHORT positions .With a Net FII Long Short ratio of 1.11 FIIs utilized the market rise to exit Long positions and exit  short positions in NIFTY Futures.

As Discussed in Last Analysis     Summer Solstice will come tomorrow Evening, Gann has specifically talked a lot above this Solar Dates, Price is still below Satrun Retrograde High, For short term bearishness to come price need to close below 18600, till its not breached any fall or correction will get recovered like today. 

We have Summer Solstice today watch for first 15 mins High and Low to capture the trend of the market. Price is still not able to breach 18888,Sensex made a new all time high today. My advise would be to book profits part of your position in cash and keep trailing with strict sl. Its always good to book some profits and keep cash ready to deploy at further corrections. Nifty is managed to keep sentiment positve to play mid and small cap stocks.



Nifty Trade Plan Based  Bulls will get active above 18875 for a move towards 18916/18957/18997/19038/19078/19119. Bears will get active below 18794 for a move towards 18754/18713/18673/18632/18592/18551



Traders may watch out for potential intraday reversals at 09:20,10:43,11:48,2:38 How to Find and Trade Intraday Reversal Times

Nifty June Futures Open Interest Volume stood at 0.96 lakh, witnessing a liquidation of 2.6 lakh contracts. Additionally, the increase in Cost of Carry implies that there was a covering of LONG positions today.

Nifty Advance Decline Ratio at 23:26 and Nifty Rollover Cost is @18407 and Rollover is at 66.8%.

Major Support for Nifty us at 18637 ad@ 20 SMA

Nifty options chain shows that the maximum pain point is at 18800 and the put-call ratio (PCR) is at 0.98. Typically, when the PCR open interest ranges between 0.90 and 1.05, the market tends to remain range-bound.

Nifty 50 Options Chain Analysis

The Nifty 50 options chain indicates that the highest open interest (OI) on the call side is at the 18800 strike, followed by 18900 strikes. On the put side, the highest OI is at the 18700 strike, followed by 18600  strikes. This suggests that the market participants are expecting Nifty 50 to remain range between 18900-18600 levels.

According To Todays Data, Retailers Have bought 610 K Call Option Contracts And 525 K Call Option Contracts Were Shorted by them. Additionally, They bought 884 K Put Option Contracts And 712 K Put Option Contracts were Shorted by them, Indicating A BULLISH Bias.

In Contrast, Foreign Institutional Investors (FIIs) bought 105 K Call Option Contracts And 120 K Call Option Contracts Were Shorted by them. On The Put Side, FIIs bought 93 K Put Option Contracts And 140 K Put Option Contracts were Shorted by them, Suggesting They Have Turned To BEARISH  Bias.

In the cash segment, Foreign Institutional Investors (FII) bought 4013 crores, while Domestic Institutional Investors (DII) bought 550 crores.

Traders who follow the musical octave trading path may find valuable insights in predicting Nifty’s movements. According to this path, Nifty may follow a path of 18360-18890-19452 This means that traders can take a position and potentially ride the move as Nifty moves through these levels.Of course, it’s important to keep in mind that trading is inherently risky and market movements can be unpredictable.  Price is around 18890


Fundamental of Trading : 1. Proper preparation 2. Hard work 3. Patience 4. A detailed plan before every trade 5. Discipline 6. Trade Journal 7. Replaying important trades

For Positional Traders, The Nifty Futures’ Trend Change Level is At 18703 . Going Long Or Short Above Or Below This Level Can Help Them Stay On The Same Side As Institutions, With A Higher Risk-reward Ratio. Intraday Traders Can Keep An Eye On 18878 , Which Acts As An Intraday Trend Change Level.

Intraday Trading Levels

Buy Above 18890 Tgt 18923, 18966 and 18999 (Nifty Spot Levels)

Sell Below 18835 Tgt 18800, 18761 and 18729 (Nifty Spot Levels)

Upper End of Expiry : 18967

Lower End of Expiry : 18744

Wishing you good health and trading success as always.As always, prioritize your health and trade with caution.

Category: Nifty Expiry Levels

About Bramesh

Bramesh Bhandari has been actively trading the Indian Stock Markets since over 15+ Years. His primary strategies are his interpretations and applications of Gann And Astro Methodologies developed over the past decade.

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