Nifty Weekly Expiry Analysis – Bramesh’s Technical Analysis

  

Nifty Weekly Expiry Analysis – Bramesh’s Technical Analysis
  • FII sold 22.4  K contract of Index Future worth 2448 cores, Net OI has increased by 10.6 K contract 5.8 K  Long contract were covered by FII and 16.5 K  Shorts were added by FII. Net FII Long Short ratio at 1.647 so FII used fall to exit longs and enter shorts.
  • As Discussed in Last Analysis Now Bulls need to break 14859 for the rally to continue till 14920/14982/15043. Bears below 14798 can see a quick decline towards 14738/14677/14617. We have monthly, quaterly and Financial Year closing tommrow expect good move after 2:14 PM. Bears were able to do 2 target on downside and we are back to gann angle support as today being the last trading session on the week as Friday is again a trading holiday. Bulls need to move above 14743 for a quick move towards 14811/14868/14943 on upside. Bears below 14666 can see a quick downmove towards 14610/14525. As New Financial Year is starting I Wish all the readers THE BEST. Learn from your mistakes and start your fresh Journey for the Profitable Year ahead !!! 
  • Total Future & Option trading volume at 35.3 Lakh core with total contract traded 1.50 lakh , PCR @0.89
  • Nifty April  Future Open Interest Volume is at 1.13 Cores with addition of 2.1 Lakh with decrease in cost of carry suggesting LONG position were closed today, NF Rollover cost @14719 closed above it. 
  • 14800 CE is having Highest OI at 11.8  Lakh, resistance at 14800 followed by 14850.14700-14900 CE added 24 Lakh in OI so bears added in range of 15300-15500.FII bought 79.4 K CE and 88.9 K CE were shorted by them. Retailers bought 461 K CE and 366 K  CE were shorted by them.
  • 14600 PE [email protected] Lakhs having the highest OI strong support at 14600 followed by 14500. 14500-14700 PE added 14 Lakh in OI so bulls addded position in range 14500-14600.FII bought 66.4  K PE and 31 K PE were shorted by them. Retailers bought 342 K PE and 351 K PE were shorted by them.
  • FII’s sold 1685 cores and DII’s bought 2081 cores in cash segment.INR closed at 72.64

Buy Above 14725 Tgt 14743,14777 and 14812 (Nifty Spot Levels)

Sell Below 14666 Tgt 14636,14600 and 14575 (Nifty Spot Levels)

Upper End of Expiry : 14849

Lower End of Expiry : 14531



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