Nifty Sep Expiry Analysis

  • FII sold 3.4 K contract of Index Future worth 166 cores, Net OI has decreased by 29.4 K contract, 7.6 K Long contract were covered by FII and 2.4 K short were covered by FII. Net FII Long Short ratio at 0.76, So FII used fall to exit longs and exit shorts.
  • As Discussed in Last Analysis   Bears and Bulls both got whipsawed in an Inside day with DOJI candel formed today. Bulls need a close above 11621 for upmove to continue towards 11687/11730/11810. Bears will get active below 11525 for a move back to 11471/11420. 11416 done so bears were able to do all target below 11525. We have monthly expiry today and we are back to gann angle support so above 11476 bulls will get active for a move back to 11520/11600. Bears will get active below 11410 for a move back to 11370/11312.

  • Total Future & Option trading volume at 13.69  Lakh core with total contract traded at 2 lakh , PCR @0.84
  • Nifty Oct Future Open Interest Volume is at 1.08 core with addition of 29 Lakh with increase in  cost of carry suggesting long position were added today, NF Rollover cost @11050 closed above it.
  • 11700 CE is having Highest OI at 30 Lakh, resistance at 11600 followed by 11700 .11200-11700 CE added 12  Lakh in OI so bears added position in range of 11600-11700. FII bought 22.1 K CE Long and13.2 K CE were shorted by them. Retails bought 131 K CE and73 K  CE were shorted by them. 
  • 11400 PE OI@35 Lakhs having the highest OI strong support at 11400 followed by 11350 . 11200-11700 PE added 20 Lakh in OI so bulls added position in range 11400-11600.FII bought 22 K PE Long and 12.2 K PE were shorted by them. Retails sold 90 K  PE and 31 K shorted PE were covered by them. 
  • FII’s  sold 342 cores and DII’s sold 762 cores in cash segment.INR closed at 71.08

Buy Above 11476 Tgt 11500,11525 and 11576 (Nifty Spot Levels)

Sell Below 11410 Tgt 11390,11370 and 11333 (Nifty Spot Levels)